Grants to Recipients Sample Clauses
The "Grants to Recipients" clause defines the terms under which a party (often a grantor or funder) provides financial or other resources to recipients, such as individuals, organizations, or institutions. This clause typically outlines eligibility criteria, the scope and purpose of the grant, reporting requirements, and any conditions or restrictions on the use of funds. For example, it may specify that funds must be used for a particular project or within a certain timeframe, and may require periodic progress reports. The core function of this clause is to ensure that grants are distributed and used in accordance with the grantor's intentions, providing accountability and clarity for both parties.
Grants to Recipients. 8.1. The Bank shall, as administrator of the Trust Fund on behalf of the Donors, enter into one or more grant agreements (the “Grant Agreements”) with recipients (the “Recipients”) consistent with the purposes of this Administration Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions that all Donors have agreed to make available under the Administration Agreements between the Bank and the Donors.
8.2. The Bank shall be responsible for the supervision of the activities financed under any Grant Agreements. Subject to the consent of any relevant Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund.
8.3. The Bank shall promptly inform the Donors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.
Grants to Recipients. 4.1. The Bank will, as administrator on behalf of the Donors, enter into grant agreements (the “Grant Agreements”) with one or more entities (the “Recipients”) for the provision of Contribution funds for the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. The Bank will furnish a copy of the Grant Agreements to the Donors.
4.2. The Bank will be solely responsible for the supervision of GFDRR Track 2 MDTF activities financed under the Grant Agreements.
Grants to Recipients. 4.1 The Bank, as Principal Delivery Partner on behalf of the Contributors, if so decides, may enter into grant agreements (the “Grant Agreements”) with eligible recipients (the “Recipients”) consistent with the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions allocated by the Partnership Assembly or Partnership Committee, as applicable, for the Bank to enter into the Grant Agreements. Upon request by a Contributor, the Bank shall furnish a copy of the Grant Agreements to the Contributors.
4.2 The Bank shall be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Contributors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund.
4.3 The Bank shall promptly inform the Contributors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Contributors the opportunity to exchange views before effecting any such modification or exercising any such remedy.
Grants to Recipients. 4.1. The Bank will, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreement (the “Grant Agreements”) with eligible recipients selected in accordance with the terms of Annex 1 (the “Recipients”) consistent with the purposes of this Arrangement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions that all Donors have agreed to make available under the Administration Agreements or Arrangements between the Bank and the Donors. Upon request by a Donor, the Bank will furnish a copy of the Grant Agreements to the Donors.
4.2. The Bank will be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund.
4.3. The Bank will promptly inform the Donors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank will afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.
Grants to Recipients. 4.1. The Bank will, as administrator on behalf of the Donors, enter into grant agreements (the “Grant Agreements”) with one or more entities (the “Recipients”) for the provision of Contribution funds for the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. The Bank will furnish a copy of the Grant Agreements to the Donors.
4.2. The Bank will be solely responsible for the supervision of GFDRR Track 3 Technical Assistance MDTF activities financed under the Grant Agreements.
4.3. If, in the Bank’s opinion, an amount of the Contribution funds allocated to any of the expenditure categories specified in Annex 1 to this Agreement will be insufficient to finance the expenditures for such category, the Bank may reallocate to such category an amount of the Contribution funds then allocated to another category which, in the Bank’s opinion, will not be necessary to meet other expenditures. The Bank will notify the Donors of such a reallocation.
Grants to Recipients. 4.1. The Bank shall, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreements (the “Grant Agreements”) with eligible recipients (the “Recipients”) consistent with the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions that all Donors have agreed to make available under the Administration Agreements between the Bank and the Donors. Upon request by a Donor, the Bank shall furnish a copy of the Grant Agreements to the Donors.
4.2. The Bank shall be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund.
4.3. The Bank shall promptly inform the Donors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.
Grants to Recipients. 4.1. The Bank shall, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreements (the “Grant Agreements”) with eligible recipients (the “Recipients”) consistent with the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions (less applicable Bank fees and charges) that all Donors have agreed to make available under the Administration Agreements between the Bank and the Donors. Upon request by a Donor, the Bank shall furnish a copy of the Grant Agreements to the Donors.
4.2. The Bank shall be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund.
4.3. The Bank shall promptly inform the Donors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.
Grants to Recipients. 3.1. The Trustee may, as administrator of the CADF and in accordance with the Instrument and any additional documents related thereto, enter into grant agreements (the “Grant Agreements”) with one or more entities (the “Recipients”) for the provision of CADF Funds.
3.2. The Trustee shall be solely responsible for the supervision of activities financed under the Grant Agreements.
Grants to Recipients. 4.1. The Bank shall, as administrator of the Trust Fund on behalf of the Donors, enter into grant agreements (the “Grant Agreements”) with eligible recipients selected in accordance with the governance terms of Annex 1 (the “Recipients”) consistent with the purposes of this Agreement and on the terms and conditions set forth in the Grant Agreements. Grant Agreements may be entered into up to the maximum amount of the Contributions that all Donors have agreed to make available under the Administration Agreements between the Bank and the Donors. Upon request by a Donor, the Bank shall furnish a copy of the Grant Agreements to the Donors.
4.2. The Bank shall be responsible for the supervision of the activities financed under the Grant Agreements. Subject to the consent of the relevant Recipients, representatives of the Donors may be invited by the Bank to participate in Bank supervision missions related to the Trust Fund.
4.3. The Bank shall promptly inform the Donors of any significant modification to the terms of any Grant Agreements and of any contractual remedies that are exercised by the Bank under any Grant Agreements. To the extent practicable, the Bank shall afford the Donors the opportunity to exchange views before effecting any such modification or exercising any such remedy.
4.4. Subject to the Recipient Government's approval, the Bank will ensure that the Grant Agreements will provide that all materials developed by and data collected by the Recipient for use under the Grant may be reproduced for research, education or scholarly purposes by the Bank on a non-exclusive and royal-free basis and made publicly available consistent with the Bank's access to information policy.
Grants to Recipients. Where the implementation of an Action requires Grants to Grant Recipients in accordance with paragraph 8 of Annex 2 of an Administration Agreement, the World Bank Group entity may award such Grants in accordance with its own policies and procedures, provided that the following conditions are complied with:
a) the Grants to Grant Recipients are used to finance the activities specified in the description of the Action in Annex 1 of the Administration Agreement;
b) the maximum amount allocated to a Grant shall not exceed EUR 60.000, except where the financial support provided through the Grant is one of the primary aims of the trust fund. For this purpose, the maximum amount allocated to a Grant shall be the total amount of the Contribution allocated to Recipient-executed activities as set out in the Administration Agreement;
c) Grants are awarded to Grant Recipients that fall in one of the following categories: governments, non-governmental organisations or other external entities;
d) the award of the Grants and their amount are determined by the World Bank Group entity according to operational and financial capacity of the Grant Recipients and their financing needs.