Common use of Fund Outflows Clause in Contracts

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] [amount]1 (the “Funds”) to [name of Center].2 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, and

Appears in 11 contracts

Samples: Contribution Agreement, Contribution Agreement, Contribution Agreement

AutoNDA by SimpleDocs

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from _______________ [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] _____________ [amount]1 (the “Funds”) to _____________ [name of Center].2 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to _______ [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, andand (ii) decisions about compliance with the Common Operational Framework shall be made jointly by the Consortium and the Fund Council. It is understood that the funds transferred hereunder constitute consideration for any bilateral agreements or arrangements between _______ [name of donor] and _________ [name of Center] relating to such funds. Your countersignature will authorize the Trustee to proceed with the indicated wire transfer in accordance with the confirmed or corrected transmittal information and subject to the terms stated herein. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT as Trustee of the CGIAR Fund ____________________________ [name] [title] Date: ____________________ Countersignature: [NAME OF CENTER] _____________________________ [name] [title] [organization] Date: _____________________

Appears in 11 contracts

Samples: Contribution Agreement, Contribution Agreement, Contribution Agreement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from _______________ [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] _____________ [amount]1 (the “Funds”) to _____________ [name of Center].2 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX XxxxxxxxxxWashington, XX 00000DC 20433, XXX USA Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to _______ [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, andand (ii) decisions about compliance with the Common Operational Framework shall be made jointly by the Consortium and the Fund Council. It is understood that the funds transferred hereunder constitute consideration for any bilateral agreements or arrangements between _______ [name of donor] and _________ [name of Center] relating to such funds. Your countersignature will authorize the Trustee to proceed with the indicated wire transfer in accordance with the confirmed or corrected transmittal information and subject to the terms stated herein. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT as Trustee of the CGIAR Fund ____________________________ [name] [title] Date: ____________________ Countersignature: [NAME OF CENTER] _____________________________ [name] [title] [organization] Date: _____________________

Appears in 4 contracts

Samples: Contribution Agreement, Contribution Agreement, Contribution Agreement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] [amount]1 amount]12 (the “Funds”) to [name of Center].2 Center].13 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 12 Each Transfer Agreement may be in only one Operational Currency. 2 13 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, and

Appears in 2 contracts

Samples: Contribution Agreement, Contribution Agreement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-above- referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] [amount]1 (the “Funds”) to [name of Center].2 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, andand (ii) decisions about compliance with the Common Operational Framework shall be made jointly by the Consortium and the Fund Council. It is understood that the funds transferred hereunder constitute consideration for any bilateral agreements or arrangements between [name of donor] and [name of Center] relating to such funds. Your countersignature will authorize the Trustee to proceed with the indicated wire transfer in accordance with the confirmed or corrected transmittal information and subject to the terms stated herein. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT as Trustee of the CGIAR Fund [name] [title] Date: Countersignature: [NAME OF CENTER] [name] [title] [organization] Date:

Appears in 1 contract

Samples: Contribution Agreement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from _______________ [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] _____________ [amount]1 amount]0 (the “Funds”) to _____________ [name of Center].2 Center].0 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to _______ [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, andand (ii) decisions about compliance with the Common Operational Framework shall be made jointly by the Consortium and the Fund Council. It is understood that the funds transferred hereunder constitute consideration for any bilateral agreements or arrangements between _______ [name of donor] and _________ [name of Center] relating to such funds. Your countersignature will authorize the Trustee to proceed with the indicated wire transfer in accordance with the confirmed or corrected transmittal information and subject to the terms stated herein. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT as Trustee of the CGIAR Fund ____________________________ [name] [title] Date: ____________________ Countersignature: [NAME OF CENTER] _____________________________ [name] [title] [organization] Date: _____________________

Appears in 1 contract

Samples: Contribution Agreement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] [amount]1 amount]11 (the “Funds”) to [name of Center].2 Center].12 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 11 Each Transfer Agreement may be in only one Operational Currency. 2 12 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, and

Appears in 1 contract

Samples: Contribution Arrangement

AutoNDA by SimpleDocs

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] [amount]1 (the “Funds”) to [name of Center].2 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, and

Appears in 1 contract

Samples: Contribution Agreement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from _______________ [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] _____________ [amount]1 amount]11 (the “Funds”) to _____________ [name of Center].2 Center].12 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to _______ [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, andand (ii) decisions about compliance with the Common Operational Framework shall be made jointly by the Consortium and the Fund Council. It is understood that the funds transferred hereunder constitute consideration for any bilateral agreements or arrangements between _______ [name of donor] and _________ [name of Center] relating to such funds. Your countersignature will authorize the Trustee to proceed with the indicated wire transfer in accordance with the confirmed or corrected transmittal information and subject to the terms stated herein. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT as Trustee of the CGIAR Fund ____________________________ [name] [title] Date: ____________________ Countersignature: [NAME OF CENTER] _____________________________ [name] [title] [organization] Date: _____________________

