Subsidiary Grant Agreement Clause Samples
A Subsidiary Grant Agreement is a contractual provision that governs the transfer of grant funds from a primary recipient to a subsidiary or sub-recipient entity. This clause outlines the terms under which the subsidiary receives and uses the funds, including compliance requirements, reporting obligations, and permitted uses of the grant. By clearly defining the responsibilities and expectations for both parties, the clause ensures proper oversight and accountability in the distribution and management of grant resources.
Subsidiary Grant Agreement. (a) The Recipient shall ensure that the Subsidiary Grant Agreement shall maintain, at all times during Project implementation, provisions to the following effect:
(i) The Recipient’s obligation to provide the proceeds of the Grant to LACE on terms and conditions satisfactory to the Association.
(ii) LACE’s obligation to carry out the Project with due diligence and efficiency, in conformity with appropriate administrative, financial, technical, environmental and social practices, under the supervision of qualified and experienced management assisted by competent staff in adequate numbers, and in accordance with the provisions of this Agreement, the Operation Manual, and the MAAFP.
(iii) LACE’s obligation to procure the goods, works and services required for the Project and to be financed out of the proceeds of the Grant, in accordance with the provisions of Section III of Schedule 2 to this Agreement, as said provisions may be further elaborated in the Procurement Plan and Operation Manual.
(iv) LACE’s obligation to implement the Project in accordance with the provisions of the ESMF and RPF, and, except as the Association shall otherwise agree, LACE shall not amend or waive, or permit to be amended or waived, any provision of the aforementioned, if such amendment or waiver may, in the opinion of the Association, materially or adversely affect Project implementation.
(v) LACE’s obligation to carry out the obligations set forth in Sections 4.04, 4.05, 4.06, 4.07, 4.08, 4.09; and 4.10 of the General Conditions (relating to insurance; land acquisition; use of goods, works and services; maintenance; plans and schedules; records, reports and documents; monitoring and evaluation; financial management; financial statements; audits; and cooperation and consultation, respectively) in respect of the Project.
(vi) LACE’s obligation to: (1) maintain a separate financial management system for the implementation of the Project; (2) prepare financial statements in accordance with consistently applied accounting standards acceptable to the Association, adequate to reflect its operations and financial condition; and (3) register separately the operations, resources and expenditures related to the Project.
(vii) LACE’s obligation to promptly inform the Recipient and the Association of any condition which interferes or threatens to interfere with the progress of the Project and the performance of its obligations under the Subsidiary Grant Agreement.
(viii) LACE’s obligation to...
Subsidiary Grant Agreement. 1. To facilitate the carrying out of certain activities under Part 1(a) of the Project by WFP, the Recipient shall make part of the proceeds of the Financing available to WFP under a subsidiary grant agreement between the Recipient and WFP, with terms and conditions satisfactory to the Association.
2. The Recipient shall exercise its rights under the Subsidiary Grant Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Grant Agreement or any of its provisions.
Subsidiary Grant Agreement. The Project Implementing Entity shall duly perform all its obligations under the Subsidiary Grant Agreement. Except as the Association shall otherwise agree, the Project Implementing Entity shall not take or concur in any action which would have the effect of amending, abrogating, assigning or waiving the Subsidiary Grant Agreement or any provision thereof.
Subsidiary Grant Agreement. Within 14 days of the Effective Date, the Recipient and TPL shall execute and deliver the Subsidiary Grant Agreement with terms and conditions acceptable to ADB.
Subsidiary Grant Agreement. (a) For the purposes of carrying out Parts 2.3 and 4.2 of the Project, the Recipient shall make the proceeds of the Financing allocated from time to time to Category (1)(c) available to CSRP on a grant basis under a subsidiary grant agreement to be entered into between the Recipient and CSRP, under terms and conditions approved by the Association (“Subsidiary Grant Agreement”).
(b) The Recipient shall exercise its rights and carry out its obligations under the Subsidiary Grant Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Grant Agreement or any of its provisions.
