Common use of Required MCC Approvals Clause in Contracts

Required MCC Approvals. Each of the following transactions, agreements, and documents require MCC’s prior written approval: (a) each Disbursement Request; (b) Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan, the M&E Plan, and any modification of any of the foregoing; (c) all agreements between the Government and the Accountable Entity, and all agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Fiscal Agent; (iii) Procurement Agent; (iv) Bank; (v) Implementing Entity; (vi) a member of the Accountable Entity’s board of directors (including any observer); and (vii) any Interim MCA Team or Key Staff of the Accountable Entity (including agreements regarding compensation for any such person); (d) any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any agreement or transaction of the Accountable Entity that is not arm’s-length;‌ (f) any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any decree, legislation, regulation, charter, contractual arrangement, or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization, or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity; (i) any change in character or location of any Permitted Account; (i) any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Key Staff of the Accountable Entity or in the composition or size of its Management Unit, and the filling of any vacant position of any Key Staff of the Accountable Entity; (k) any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date, or to engage in any activities or undertake any duties or responsibilities other than those contemplated under this Agreement or any related agreement or document; (l) any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (m) any decision to amend, supplement, replace, terminate, revoke, or otherwise change any of the foregoing documents or arrangements.

Required MCC Approvals. Each of the following transactions, agreements, agreements and documents will require MCC’s prior written approval: (a) Any Disbursement and each Disbursement Request; (b) Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan, Plan and the M&E Plan, and any modification of any of the foregoing; (c) all All agreements between the Government and the Accountable Entity, and all agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Fiscal AgentBank; (iii) Procurement Agent; (iv) Bank; (v) Implementing Entity; (vi) a member of the Accountable Entity’s board of directors (including any observer); and (vii) or any Interim MCA Team or Key Staff Officer of the Accountable Entity (including agreements regarding modifying compensation for any such person); (d) any Any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any Any agreement or transaction of the Accountable Entity that is not arm’s-length;‌length; (f) any Any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any Any decree, legislation, regulation, charter, contractual arrangement, arrangement or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization, organization or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any Any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity, including any revocation or modification of or supplement to any Governing Document related thereto; (i) any Any change in character or location of any Permitted Account; (i) any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Key Staff Officer of the Accountable Entity or in the composition or size of its Management Unitmanagement unit, and the filling of any vacant position of any Key Staff Officer of the Accountable Entity; (k) any Any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date, or to engage in any activities or undertake any duties or responsibilities other than those contemplated under this Agreement or any related agreement or document; (l) any Any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (m) any Any decision to amend, supplement, replace, terminate, revoke, terminate or otherwise change any of the foregoing documents or arrangements.

Required MCC Approvals. Each of the following transactions, agreements, agreements and documents will require MCC’s prior written approval: (a) any Disbursement and each Disbursement Request; (b) the Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan, Plan and the M&E Plan, and any modification of any of the foregoing; (c) all agreements between the Government and the Accountable Entity, and all agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Fiscal AgentBank; (iii) Procurement Agent; (iv) Bank; (v) Implementing Entity; (vi) a member of the Accountable Entity’s board of directors (including any observer); and (vii) or any Interim MCA Team or Key Staff Officer of the Accountable Entity (including agreements regarding compensation for any such person); (d) any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any agreement or transaction of the Accountable Entity that is not arm’s-length;‌length; (f) any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any decree, legislation, regulation, charter, contractual arrangement, arrangement or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization, organization or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity, including any revocation or modification of or supplement to any Governing Document related thereto; (i) any change in character or location of any Permitted Account; (i) any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Key Staff Officer of the Accountable Entity or in the composition or size of its Management Unitmanagement unit (other than positions that receive no Grant funding), and the filling of any vacant position of any Key Staff Officer of the Accountable Entity; (k) any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date, or to engage in any activities or undertake any duties or responsibilities other than those contemplated under this Agreement or any related agreement or document; (l) any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (m) any decision to amend, supplement, replace, terminate, revoke, terminate or otherwise change any of the foregoing documents or arrangements.

Required MCC Approvals. Each of the following transactions, agreements, and documents require MCC’s prior written approval:approval:‌ (a) each Disbursement Request; (b) Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan, the M&E Plan, and any modification of any of the foregoing; (c) all agreements between the Government and the Accountable Entity, and all agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Fiscal Agent; (iii) Procurement Agent; (iv) Bank; (v) Implementing Entity; (vi) a member of the Accountable Entity’s board of directors (including any observer); and (vii) any Interim MCA Accountable Entity Team or Key Staff of the Accountable Entity (including agreements regarding compensation for any such person); (d) any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any agreement or transaction of the Accountable Entity that is not arm’s-length;‌arm’s- length; (f) any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any decree, legislation, regulation, charter, contractual arrangement, or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization, or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity; (i) any change in character or location of any Permitted Account; (i) any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Key Staff of the Accountable Entity or in the composition or size of its Management Operations Unit, and the filling of any vacant position of any Key Staff of the Accountable Entity; (k) any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date, or to engage in any activities or undertake any duties or responsibilities other than those contemplated under this Agreement or any related agreement or document; (l) any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (m) any decision to amend, supplement, replace, terminate, revoke, or otherwise change any of the foregoing documents or arrangements.

