Utilization of the Contribution. 1. The implementation of the responsibilities of UNDP and of the Implementing Partner pursuant to this Agreement and the Project document shall be dependent on receipt by UNDP of the Contribution in accordance with the schedule of payment as set out in Article I, paragraph 1, above. UNDP shall not start the implementation of the activities prior to receiving the Contribution or the first tranche of the Contribution (whichever is applicable).
2. If unforeseen increases in expenditures or commitments are expected or realized (whether owing to inflationary factors, fluctuation in exchange rates or unforeseen contingencies), UNDP shall submit to the Donor on a timely basis a supplementary estimate showing the further financing that will be necessary. The Donor shall use its best endeavours to make available to UNDP the additional funds required.
3. If the payments referred to in Article I, paragraph 1, above are not received in accordance with the payment schedule, or if the additional financing required in accordance with paragraph 2 above is not forthcoming from the Donor or other sources, the assistance to be provided to the Project under this Agreement may be reduced, suspended or terminated by UNDP.
4. Any interest income attributable to the Contribution shall be credited to UNDP Account, retained by UNDP and shall be utilized in accordance with established UNDP procedures.
Utilization of the Contribution. 1. The Contribution shall be used for the financing of Projects and can take any of the following forms:
a) Financial assistance including grants, credit lines, guarantee schemes, equity participations, loans and technical assistance
b) Block Grants
c) Project Preparation Facility
Utilization of the Contribution. 1. The implementation of the responsibilities of UNDP and of the Implementing Partner pursuant to this Agreement and the project document shall be dependent on receipt by UNDP of the contribution in accordance with the schedule of payment as set out in Article I, Paragraph 1, above.
2. If unforeseen increases in expenditures or commitments are expected or realized (whether owing to inflationary factors, fluctuation in exchange rates or unforeseen contingencies), UNDP shall submit to the Donor on a timely basis a supplementary estimate showing the further financing that will be necessary. The Donor shall use its best endeavours to obtain the additional funds required.
3. If the payments referred to in Article I, paragraph 1, above are not received in accordance with the payment schedule, or if the additional financing required in accordance with Paragraph 2 above is not forthcoming from the Donor or other sources, the assistance to be provided to the project under this Agreement may be reduced, suspended or terminated by UNDP.
4. Any interest revenue attributable to the Contribution shall be credited to UNDP Account, retained by UNDP and shall be utilized in accordance with established UNDP procedures.
Utilization of the Contribution. 1. The implementation of the responsibilities of UNDP pursuant to this Agreement and the Implementation Plan shall be dependent on receipt by UNDP of the contribution in accordance with the schedule of payment as set out in Article I, Paragraph 1, above.
2. If the payments referred to in Article I, paragraph 1, above are not received in accordance with the payment schedule, the assistance to be provided to the project under this Agreement may be reduced, suspended or terminated by UNDP.
3. Any interest revenue attributable to the Contribution shall be credited to UNDP Account, retained by UNDP and shall be utilized in accordance with established UNDP procedures.
Utilization of the Contribution. 1. The implementation of the responsibilities of UNEP shall be dependent on receipt by UNEP of the contribution in accordance with the schedule of payment as set out in Article I, paragraph 1, above.
2. If unforeseen increases in expenditures or commitments are expected or realized (whether owing to inflationary factors, fluctuation in exchange rates or unforeseen contingencies), UNEP shall submit to the Donor on a timely basis a supplementary estimate showing the further financing that will be necessary. The Donor shall use its best endeavors to obtain the additional funds required.
3. If the payments referred to in Article I, paragraph 1, above are not received in accordance with the payment schedule, or if the additional financing required in accordance with paragraph 2 above is not forthcoming from the Donor or other sources, the activities to be implemented under this agreement may be reduced or suspended by UNEP accordingly.
4. Any interest income attributable to the contribution shall be credited to UNEP Account and shall be utilized in accordance with established UNEP procedures.
