COMPACT ANNEXES; AMENDMENTS; GOVERNING LAW 13 Clause Samples

COMPACT ANNEXES; AMENDMENTS; GOVERNING LAW 13. Section 6.1 Annexes 13 Section 6.2 Amendments and Modifications 13 Section 6.3 Inconsistencies 14 Section 6.4 Governing Law 14 Section 6.5 Additional Instruments 14 Section 6.6 References to MCC Website 14 Section 6.7 References to Laws, Regulations, Policies and Guidelines; References to Compact Expiration and Termination; Government Successors 14 Section 6.8 MCC Status 15 Section 7.1 Domestic Procedures 15 Section 7.2 Conditions Precedent to Entry into Force 15 Section 7.3 Date of Entry into Force 16 Section 7.4 Compact Term 16 Section 7.5 Provisional Application 16 Annex I PROGRAM DESCRIPTION Annex II MULTI-YEAR FINANCIAL PLAN SUMMARY Annex III COMPACT MONITORING & EVALUATION SUMMARY Annex IV CONDITIONS PRECEDENT TO DISBURSEMENT OF COMPACT FACILITATION FUNDING Annex V ACRONYMS & DEFINITIONS Annex VI TAX EXEMPTION MECHANISMS Annex VII ADDITIONAL CONDITIONS PRECEDENT TO ENTRY INTO FORCE This MILLENNIUM CHALLENGE COMPACT (this “Compact”) is between the United States of America, acting through the Millennium Challenge Corporation, a United States government corporation (“MCC”), and the Kingdom of Lesotho, acting through the Ministry of Foreign Affairs and International Relations (the “Government”) (individually, a “Party” and collectively, the “Parties”). As used in this Compact, the terms listed in Annex V shall have the respective meanings provided therein. Recalling that the Parties successfully concluded an initial Millennium Challenge Compact (which entered into force on September 17, 2008, and expired by its terms on September 17, 2013) that advanced the progress of Lesotho in achieving lasting economic growth and poverty reduction, demonstrated the strong partnership between the Parties, and was implemented in accordance with MCC’s core policies and standards; Recognizing that the Parties are committed to the shared goals of promoting economic growth and the elimination of extreme poverty in Lesotho and that MCC assistance under this Compact supports Lesotho’s demonstrated commitment to strengthening good governance, economic freedom and investments in people; Recalling that the Government consulted with the private sector and civil society of Lesotho to determine the priorities for the use of MCC assistance and developed and submitted to MCC a proposal for such assistance to achieve lasting economic growth and poverty reduction; and Recognizing that MCC wishes to help Lesotho implement the program described herein to achieve the goal and objectives ...