Common use of Government Contribution Clause in Contracts

Government Contribution. During the Compact Term, the Government will make contributions, relative to its national budget and taking into account prevailing economic conditions, as are necessary to carry out the Government’s responsibilities under Section 2.6(a) of this Compact. These contributions may include in-kind and financial contributions (including obligations of Benin on any debt incurred toward meeting these contribution obligations). In connection with this obligation the Government has developed a budget over the Compact Term to complement MCC Funding through budget allocations to each of the Projects and Program Administration. The Government will make a contribution of approximately US$28,125,000 (or 7.5 percent of the amount of MCC Funding provided under this Compact) over the Compact Term. The Government will allocate such contribution in the national budget according to a multi-year plan. The Government will provide evidence of the approval thereof to MCC prior to entry into force. In the event that deobligation of the On-Grid Tranche Funding or the Off-Grid Tranche Funding occurs in accordance with Section 8.3(a) of this Compact, the obligation for the corresponding Government contribution will cease to apply. Such contributions will be in addition to the Government’s spending toward such Project Objectives in its budget for the year immediately preceding the establishment of this Compact. The Government’s contribution will be subject to any legal requirements in Benin for the budgeting and appropriation of such contribution, including approval of the Government’s budget by its legislature. The Parties may set forth in the Program Implementation Agreement or other appropriate Supplemental Agreements certain requirements regarding this Government contribution, which requirements may be conditions precedent to the Disbursement of MCC Funding. During implementation of the Program, the Government’s contributions may be modified or new contributions added with MCC approval, provided that the modified or new contributions continue to advance the Project Objectives. EXHIBIT A TO ANNEX II MULTI-YEAR FINANCIAL PLAN SUMMARY (US$) Compact Program Tranche I and CIF CIF Year 1 Year 2 Year 3 Year 4 Year 5 Total

Appears in 2 contracts

Samples: www.mcabenin2.bj, www.mcc.gov

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Government Contribution. During the Compact Term, the Government will make contributions, relative to its national budget and taking into account prevailing economic conditions, as are necessary to carry out the Government’s responsibilities under Section 2.6(a) of this Compact. These contributions may include in-kind and financial contributions (including obligations of Benin Georgia on any debt incurred toward meeting these contribution obligations). In connection with To meet this obligation the Government has developed a budget over the Compact Term to complement MCC Funding through budget allocations allocate resources to each of the Projects including financial support for (a) implementing entity costs related to the management of the School O&M Plan; (b) the development of higher education STEM degrees; (c) capital equipment for MCC rehabilitated schools; (d) teacher training and assessments; (e) rehabilitation of public TVET facilities; (f) computers for educator professional development, as well as in- kind contributions of real property to be used for Program Administrationpurposes; and (g) forgone taxes related to GRDF proceeds. The Government will make a contribution anticipates making contributions of approximately US$28,125,000 21,000,000 (or 7.5 15 percent of the amount of MCC Funding provided under this Compact) over the Compact Term. The Government will allocate such Such contribution in the national budget according to a multi-year plan. The Government will provide evidence of the approval thereof to MCC prior to entry into force. In the event that deobligation of the On-Grid Tranche Funding or the Off-Grid Tranche Funding occurs in accordance with Section 8.3(a) of this Compact, the obligation for the corresponding Government contribution will cease to apply. Such contributions will be in addition to the Government’s spending allocated toward such Project Objectives activities in its budget for the year immediately preceding the establishment of this Compact. The Government’s contribution will be subject to any legal requirements in Benin Georgia for the budgeting and appropriation of such contribution, including approval of the Government’s annual budget by its legislature. The Parties may set forth in the Program Implementation Agreement or other appropriate Supplemental Agreements certain requirements regarding this Government contribution, which requirements may be conditions precedent to the Disbursement of MCC Funding. During implementation of the Program, the Government’s contributions may be modified changed or new contributions added with MCC approval; provided that, provided that the modified or new contributions continue to advance the Project Objectives. EXHIBIT A TO ANNEX II MULTI-YEAR FINANCIAL PLAN SUMMARY (US$) Compact Program Tranche I and CIF Component CIF Year 1 Year 2 Year 3 Year 4 Year 5 Total

Appears in 2 contracts

Samples: www.mcageorgia.ge, assets.mcc.gov

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