Common use of Subsidiary Financing Institutional and Other Arrangements Clause in Contracts

Subsidiary Financing Institutional and Other Arrangements. A. Implementation Agreements 1. To facilitate the carrying out of Part 1.A (c) of the Project, the Borrower shall enter into a separate agreement with each WUA responsible for the Selected Irrigation Subproject, under terms and conditions acceptable to the Bank (the “Subproject Implementation Agreement”), which shall provide, inter alia, the terms and conditions for the carrying out of the Selected Irrigation Subproject, in accordance with the terms of this Agreement and the Operational Manual, including the WUA’s obligations to carry out the operation, management and maintenance of the Selected Irrigation Subproject in accordance with the terms and requirements of the Operational Manual and the Borrower’s obligation to procure the goods, works and services for the execution of the Selected Irrigation Subproject in accordance with the provisions of this Agreement. 2. The Borrower shall exercise its rights under each of the Subproject Implementation Agreements, in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. Except as the Bank shall otherwise agree, the Borrower shall not assign, amend, abrogate, waive or fail to enforce any of the Subproject Implementation Agreements or any provision thereof.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement