Common use of Subsidiary Loan Clause in Contracts

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

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement, Project Agreement

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