Trust Fund Fee. 9.1. The Bank shall calculate a fee each time funds (the “Grant Amount”) from the Trust Fund become committed under a Grant Agreement. Such commitment shall occur when such Grant Agreement is fully countersigned (the “Calculation Date”). The fee so calculated by the Bank shall be based on the cumulative total of funds from the Trust Fund committed under all Grant Agreements that have been fully countersigned on or prior to the Calculation Date (the “Cumulative Grant Total”). The calculated fee shall depend on where the Cumulative Grant Total stands as the Grant Amount is added and shall be determined in accordance with the following schedule:
Trust Fund Fee. 8.1. The Bank shall deduct from the Trust Fund and retain for its own account a fee equal to 12% of the amount of disbursements of Bank-executed activities.
Trust Fund Fee. The Bank shall calculate a fee each time funds from the Trust Fund become committed under a Bank Grant Agreement (the “Grant Amount”) and each time funds are transferred under the Transfer Agreement (the “Transfer Amount”). Such commitment shall occur when such Bank Grant Agreement is fully countersigned, and such transfer shall occur when the Bank transfers funds from the Trust Fund to UNODC, upon submission by UNODC of a transfer request to the Bank (the “Calculation Date”). The fee so calculated by the Bank shall be based on the cumulative total of funds from the Trust Fund committed under all Bank Grant Agreements that have been fully countersigned and funds transferred under the Transfer Agreement on or prior to the Calculation Date (the “Cumulative Total Amount”). The calculated fee shall depend on where the Cumulative Total Amount stands as the Grant Amount and the Transfer Amount are added and shall be determined in accordance with the following schedule: 5% of any portion of the Grant Amount and/or Transfer Amount that results in a Cumulative Total Amount below or equal to US$ 50 million or equivalent; plus 4% of any portion of the Grant Amount and/or Transfer Amount that results in a Cumulative Total Amount above US$ 50 million or equivalent and below or equal to US$ 500 million or equivalent; plus 3% of any portion of the Grant Amount and/or Transfer Amount that results in a Cumulative Total Amount above US$ 500 million or equivalent and below or equal to US$ 1 billion or equivalent; plus 2% of any portion of the Grant Amount and/or Transfer Amount that results in a Cumulative Total Amount above US$ 1 billion or equivalent. Following each Calculation Date, the Bank shall deduct from the trust fund account, TF072650, and retain for its own account, the fee as set forth above. Grant Amounts and/or Transfer Amounts may not exceed the balance of uncommitted funds in such account net of the related fee.”
Trust Fund Fee. 8.1. The Bank shall deduct from the Trust Fund and retain for its own account a fee equal to 12% of the amount for Bank-executed activities upon disbursement of such amounts. ANNEX 3 Governance This Annex shall be applicable to and form an integral part of all Administration Agreements between the Bank and the respective Donors.
Trust Fund Fee. 9.1. The Bank shall calculate a fee each time funds (the “Grant Funds”) from the Trust Fund become committed under a Grant Agreement and each time funds are transferred (the “Transferred Funds”) under the Transfer Agreement (as defined below). Such commitment shall occur when such Grant Agreement is fully countersigned, and such transfer shall occur when the Bank transfers funds from the Trust Fund to UNHCR upon submission by UNHCR of a transfer request to the Bank (the “Calculation Date”). The fee so calculated by the Bank shall be based on the cumulative total of funds from the Trust Fund committed under all Grant Agreements that have been fully countersigned and transferred under the Transfer Agreement on or prior to the Calculation Date (the “Cumulative Total Amount”). The calculated fee shall depend on where the Cumulative Total Amount stands as the Grant Funds and Transferred Funds are added and shall be determined in accordance with the following schedule:
Trust Fund Fee. The Bank shall calculate a fee each time funds (the “Grant Amount”) from the Trust Fund become committed under a Grant Agreement. Such commitment shall occur when such Grant Agreement is fully countersigned (the “Calculation Date”). The fee so calculated by the Bank shall be based on the cumulative total of funds from the Trust Fund committed under all Grant Agreements that have been fully countersigned on or prior to the Calculation Date (the “Cumulative Grant Total”). The calculated fee shall depend on where the Cumulative Grant Total stands as the Grant Amount is added and shall be determined in accordance with the following schedule: 5% of any portion of the Grant Amount that results in a Cumulative Grant Total below or equal to US$ 50 million or equivalent; plus 4% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 50 million or equivalent and below or equal to US$ 500 million or equivalent; plus 3% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 500 million or equivalent and below or equal to US$ 1 billion or equivalent; plus 2% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 1 billion or equivalent. Following each Calculation Date, the Bank shall deduct from the Trust Fund, and retain for its own account, the fee as set forth above. Grant Amounts may not exceed the balance of uncommitted funds in the Trust Fund net of the related fee.
