Common use of Bank accounts, Payment Advances and Refunds Clause in Contracts

Bank accounts, Payment Advances and Refunds. 6.1 The Grantee shall maintain advances of UNOPS funds in dedicated and separate accounts to the Grantee’s ordinary funds. Such accounts must be interest bearing, unless:

Appears in 5 contracts

Samples: Grant Support Agreement, Grant Support Agreement, Grant Support Agreement

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Bank accounts, Payment Advances and Refunds. 6.1 9.1 The Grantee shall maintain advances of UNOPS funds in dedicated and separate ledgers where the Contribution, income and expenditure relating to this grant are identifiable and auditable. In addition, the accounts to in which advances of UNOPS funds are held by the Grantee’s ordinary funds. Such accounts must Grantee should be interest bearing, unless:

Appears in 3 contracts

Samples: Grant Support Agreement, Grant Support Agreement, Grant Support Agreement

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