Implementation of the Project. 4.01. The Implementing Entity shall be responsible for the overall management of the Project, including all financial, monitoring and reporting responsibilities. 4.02. The Implementing Entity shall ensure that the Grant is used exclusively for the purposes of the Project and shall refund to the Adaptation Fund Trust Fund, through the Trustee, any disbursements made for other purposes. Where the Board believes that the Grant has been used for purposes other than the Project, it shall inform the Implementing Entity of the reasons supporting its view and provide the Implementing Entity an opportunity to provide any explanation or justification for such use. 4.03. Any material change to the approved budget allocation for the Project (as set out in Schedule 1 to this Agreement) by the Implementing Entity, shall be communicated to the Board for its approval and shall be made in conformity with the Operational Policies and Guidelines of the Fund. “Material change” shall mean any cumulative total budget change at output-level between the revised budget and the original budget that involves thirty per cent (30%) or more of the total budget of the Project.
Appears in 13 contracts
Samples: Project Scale Up Grant Agreement, Learning Grant Agreement, Technical Assistance Agreement
