Common use of Subprojects Clause in Contracts

Subprojects. For the purposes of carrying out Parts 2 (a), (b) and (c) of the Project, the Borrower, through CONAGUA, shall: (1) after having selected a Technical Assistance Subproject, an Efficiency Subproject, or an Output-based Subproject, as the case may be, in accordance with the guidelines and procedures set forth in the Operational Manual (for Technical Assistance and Efficiency Subprojects) and in the OBD Operational Manual (for Output-based Subprojects), enter into an agreement with an Eligible PWU (the Technical Assistance Subproject Agreement, the Efficiency Subproject Agreement, and the Output-based Subproject Agreement, respectively), under terms and conditions acceptable to the Bank, for the provision of Financing for the implementation of a Technical Assistance Subproject, an Efficiency Subproject or an Output-based Subproject, as the case may be; and (2) exercise its rights under each Technical Assistance Subproject Agreement, Efficiency Subproject Agreement or Output-based Subproject Agreement, as the case may be, in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan. Except as the Bank shall otherwise agree, the Borrower shall not assign, amend, abrogate, waive or fail to enforce any Technical Assistance Agreement, Efficiency Subproject Agreement, or Output-based Subproject Agreement or any provision thereof.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement