Common use of Grants to Recipients Clause in Contracts

Grants to Recipients. 4.1 The Bank, as Principal Delivery Partner on behalf of the Contributors, if so decides, may enter into grant agreements (the “Grant Agreements”) with eligible recipients (the “Recipients”) consistent with the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions allocated by the Partnership Assembly or Partnership Committee, as applicable, for the Bank to enter into the Grant Agreements. Upon request by a Contributor, the Bank shall furnish a copy of the Grant Agreements to the Contributors. 4.2 The Bank shall be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Contributors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund. 4.3 The Bank shall promptly inform the Contributors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Contributors the opportunity to exchange views before effecting any such modification or exercising any such remedy.

Grants to Recipients. 4.1 4.1. The BankBank shall, as Principal Delivery Partner administrator of the Trust Fund on behalf of the ContributorsDonors, if so decides, may enter into grant agreements (the “Grant Agreements”) with eligible recipients selected in accordance with the governance terms of Annex 1 (the “Recipients”) consistent with the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions allocated by that all Donors have agreed to make available under the Partnership Assembly or Partnership Committee, as applicable, for Administration Agreements between the Bank to enter into and the Grant AgreementsDonors. Upon request by a ContributorDonor, the Bank shall furnish a copy of the Grant Agreements to the ContributorsDonors. 4.2 4.2. The Bank shall be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Contributors Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund. 4.3 4.3. The Bank shall promptly inform the Contributors Donors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Contributors Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.

Grants to Recipients. 4.1 4.1. The BankBank shall, as Principal Delivery Partner administrator of the Trust Fund on behalf of the ContributorsDonors, if so decides, may enter into grant agreements (the “Grant Agreements”) with eligible recipients selected in accordance with the terms of Annex 1 (the “Recipients”) consistent with the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions allocated by that all Donors have agreed to make available under the Partnership Assembly or Partnership Committee, as applicable, for Administration Agreements between the Bank to enter into and the Grant AgreementsDonors. Upon request by a ContributorDonor, the Bank shall furnish a copy of the Grant Agreements to the ContributorsDonors. 4.2 4.2. The Bank shall be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Contributors Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund. 4.3 4.3. The Bank shall promptly inform the Contributors Donors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Contributors Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.