Common use of Payments to the Grantee Clause in Contracts

Payments to the Grantee. 3.1 Notwithstanding the amounts set out in Clause 4.2, UNOPS reserves the right to adjust upcoming instalments by the amount of the balance held by the Grantee, if any, resulting from funds already transferred by UNOPS and funds expended by the Grantee, and to reduce proportionally the overall amount mentioned in Clause 4.1 without thus incurring any liability of any kind under this Agreement. 3.2 All payments to the Grantee shall be in US dollars, and shall be deposited into the Grantee’s bank account in accordance with the ATLAS vendor profile form completed and submitted by the Grantee to UNOPS. 3.3 The amount of payment of such Grant funds is not subject to any adjustment or revision because of price or currency fluctuations incurred by the Grantee in the performance of the activities under this Agreement.

Payments to the Grantee. 3.1 Notwithstanding the amounts set out in Clause 4.2, UNOPS reserves the right to adjust upcoming instalments by the amount of the balance held by the Grantee, if any, resulting from funds already transferred by UNOPS and funds expended by the Grantee, and to reduce proportionally the overall amount mentioned in Clause 4.1 without thus incurring any liability of any kind under this Agreement. 3.2 All payments to the Grantee shall be in US dollars, and shall be deposited into the Grantee’s bank account in accordance with the ATLAS OneUNOPS vendor profile form completed and submitted by the Grantee to UNOPS. 3.3 The amount of payment of such Grant funds is not subject to any adjustment or revision because of price or currency fluctuations incurred by the Grantee in the performance of the activities under this Agreement.