Window 2 Funds definition
Examples of Window 2 Funds in a sentence
The Consortium agrees to exercise its fiduciary duties over the use of Window 1 and Window 2 Funds.
The Fund Council may decide on the approval of a CRP proposal and on the combination of Window 1 and Window 2 Funds allocated to it at different times.
Such inconsistent use shall include, without limitation: (i) using Window 1 and Window 2 Funds from the CGIAR Fund to pay for unintended purposes; (ii) using such Window 1 and Window 2 Funds to pay for contracts that are inconsistent with required procurement and other procedures; and (iii) engaging in corrupt, fraudulent, collusive or coercive practices in connection with the use of such Window 1 and Window 2 Funds or using such Window 1 and Window 2 Funds to finance a contract involving such practices.
If a Fund Donor has a statutory, regulatory or policy environment requiring such Fund Donor’s ability to request unilaterally that the Consortium have an external audit with respect to Window 1 and/or Window 2 Funds, such Fund Donor may proceed with the terms set forth above in agreeing with the Consortium directly on the most appropriate scope and terms of reference, with the costs of any such audit to be paid by such Fund Donor.
The Consortium agrees that the Fund Donors may collectively through the Fund Council seek direct reasonable enforcement or recourse against the Consortium with respect to any unmet or breached obligations, including but not limited to the intended use of Window 1 and Window 2 Funds.
Following the Effective Date (as defined below), the Trustee shall disburse the Window 1 and Window 2 Funds (as defined in the Joint Agreement) to the Lead Center as follows in accordance with a proper Payment Request received by the Trustee from the Consortium prior to each such disbursement, at all times subject to the availability of funds.
The System Organization will, and will require Centers and Program Participants to, promptly return any portion of the Window 1 and Window 2 Funds that is unexpended or uncommitted at the completion of the CRP or Platform for which it was provided (including approved extensions) or at the termination of a Financial Framework Agreement between the System Organization and a Center unless decided otherwise by the System Council.
The Lead Centers receiving such Window 1 and Window 2 Funds will make further disbursements of such funds to Program Participants for such CRP or Platform.
Centers will, and will require Program Participants to, refund any portion of Window 1 and Window 2 Funds not used in accordance with the applicable Fund Use Agreements or Subagreements.
Centers will, and will require Program Participants to, promptly return any portion of the Window 1 and Window 2 Funds that is unexpended or uncommitted at the completion of the CRP or Platform for which it was provided (including approved extensions) or at the termination of a Financial Framework Agreement between the System Organization and a Center unless decided otherwise by the System Council.