Contractual Arrangement. 1. To facilitate carrying out Part 1 and Part 2 of the Project, the Recipient shall: (a) maintain one or more Service Provider(s) and enter into a Service Agreement (“Service Agreement”) with the Service Provider(s), whose form and substance shall be satisfactory to the Association and in accordance with the Environment and Social Standards; (i) ensure that all Project activities to be undertaken by the Service Provider(s) under the Service Agreement(s) shall be carried out with due diligence and efficiency and in accordance with sound technical and managerial standards and practices acceptable to the Association; and (ii) exercise its rights and carry out its obligations under the Service Agreement(s) in such a manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing; and (b) not assign, amend, abrogate or waive the Service Agreement or any provision thereof, or permit to be assigned, amended, abrogated, or waived, the aforementioned, or any provision thereof (except as the Association shall otherwise agree).
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Sources: Financing Agreement, Financing Agreement