Subsidiary Grant Agreement. (a) The Recipient shall ensure that the Subsidiary Grant Agreement shall include, at all times during the implementation of the Activities, provisions to the following effect:
(i) the Recipient’s obligation to provide the proceeds of the Advance to MEBF on terms and conditions satisfactory to the World Bank;
(ii) MEFB’s obligation to carry out the Activities with due diligence and efficiency, in conformity with appropriate administrative, technical, environmental and social practices, under the supervision of qualified and experienced management assisted by competent staff in adequate numbers, and in accordance with the provisions of this Agreement;
(iii) MEBF’s obligation to procure the goods, non-consulting services and consultants’ services required for the Activities and to be financed out of the proceeds of the Advance, in accordance with the provisions of Section 2.07 of this Annex;
(iv) MEBF’s obligation to promptly inform the Recipient and the World Bank of any condition which interferes or threatens to interfere with the progress of the Activities and the performance of its obligations under the Subsidiary Grant Agreement; and
(v) MEBF’s obligation to neither take nor concur in any action which would have the effect of amending, abrogating, assigning or waiving the Subsidiary Grant Agreement.
(b) The Subsidiary Grant Agreement shall include a provision stipulating that in the case of conflict between the Subsidiary Grant Agreement and this Agreement, the latter shall prevail.
Subsidiary Grant Agreement. 1. To facilitate the carrying out of the Project, the Recipient shall make the proceeds of the Financing available to the Project Implementing Entity under a subsidiary grant agreement between the Recipient and the Project Implementing Entity, under terms and conditions approved by the Association.
2. The Recipient shall exercise its rights under the Subsidiary Grant Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Grant Agreement or any of its provisions.
Subsidiary Grant Agreement. 1. To facilitate the carrying out of the Project by the Project Implementing Entity, the Recipient shall make the proceeds of the Financing available to the Project Implementing Entity under an amendment, with terms and conditions approved by the Association, to the subsidiary grant agreement entered into between the Recipient and the Project Implementing Entity under the Original Project (as so amended, “Subsidiary Grant Agreement”).
2. The Recipient shall exercise its rights under the Subsidiary Grant Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Grant Agreement or any of its provisions.
Subsidiary Grant Agreement. 1. To facilitate the carrying out of the Project by the Project Implementing Entity, the Recipient shall make the proceeds of the Financing available to the Project Implementing Entity under a subsidiary grant agreement between the Recipient and the Project Implementing Entity, with terms and conditions satisfactory to the Association (“Subsidiary Grant Agreement”) which shall include the release of the Project Implementing Entity’s budget as block grants in three (3) tranches under a separate budget head in the Recipient’s budget (Red Book) to the Rural Water Supply and
Subsidiary Grant Agreement. 1. To facilitate the carrying out of the Project, the Recipient shall make the proceeds of the Grant available to the Project Implementing Entity under a Subsidiary Grant Agreement between the Recipient and the Project Implementing Entity, under terms and conditions approved by the Association, which shall include the following:
(a) the proceeds of the Grant shall be made available by the Recipient to the Project Implementing Entity on a grant basis;
(b) the Project Implementing Entity shall undertake to carry out the Project:
(i) with due diligence and efficiency and in accordance with appropriate management, financial, procurement and social standards acceptable to the Association, and provide, promptly as needed, the funds, facilities and other resources required for the purpose;
(c) the Recipient shall have the right to suspend or terminate the right of the Project Implementing Entity to the use of the proceeds of the Grant made available under the Subsidiary Grant Agreement upon failure by the Project Implementing Entity to perform its obligations thereunder; and
(d) in the event that any portion of the proceeds of the Grant provided to the Project Implementing Entity is not used for Eligible Expenditures or is otherwise used in breach of this Agreement, the Project Agreement, or the Subsidiary Grant Agreement, the Project Implementing Entity shall, upon notice from the Recipient or from the Association, refund the notified amount to the account provided in such notice.
2. The Recipient shall exercise its rights under the Subsidiary Grant Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Grant. Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Grant Agreement or any of its provisions.