Common use of Approval of Actions Clause in Contracts

Approval of Actions. 6.5.1 To be financed by the Trust Fund, Actions must be previously approved by the Operational Board, except for Actions below EUR 1 000 000, which may be decided by the Manager alone and which will be communicated immediately to the Operational Board, in light of the objectives of the Trust Fund in Article 2 and the eligibility criteria contained in Article 9.1, and to the extent that sufficient uncommitted Trust Fund monies remain available in the Trust Fund Account (as defined in Article 8.2.1). Each Donor may propose actions to the Manager for submission to the Operational Board provided that they fall within the remit of the Trust Fund and comply with guidelines laid down by the Board.