THE PROJECT AND THE GRANT Sample Clauses

THE PROJECT AND THE GRANT. 2.01. The Board agrees to provide to the [Implementing Entity] a Grant in a lump sum amount of United States Dollars (US $ ) for the purposes of the Project. The Project document, which details the purposes for which the Grant is made, is set out in Schedule 1 to this Agreement. The Implementing Entity shall ensure that the Grant funds will exclusively be used to carry out the Project and finance the expenditures in accordance with the budget included in the approved Project as set out in Schedule 1 to this Agreement. 2.02. The Trustee shall transfer the Grant funds to the [Implementing Entity] on the written instructions of the Board. The transfer shall be made in one lump sum (with specific disbursement instructions) to the following bank account of the Implementing Entity: [Insert Implementing Entity’s bank account details.] Bank account title/name: Bank account number: Bank name: Bank address: Bank SWIFT/RTGS code or Bank routing number: 2.03. The Implementing Entity shall utilize the Grant funds in accordance with its standard practices and procedures. 2.04. The Implementing Entity may convert the Grant into any other currency to facilitate its disbursement. 2.05. Grant funds made available to the Implementing Entity for the purposes of the Project in [Country] shall be kept separate and apart from all non-Adaptation Fund funds disbursed to the Implementing Entity. No Grant funds shall be transferred, loaned, exchanged, pledged, delivered, gifted, between or among projects approved for the Implementing Entity. 2.06. Any investment income earned from the Grant funds shall be held in the Implementing Entity Grant Account and used for the same purposes and administered in accordance with the terms of this Agreement.

THE PROJECT AND THE GRANT. 2.01. The Board agrees to provide to the [Implementing Entity] the Grant in a maximum amount equivalent to United States Dollars (US $ ) for the purposes of the Project. The Project document, which details the purposes for which the Grant is made, is set out in Schedule 1 to this Agreement. Conditions, if any, that apply to the implementation of the Grant are set out in Schedule 2 to this Agreement. 2.02. The Trustee shall transfer the Grant funds to the [Implementing Entity] on the written instructions of the Board. The transfer shall be made in one lump sum (with specific disbursement instructions) to the following bank account of the Implementing Entity: [Insert Implementing Entity’s bank account details] Bank account title/name: Bank account number: Bank name: Bank address: Bank SWIFT/RTGS code or Bank routing number: 2.03. The Implementing Entity shall make the disbursed Grant funds available to the [Executing Entity] in accordance with its standard practices and procedures. 2.04. The Implementing Entity may convert the Grant into any other currency to facilitate its disbursement to the Executing Entity. 2.05. Grant funds made available to the Implementing Entity for the purposes of the Project in [Country] shall be kept separate and apart from all non-Adaptation Fund funds disbursed to the Implementing Entity. No Grant funds shall be transferred, loaned, exchanged, pledged, delivered, gifted, between or among projects approved for the Implementing Entity. 2.06. Any investment income earned from the Grant funds shall be held in the Implementing Entity Grant Account and used for the same purposes and administered in accordance with the terms of this Agreement.

THE PROJECT AND THE GRANT. 2.01. The Board agrees to provide to the Implementing Entity the Grant in a maximum amount equivalent to Five million three hundred eighty one thousand and six hundred United States Dollars (US $5,381,600) for the purposes of the Project. The Project document, which details the purposes for which the Grant is made, is set out in Schedule 2 to this Agreement. The disbursement schedule and special conditions that apply to the implementation of the Grant are set out in Schedule 3 to this Agreement. 2.02. The Trustee shall transfer the Grant funds to the Implementing Entity on the written instructions of the Board. Transfers shall be made to the following bank account of UNDP in accordance with the disbursement schedule set out in Schedule 3 to this Agreement: UNDP Contributions Account No. 015-002284 ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇ ▇▇▇▇▇ SWIFT Address: ▇▇▇▇▇▇▇▇ ▇▇▇ Code: ▇▇▇▇▇▇▇▇▇ 2.03. The Implementing Entity shall make the disbursed Grant funds available to the Executing Entity in accordance with its standard practices and procedures. 2.04. The Implementing Entity may convert the Grant into any other currency to facilitate its disbursement to the Executing Entity.

THE PROJECT AND THE GRANT. ‌ 2.1. The Grantee shall use its best efforts to implement the Project in accordance with the provisions of this Agreement. 2.2. Subject to availability of co-financing as set out in Commitment Letters issued by the Project Partners to NDF, NDF undertakes to make available to the Grantee for the implementation of the Project the Grant in an amount of up to EUR [amount in figures] ([amount in letters] Euros). 2.3. The total amount of the Grant does not exceed [percentage to be filled in] % of the final realised costs (without profits) for the Project, including such reasonable Taxes as are levied under applicable laws (in case of such excess occurring during the implementation of the Project, the final Disbursement(s) of the Grant will be correspondingly reduced). 2.4. The Start Date for the Project is the [●] of [●], 20[●] [date to be filled in]. The Closing Date of the Grant is the [●] of [●], 20[●] [date to be filled in] or such later date as NDF shall establish. The Grantee may, however, apply for an extension of the Closing Date. NDF’s consent to such justified application shall not be unreasonably withheld. 2.5. The proceeds of the Grant shall be used solely for covering Eligible Expenditures. 2.6. Any such goods, works and services shall be procured in a manner aiming to achieve best possible economy, efficiency and quality and by using procurement methods set out in the Project Implementation Manual. 2.7. When proceeds of the Grant are used to cover costs of goods, works or services provided by the Grantee or by any other Project Partner, or by a supplier, contractor, service provider or consultant that has business, family or other relation to the Grantee or any other Project Partner, the price of such goods, works or services to be covered by the Grant shall not give raise to profits and shall therefore be reasonably below fair market prices. 2.8. In accordance with the provisions in the Project Implementation Manual and Annex 3 (Budget Summary), the Grant may be used for the payment of reasonable Taxes related to the Project implementation. 2.9. NDF shall open and maintain on its books a record in the Grantee’s name showing any Disbursements of the Grant, the computation and payment of charges, commissions, fees and other amounts due and sums paid thereunder. Such account shall be final, conclusive and binding on the Grantee, unless shown by the Grantee to the satisfaction of NDF, to contain a manifest clerical error. 2.10. Any amount of the Gran...

THE PROJECT AND THE GRANT. 2.01. The Board agrees to provide to the Implementing Entity the Grant in a maximum amount equivalent to seven million nine hundred and eighty-nine thousand seven hundred and twenty seven United States Dollars (US $7,989,727) for the purposes of the Project. The Project document, which details the purposes for which the Grant is made, is set out in Schedule 2 to this Agreement. The disbursement schedule and special conditions that apply to the implementation of the Grant are set out in Schedule 3 to this Agreement. 2.02. The Trustee shall transfer the Grant funds to the Implementing Entity on the written instructions of the Board. Any subsequent transfer of Grant funds to the Implementing Entity after the first tranche shall only be transferred after the Board approves the annual Project Performance Reports (PPR) referred to in section 7.01.b. Transfers shall be made to the following bank account of the Implementing Entity in accordance with the disbursement schedule set out in Schedule 3 to this Agreement: The UN World Food Programme No. 1112282056 ▇▇▇▇▇▇▇▇ NA Foro Buonaparte 16, 20121 Milan, Italy SWIFT Address: ▇▇▇▇▇▇▇▇ IBAN: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Routing: Adaptation Fund 01 Sri Lanka 2.03. The Implementing Entity shall make the disbursed Grant funds available to the Executing Entity in accordance with its standard practices and procedures. 2.04. The Implementing Entity may convert the Grant into any other currency to facilitate its disbursement to the Executing Entity.