Common use of Permitted Accounts Clause in Contracts

Permitted Accounts. (i) The Government will ensure that MCA-Georgia establishes: (1) a bank account denominated in Georgian Lari (the “Local Account”) and (2) such other accounts, at a financial institution acceptable to MCC (such Local Account, and each such other account, a XXXXXXX XXXXX AND IMPLEMENTATION AGREEMENT “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will ensure that MCA-Georgia enters into a bank agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds will be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government will provide copies of such statements to MCC upon its request. (iii) The Government will ensure that Grant funding held in a Permitted Account accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, the Government will ensure the transfer of all interest accrued on amounts held in a Permitted Account to MCC. (iv) The Government will provide in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this Agreement, the Government will provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the requested date for the next Disbursement.

Permitted Accounts. (i) The Government will ensure that MCA-Georgia establishes: Any Grant funding to be disbursed (1other than Reimbursable Cost Funding) to a bank account denominated of the Government or Accountable Entity must be deposited in Georgian Lari a bank account (the “Local Account”) and (2) such other accountsestablished by the Government or the Accountable Entity, as applicable, in the local currency of Togo or United States dollars, as agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, and each such other account, a XXXXXXX XXXXX AND IMPLEMENTATION AGREEMENT “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will agrees to ensure that MCA-Georgia the Accountable Entity enters into a bank an agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-anti- terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts will shall be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCCMCC agrees otherwise, no other funds will be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government will provide copies of such statements to MCC upon its request. (iii) The Government will ensure that Grant funding held in a Permitted Account shall accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, the Government will agrees to ensure the transfer to MCC of all any interest accrued on amounts held in a Permitted Account. (iii) Unless MCC agrees otherwise, no funds shall be commingled in a Permitted Account other than Grant funding and accrued interest and earnings thereon. MCC has the right, among other things, to MCC.view any Permitted Account statements and activity directly (iv) The Government will provide Unless MCC agrees otherwise, if Grant funding is held in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any Permitted Account or other than the related Account and Wire Transfer Information changes during the term of this AgreementLocal Account, the Government will provide agrees to MCC and the Fiscal Agent the new information as soon as practicable, but ensure that such Grant funding is denominated in no event later than ten business days United States dollars prior to release. Unless MCC agrees otherwise, to the requested date extent that any amount of Grant funding held by a Bank in United States dollars must be exchanged into the currency of Togo for any purpose, the next DisbursementGovernment agrees to ensure that such exchange is consistent with the requirements of the Bank Agreement.

Permitted Accounts. (i) The Government will ensure that MCA-Georgia establishes: From time to time as authorized or directed by MCC, MMD shall establish (1or cause to be established) a bank account accounts, denominated in Georgian Lari (the “Local Account”) Malawian Kwacha or in U.S. Dollars, and (2) such other accounts, on terms and at a financial institution acceptable to MCC MCC, that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such Local Account, and each such other account, a XXXXXXX XXXXX AND IMPLEMENTATION AGREEMENT “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will shall enter, or ensure that MCA-Georgia enters the Permitted Designee enters, into a bank agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts will shall be set forth in the Interim Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds will shall be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. Any funding contribution from the Government (the “Government Contribution”) shall be kept in a separate Permitted Account and no other funds shall be commingled in such Permitted Account other than the Government Contribution and any other interest accrued thereon. MCC will shall have the right, among other things, to view any Permitted Account statements and activity directly on-on- line, and where such viewing is not feasible, the Government will shall provide copies of such statements to MCC upon its request. (iii) The Government will shall ensure that any Grant funding held in a Permitted Account accrue accrues interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, the Government will shall ensure the transfer of all interest accrued on amounts any Grant funding held in a Permitted Account to MCC. (iv) The Government will shall provide in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this Agreement, the Government will shall provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the requested date for the next Disbursement.. C onditions Precedent to the Initial Disbursement for Government-Contracted A ctivities. MCC’s approval of the initial Disbursement Request shall be subject to the satisfaction of each of the following conditions (except as such conditions may be waived or deferred by MCC in its sole discretion):

Permitted Accounts. (i) The Government will ensure that MCA-Georgia establishes: (1) Any Grant funding to be disbursed to a bank account denominated of the Government or Accountable Entity must be deposited in Georgian Lari a bank account (the “Local Account”) and (2) such other accountsestablished by the Government or the Accountable Entity, as applicable, in the local currency of Kenya or United States dollars, as agreed by the Parties, at a financial institution acceptable to MCC. With prior MCC approval, the Accountable Entity may establish such other bank accounts as are needed for the purposes of implementing the Program (each such other bank account, together with the Local Account, and each such other account, a XXXXXXX XXXXX AND IMPLEMENTATION AGREEMENT “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will shall ensure that MCA-Georgia the Accountable Entity enters into a bank an agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each each, a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each each, a “Bank Agreement”). The Bank shall be a commercial financial institution unless MCC otherwise agrees. The terms and operation of the Permitted Accounts will shall be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCCMCC agrees otherwise, no other funds will be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government will provide copies of such statements to MCC upon its request. (iii) The Government will ensure that Grant funding held in a Permitted Account shall accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, the Government will shall ensure the transfer to MCC of all any interest accrued on amounts held in a Permitted Account. (iii) Unless MCC agrees otherwise, no funds shall be commingled in a Permitted Account other than Grant funding and accrued interest and earnings thereon. MCC has the right, among other things, to MCCview any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government shall provide copies of such statements to MCC upon its request. (iv) The Government will provide Unless MCC agrees otherwise, if Grant funding is held in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any Permitted Account or other than the related Account and Wire Transfer Information changes during the term of this AgreementLocal Account, the Government will provide to MCC and the Fiscal Agent the new information as soon as practicable, but shall ensure that such Grant funding is denominated in no event later than ten business days United States dollars prior to release. Unless MCC agrees otherwise, to the requested date extent that any amount of Grant funding held by a Bank in United States dollars must be exchanged into the currency of Kenya for any purpose, the next DisbursementGovernment shall ensure that such exchange is consistent with the requirements of the Bank Agreement.

