ER Program Implementation; Receipt and Use of ERPA Payments Sample Clauses

ER Program Implementation; Receipt and Use of ERPA Payments. ‌ (a) The Indonesian Environmental Fund Management Agency (BLU-BPDLH) (“ERPA Payment Recipient Entity”) shall receive Periodic Payments and Advance Payments (together referred to as “ERPA Payments”) under this Agreement on behalf of the Program Entity. After receiving ERPA Payments, the ERPA Payment Recipient Entity shall transfer all of such ERPA Payments to eligible Beneficiaries over time in accordance with the Benefit Sharing Plan. The responsibilities of the ERPA Recipient Entity under this Agreement shall be limited to its role as the ERPA Payment Recipient Entity, its responsibilities related to the receipt of ERPA Payments, transferring such ERPA Payments to eligible Beneficiaries under the Benefit Sharing Plan, and the financial monitoring over the use of ERPA payments by the eligible Beneficiaries in accordance with the Benefit Sharing Plan. (b) The Trustee shall be deemed to have fulfilled its respective payment obligation towards the Program Entity under this Agreement once it has made ERPA Payments to the ERPA Payment Recipient Entity. The Program Entity, represented by MoEF, agrees that when serving as Trustee and to the extent it follows the instructions given by the Program Entity, through MoEF, the IBRD in its individual capacity and as Trustee shall not, under any circumstances, be liable for any direct or indirect loss or damage whatsoever caused to the Program Entity or the ERPA Payment Recipient Entity as a result of making the ERPA Payments to the ERPA Payment Recipient Entity. (c) For the avoidance of doubt, despite the delegation of certain responsibilities of the Program Entity under this Agreement to the ERPA Payment Recipient Entity as set out in Section 4.05(a), the Program Entity shall remain fully responsible and accountable under this Agreement for the way the ERPA Payment Recipient Entity carries out its delegated responsibilities on behalf of the Program Entity. In particular, in the event that the ERPA Payment Recipient Entity fails to observe, implement or meet all requirements contained in the Benefit Sharing Plan and Safeguards Plans provided for under this Agreement (including any feedback and grievance redress mechanism provided for under the ER Program, the Benefit Sharing Plan and/or any Safeguards Plan), such failure shall constitute an event of default by the Program Entity (Event of Default) under Section 16.01(a)(vii) of the General Conditions.
Sample 1
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Related to ER Program Implementation; Receipt and Use of ERPA Payments

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