Examples of Sub-Trust in a sentence
The Recipient shall: (a) carry out the Project, or cause it to be carried out in accordance with the Project Operations Manual for the Sub-Trust; and (b) except as the Association shall otherwise agree in writing, not assign, amend, abrogate, or waive, or permit to be assigned, amended, abrogated, or waived, the Project Operations Manual for the Sub-Trust or any provision thereof in a way that, in the opinion of the Association, might materially and adversely affect the implementation of the Project.
The Recipient, through its Ministry of Finance, shall cause PMRC to adopt the Project Operations Manual for the Sub-Trust, acceptable to the Association.
To this end, the Recipient shall carry out Part 2(c) of the Project and cause the operation of the Sub-Trust to be carried out by the Project Implementing Entity in accordance with the provisions of Article V of the General Conditions, Schedule 2 to this Agreement and the Project Agreement.
In the event of a conflict between the provisions of the Project Operations Manual for the Sub-Trust and those of this Agreement, the latter shall govern.