Common use of Disbursement; Cancellation; Withholding of Payments Clause in Contracts

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30, 2022 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 2 contracts

Samples: Administration Agreement, Administration Agreement

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Disbursement; Cancellation; Withholding of Payments. 5.1. 5.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30, 2022 [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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 2 contracts

Samples: Administration Agreement, Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30October 31, 2022 2028 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30January 31, 2022 2023 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April June 30, 2022 2028 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. 5.1 It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30, 2022 2023 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30December 31, 2022 2030 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: documents1.worldbank.org

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30, 2022 2028 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30December 31, 2022 2025 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: devflow.northeurope.cloudapp.azure.com

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30, 2022 2026 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

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Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30December 31, 2022 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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30October 31, 2022 2027 (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 Donorsthe Donor) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements Agreement of all the DonorsDonor. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to each the Donor in the Holding Currency in the manner specified in its respective this Administration Agreement on a pro rata basis with regard to the total funds deposited in the Trust Fund by such the Donor relative to the total funds deposited in the Trust Fund by all Donorsthe Donor, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30, 2022 2028 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30December 31, 2022 2027 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

Disbursement; Cancellation; Withholding of Payments. 5.1. It is expected that the funds deposited in the Trust Fund will be fully disbursed by the Bank by April 30December 31, 2022 2023 (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 Donors) after such date to the extent such date is changed in accordance with amendments made to the Administration Agreements of all the Donors. Following the End Disbursement Date, the Bank shall return any remaining balance of the Trust Fund to 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 all Donors, all calculated as Holding Currency amounts.

Appears in 1 contract

Samples: Administration Agreement

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