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

  • 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.

  • Except as the Trustee and the Board may otherwise agree, each Financial Procedures Agreement/Arrangement and Financial Procedures Memorandum shall name the Contributors as third party beneficiaries with direct rights on the part of the Contributors to seek recourse under the Financial Procedures Agreement/Arrangement or Financial Procedures Memorandum and will provide the Trustee with the rights of novation and assignment to enable the Contributors to seek direct recourse against a Grant Agent.

  • The Trustee shall, subject to paragraph 5.1 above, commit the amount of the Trust Fund funds allocated by the Board and transfer such amounts to the Grant Agents, including the World Bank in its role as a Grant Agent, in accordance with the Financial Procedures Agreement/Arrangement or Financial Procedures Memorandum, as appropriate.

  • Subject to the availability of applicable funds held in the Trust Fund as determined by the Trustee, the Trustee shall make commitments, transfer and/or use the Trust Fund funds for any purpose approved and in the amount allocated by the 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 shall enter into Financial Procedures Agreements/Arrangements or Financial Procedures Memorandum, as appropriate, with Supervising Entities and Managing Entities.

  • CCC may allow exceptions to acreage ineligible for prevented plant- ing coverage when surface water or ground water is reduced because of a natural disaster (as determined by CCC).

  • The Trustee will, subject to paragraph 5.1 above, commit the amount of the Trust Fund funds allocated by the Board and transfer such amounts to the Grant Agents, including the World Bank in its role as a Grant Agent, in accordance with the Financial Procedures Agreement/Arrangement or Financial Procedures Memorandum, as appropriate.

  • Except as the Trustee and the Board may otherwise agree, each Financial Procedures Agreement/Arrangement and Financial Procedures Memorandum will name the Contributors as third party beneficiaries with direct rights on the part of the Contributors to seek recourse under the Financial Procedures Agreement/Arrangement or Financial Procedures Memorandum and will provide the Trustee with the rights of novation and assignment to enable the Contributors to seek direct recourse against a Grant Agent.

  • For petitions such as this one, filed after November 13, 2018, we construe claims “using the same claim construction standard that would be used to construe the claim in a civil action under 35 U.S.C. 282(b), including construing the claim in accordance with the ordinary and customary meaning of such claim as understood by one of ordinary skill in the art and the prosecution history pertaining to the patent.” 37 C.F.R. § 42.100(b).3See also Phillips v.

  • The Trustee shall enter into Financial Procedures Agreements/Arrangements or a Financial Procedures Memorandum, as appropriate, with Grant AgentsSupervising Entities and Managing Entities.

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.

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