Financial and Operational Arrangements Sample Clauses

Financial and Operational Arrangements. 1. The Project Budget for the proposed activities submitted by the Implementing Partner requests resources (hereinafter referred to as “the Fund”) up to the maximum amount of [US$ Total Project Budget Amount] for the duration of the Agreement. 2. Funding to support this project will be released to the Implementing Partner in installments as follows: a first installment of [US$ 80% of Total Project Budget Amount] will be released within 10 working days following the receipt of the signed Agreement by OCHA Administrative Service Branch (ASB). Any subsequent instalments will be released when substantive and financial reports and other agreed upon documentation, as referenced in Articles IX and X, below, have been submitted to and accepted by OCHA as showing satisfactory management and use of the Fund. Such additional funding is not guaranteed under the terms of this agreement. 3. All instalments to be released under the present Agreement shall be made to the following bank and account: 4. Interest will be apportioned annually to the undisbursed balance of funds which have been received in accordance with paragraph 2 above. The Implementing Partner shall keep at the UN’s disposal any interest accrued on the undisbursed balance of funds received according to paragraph 2 above. Its use will be subject to OCHA approval. 5. The Implementing Partner shall be authorized to make variations not exceeding fifteen (15) per cent on any one budget category of the Project Budget, provided that the total Project Budget allocated by OCHA is not exceeded. Any variations exceeding fifteen (15) per cent on any one budget category that may be necessary for the proper and successful implementation of the Project shall be subject to prior consultations with and approval in writing by OCHA. OCHA shall not be liable for any expenditure incurred in excess of its contribution as specified in this Agreement. 6. Any portion of the Fund that is unspent, as well as any unused interest accrued on the undisbursed balance of funds received according to paragraph 2 above, shall be returned to OCHA within thirty (30) days after the submission of the final financial report. 7. In the event that the Implementing Partner receives additional funding for the same purpose in the country(ies) where the Project takes place from any source other than OCHA, the Implementing Partner shall immediately advise OCHA of the following: source of funding; amount of funding; activities covered by the additional ...
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Financial and Operational Arrangements. 1. In accordance with the Project Budget, UNDP has allocated and will make available to the NGO funds up to the maximum amount of 930,000 USD. The first installment based on the first Quarterly Workplan will be advanced to the NGO through the Payment Request for Advance of Funds, following the signature of the present Agreement. The second and subsequent instalments will be advanced to the NGO quarterly, when a financial report and other agreed-upon documentation, as referenced in Article X, below, for the activities completed have been submitted to and accepted by UNDP as showing satisfactory management and use of UNDP resources. 2. The NGO agrees to utilize the funds and any supplies and equipment provided by UNDP in strict accordance with the Project Document. The NGO shall be authorised to make variations not exceeding 20 per cent on any one line item of the Project Budget provided that the total Budget allocated by UNDP is not exceeded. The NGO shall notify UNDP about any expected variations on the occasion of the quarterly consultations set forth in Article IV, paragraph 3, above. Any variations exceeding 20 per cent on any one- line item that may be necessary for the proper and successful implementation of the Project shall be subject to prior consultations with and approval by UNDP. 3. The NGO further agrees to return within two weeks any unused supplies made available by UNDP at the termination or end of the present Agreement or the completion of the Project. Any unspent funds shall be returned within two months of the termination of the present Agreement or the completion of the Project. 4. UNDP shall not be liable for the payment of any expenses, fees, tolls or any other financial cost not outlined in the Project Work Plan or Project Budget unless UNDP has explicitly agreed in writing to do so prior to the expenditure by the NGO.
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Financial and Operational Arrangements. 1. The Activity budget for the proposed activities submitted by [Recipient] requests resources (hereinafter ‘the Fund’) up to the maximum amount of US$ for the duration of the Agreement. 2. Funding to support the Activity will be released to [Recipient] in _ instalments as follows: US$ _ upon signature of the agreement and US$ _ upon receipt and acceptance of final performance report and deliverables. A description of the activities of grant is attached as Annex A. The breakdown of the budget supporting the activities is attached as Annex B. 3. The payment to be released under the present Agreement shall be made to the following bank and account: Banking Institution: Account Name: Account Number: [ ] [ ] [ ] SWIFT: [ ] IBAN Code: [ ] Address Bank: [ ] 4. UNODC shall not be liable for any expenditure incurred in excess of its contribution as specified in this Agreement. 5. Any portion of the Fund that is unspent shall be returned to UNODC within thirty (30) days of the expiration or termination of the present Agreement or the completion of the Activity, whichever is first to occur. 6. In the event that [Recipient] receives additional funding for the same Activity, [Recipient] shall immediately advise UNODC of the following: source of funding; amount of funding; activities covered by the additional funding or intended application of the additional funds; and period that the additional funding is intended to cover (i.e. start and end dates of the funding if applicable).
