Resources of the Fund Sample Clauses

Resources of the Fund. The resources of the Fund shall consist of:
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Resources of the Fund. 1. The Resources of the Fund shall consist of the capital subscribed, the reserves and loan funds raised by the Fund through the issuance of bonds or credit facilities obtained from public and private Arab institutions or from private individuals or international institutions.
Resources of the Fund. Section 5.1 The initial amount of the Fund constituted under this Agreement shall be equivalent to fifty million naira (N. 50,000,000) and shall be payable, in freely convertible currency/currencies in two equal instalments, the first to be paid within 30 days after the coming into force of this Agreement and the second within 60 days thereafter. The equivalent of such currency/currencies in terms of Naira shall be as determined by the Central Bank of Nigeria as of the dates of such payments.

Related to Resources of the Fund

  • Professional Development Funds 23.1.1 Two Professional Development Funds, a Professional Development Support Fund and an Education Leave Fund, shall be established to support professional development activities as defined in 23.2. On April 1st of each year, the College will allocate an amount equal to no less than 0.9% of total faculty salary (exclusive of severance payments) to the Professional Development Support Fund, and an amount equal to no less than 0.6% of total faculty salary to the Educational Leave Fund. Any unused balances in these funds shall carry over to the next budget year.

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