Permitted Accounts. (i) The From time to time as authorized or directed by MCC, the Government will ensure that MCA-Georgia establishes: shall establish (1or cause to be established) a bank account accounts, denominated in Georgian Lari (the “Local Account”) Sierra Leonean Leones or in U.S. Dollars, and (2) such other accounts, on terms and at a financial institution acceptable to MCC MCC, that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such Local Account, and each such other account, a XXXXXXX XXXXX AND IMPLEMENTATION AGREEMENT “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will shall enter, or ensure that MCA-Georgia enters the accountable entity or other Permitted Designee enters, into a bank agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts will shall be set forth in the Interim Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds will shall be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. Any funding contribution from the Government (the “Government Contribution”) shall be kept in a separate Permitted Account and no other funds shall be commingled in such Permitted Account other than the Government Contribution and any other interest accrued thereon. MCC will shall have the right, among other things, to view any Permitted Account statements and activity directly on-on- line, and where such viewing is not feasible, the Government will shall provide copies of such statements to MCC upon its request. (iii) The Government will shall ensure that Grant funding held in a Permitted Account accrue accrues interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, the Government will shall ensure the transfer of all interest accrued on amounts Grant funding held in a Permitted Account to MCC. (iv) The Government will shall provide in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this Agreement, the Government will shall provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the requested date for the next Disbursement.. Conditions Precedent to the Initial Disbursement for Government-Contracted Activities. MCC’s approval of the initial Disbursement Request shall be subject to the satisfaction of each of the following conditions (except as such conditions may be waived or deferred by MCC in its sole discretion):

Permitted Accounts. (i) The Prior to entering into any agreement with a Government Service Provider pursuant to which Disbursements are contemplated to be transferred into a bank account prior to their payment to the Government Service Provider, the Government will establish (or ensure that MCA-Georgia establishes: (1the establishment of) a bank account denominated in Georgian Lari Ghana Cedi or in U.S. Dollars, as appropriate, to receive such Disbursements on terms and at a financial institution acceptable to MCC. From time to time as authorized by MCC, the Government may also establish (the “Local Account”or cause to be established) other bank accounts on terms and (2) such other accounts, at a financial institution acceptable to MCC that are necessary or otherwise appropriate to fulfil the terms of this Agreement (any such Local Account, and each such other account, together with the each account established and maintained in accordance with the immediately preceding sentence, a XXXXXXX XXXXX AND IMPLEMENTATION AGREEMENT “Permitted Account”). Before any Grant funding is deposited into a Permitted Account, the Government will enter, or ensure that MCA-Georgia enters the Permitted Designee enters, into a bank agreement, in form and substance satisfactory to MCC, with the financial institution approved by MCC to hold such Permitted Account (each a “Bank”), which sets forth the signatory authority, access rights, anti-money laundering and anti-terrorist financing provisions, and other terms related to such Permitted Account (each a “Bank Agreement”). The terms and operation of the Permitted Accounts will be set forth in the Fiscal Accountability Plan and the Bank Agreement. (ii) Unless otherwise authorized by MCC, no other funds will be commingled in a Permitted Account other than the Grant funding and any accrued interest thereon. MCC will have the right, among other things, to view any Permitted Account statements and activity directly on-line, and where such viewing is not feasible, the Government will provide copies of such statements to MCC upon its request. (iii) The Government will ensure that Grant funding held in a Permitted Account accrue interest or other earnings in accordance with the applicable Bank Agreement. On a quarterly basis and upon the termination or expiration of this Agreement or the relevant Bank Agreement, the Government will ensure the transfer of all interest accrued on amounts held in a Permitted Account to MCC. (iv) The Government will provide in writing to MCC and the Fiscal Agent the account name, designated account number and wire transfer instructions for transfers to Permitted Accounts (the “Account and Wire Transfer Information”) no later than ten business days prior to the date on which the initial deposit is to be made to a Permitted Account. In the event that any Permitted Account or the related Account and Wire Transfer Information changes during the term of this Agreement, the Government will provide to MCC and the Fiscal Agent the new information as soon as practicable, but in no event later than ten business days prior to the requested date for the next Disbursement.