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Financial and Operational Arrangements. 1. The Activity budget for the proposed activities submitted by the Recipient requests resources (hereinafter ‘the Fund’) up to the maximum amount of US$ for the duration of the Agreement. 2. Funding to support the Activity will be released to the Recipient in instalments as per Annex A. The breakdown of the budget is attached as Annex B. 3. The payment to be released under the present Agreement shall be made to the bank and account as specified in Annex A. 4. UNODC shall not be liable for any expenditure incurred in excess of its contribution as specified in this Agreement. 5. Any portion of the Fund that is unspent shall be returned to UNODC within thirty (30) days of the expiration or termination of the present Agreement or the completion of the Activity, whichever is first to occur.
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Financial and Operational Arrangements. 1. The Activity budget for the proposed activities submitted by VP requests resources hereinafter ‘the Fund’ up to the maximum amount of USD$ 40 000 for the duration of the Agreement. 2. Funding to support the Activity will be released to VP in two (2) instalments as follows: Fifty per cent (50%) upon signature of the agreement and the second instalment once VP provides a narrative and financial report certifying that the amount provided under this Grant Agreement signed with UNODC has been entirely disbursed as agreed and UNODC is satisfied with the progress of implementation based on the narrative report. A description of the activities of grant is attached as Annex A (part I and part II). The breakdown of the budget supporting the activities is attached as Xxxxx X. 3. The payment to be released under the present Agreement shall be made to the following bank and account: 4. UNODC shall not be liable for any expenditure incurred in excess of its contribution as specified in this Agreement. 5. Any portion of the Fund that is unspent shall be returned to UNODC within thirty (30) days of the expiration or termination of the present Agreement or the completion of the Activity, whichever is first to occur. 6. In the event that VP receives additional funding for the same Activity, VP shall immediately advise UNODC of the following: source of funding; amount of funding; activities covered by the additional funding or intended application of the additional funds; and period that the additional funding is intended to cover (i.e. start and end dates of the funding if applicable).
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Financial and Operational Arrangements. 1. The Project Budget for the proposed activities submitted by the Implementing Partner requests resources (hereinafter referred to as “the Grant”) up to the maximum amount of US$ [Total project budget amount] for the duration of the Agreement. The Parties shall expeditiously meet and confer with respect to any necessary revisions to the amount of the Grant with any amendments to this Agreement to be undertaken by the Parties in accordance with Article XIX. 2. The Implementing Partner shall utilize OCHA’s Grant towards the costs of implementing the Project in accordance with the Project Proposal and Budget (Annex A). OCHA shall not be liable for the payment of any expenses, fees, tolls, or any other financial cost not outlined in the Project Proposal and Budget (Annex A), unless OCHA has explicitly and formally accepted such liability prior to the expenditure by the Implementing Partner. OCHA shall not be liable for any expenditure or obligations made before the start date of implementation or after the end date specified in Article I of this Agreement. or in excess of the authorized Project Budget amount. Such expenditure or obligations are ineligible. The Implementing Partner shall be able to incur expenditure and obligations for the Project as of the start date of implementation specified in Article I of this Agreement. The Parties shall expeditiously meet and confer with respect to any necessary revisions to the Project Budget with any amendments to this Agreement to be undertaken by the Parties in accordance with Article XIX. 3. Funding to support this project will be released to the Implementing Partner in [number (up to X)] instalments as follows: as a first instalment of [XX% of Total Project Budget Amount], a second instalment of [XX% of Total Project Budget Amount] and a third / last instalment of [XX% of Total Project Budget Amount]. The first instalment will be released within 10 working days following the signature of the Agreement by the Parties. Any subsequent instalments will be released when interim financial statements, as referenced in Articles IX and X, below, have been submitted to and accepted by OCHA as showing satisfactory management and use of the Grant. The Parties shall expeditiously meet and confer with respect to any necessary revisions to the above instalments with any amendments to this Agreement to be undertaken by the Parties in accordance with Article XIX. 4. To ensure that all transactions related to the OCHA Grant remain...
