Bank interest Sample Clauses

Bank interest. UN rules and procedures pertaining to positive bank interest shall apply, and equal treatment among donors shall be ensured. This is based on the understanding that these rules and procedures conform to internationally accepted standards.
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Bank interest. 9.1. For Multi-donor Actions, UN rules and procedures pertaining to bank interest shall apply, and an equal treatment among donors shall be ensured. This is based on the understanding that these rules and procedures conform to internationally accepted standards.
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Bank interest. 9.1. The International Organisation rules and procedures pertaining to bank interest shall apply, and an equal treatment among donors shall be ensured.
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Bank interest. The OIE World Fund bank accounts (in EUR and in USD) are interest-bearing bank accounts. In addition, guaranteed forward transactions at fixed interest rates are used in order to increase the bank interest yielded by the liquid assets (cash flow) of the Fund. The interest yielded on these transactions varies depending on the currency, dates and lengths of investments. All bank interest yielded is kept on the corresponding OIE World Fund bank accounts. The details on all bank interest yielded by the World Fund were presented at the seventh meeting of the Management Committee of the World Fund on 22 May 2013 and during the eighth meeting of the Advisory Committee of the World Fund on 17 December 2013. Up to 30 November 2013, a total of EUR 3,775.12 has been generated by forward transactions at fixed interest rates (see Annex 1). Taking into account the first and second tranche payments, the aforementioned carry-overs, and bank interest, the total income to date under the STANDZ Initiative is EUR 7,805,460.16. Expenses to date Annex 1 provides an overall summary of actual detailed expenditure up to 30 November 2013 for funds managed through the OIE Headquarters (OIE 2013 accounts are not yet closed and have not yet been audited). As of this date, expenses for funds managed through the OIE Headquarters amount to a total of EUR 4,027,952.08, which is equivalent to 52% disbursement of the total funds received to date (STANDZ first, second and third tranche, carry-overs, and bank interest). Furthermore, the OIE SRR-SEA has drafted proposals to support a comprehensive three-year FMD campaign in Lao PDR and a three-year rabies control plan in the Philippines. The estimated budgets required to support each project is approximately USD 3.5 Million and USD 1.17 Million, respectively. These proposals are provided in Annexes 7 and 8. A third proposal, for FMD control in Myanmar, is under development. If approved, the funding provided through STANDZ for these projects will not only create a major impact to control FMD and rabies in these countries, but will also enhance disbursement under the Initiative. It is anticipated, therefore, that the disbursement rate of the Initiative will be substantially increased during the course of 2014 once these programmes are in place. Annex 2 provides the relevant extracts of the ledger accounts for the OIE World Fund and the OIE Sub-Regional Representation for South-East Asia accounts up to 30 November 2013 (OIE 2013 accounts are not ...
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Related to Bank interest

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  • Mandatory Participation Participation in the Special Pay Plan is mandatory for all 24 eligible teachers.

  • Cooperative Purchasing Pursuant to their own governing laws, and subject to the agreement of the Contractor, governmental entities that are not Customers may make purchases under the terms and conditions contained herein, if agreed to by Contractor. Such purchases are independent of the Contract between the Department and the Contractor, and the Department is not a party to these transactions. Agencies seeking to make purchases under this Contract are required to follow the requirements of Rule 60A-1.045(5), F.A.C.

  • Payable Interest Except as required and provided for by the Florida Local Government Prompt Payment Act, City shall not be liable for interest for any reason, whether as prejudgment interest or for any other purpose, and in furtherance thereof Contractor waives, rejects, disclaims and surrenders any and all entitlement it has or may have to receive interest in connection with a dispute or claim based on or related to this Agreement.

  • Related Loans (a) Assuming Institution shall use its best efforts to determine which loans are “Related Loans,” as hereinafter defined. The Assuming Institution shall not manage, administer or collect any “Related Loan” in any manner that would have the effect of increasing the amount of any collections with respect to the Related Loan to the detriment of the Shared-Loss Loan to which such loan is related. A “

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