Financial Procedures Agreement definition

Financial Procedures Agreement means an agreement to be entered into between the Trustee and any Implementing Partner or the Secretariat;

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Financial Procedures Agreement or “FPA” means the framework agreement or arrangement, as the case may be, entered into between the Trustee and an ISA, or the MPTF-O for UN ISAs, with an agreed form of FPA for all Designated MDBs (accommodating Concessionality Components and Grant Operations), an agreed framework FPA for all Designated UN Entities (accommodating only Grant Operations), and any relevant FPA amendments to accommodate Private Sector Operations.

Financial Procedures Agreement or “FPA” means the financial procedures agreement entered into between the Trustee and an IE. “Fiscal Year” means the fiscal year of the World Bank from July 1 through June 30.

Examples of Financial Procedures Agreement in a sentence

Dear Sir/Madam: Reference is made to the Financial Procedures Agreement, dated as may have been amended, between the International Bank for Reconstruction and Development, as Trustee of the Global Partnership for Education Fund (the "Trustee") and the [Name of Grant Agent], as Grant Agent (the "Agreement").
Each Implementing Entity shall be responsible for reporting to the Governing Board on the use of Trust Fund funds transferred to it and its activities carried out therewith in accordance with the respective Financial Procedures Agreement as set out in paragraph 3.3 above.
This Financial Procedures Agreement is entered into for purposes of financing Concessionality Components and, in exceptional cases, Grant Operations.
This Financial Procedures Agreement may be terminated before such date by the ISA at any time after providing the Trustee, the Coordination Unit and the Steering Committee ninety (90) days’ advance notice in writing.
This Financial Procedures Agreement shall become effective as of the date of the last signature below.

More Definitions of Financial Procedures Agreement

Financial Procedures Agreement means the financial procedures agreement between the Trustee and the Partner Agency providing for the administration, commitment and disbursement of the Fund’s resources allocated to the Partner Agency, as such agreement may be amended from time to time. “Financial Procedures Agreement” includes these Standard Provisions as applied to the Financial Procedures Agreement, and all annexes, schedules and agreements supplemental to the Financial Procedures Agreement;

Financial Procedures Agreement or “FPA” means the agreement or arrangement, as the case may be, entered into between the Trustee and an ISA for the receipt of Trust Fund funds by the ISA, both for TC-Execution and ISA-Execution.

Financial Procedures Agreement. : means a financial procedures agreement entered into between the Trustee and a Responding Agency;

Financial Procedures Agreement includes these Standard Provisions as applied to the Financial Procedures Agreement, and all annexes, schedules and agreements supplemental to the Financial Procedures Agreement;

Financial Procedures Agreement or “FPA” means the financial procedures agreement entered into between the Trustee and a SE.

Financial Procedures Agreement or “FPA” means the financial procedures agreement entered into between the Trustee and an IE.