XXXX Sub-loan Agreements. (a) The Borrower shall make XXXX Sub-loans available to XXXX Sub-borrowers under XXXX Sub-loan Agreements, under reasonable terms and conditions, as specified in the POM, including requiring each said Sub-borrower to:
(i) carry out its obligations under the respective Sub-loan Agreement with due diligence and efficiency, and in accordance with sound technical, economic, financial, managerial, and environmental and social standards and practices under the Program, which has been assessed as satisfactory by the World Bank (including the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Borrower and the requirements of the POM);
(ii) provide, promptly as needed, the resources required for carrying out the respective Subproject;
(iii) ensure that the activities supported under the respective agreement are not covered by the list of Excluded Activities;
(iv) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the World Bank, the progress of the supported activities and the achievement of their objectives;
(v) enable the Borrower, the World Bank, and/or the Guarantor to inspect the supported activities and any relevant records and documents and to conduct verifications of the reported information and data of the supported activities; and
(vi) prepare and furnish to the Borrower, the World Bank, and/or the Guarantor, all such information as the Borrower, the World Bank, and/or the Guarantor, shall reasonably request relating to the foregoing; and
(b) The Borrower shall ensure that the XXXX Sub-borrowers shall not assign, amend, abrogate or waive any provision of the XXXX Sub-loan Agreement or any of the provisions thereof in a manner that (in the opinion of the World Bank) would materially and adversely affect, or is likely to materially and adversely affect, the implementation of the Program or the achievement of its objective.
