Disbursements and Reporting. 7.1 The timing and amount of any disbursements of funds under this Agreement shall be determined by the Global Fund in its sole discretion. However, in general, the Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement.
7.2 The CCM shall, not later than 1 month after the dates set forth in the blocks labeled “End of Year 1” and “End Date” in the face sheet (each such date a “Financial Report Due Date”), provide to the Global Fund a progress update containing the following information:
(a) a financial report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year of the CCM Funding Period) and ending on the applicable Financial Report Due Date. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the period and the projected cash balance at the End Date. Expenditure reporting must include costs broken down by financial cost category (salaries, administration, meetings, consultations, communications, translation, program oversight and others) as well as by CCM functional area. Information must also be provided on CCM funding use by representatives of non-governmental constituencies on the CCM. The Global Fund may, by written notice to the CCM Funding Recipient, specify the form of the report. The CCM Funding Recipient shall explain in the report any variance between Budget and actual expenditures; and
(b) a performance report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year of the CCM Funding Period) and ending on the applicable Financial Report Due Date describing results achieved against intended targets. The Global Fund may, by written notice to the CCM Funding Recipient, specify the form of the report.
7.3 In addition to the reports mentioned in point 7.2, the Global Fund may, at its discretion, request the CCM Funding Recipient or the CCM to complete additional reports, including a CCM self-assessment questionnaire.
7.4 The CCM...
Disbursements and Reporting. 7.1 The timing and amount of any disbursements of funds under this Agreement shall be determined by the Global Fund in its sole discretion. However, in general, the Global Fund will disburse funds under this Agreement on an annual basis. The Global Fund will not disburse funds under this Agreement after the End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement.
7.2 For each tranche of the Funds committed by the Global Fund in accordance with section 4.4 of this Agreement, the Global Fund shall disburse relevant Funds through one or more cash payments taking into consideration the cash flow needs and performance of the CCM; provided, however, that notwithstanding any funding commitment that the Global Fund has made pursuant to section 4.4 or any anticipated disbursement schedule that may be included in a CCM Funding Agreement, the following conditions shall apply:
(a) any disbursement by the Global Fund under this Agreement will be subject to the determination by the Global Fund, at its sole discretion, of the availability of relevant funding;
(b) the timing and amount of each disbursement shall be determined by the Global Fund at its sole discretion taking into consideration cash flow needs and CCM performance; and
(c) no disbursement shall be made by the Global Fund unless all of the requirements specified hereunder and in the Agreement have been met or are otherwise waived by the Global Fund in writing.
7.3 Unless otherwise notified by the Global Fund, the Global Fund shall not effect or otherwise authorize any disbursement after the end of the Funding Period specified in this Agreement.
7.4 The Global Fund at its sole discretion may de-commit the whole or a part of the Funds (to the extent previously committed by the Global Fund in accordance with section 4.4 but not disbursed) upon the expiry of the Funding Period for which such Funds are made available, or as otherwise deemed appropriate by the Global Fund, at its sole discretion, during the CCM Funding Period.
7.5 The CCM shall, not later than 30 days after the end of each 12 month period of the relevant CCM Funding Period, commencing with the 12 month period following the Start Date (or such other date as may be agreed between the Global Fund and the CCM on a case-by- case basis) (each such date, a “Report Due Date”), provide to the Global ...
Disbursements and Reporting. 7.1 The Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the CCM Funding End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement. If the CCM Funding Recipient chooses to continue administrative activities in support of the CCM after the Global Fund funding available under this Agreement has been exhausted, the CCM Funding Recipient understands that the Global Fund makes no commitment beyond the amounts available under the terms of this Agreement.
7.2 The CCM Funding Recipient shall, not later than 3 months after the end of each 12 month period during the CCM Funding Period, provide to the Global Fund a financial report for such 12-month period. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the 12-month period and the projected cash balance at the CCM Funding End Date. In addition, the CCM Funding Recipient shall, no later than 3 months after the CCM Funding End Date, provide to the Global Fund a financial report for the period beginning on the date after the most recent reporting period and ending on the CCM Funding End Date. Each report provided to the Global Fund under this Section 7.2 shall explain any variance between Budget and actual expenditures.