Appears in 1 contract

Samples: Contribution Arrangement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from _______________ [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] _____________ [amount]1 amount]12 (the “Funds”) to _____________ [name of Center].2 Center].13 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX Xxxxxxxxxx, XX 00000, XXX Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to _______ [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, andand (ii) decisions about compliance with the Common Operational Framework shall be made jointly by the Consortium and the Fund Council. It is understood that the funds transferred hereunder constitute consideration for any bilateral agreements or arrangements between _______ [name of donor] and _________ [name of Center] relating to such funds. Your countersignature will authorize the Trustee to proceed with the indicated wire transfer in accordance with the confirmed or corrected transmittal information and subject to the terms stated herein. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT as Trustee of the CGIAR Fund ____________________________ [name] [title] Date: ____________________ Countersignature: [NAME OF CENTER] _____________________________ [name] [title] [organization] Date: _____________________

Appears in 1 contract

Samples: Contribution Agreement

Fund Outflows. 5.1 All fund transfers undertaken by the Trustee from Windows 1 and 2 are based on on (i) allocations and releases, respectively, approved by the Fund Council; (ii) legal commitments made to the recipient through an effective Fund Use Agreement; (iii) fund transfer requests received from the recipient; and (iv) the availability of funds. In the event of (i), the Trustee enters notations indicating the approved amounts. In the event of (ii), the Trustee records commitments against available cash for amounts due to the recipient. In the event of (iii), fund transfer requests are made in an Operational Currency, provided that Euros are transferred only to the extent available in the CGIAR Fund, the remainder to be provided in United States dollars. 5.2 Without affecting the Consortium’s fiduciary, programmatic and other responsibilities, the recipient of funds from the CGIAR Fund for each CRP is the Lead Center described in the CRP. [Name and Title] [Name of Center] [Address] Dear [name]: In accordance with the instructions received from _______________ [name of donor] through its [Contribution Agreement] [Contribution Arrangement] for the above-referenced CGIAR Fund, the International Bank for Reconstruction and Development (the “Trustee”), acting as trustee for the donors contributing to the CGIAR Fund, are intending to transfer [US$] _____________ [amount]1 amount]13 (the “Funds”) to _____________ [name of Center].2 Center].14 Based on our records, this wire transfer will be made to: Account Name: […] Bank Name: […] Bank Address: […] Account Number: […] Swift Bic Code: […] IBAN […] Please confirm or correct the transmittal information provided above and return this letter to: CGIAR Trustee Director, Multilateral Trusteeship and Innovative Financing The World Bank 0000 X Xxxxxx, XX XxxxxxxxxxWashington, XX 00000DC 20433, XXX USA Tel: + 0 000 000 0000 Fax: + 0 000 000 0000 1 Each Transfer Agreement may be in only one Operational Currency. 2 This may be any of the CGIAR Centers that is a member of the Consortium according to the Consortium’s Constitution In agreeing to receive the Funds and signing below, you acknowledge and agree that the Funds shall be used only (i) to implement aspects of the Strategy and Results Framework of the CGIAR initially accepted by the Funders Forum on July 15, 2010, or such revised versions as may subsequently be approved by the Funders Forum (the “SRF”), and (ii) through application of the Common Operational Framework (as defined in the Governance Framework adopted by the Fund Council on November 2, 2010). You further acknowledge and agree that in the event the Funds are not used to implement aspects of the SRF or in accordance with the Common Operational Framework, (i) the Consortium may take whatever corrective actions it considers appropriate and within its purview; and (ii) the Trustee, in its discretion or upon instructions from the Fund Council, may withhold further fund transfers to _______ [name of Center] from the CGIAR Fund; provided that if questions of interpretation arise, (i) decisions about what constitutes activities for implementing the SRF shall be made by the Consortium in consultation with the Fund Council, andand (ii) decisions about compliance with the Common Operational Framework shall be made jointly by the Consortium and the Fund Council. It is understood that the funds transferred hereunder constitute consideration for any bilateral agreements or arrangements between _______ [name of donor] and _________ [name of Center] relating to such funds. Your countersignature will authorize the Trustee to proceed with the indicated wire transfer in accordance with the confirmed or corrected transmittal information and subject to the terms stated herein. Sincerely, INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT as Trustee of the CGIAR Fund ____________________________ [name] [title] Date: ____________________ Countersignature: [NAME OF CENTER] _____________________________ [name] [title] [organization] Date: _____________________ 1 Capitalized terms used but not defined herein are defined in the CGIAR Glossary that shall be adopted as part of the Common Operational Framework.

Appears in 1 contract

Samples: Joint Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!