Common use of Subsidiary Agreements Clause in Contracts

Subsidiary Agreements. 1. To facilitate the carrying out of the Project, the Recipient shall make parts of the proceeds of the Financing available to the Participating States under subsidiary agreements between the Recipient and Participating State, under terms and conditions approved by the Association. 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, arrogate or waive the Subsidiary Agreement of any of its provisions.

Subsidiary Agreements. 1. To facilitate the carrying out of the Project, the Recipient shall make parts a portion of the proceeds of the Financing available to the each Participating States State under subsidiary agreements a Subsidiary Agreement entered into between the Recipient and the Participating State, under terms and conditions which shall have been approved by the Association. 2. The Recipient shall exercise its rights under the each 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, arrogate abrogate or waive the Subsidiary Agreement of or any of its provisions.

Subsidiary Agreements. 1. To facilitate the carrying out of the Project, the Recipient shall make parts of the proceeds of the Financing available to the Participating States under subsidiary agreements Subsidiary Agreements between the Recipient and Participating StateStates, under terms and conditions which shall have been approved by the Association. 2. The Recipient shall exercise its rights under the Subsidiary Agreement in such a 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, arrogate or waive the Subsidiary Agreement of or any of its provisions.

Subsidiary Agreements. 1. To facilitate the carrying out of the Project, the Recipient shall make parts a portion of the proceeds of the Financing available to the each Participating States State under subsidiary agreements a Subsidiary Agreement entered into between the Recipient and the Participating State, under terms and conditions which shall have been approved by the Association. 2. The Recipient shall exercise its rights under the each 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, arrogate abrogate or waive the any Subsidiary Agreement of or any of its their respective provisions.