Common use of Administrative Cost Recovery Clause in Contracts

Administrative Cost Recovery. 3.2. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one percent (1 %) of each Contribution. In addition, costs for program management and administration of the Trust Fund up to a maximum of one and one half percent (1.5%) of each Contribution1, will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 6 contracts

Samples: Administration Agreement, Administration Agreement, documents1.worldbank.org

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Administrative Cost Recovery. 3.23.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct from the Contribution and retain for its own account an amount equal to one three percent (1 3%) of each Contribution. In addition, costs for program management and administration of the Trust Fund up to a maximum of one and one half percent (1.5%) of each Contribution1, US$41,838 will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 3 contracts

Samples: documents1.worldbank.org, documents1.worldbank.org, documents1.worldbank.org

Administrative Cost Recovery. 3.23. 1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one two percent (1 2%) of each Contribution. In addition, costs for program management and administration of the Trust Fund as described in Annex 1 up to a maximum of one and one half seven percent (1.57%) of each Contribution1, the Contribution will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, agreement and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 2 contracts

Samples: Administration Agreement, Administration Agreement

Administrative Cost Recovery. 3.26.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may may, following deposit of the Contribution, deduct and retain for its own account an amount equal to one two percent (1 2%) of each Contribution. In addition, costs for program project management and administration of the Trust Fund up to a maximum of one and one half three percent (1.53%) of each Contribution1, Contribution will be charged to the Trust Fund on an actual basisFund. If the contributions increase beyond what was originally expected at the time of counter-signature countersignature of the first administration agreementthis Agreement, and the administrative costs increase as a result, the Donors acknowledge Donor acknowledges that an additional administrative fee may be applied to such new contributions.

Appears in 2 contracts

Samples: documents1.worldbank.org, documents1.worldbank.org

Administrative Cost Recovery. 3.23.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one two percent (1 2%) of each Contribution. In addition, costs for program management and trust fund administration of the Trust Fund up to a maximum of one and one half percent (1.5%) of each Contribution1, USD996,483 will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 2 contracts

Samples: documents1.worldbank.org, documents1.worldbank.org

Administrative Cost Recovery. 3.23.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one two percent (1 2%) of each Contribution. In addition, costs for program management and administration of the Trust Fund as defined in Annex 1 up to a maximum of one and one half seven percent (1.57%) of each Contribution1, will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature countersignature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 2 contracts

Samples: documents1.worldbank.org, documents1.worldbank.org

Administrative Cost Recovery. 3.23.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one two percent (1 2%) of each Contribution. In addition, costs for program management and administration of the Trust Fund as defined in Annex 1 up to a maximum of one and one half percent (1.5%) of each Contribution1, 3.75% will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 1 contract

Samples: documents1.worldbank.org

Administrative Cost Recovery. 3.2. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one percent (1 %) of each Contribution. In addition, costs for program management and administration supervision of the Trust Fund up to a maximum of one and one half percent (1.5%) of each Contribution1, will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 1 contract

Samples: documents1.worldbank.org

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Administrative Cost Recovery. 3.26.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may may, following deposit of the Contribution, deduct and retain for its own account an amount equal to one two percent (1 2%) of each Contribution. In addition, costs for program management and administration of the Trust Fund supervision as defined in Annex 1 up to a maximum of one and one half percent (1.5%) of each Contribution1, US$539,744 will be charged to the Trust Fund on an actual basis. If the contributions Contribution increase beyond what was originally expected at the time of counter-signature of the first administration agreementthis Agreement, and the administrative costs increase as a result, the Donors acknowledge Donor acknowledges that an additional administrative fee may be applied to such new contributions.

Appears in 1 contract

Samples: documents1.worldbank.org

Administrative Cost Recovery. 3.2. 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may may, following deposit of the Contribution by the Donor, deduct from the total Contribution of the Donor and retain for its the Bank’s own account an amount equal to one percent (1 %) of each the Contribution. In addition, costs for program management and administration of the Trust Fund as defined in Annex 1 up to a maximum of one and one half percent (1.5%) of each Contribution1, US$1,492,108 will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 1 contract

Samples: documents1.worldbank.org

Administrative Cost Recovery. 3.2. 3.1 In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one two percent (1 2%) of each Contribution. In addition, costs for program management and administration of the Trust Fund as defined in Annex 1 up to a maximum of one and one half six percent (1.56%) of each Contribution1, the total Contributions under this Trust Fund will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 1 contract

Samples: documents1.worldbank.org

Administrative Cost Recovery. 3.23.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this AgreementArrangement, the Bank may deduct and retain for its own account an amount equal to one two percent (1 2 %) of each Contribution. In addition, costs for program management and administration of the Trust Fund as defined in Annex 1 up to a maximum of one and million one half percent hundred sixty three thousand United States Dollars (1.5%USD1,163,000) of each Contribution1, will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreementagreement or arrangement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 1 contract

Samples: documents1.worldbank.org

Administrative Cost Recovery. 3.23.1. In order to assist in the defrayment of the costs of administration and other expenses incurred by the Bank under this Agreement, the Bank may deduct and retain for its own account an amount equal to one two percent (1 2 %) of each ContributionContribution from the Contributions. In addition, costs for program management and administration of the Trust Fund up as defined in Annex 1 not to a maximum of one and one half percent (1.5%) of each Contribution1, exceed 3.35% will be charged to the Trust Fund on an actual basis. If the contributions increase beyond what was originally expected at the time of counter-signature of the first administration agreement, and the administrative costs increase as a result, the Donors acknowledge that an additional administrative fee may be applied to such new contributions.

Appears in 1 contract

Samples: documents1.worldbank.org

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