Common use of Disbursement; Cancellation; Refund Clause in Contracts

Disbursement; Cancellation; Refund. 6.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by (the “End Disbursement Date”). The Bank shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to Donor) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) of the Donor. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to the Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donor, all calculated as Holding Currency amounts.

Disbursement; Cancellation; Refund. 6.1 5.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by [insert date] (the “End Disbursement Date”). The Bank shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to DonorDonors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) Agreements of all the DonorDonors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to the each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donorall Donors, all calculated as Holding Currency amounts.

Disbursement; Cancellation; Refund. 6.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank IFC by [insert date] (the “End Disbursement Date”). The Bank IFC shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to DonorDonors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) Agreements of all the DonorDonors. Following the End Disbursement Date, the Bank IFC shall return any remaining balance of the Trust Fund to the each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donorall Donors, all calculated as Holding Currency amounts.

Disbursement; Cancellation; Refund. 6.1 5.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by July 31, 2024 (the “End Disbursement Date”). The Bank shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to DonorDonors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) Agreements of all the DonorDonors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to the each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donorall Donors, all calculated as Holding Currency amounts.

Disbursement; Cancellation; Refund. 6.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by [insert date] (the “End Disbursement Date”). The Bank shall only disburse funds deposited in the Trust Fund for the purposes of this Administration Agreement (other than returns to DonorDonors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreement(s) Agreements of all the DonorDonors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to the each Donor in the Holding Currency in the manner specified in its respective Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such Donor relative to the total funds deposited in the Trust Fund by the Donorall Donors, all calculated as Holding Currency amounts.