Common use of Trust Fund Fee Clause in Contracts

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: (i) 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 (ii) 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 (iii) 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 (iv) 2% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 1 billion [(or equivalent)]. 9.2 Following each Calculation Date, the Bank shall deduct from the Trust Fund, and retain for its own account, the fee as set forth above. Xxxxx Xxxxxxx may not exceed the balance of uncommitted funds in the Trust Fund net of the related fee.]

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: (i) : 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 (ii) plus 4% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 50 million [(or equivalent)] equivalent and below or equal to US$ 500 million [(or equivalent)]; plus (iii) plus 3% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 500 million [(or equivalent)] equivalent and below or equal to US$ 1 billion [(or equivalent)]; plus (iv) plus 2% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 1 billion [(or equivalent)]. 9.2 . Following each Calculation Date, the Bank shall deduct from the Trust Fund, and retain for its own account, the fee as set forth above. Xxxxx Xxxxxxx Grant Amounts may not exceed the balance of uncommitted funds in the Trust Fund net of the related fee.]

Trust Fund Fee. 9.1 9.1. 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. (a) For Recipient-executed activities, 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: (i) 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 (ii) 4% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 50 million [(or equivalent)] equivalent and below or equal to US$ 500 million [(or equivalent)]; plus (iii) 3% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 500 million [(or equivalent)] equivalent and below or equal to US$ 1 billion [(or equivalent)]; plus (iv) 2% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 1 billion [(or equivalent)]. 9.2 (b) Following each Calculation Date, the Bank shall deduct from the Trust Fund, and retain for its own account, the fee as set forth above. Xxxxx Xxxxxxx may not exceed the balance of uncommitted funds in the Trust Fund net of the related fee.]

Trust Fund Fee. 9.1 9.1. 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. (a) For Recipient-executed activities, 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: (i) 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 (ii) 4% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 50 million [(or equivalent)] equivalent and below or equal to US$ 500 million [(or equivalent)]; plus (iii) 3% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 500 million [(or equivalent)] equivalent and below or equal to US$ 1 billion [(or equivalent)]; plus (iv) 2% of any portion of the Grant Amount that results in a Cumulative Grant Total above US$ 1 billion [(or equivalent)]. 9.2 (b) Following each Calculation Date, the Bank shall deduct from the Trust Fund, and retain for its own account, the fee as set forth above. Xxxxx Xxxxxxx may not exceed the balance of uncommitted funds in the Trust Fund net of the related fee.]

Trust Fund Fee. 9.1 9.1. The Bank shall calculate a fee each time funds (the “Grant AmountFunds”) from the Trust Fund become committed under a Grant AgreementAgreement 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 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 Grant TotalTotal Amount”). The calculated fee shall depend on where the Cumulative Grant Total Amount stands as the Grant Amount is Funds and Transferred Funds are added and shall be determined in accordance with the following schedule: (ia) 5% of any portion of the Grant Amount Funds and/or Transferred Funds that results in a Cumulative Grant Total Amount below or equal to US$ 50 million [(or equivalent)]; plus (iib) 4% of any portion of the Grant Amount Funds and/or Transferred Funds that results in a Cumulative Grant Total Amount above US$ 50 million [(or equivalent)] equivalent and below or equal to US$ 500 million [(or equivalent)]; plus (iiic) 3% of any portion of the Grant Amount Funds and/or Transferred Funds that results in a Cumulative Grant Total Amount above US$ 500 million [(or equivalent)] equivalent and below or equal to US$ 1 billion [(or equivalent)]; plus (ivd) 2% of any portion of the Grant Amount Funds and/or Transferred Funds that results in a Cumulative Grant Total Amount above US$ 1 billion [(or equivalent)]. 9.2 9.2. Following each Calculation Date, the Bank shall deduct from the Trust Fund, and retain for its own account, the fee as set forth above. Xxxxx Xxxxxxx Grant Funds and/or Transferred Funds may not exceed the balance of uncommitted funds in the Trust Fund net of the related fee.]