Subsidiary Agreement. 1. To facilitate the carrying out of the Project, the Recipient shall make the proceeds of the Financing available to the Project Implementing Entity on a non-refundable basis under a subsidiary agreement between the Recipient represented by the Ministry of Finance, the Ministry for Regional Development and Infrastructure and the Project Implementing Entity, under terms and conditions approved by the Association (“Subsidiary Agreement”). 2. The Recipient shall exercise its rights under the Subsidiary Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Agreement or any of its provisions.
Appears in 2 contracts
Samples: Financing Agreement, Financing Agreement
Subsidiary Agreement. 1. To facilitate the carrying out of the Project Implementing Entity’s Respective Part of the Project, the Recipient shall make the proceeds of the Financing allocated from time to time to Category (4) available to the Project Implementing Entity on a non-refundable basis grant basis, under a subsidiary agreement Subsidiary Agreement between the Recipient represented by the Ministry of Finance, the Ministry for Regional Development and Infrastructure and the Project Implementing Entity, under terms and conditions approved by the Association (“Subsidiary Agreement”).
2. The Recipient shall exercise its rights under the Subsidiary Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Agreement or any of its provisions.
Appears in 2 contracts
Samples: Financing Agreement, Financing Agreement
Subsidiary Agreement. 1. To facilitate the carrying out of each Project Implementing Entity’s Respective Part of the Project, the Recipient shall make the proceeds of the such Project Implementing Entity’s respective Subsidiary Financing available to the Project Implementing Entity it on a non-refundable basis grant terms under a subsidiary agreement between the Recipient represented by the Ministry of Finance, the Ministry for Regional Development and Infrastructure and the Project Implementing Entity, under terms and conditions approved by the Association (“Subsidiary Agreement”)) between the Recipient and such Project Implementing Entity, and under such other terms and conditions as shall be approved by the Association.
2. The Recipient shall exercise its rights under the Subsidiary Agreement Agreements in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Agreement Agreements or any of its their provisions. The Recipient shall ensure that the Project is carried out in accordance with the provisions of the Anti-Corruption Guidelines.
Appears in 2 contracts
Samples: Financing Agreement, Financing Agreement
Subsidiary Agreement. 1. To facilitate the carrying out of the Project Implementing Entity’s Respective Part of the Project, as of the Channeling Modification Date, the Recipient shall make part of the proceeds of the Financing available to the Project Implementing Entity on a non-refundable basis under a subsidiary agreement between the Recipient represented by the Ministry of Finance, the Ministry for Regional Development and Infrastructure and the Project Implementing Entity, under terms and conditions approved by the Association (“Subsidiary Agreement”).
2. The Recipient shall exercise its rights under the Subsidiary Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Agreement or any of its provisions.
Appears in 2 contracts
Samples: Development Credit Agreement, Development Credit Agreement
Subsidiary Agreement. 1. To facilitate the carrying out of the Project Implementing Entity’s Respective Part of the Project, the Recipient shall make the proceeds of the Financing available allocated from time to time to Category (1) available, on a grant basis, to the Project Implementing Entity on a non-refundable basis under a subsidiary agreement between the Recipient represented by the Ministry of Finance, the Ministry for Regional Development and Infrastructure and the Project Implementing Entity, under terms and conditions approved by the Association (“Subsidiary Agreement”).
2. The Recipient shall exercise its rights under the Subsidiary Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Agreement or any of its provisions.
Appears in 1 contract
Samples: Financing Agreement
Subsidiary Agreement. 1. To facilitate the carrying out of the Project, the Recipient shall make part of the proceeds of the Financing Grant allocated from time to time under the table set forth in Section III.1 of this Schedule available to the Project Implementing Entity on as a non-refundable basis grant under a subsidiary agreement between the Recipient represented by the Ministry of Finance, the Ministry for Regional Development and Infrastructure and the Project Implementing Entity, under terms and conditions approved by acceptable to the Association Association. (“Subsidiary Agreement”).
2. The Recipient shall exercise its rights under the Subsidiary Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the FinancingGrant. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate abrogate, or waive the Subsidiary Agreement or any of its provisions.
Appears in 1 contract
Samples: Financing Agreement