Common use of Grants to Recipients Clause in Contracts

Grants to Recipients. 4.1. The Bank will, as administrator on behalf of the Donors, enter into grant agreements (the “Grant Agreements”) with one or more entities (the “Recipients”) for the provision of Contribution funds for the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. The Bank will furnish a copy of the Grant Agreements to the Donors. 4.2. The Bank will be solely responsible for the supervision of GFDRR Track 2 MDTF activities financed under the Grant Agreements.

Grants to Recipients. 4.1. The Where the Contributions will be used for financing Recipient activities, the Bank will, as administrator on behalf of the DonorsAdministrator, enter into grant agreements agreement(s) (the “Grant AgreementsAgreement(s)”) with one or more entities (the “RecipientsRecipient(s)”) for the provision of Contribution funds for the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. The Bank will furnish a copy of the Grant Agreements Agreement(s) to the Donors. 4.2. The Bank will be solely responsible for the supervision of GFDRR Track 2 MDTF Facility activities financed under the Grant Agreements.