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Financial and Operational Arrangements. This amendment adjusts the line items without increasing the previously approved total budget. These adjustments are reflected in the Annex A attached with this amendment. This amendment adjusts the line items, along with increasing the previously approved total budget. These adjustments are reflected in the Annex A attached with this amendment. Budget increase: This amendment increases the total approved budget from the previous amount of US$ [#####] to US$ [#####], which is an increase of US$ [#####] from earlier approved budget as per Article 1 of the Grant Agreement. New approved budget is attached to this amendment document (Annex A). The Project Budget for the proposed activities submitted by the Implementing Partner requests resources (hereinafter referred to as “the Grant”) up to the maximum amount of US$ [#####] for the duration of the Agreement. The Implementing Partner shall utilise OCHA’s Grant towards the costs of implementing the Project in accordance with the Project proposal and budget (Annex A). OCHA shall not be liable for the payment of any expenses, fees, tolls, or any other financial cost not outlined in the Project proposal and budget (Annex A), unless OCHA has explicitly and formally accepted such liability prior to the expenditure by the Implementing Partner. OCHA shall not be liable for any expenditure or obligations made before the date of Implementing Partner’s signature of the Grant Agreement, or after the end date of the Grant Agreement, or in excess of the authorised project budget amount. Expenditure and obligations are eligible from the start to date to the end date of the project stated at Article I of the present amendment. Additional Funds will be released to the Implementing Partner in # instalment of US$ [#####].
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Financial and Operational Arrangements. 1. The Activity budget for the proposed activities submitted by [Recipient] requests resources (hereinafter ‘the Fund’) up to the maximum amount of US$ [amount in letters and in numbers] for the duration of the Agreement. 2. Funding to support the Activity will be released to [Recipient] in [number] instalments as follows: US$ [amount in letters and numbers] upon signature of the agreement and US$ [amount in letters and numbers] upon receipt and acceptance of interim performance report and deliverables. A description of the activities of the grant is attached as Xxxxx X. The breakdown of the budget supporting the activities is attached as Xxxxx X. 3. The payment to be released under the present Agreement shall be made to the bank and account detailed in Annex C. 4. [Recipient] shall be authorized to make variations not exceeding ten (10) per cent on any sub-heading of the Project Budget provided that the total budget allocated by UNODC is not exceeded. Any variations exceeding ten (10) per cent on any budget sub-heading that may be necessary for the proper and successful implementation of the Project shall be subject to prior consultation with and written approval by UNODC. 5. UNODC shall not be liable for any expenditure incurred in excess of its contribution as specified in this Agreement. 6. Any portion of the Fund that is unspent shall be returned to UNODC within thirty (30) days of the expiration or termination of the present Agreement or the completion of the Activity, whichever is first to occur. 7. In the event that [Recipient] receives additional funding for the same Activity, [Recipient] shall immediately advise UNODC of the following: source of funding; amount of funding; activities covered by the additional funding or intended application of the additional funds; and period that the additional funding is intended to cover (i.e. start and end dates of the funding if applicable).
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Financial and Operational Arrangements. 1. In accordance with the budget as detailed in the TOR, ESCAP has allocated and shall make available to the Partner Institution funds in United States Dollars [or local currency: name of currency] up to the maximum of US$ [or currency] [amount in numbers] ([amount in letters]) (hereinafter referred to as the “Funds”). 2. ESCAP shall make payments upon satisfactory performance of the Project activities described in the TOR and submission by the Partner Institution and acceptance by ESCAP of agreed upon documentation showing satisfactory management and use of the Funds. 3. The Funds will be paid by bank transfer as follows: Bank Account Title: Bank Account Number: [insert details] Bank Name: Bank Address: Currency: [Alternative: The Funds shall be paid by cheque in United States Dollars in the name of [Insert Name of Partner Institution]. [Alternative: The Funds will be paid through UNDP [insert country office] by bank transfer as follows: Bank Account Title:
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Related to Financial and Operational Arrangements

