Common use of Subsidiary Agreements Clause in Contracts

Subsidiary Agreements. 1. To facilitate the carrying out and financing of Part 1 of the Project, the Borrower shall make part of the proceeds of the Loan available to the Federation under a subsidiary agreement between the Borrower and the Federation (“Federation Subsidiary Agreement”), under the same terms and conditions as the Loan, approved by the Bank and including the Anti-Corruption Guidelines, for on-lending by Federation to its Participating Utilities on terms and conditions set forth in Part D of this Section I.

Subsidiary Agreements. 1. To facilitate the carrying out and financing of Part 1 of the Project, the Borrower Recipient shall make part of the proceeds of the Loan Financing available to the Federation under a subsidiary agreement between the Borrower Recipient and the Federation (“Federation Subsidiary Agreement”), under the same terms and conditions as the LoanFinancing, approved by the Bank Association and including the Anti-Corruption Guidelines, for on-lending by Federation to its Participating Utilities on terms and conditions set forth in Part D of this Section I..