Common use of Independence and Autonomy Clause in Contracts

Independence and Autonomy. The Government shall take all appropriate actions to carry out its responsibilities in connection with this Agreement and the Program. To do so, the Government has designated the Accountable Entity pursuant to Section 3.2(b) to exercise and perform the Government’s rights and obligations to oversee and implement the Program. The Accountable Entity shall have operational and legal independence, including, inter alia, the ability to (1) enter into contracts in its own name; (2) sue and be sued; (3) establish a bank account in its own name; (4) expend Grant funding; and (5) engage contractors, consultants, and grantees. The internal operations of the Accountable Entity shall be governed by the terms and conditions of this Agreement, any related MCC policies, and the Governing Documents, which shall include bylaws providing further details on the Accountable Entity’s internal operations. The bylaws must be in form and substance satisfactory to MCC. The Accountable Entity shall be administered and managed by a board of directors (the “Board”) and a management unit (the “Management Unit”).

Independence and Autonomy. The Government shall take all appropriate actions to carry out its responsibilities in connection with this Agreement and the Program. To do so, the Government has designated the Accountable Entity pursuant to Section 3.2(b) to exercise and perform the Government’s rights and obligations to oversee and implement the Program. The Accountable Entity shall have operational and legal independence, including, inter alia, the ability to (1i) enter into contracts in its own name; (2ii) sue and be sued; (3iii) establish a bank account in its own name; (4iv) expend Grant funding; and (5v) engage contractors, consultants, and grantees. The internal operations of the Accountable Entity shall be governed by the terms and conditions of this Agreement, any related MCC policies, and the Governing Documents, which shall include bylaws providing further details on the Accountable Entity’s internal operations. The bylaws must be in form and substance satisfactory to MCC. The Accountable Entity shall be administered and managed by a board of directors (the “Board”) and a management an operations unit (the “Management Operations Unit”).

Independence and Autonomy. The Government shall agrees to take all appropriate actions to carry out its responsibilities in connection with this Agreement and the Program. To do so, the Government has designated the Accountable Entity pursuant to Section 3.2(b) to exercise and perform the Government’s rights right and obligations obligation to oversee and implement the Program. The Accountable Entity shall have operational and legal independence, including, inter alia, the ability to (1) enter into contracts in its own name; (2) sue xxx and be sued; (3) establish a bank account in its own name; (4) expend Grant funding; and (5) engage contractors, consultants, and consultants and/or grantees. The internal operations of the Accountable Entity shall be governed by the terms and conditions of this Agreement, any related MCC policies, policies and the Governing Documents, which shall include bylaws providing further details on the Accountable Entity’s internal operations. The bylaws must be in form and substance satisfactory to MCC. The Accountable Entity shall be administered and managed by a board of directors (the “Board”) and a management unit (the “Management Unit”).