  • Contractual and Operational Compliance Audits (a) ICANN may from time to time (not to exceed twice per calendar year) conduct, or engage a third party to conduct, contractual compliance audits to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. Such audits shall be tailored to achieve the purpose of assessing compliance, and ICANN will (a) give reasonable advance notice of any such audit, which notice shall specify in reasonable detail the categories of documents, data and other information requested by ICANN, and (b) use commercially reasonable efforts to conduct such audit during regular business hours and in such a manner as to not unreasonably disrupt the operations of Registry Operator. As part of such audit and upon request by ICANN, Registry Operator shall timely provide all responsive documents, data and any other information reasonably necessary to demonstrate Registry Operator’s compliance with this Agreement. Upon no less than ten (10) calendar days notice (unless otherwise agreed to by Registry Operator), ICANN may, as part of any contractual compliance audit, conduct site visits during regular business hours to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. ICANN will treat any information obtained in connection with such audits that is appropriately marked as confidential (as required by Section 7.15) as Confidential Information of Registry Operator in accordance with Section 7.15.

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Management and Operation 6.01 Management of Partnership Affairs 16 6.02 Duties and Obligations of General Partner 17 6.03 Release and Indemnification 17 6.04 Power of Attorney 18

  • Communications and Operations Management a. Network Penetration Testing - DST shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. DST shall have a process to review and evaluate high risk findings resulting from this testing.

  • Management and Operation of Business Section 7.1 Management 47 Section 7.2 Certificate of Limited Partnership 48 Section 7.3 Restrictions on Managing General Partner’s Authority 49 Section 7.4 Reimbursement of the Managing General Partner 49 Section 7.5 Outside Activities 50 Section 7.6 Loans from the Managing General Partner; Loans or Contributions from the Partnership; Contracts with Affiliates; Certain Restrictions on the Managing General Partner 51 Section 7.7 Indemnification 53 Section 7.8 Liability of Indemnitees 54 Section 7.9 Resolution of Conflicts of Interest 55 Section 7.10 Other Matters Concerning the Managing General Partner 57 Section 7.11 Purchase or Sale of Partnership Securities 57 Section 7.12 Registration Rights of the Managing General Partner and its Affiliates 57 Section 7.13 Reliance by Third Parties 59

  • LABOUR MANAGEMENT RELATIONS 9:01 No employee or group of employees shall undertake to represent the Union at meetings with the Employer without the proper authorization of the Union. The Employer shall not meet with any employee or group of employees undertaking to represent the Union without the proper authorization of the Union. In representing an employee or group of employees, a representative of the Union shall be the spokesperson. In order that this may be carried out, the Union shall supply the Employer with the names of its Officers and representatives. Likewise the Employer shall supply the Union with a list of its Designated Authorities and Chairs where the Chair is not the Designated Authority. Neither the Union nor the Employer shall be required to recognize such representatives until written notification has been received. 9:02 The Union and the Employer acknowledge the mutual benefit of joint consultation and agree, therefore, that there shall be a joint labour/management committee consisting of three (3) representatives from and selected by each party. There shall be one (1) regularly scheduled Labour/Management Committee meeting in each four (4) month term or semester (January to April, May to August, September to December). In addition, meetings shall be arranged at the request of either party through the Labour Relations Department, by submitting in writing the topics to be discussed. Such meetings shall take place, at a mutually-agreeable time, within ten (10) working days of the receipt of the request for the meeting. Meetings shall not be used to discuss matters which are the subject of a grievance nor to discuss any matters which are, at the time, the subject of collective bargaining. The committee shall function in an advisory capacity only, making recommendations to the Union and/or the Employer with respect to its discussions and conclusions, and shall not have the power to add to or modify the terms of this agreement. A representative of each party shall be designated Co-Chairperson, and the two persons so designated shall alternate in presiding over meetings.

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Financial Impact The school anticipates that the requested waivers will have no financial impact on Denver Public Schools or the school. How the Impact of the Waivers Will be Evaluated: Since this area has a critical impact on the performance of the entire school, the impact of this waiver will be measured by the same performance criteria and assessments that apply to the school, as set forth in this Charter School Agreement.

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