Utilization of the Contribution ix) 4.1 The amount of funds mobilized by UNF for the AF shall be reviewed on a quarterly basis with the intent to inform AFB of the level of available funds.
xi) 4.2 The use of funds transferred by UNF under this Framework Agreement and the Donation Agreement (as defined below) shall be subject to the conditions set forth in this Framework Agreement, the relevant Grant Agreement, the applicable AF’s rules and regulations and UNF’s grantmaking policies and procedures.
xiii) 4.3 As AF resources are held in a trust account with the Trustee, UNF agrees to enter into a separate agreement (the “Donation Agreement”) with the Trustee, governing the transfer of grant funds from the UNF to the Trustee in support of the activities described in the Grant Agreement. Any interest earned on grant funds received from UNF shall accrue to the AF’s general pool of funds to support the AF’s mission and shall not be accounted for as UNF grants.
xv) 4.4 Until such time as funds are transferred from UNF to the Trustee in accordance with the Donation Agreement and for the purposes of supporting the activities described in the Grant Agreement, discretion and control of the funds shall reside with UNF. Any interest accrued on the funds before they are transferred to the Trustee shall be collected by UNF to defray additional transaction costs over and above the 13% fee referred to in Article 5.3 hereof. UNF shall have no obligation of any nature to raise a minimum amount of funds for the AF by virtue of this Framework Agreement.
xvii) 4.5 AFB shall be fully responsible for the achievements of all outcomes and outputs and for the implementation of all activities receiving funding through UNF hereunder.
Utilization of the Contribution. 1. 1. The implementation of the responsibilities of UNDP and of the Executing Agency pursuant to this Agreement and the project document shall be dependent on receipt by UNDP of the contribution in accordance with the schedule of payment as set out in Article I, paragraph 1, above.
Utilization of the Contribution. 1. The implementation of the responsibilities of UNDP pursuant to this Agreement and project document shall be dependent on receipt by UNDP of the contribution in accordance with the schedule of payment as set out in Article I, Paragraph 1, above.
2. If unforeseen increases in expenditures or commitments are expected or realized (whether owing to inflationary factors, fluctuation in exchange rates or unforeseen contingencies), UNDP shall submit to the CNC on a timely basis a supplementary estimate showing the further financing that will be necessary. The CNC shall use its best endeavours to obtain the additional funds required. UNDP shall not absorb any loss (including but not limited to exchange fluctuations) under the Project. All losses (including but not limited to losses as result of currency exchange fluctuations) shall be charged to the Project.
3. If the payments referred to in Article I, paragraph 1, above are not received in accordance with the payment schedule, or if the additional financing required in accordance with Paragraph 2 above is not forthcoming from the CNC or other sources, the assistance to be provided to the project under this Agreement may be reduced, suspended or terminated by UNDP.
Utilization of the Contribution. 1. The implementation of the responsibilities of OSCDS shall be dependent on receipt by OSCDS of the Contribution in accordance with the schedule of payment as set out in Article I, paragraph 2, above.
2. If unforeseen increases in expenditures or commitments are expected or realized (whether owing to inflationary factors, fluctuation in exchange rates or unforeseen contingencies), OSCDS shall submit to the Donor on a timely basis a supplementary estimate showing the further financing that will be necessary. The Donor shall use its best endeavors to obtain the additional funds required.
3. If the payments referred to in Article I, paragraph 2, above are not received in accordance with the payment schedule, or if the additional financing required in accordance with paragraph 2 above is not forthcoming from the Donor or other sources, the activities to be implemented under this agreement may be reduced or suspended by OSCDS accordingly.
4. Any remaining balance of the Contribution and the interest accrued thereto shall, upon the termination of the Agreement as per Article XII, be returned to the Donor or, in consultation with the Donor, be reallocated to other activities of OSCDS.
Utilization of the Contribution. 1. CIHEAM Bari will start the operations provided for in this Arrangement upon receipt of a signed copy by the Parties, and no later than one month after the funds allocated from the date of the transfer of the funds, foreseen for the project, as set out in Art. I. The timeframe, as per Annex A, is nine months from the start of operations.
2. The Donor undertakes to meet the actual costs of the activities specified in the Project Document in Annex A. CIHEAM Bari undertakes not to make any commitments for activities not specified in the Project Document.
3. If CIHEAM Bari considers that changes between components and/or additional activities, not foreseen in the Project Document, are required, CIHEAM Bari will submit a revised budget to the Donor showing the required changes in inputs and/or adjusted financing that will be necessary.