Required MCC Approvals. Each of the following transactions, agreements, agreements and documents will require MCC’s prior written approval: (a) Any Disbursement and each Disbursement Request; (b) Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan, Plan and the M&E Plan, and any modification of any of the foregoing; (c) all agreements Agreements between the Government and the Accountable Entity, and all agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Fiscal Agent;Bank; or (iii) Procurement Agent; (iv) Bank; (v) Implementing Entity; (vi) a member of the Accountable Entity’s board of directors (including any observer); and (vii) or any Interim MCA Team or Key Staff of the Accountable Entity (including agreements regarding compensation for any such person); (d) any Any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any Any agreement or transaction of the Accountable Entity that is not arm’s-length;‌length; (f) any Any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any Any decree, legislation, regulation, charter, contractual arrangement, arrangement or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization, organization or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any Any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity, including any revocation or modification of or supplement to any Governing Document related thereto; (i) any Any change in character or location of any Permitted Account; (i) any Any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Key Staff of the Accountable Entity or in the composition or size of its Management Unitmanagement unit, and the filling of any vacant position of any Key Staff of the Accountable Entity; (k) any Any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date, or to engage in any activities or undertake any duties or responsibilities other than those contemplated under this Agreement or any related agreement or document; (l) any Any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (m) any Any decision to amend, supplement, replace, terminate, revoke, or otherwise change any of the foregoing documents or arrangements.

Required MCC Approvals. Each of the following transactions, agreements, and documents require MCC’s prior written approval:approval:‌ (a) any Disbursement and each Disbursement Request; (b) Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan, the M&E Plan, and any modification of any of the foregoing; (c) all agreements between the Government and the Accountable Entity, and all agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Fiscal Agent;Bank; or (iii) Procurement Agent; (iv) Bank; (v) Implementing Entity; (vi) a member of the Accountable Entity’s board of directors (including any observer); and (vii) or any Interim MCA Team or Key Staff Officer of the Accountable Entity (including agreements regarding compensation for any such person); (d) any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any agreement or transaction of the Accountable Entity that is not arm’s-length;‌length; (f) any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any decree, legislation, regulation, charter, contractual arrangement, arrangement or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization, organization or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity; (i) any change in character or location of any Permitted Account; (i) any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Key Staff of the Accountable Entity or in the composition or size of its Management Unit, and the filling of any vacant position of any Key Staff of the Accountable Entity;Officer of (k) any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date, or to engage in any activities or undertake any duties or responsibilities other than those contemplated under this Agreement or any related agreement or document; (l) any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (m) any decision to amend, supplement, replace, terminate, revoke, terminate or otherwise change any of the foregoing documents or arrangements.

Required MCC Approvals. Each of the following transactions, agreements, and documents require MCC’s prior written approval: (a) each Disbursement Request; (b) Implementation Plan (including each element or component thereof), the Fiscal Accountability Plan, the M&E Plan, and any modification of any of the foregoing; (c) all agreements between the Government and the Accountable Entity, and all agreements in which any of the following are appointed, hired or otherwise engaged (each of the foregoing, a “Material Agreement”): (i) Auditor; (ii) Fiscal Agent; (iii) Procurement Agent; (iv) Bank; (v) Implementing Entity; (vi) a member of the Accountable Entity’s board of directors (including any observer); and (vii) any Interim MCA Team or Key Staff of the Accountable Entity (including agreements regarding compensation for any such person); (d) any modification, termination or suspension of a Material Agreement, or any action that would have equivalent effect; (e) any agreement or transaction of the Accountable Entity that is not arm’s-length;‌length; (f) any pledge of any Grant funding or any Program Assets, or any incurrence of material indebtedness, or any guarantee, directly or indirectly of any indebtedness; (g) any decree, legislation, regulation, charter, contractual arrangement, or other document establishing or governing (other than public laws of general application to all public institutions), or relating to the formation, organization, or governance of, the Accountable Entity, and any amendment, supplement, modification, repeal or other alteration thereof or thereto (each, a “Governing Document”); (h) any disposition, in whole or in part, liquidation, dissolution, winding up, reorganization or other change of the Accountable Entity; (i) any change in character or location of any Permitted Account; (i) any change of any member of the Accountable Entity’s board of directors, any observer, the chairperson of the board, the composition or size of the board or the filling of any vacant seat on the board, or the replacement of any observer; (ii) any change of any Key Staff of the Accountable Entity or in the composition or size of its Management Unit, and the filling of any vacant position of any Key Staff of the Accountable Entity; (k) any decision by the Accountable Entity to engage, accept or manage any funds in addition to the Grant (including from any donor agencies or organizations) prior to the Completion Date, or to engage in any activities or undertake any duties or responsibilities other than those contemplated under this Agreement or any related agreement or document; (l) any agreement, transaction, decision or other action or document for which MCC approval is required under any of the Program Guidelines, including the MCC Program Procurement Guidelines; and (m) any decision to amend, supplement, replace, terminate, revoke, or otherwise change any of the foregoing documents or arrangements.