Common use of Administration of the Contributions Clause in Contracts

Administration of the Contributions. 1.1. The Trust Fund is established by the Trustee to support the activities of the Pandemic Prevention, Preparedness and Response (the “PPR”). The governance framework applied to the PPR is set out in the PPR Governance Framework, as such document may be amended from time to time in accordance with its terms. 1.2. The Trustee may accept contributions to the Trust Fund (“Contributions”) from the Contributors that enter into a Contribution Agreement with the Trustee, consistent with the Bank’s applicable policies and procedures. The Trustee shall hold in trust, as a holder of the legal title, and administer the funds, assets and receipts that constitute the Trust Fund, in accordance with the terms of the Contribution Agreements. 1.3. The Trustee shall be responsible only for performing those functions specifically set forth in this Contribution Agreement, including its annex, and shall not be subject to any other duties or responsibilities to the Contributors, including, without limitation, any duties or obligations that might otherwise apply to a fiduciary or trustee under general principles of trust or fiduciary law. Nothing in this Contribution Agreement shall be considered a waiver of any privileges or immunities of the Bank under its Articles of Agreement or any applicable law, all of which are expressly reserved.

Administration of the Contributions. 1.1. The Trust Fund is established by the Trustee to support the activities of the [Pandemic Prevention, Preparedness and Response Response] (the “[PPR]”). The governance framework applied to the PPR [PPR] is set out in the PPR [[PPR] Governance Framework, as such document may be amended from time to time in accordance with its terms. 1.2. The Trustee may accept contributions to the Trust Fund (“Contributions”) from the Contributors that enter into a Contribution Agreement with the Trustee, consistent with the Bank’s applicable policies and procedures. The Trustee shall hold in trust, as a holder of the legal title, and administer the funds, assets and receipts that constitute the Trust Fund, in accordance with the terms of the Contribution Agreements. 1.3. The Trustee shall be responsible only for performing those functions specifically set forth in this Contribution Agreement, including its annexannexes, and shall not be subject to any other duties or responsibilities to the Contributors, including, without limitation, any duties or obligations that might otherwise apply to a fiduciary or trustee under general principles of trust or fiduciary law. Nothing in this Contribution Agreement shall be considered a waiver of any privileges or immunities of the Bank under its Articles of Agreement or any applicable law, all of which are expressly reserved.