Common use of Co-operation and information Clause in Contracts

Co-operation and information. (a) The Beneficiary shall furnish to the Bank all such information and documents as the Bank may reasonably request in respect of the business and operations of the Beneficiary, the Consultant and the Services, including but not limited to, a copy of the Beneficiary’s Charter, a list of the owners and/or shareholders of the Beneficiary, a copy of the accounts of the Beneficiary including an up to date balance sheet for its most recent accounting period/year. (b) The Bank and the Beneficiary shall from time to time, at the request of either of them, exchange views with regard to the progress of the Services, including the benefits to be derived from such Services, the performance of the Beneficiary's obligations under the Agreement, and the performance of the Beneficiary's and the Consultant's obligations under the Consultancy Contract. (c) The Beneficiary shall promptly inform the Bank of any proposed change in the nature or scope of the Services or the business or operations of the Beneficiary and of any event or condition which might materially affect the carrying out of the Services or the carrying on of the Beneficiary's business or operations. (d) Without prejudice to the generality of the foregoing, the Beneficiary shall not make any material variation, including any decision relating to assignment and sub-contracting, to the Consultancy Contract without obtaining the prior written consent of the Bank. In any event, all variations to the Consultancy Contract shall be notified to the Bank by the Beneficiary.