Intermediary Funds definition

Intermediary Funds has the meaning specified in the Master Exchange Agreement.
Sample 1Sample 2Sample 3

Examples of Intermediary Funds in a sentence

  • The reform process is reviewing issues and opportunities for reform relating to the wide range of Trust Funds at the World Bank, including Financial Intermediary Funds, while respecting the governance and operational requirements for funds such as the Adaptation Fund and the GEF.

  • Xxxxxx And the Funds’ Distributor Only with Respect to the Services Provided Under Section 8 of Schedule B: XXXX XXXXX INVESTOR SERVICES LLC By: /s/ Xxxxxxxx X’Xxxx Schedule F (Dated: December 19, 2013) Intermediary Funds and Intermediary Broker-Dealers This Schedule F is Schedule F to that certain Transfer Agency And Services Agreement, dated as of December 19, 2013, by and between BNY Mellon Investment Servicing (US) Inc.

  • Also includes Financial Intermediary Funds (GEF, CIFs) for which the World Bank is the Trustee, as well as some UN inter-agency pooled funds, such as CERF and the UN Peacebuilding Fund.

  • This is in line with the World Bank Directive on Financial Intermediary Funds (FIF) of February 2022 for establishing a new FIF.

  • Over the past year, and as part of a new Framework for Financial Intermediary Funds (FIFs) that is being developed in consultation with FIF partners, the International Bank for Reconstruction and Development (IBRD) has been examining a range of issues and challenges associated with the functions of IBRD as trustee of such FIFs and the accountability of agencies involved in the use of FIF resources transferred to them by IBRD as trustee.

  • Most External Funds (EF) are transferred to World Bank clients in the form of Recipient Executed Trust Fund (RETF) grants and through Financial Intermediary Funds (FIF) to other organizations.

  • Funds Available as of March 31, 2020 42The World Bank Group GCFFFinancial Intermediary Funds Trust Fund .1 Introduction The Global Concessional Financing Facility (GCFF) was established in July 2016 as part of the New Financing Initiative to Support the Middle East and North Africa (MENA) Region which aims to provide additional financing on more favorable terms to countries in the MENA region impacted by forced displacement, conflict and economic instability.

  • Provider countries will be requested to report their inflows to multilateral organisations not included in the list, in order to provide the most extensive picture possible of the development finance landscape.17 When funds are pooled they lose their identity and become an integral part of the recipient institution’s financial assets.18 Such funds are also referred to as Financial Intermediary Funds.

  • For the period FY01-08, contributions were mainly channeled to: post-disaster/post- conflict (29%), traditional sectors (mainly HNP, infra-transport, agriculture-environment (27%), and Financial Intermediary Funds (43%, mainly HIPC, GFATM and CGIAR).

  • It further includes Financial Intermediary Funds (GEF, CIFs) for which the World Bank is the Trustee.

Related to Intermediary Funds

  • Intermediary bank means a bank to which an item is transferred in course of collection except the depositary or payor bank.

  • Intermediary means “a person who actively participates in the facilitation of the contract or negotiating the contract, including a broker, adviser, attorney, or representative of or agent for the business entity who:

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Escrow Accounts means a SEK bank account and/or EUR bank account and/or a NOK bank account opened by the Arranger with a reputable bank on which the proceeds from the Bond Issue will be held until the Conditions Precedent for Disbursement have been fulfilled.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Clearing Account has the meaning set forth in Section 2.7.1 hereof.

  • Qualified Intermediary means any Person acting as a “qualified intermediary” for BMW FS’s Like-Kind Exchange Program pursuant to Section 1.1031(k)-1(g)(4) of the Treasury Regulations promulgated under the Code.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Reinsurance intermediary means a reinsurance intermediary-broker or a reinsurance intermediary-manager.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.