Common use of Trust Fund Fees and Costs Clause in Contracts

Trust Fund Fees and Costs. 3.1 The Bank shall deduct and retain for its own account, as a deduction from each Instalment, an amount equal to five percent (5%) per Instalment as an administrative fee for the Trust Fund.

Trust Fund Fees and Costs. 3.1 The Bank IFC shall deduct and retain for its own account, as a deduction from each Instalment, an amount equal to five percent (5%) per Instalment as an administrative fee for the Trust Fund.