Financial Procedures Memorandum definition

Financial Procedures Memorandum means a memorandum specifying the applicable procedures for the transfers of funds from the Trust Fund by the Trustee to the World Bank for Activities for which the World Bank is acting as Grant Agent.
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Financial Procedures Memorandum means a memorandum between the Trustee and IBRD setting out the financial procedures pursuant to which the Trustee makes commitments and transfers funds from the Trust Fund to units of the IBRD for each of: (i) the Operating Expenses Budget; and (ii) Activities for which the IBRD is acting as Supervising Entity or Managing Entity, under terms that do not involve Trustee responsibility post-transfer;
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Examples of Financial Procedures Memorandum in a sentence

  • Subject to paragraph 4 below and to the availability of applicable funds held in the GPE West Bank and Gaza Program Sub-Account as determined by the Trustee, the Trustee shall make commitments, transfer and/or use the Sub-Account funds for any purpose approved and in the amount allocated by the GPE Board, in accordance with the terms of the GPE Fund Governance Document, the Contribution Agreement/Arrangement, and the relevant Financial Procedures Agreement/Arrangement or Financial Procedures Memorandum.

  • The Trustee entered into a Financial Procedures Memorandum with the IBRD as Implementing Entity in August 2009 and expects to conclude agreements with the remaining MDBs in the coming months.

  • Each Grant Agent will be responsible for reporting through the Secretariat to the Board and to the Contributors on their Activities carried out with the Trust Fund funds pursuant to the GPE Fund Governance Document and the respective Financial Procedures Agreement/Arrangement or Financial Procedures Memorandum and the decisions of the Board.

  • However, further discussions with GEF Coordination Unit indicated that the GEF Program Financial Procedures Memorandum requires that any funds received by the Bank the closure of the project are to be returned to the GEF Trust Fund.

Related to Financial Procedures Memorandum

  • Process Memorandum means this document including all the appendices hereto, for the purposes of setting out the process for submission of a bid and selection of successful bid in accordance with the provisions of the IBC and shall include all supplements, modifications, amendments, alterations or clarifications there to issue in accordance with the terms hereof.

  • Handover Memorandum shall have the meaning set forth in Clause 8.2;

  • Risk Disclosure Statement means the document setting out general information in respect of the risks associated with utilising our financial products;

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Explanatory Memorandum means this explanatory memorandum.

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • Information Memorandum means the Confidential Information Memorandum dated March, 2011 relating to the Borrower and the Transactions.

  • Financial Information shall have the meaning set forth in Section 3.3.

  • the Memorandum means the Memorandum of Association of the Academy Trust;

  • Disclosure Statement means the written disclosure statement that relates to this Plan, as approved by the Bankruptcy Court pursuant to section 1125 of the Bankruptcy Code and Bankruptcy Rule 3017, as such disclosure statement may be amended, modified or supplemented from time to time.

  • Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

  • Pricing Disclosure Package means any Issuer General Use Free Writing Prospectus issued at or prior to the Applicable Time, the Pricing Prospectus and the information included on Schedule 2-A hereto, all considered together.

  • Financial Data means any financial and market data, price quotes, news, analyst opinions, research reports, signals, graphs or any other data or information whatsoever available through the Trading Platform.

  • Financial Statement has the meaning set forth in Section 4(g) below.