Common use of Subsidiary Agreements Clause in Contracts

Subsidiary Agreements. 1. To facilitate the carrying out of the Project, the Recipient shall make a portion of the proceeds of the Financing available to each Participating State under 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 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, abrogate or waive the Subsidiary Agreement or any of its provisions.

Subsidiary Agreements. 1. To facilitate the carrying out of the Project, the Recipient shall make a portion parts of the proceeds of the Financing available to each the Participating State States under a Subsidiary Agreement entered into subsidiary agreements 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 each 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 arrogate or waive the Subsidiary Agreement or of any of its provisions.

Subsidiary Agreements. 1. To facilitate the carrying out of the Project, the Recipient shall make a portion of the proceeds of the Financing available to each Participating State under 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 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, abrogate or waive the any Subsidiary Agreement or any of its their respective provisions.

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