Common use of Disbursements and Reporting Clause in Contracts

Disbursements and Reporting. 7.1 The timing and amount of any disbursements of funds under this Agreement shall be determined by the Global Fund in its sole discretion. However, in general, the Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement. 7.2 The CCM shall, not later than 1 month after the dates set forth in the blocks labeled “End of Year 1” and “End Date” in the face sheet (each such date a “Financial Report Due Date”), provide to the Global Fund a progress update containing the following information: (a) a financial report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year of the CCM Funding Period) and ending on the applicable Financial Report Due Date. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the period and the projected cash balance at the End Date. Expenditure reporting must include costs broken down by financial cost category (salaries, administration, meetings, consultations, communications, translation, program oversight and others) as well as by CCM functional area. Information must also be provided on CCM funding use by representatives of non-governmental constituencies on the CCM. The Global Fund may, by written notice to the CCM Funding Recipient, specify the form of the report. The CCM Funding Recipient shall explain in the report any variance between Budget and actual expenditures; and (b) a performance report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year of the CCM Funding Period) and ending on the applicable Financial Report Due Date describing results achieved against intended targets. The Global Fund may, by written notice to the CCM Funding Recipient, specify the form of the report. 7.3 In addition to the reports mentioned in point 7.2, the Global Fund may, at its discretion, request the CCM Funding Recipient or the CCM to complete additional reports, including a CCM self-assessment questionnaire. 7.4 The CCM Funding Recipient acknowledges and understands that the CCM is responsible for providing a report with respect to amounts pledged in order to satisfy the requirements of section 3.2 of this Agreement, showing evidence, in form and substance satisfactory to the Global Fund, that such amounts have been made available to the CCM. 7.5 The CCM’s continued compliance throughout the CCM Funding Period with the Global Fund’s Eligibility Requirements and Minimum Standards (if applicable) is a condition to the CCM receiving funding from the Global Fund. In the event that the Global Fund determines, in its sole discretion, that the CCM is not in compliance with these requirements and standards, the Global Fund may terminate or suspend this Agreement in accordance with section 15 of this Agreement. 7.6 The CCM acknowledges and agrees that the Global Fund may use, reproduce and/or distribute to the public reports and data, in whole or in part, that have been submitted by the CCM to the Global Fund under this Agreement. The CCM also acknowledges and agrees that the Global Fund may use, reproduce, modify and/or adapt information and other data contained in such reports for any reason whatsoever.

Disbursements and Reporting. 7.1 The timing and amount of any disbursements of funds under this Agreement shall be determined by the Global Fund in its sole discretion. However, in general, the Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement. 7.2 The CCM Funding Recipient shall, not later than 1 month after the dates set forth in end of each 12 month period during the blocks labeled “End of Year 1” CCM Funding Period, beginning with the 12 month period following the Start Date (or such later date as may be agreed between the Global Fund and “End Date” in the face sheet CCM Funding Recipient on a case-by-case basis) (each such date a “Financial Report Due Date”), provide to the Global Fund a progress update containing the following information: (a) a financial report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year subsequent years of the CCM Funding Period) and ending on the applicable Financial Report Due Date. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the period and the projected cash balance at the End Date. Expenditure reporting must include costs broken down by financial cost category (salaries, administration, meetings, consultations, communications, translation, program oversight and others) as well as by CCM functional area. Information must also be provided on CCM funding use by representatives of non-governmental constituencies on the CCM. The Global Fund may, by written notice to the CCM Funding Recipient, specify the form of the report. The CCM Funding Recipient shall explain in the report any variance between Budget and actual expenditures; and (b) a performance report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year subsequent years of the CCM Funding Period) and ending on the applicable Financial Report Due Date describing results achieved against intended targets. The Global Fund may, by written notice to the CCM Funding Recipient, specify the form of the report. 7.3 In addition to the reports mentioned in point 7.2, the Global Fund may, at its discretion, request the CCM Funding Recipient or the CCM to complete additional reports, including a CCM self-assessment questionnaire. 7.4 The CCM Funding Recipient acknowledges and understands that the CCM is responsible for providing a report with respect to amounts pledged in order to satisfy the requirements of section 3.2 of this Agreement, showing evidence, in form and substance satisfactory to the Global Fund, that such amounts have been made available to the CCM. 7.5 The CCM’s continued compliance throughout the CCM Funding Period with the Global Fund’s Eligibility Requirements and Minimum Standards (if applicable) is a condition to the CCM receiving funding from the Global Fund. In the event that the Global Fund determines, in its sole discretion, that the CCM is not in compliance with these requirements and standards, the Global Fund may terminate or suspend this Agreement in accordance with section 15 of this Agreement. 7.6 The CCM acknowledges and agrees that the Global Fund may use, reproduce and/or distribute to the public reports and data, in whole or in part, that have been submitted by the CCM to the Global Fund under this Agreement. The CCM also acknowledges and agrees that the Global Fund may use, reproduce, modify and/or adapt information and other data contained in such reports for any reason whatsoever.

Disbursements and Reporting. 7.1 The timing and amount of any disbursements of funds under this Agreement shall be determined by the Global Fund in its sole discretion. However, in general, the Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement. 7.2 The CCM shall, not later than 1 month after the dates set forth in the blocks labeled “End of Year 1” and “End Date” in the face sheet (each such date a “Financial Report Due Date”), provide to the Global Fund a progress update containing the following information: (a) a financial report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year of the CCM Funding Period) and ending on the applicable Financial Report Due Date. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the period and the projected cash balance at the End Date. Expenditure reporting must include costs broken down by financial cost category (salaries, administration, meetings, consultations, communications, translation, program oversight and others) as well as by CCM functional area. Information must also be provided on CCM funding use by representatives of non-governmental constituencies on the CCM. The Global Fund may, by written notice to the CCM Funding RecipientCCM, specify the form of the report. The CCM Funding Recipient shall explain in the report any variance between Budget and actual expenditures; and (b) a performance report for the period beginning on the Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to the second year of the CCM Funding Period) and ending on the applicable Financial Report Due Date describing results achieved against intended targets. The Global Fund may, by written notice to the CCM Funding RecipientCCM, specify the form of the report. 7.3 In addition to the reports mentioned in point 7.2, the Global Fund may, at its discretion, request the CCM Funding Recipient or the CCM to complete additional reports, including a CCM self-assessment questionnaire. 7.4 The CCM Funding Recipient acknowledges and understands that the CCM is responsible for providing a report with respect to amounts pledged in order to satisfy the requirements of section 3.2 of this Agreement, showing evidence, in form and substance satisfactory to the Global Fund, that such amounts have been made available to the CCM. 7.5 The CCM’s continued compliance throughout the CCM Funding Period with the Global Fund’s Eligibility Requirements and Minimum Standards (if applicable) is a condition to the CCM receiving funding from the Global Fund. In the event that the Global Fund determines, in its sole discretion, that the CCM is not in compliance with these requirements and standards, the Global Fund may terminate or suspend this Agreement in accordance with section 15 of this Agreement. 7.6 The CCM acknowledges and agrees that the Global Fund may use, reproduce and/or distribute to the public reports and data, in whole or in part, that have been submitted by the CCM to the Global Fund under this Agreement. The CCM also acknowledges and agrees that the Global Fund may use, reproduce, modify and/or adapt information and other data contained in such reports for any reason whatsoever.