Common use of Program Institutions Clause in Contracts

Program Institutions. 1. Unless otherwise expressly agreed to by the Bank, the Borrower shall: (a) maintain, throughout the Program implementation period, within the Borrower’s regular administrative system, a Program team, with terms of reference, composition and resources satisfactory to the Bank for the implementation of the Program, responsible for, inter alia, day-to-day Program management, coordination and monitoring of the Program’s progress, and composed of representatives set forth in the Program Operational Manual (“POM”); (b) the responsibilities referred to in (a) above shall include: (i) overseeing the management and broad implementation of the Program; (ii) selecting and extending: (A) DSPV Sub-loans to DSPV Sub-borrowers for DSPV Subprojects; (B) Facility Loans to Facility Borrowers; and (C) ▇▇▇▇ Sub-loans to ▇▇▇▇ Sub-borrowers for ▇▇▇▇ Subprojects, all in compliance with the criteria and terms set forth in this Agreement and the POM, including the Facility Operational Manual; and (iii) causing DSPV and ▇▇▇▇ Sub-borrowers and Facility Borrowers to comply with the relevant terms of this Agreement and the POM, through the respective DSPV Sub-loan Agreement, ▇▇▇▇ Sub-loan Agreement, and Facility Loan Agreement, including adherence to all fiduciary, environmental and social requirements of the Program. 2. The Borrower shall, throughout the implementation of the Program, comply with the applicable prudential regulations of the Republic of Türkiye. 3. No later than sixty (60) days after the Effective Date, the Borrower shall have: (a) executed and delivered the CTF Loan Agreement; and (b) executed and delivered the ESMAP Grant Agreement.

Program Institutions. 1. Unless otherwise expressly agreed to by the Bank, the Borrower shall: (a) maintain, throughout the Program implementation period, within the Borrower’s regular administrative system, a Program team, with terms of reference, composition and resources satisfactory to the Bank for the implementation of the Program, responsible for, inter alia, day-to-day Program management, coordination and monitoring of the Program’s progress, and composed of representatives set forth in the Program Operational Manual (“POM”); (b) the responsibilities referred to in (a) above shall include: (i) overseeing the management and broad implementation of the Program; (ii) selecting and extending: (A) DSPV Sub-loans to DSPV Sub-borrowers for DSPV Subprojects; (B) Facility Loans to Facility Borrowers; and (C) ▇▇▇▇ Sub-loans to ▇▇▇▇ Sub-borrowers for ▇▇▇▇ Subprojects, all in compliance with the criteria and terms set forth in this Agreement and the POM, including the Facility Operational Manual; and (iii) causing DSPV and ▇▇▇▇ Sub-borrowers and Facility Borrowers to comply with the relevant terms of this Agreement and the POM, through the respective DSPV Sub-loan Agreement, ▇▇▇▇ Sub-loan Agreement, and Facility Loan Agreement, including adherence to all fiduciary, and environmental and social requirements of the Program. 2. The Borrower shall, throughout the implementation of the Program, comply with the applicable prudential regulations of the Republic of Türkiye. 3. No later than sixty (60) days after the Effective Date, the Borrower shall have: (a) executed and delivered the CTF Loan Agreement; and (b) executed and delivered the ESMAP Grant Agreement.