Common use of Program Institutions Clause in Contracts

Program Institutions. (a) Without limitation upon the generality of Part A of this Section I, unless otherwise expressly agreed to by the World Bank, the Borrower shall: (i) 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 World 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”); (ii) the responsibilities referred to in paragraph (i) above shall include: (A) overseeing the management and broad implementation of the Program; (B) selecting and extending ▇▇▇▇ Sub-loans to ▇▇▇▇ Sub-borrowers for ▇▇▇▇ Subprojects, all in compliance with the criteria and terms set forth in this Agreement and the POM; and (C) causing ▇▇▇▇ Sub-borrowers to comply with the relevant terms of this Agreement and the POM, through the ▇▇▇▇ Sub-loan Agreements, including adherence to all fiduciary, environmental and social requirements under of the Program. (b) The Borrower shall, throughout the implementation of the Program, comply with the applicable prudential regulations of the Guarantor.

Program Institutions. (a) Without limitation upon the generality of Part A of this Section I, unless otherwise expressly agreed to by the World Bank, the Borrower shall: (i) 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 World 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”); (ii) the responsibilities referred to in paragraph (i) above shall include: (A) overseeing the management and broad implementation of the Program; (B) selecting and extending ▇▇▇▇ BESS Sub-loans to ▇▇▇▇ BESS Sub-borrowers for ▇▇▇▇ BESS Subprojects, all in compliance with the criteria and terms set forth in this Agreement and the POM; and (C) causing ▇▇▇▇ Sub-borrowers to comply with the relevant terms of this Agreement and the POM, through the ▇▇▇▇ BESS Sub-loan Agreements, including adherence to all fiduciary, environmental and social requirements under of the Program. (b) The Borrower shall, throughout the implementation of the Program, comply with the applicable prudential regulations of the Guarantor.