Common use of Grants to Recipients Clause in Contracts

Grants to Recipients. 4.1. The Bank will, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreement (the “Grant Agreements”) with eligible recipients selected in accordance with the terms of Annex 1 (the “Recipients”) consistent with the purposes of this Arrangement 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 that all Donors have agreed to make available under the Administration Agreements or Arrangements between the Bank and the Donors. Upon request by a Donor, the Bank will furnish a copy of the Grant Agreements to the Donors. 4.2. The Bank will be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund. 4.3. The Bank will promptly inform the 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 will afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.

Grants to Recipients. 4.1. The Bank will, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreement agreements (the “Grant Agreements”) with eligible recipients selected in accordance with the terms Governance Arrangements of Annex 1 (the “Recipients”) consistent with the purposes of this Arrangement and on the terms and conditions provisions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions that all Donors have agreed to make available under the Administration Agreements or Arrangements between the Bank and the Donors. Upon request by a Donor, the Bank will furnish a copy of the Grant Agreements to the Donors. 4.2. The Bank will be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund. 4.3. The Bank will promptly inform the Donors of any significant modification to the terms provisions 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 will afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.

Grants to Recipients. 4.1. The Bank will, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreement agreements (the “Grant Agreements”) with eligible recipients selected in accordance with the governance terms of Annex 1 2 (the “Recipients”) consistent with the purposes of this Arrangement 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 that all Donors have agreed to make available under the Administration Agreements or Arrangements between the Bank and the Donors. Upon request by a Donor, the Bank will furnish a copy of the Grant Agreements to the Donors. 4.2. The Bank will be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund. 4.3. The Bank will promptly inform the 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 will afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.

Grants to Recipients. 4.1. The Bank willshall, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreement (the “Grant Agreements”) with eligible recipients selected in accordance with the terms of Annex 1 (the “Recipients”) consistent with the purposes of this Arrangement and Agreement, in each case on the terms and conditions set forth in the Grant AgreementsAgreement. Grant Agreements may be entered into up to the maximum amount of the Contributions that all Donors have agreed to make available under the Administration Agreements or Arrangements between the Bank and the Donors. Upon request by a Donor, the Bank will shall furnish a copy of the each requested Grant Agreements Agreement to the Donorsrequesting Donor. 4.2. The Bank will 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 Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund. 4.3. The Bank will shall promptly inform the Donors of any significant modification to the terms of any Grant Agreements Agreement and of any contractual remedies that are exercised by the Bank under any Grant AgreementsAgreement. To the extent practicable, the Bank will shall afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.