Common use of Compact Implementation Funding Clause in Contracts

Compact Implementation Funding. (a) Upon signature of this Compact, MCC hereby grants to the Government, under the terms of this Compact, in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Million Sixty Thousand United States Dollars (US$25,060,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Parties, which may include use for the following purposes: (i) project management activities for the KALAHI-CIDSS Project; (ii) procurement and establishment of a project management company for the Secondary National Roads Development Project; and (iii) technical assistance for advisory services for the Revenue Administration Reform Project. The allocation of Compact Implementation Funding is generally described in Annex II to this Compact. (b) In accordance with Section 7.4 of this Compact, this Section 2.2 and other provisions of this Compact necessary to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions to such Disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, MCC determines that the full amount of Compact Implementation Funding under Section 2.2(a) of this Compact exceeds the amount which reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact, MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 3 contracts

Sources: Millennium Challenge Compact, Millennium Challenge Compact, Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature of this Compact, MCC hereby grants shall grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Twelve Million Sixty Thousand United States Dollars (US$25,060,00012,000,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by to facilitate implementation of the PartiesCompact, which may include use including for the following purposes: (i) project financial management and procurement activities for the KALAHI-CIDSS Project(including costs related to standby agents procured by MCC); (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a project management company for the Secondary National Roads Development Projectadministrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility studies and assessments; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact7.5, this Section 2.2 and other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will shall be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is shall be subject to satisfaction of the conditions precedent to such Disbursement disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will shall be reduced by the Excess CIF Amount, and MCC will shall have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will shall be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 2 contracts

Sources: Millennium Challenge Compact, Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature signing of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Two Million Sixty Thousand United States ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$25,060,0002,120,000.00) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by to facilitate implementation of the PartiesCompact, which may include use including for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a project management company for the Secondary National Roads Development Projectadministrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility studies; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact, this Section 2.2 and other provisions of this Compact necessary to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement disbursement as set forth in Annex IV. (dc) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (ed) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 2 contracts

Sources: Millennium Challenge Compact, Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature the signing of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Eighteen Million Sixty Thousand United States Dollars (US$25,060,00018,000,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Partiesto facilitate implementation of this Compact, which may include use including for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility, design and other project management company for the Secondary National Roads Development Projectpreparatory studies; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact7.5, this Section 2.2 and other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 2 contracts

Sources: Millennium Challenge Compact, Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature of this Compact, MCC hereby grants to the Government, under the terms of this Compact, in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Eight Million Sixty Thousand United States Dollars (US$25,060,0008,000,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Parties, which may include use for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Project;and procurement activities; and (ii) procurement start-up activities, including staff salaries and establishment of a project management company for the Secondary National Roads Development Projectadministrative support expenses, such as office equipment, computers and other information technology or capital equipment; and (iii) technical assistance for advisory services for the Revenue Administration Reform Projectand other Compact implementation activities approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this Compact. (b) In accordance with Section 7.4 7.5 of this Compact, this Section 2.2 and other provisions of this Compact necessary to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions to such Disbursement disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, MCC determines that the full amount of Compact Implementation Funding under Section 2.2(a) of this Compact exceeds the amount which reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact, MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 2 contracts

Sources: Millennium Challenge Compact, Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Three Million Sixty Three Hundred Fifty Thousand United States Dollars (US$25,060,0003,350,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by to facilitate implementation of the PartiesCompact, which may include use including for the following purposes: (i) project financial management and procurement activities for the KALAHI-CIDSS Project(including costs related to agents procured by MCC to provide standby fiscal and procurement agent services, if required); (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, office equipment, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility, design and other project management company for the Secondary National Roads Development Projectpreparatory studies; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact7.5, this Section 2.2 and other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 2 contracts

Sources: Millennium Challenge Compact, Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature signing of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Nine Million Sixty Thousand United States ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ Dollars (US$25,060,0009,120,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by to facilitate implementation of the PartiesCompact, which may include use including for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility and any remaining project management company for the Secondary National Roads Development Projectpreparatory studies; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact, this Section 2.2 and other provisions of this Compact necessary to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement (as defined below) of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement as set forth in Annex IV. (dc) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. REPLACEMENT PAGES TO FIRST AMENDMENT TO MILLENNIUM CHALLENGE COMPACT, BETWEEN THE UNITED STATES OF AMERICA, ACTING THROUGH THE MILLENNIUM CHALLENGE CORPORATION, AND THE REPUBLIC OF MALAWI This Annex I describes the Program that MCC Funding will support in Malawi during the Compact Term. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.A. PROGRAM OVERVIEW

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature the signing of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five One Million Sixty Three Hundred Fifty-Two Thousand United States Dollars (US$25,060,00021,352,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Partiesto facilitate implementation of this Compact, which may include use including for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, computers, and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility, design, and other project management company for the Secondary National Roads Development Projectpreparatory studies and activities; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact7.5, this Section 2.2 and other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature signing of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Nine Million Sixty One Hundred and Twenty Thousand United States Dollars (US$25,060,0009,120,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by to facilitate implementation of the PartiesCompact, which may include use including for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility and any remaining project management company for the Secondary National Roads Development Projectpreparatory studies; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact, this Section 2.2 and other provisions of this Compact necessary to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement (as defined below) of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement as set forth in Annex IV. (dc) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (ed) MCC, at its option by Upon the written notice to request of the Government, MCC may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such . Such grant of additional Program Funding will be in writing and subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature signing of this Compact, MCC hereby grants shall grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Four Million Sixty Thousand United States Dollars (US$25,060,0004,000,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by to facilitate implementation of the PartiesCompact, which may include use including for the following purposes: (i) project financial management and procurement activities for the KALAHI-CIDSS Project(including costs related to agents procured by MCC to provide standby fiscal and procurement agent services, if required); (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a project management company for the Secondary National Roads Development Projectadministrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility studies; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact, this Section 2.2 and other provisions of this Compact necessary to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement disbursement as set forth in Annex IV. (dc) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will shall be reduced by the Excess CIF Amount, and MCC will shall have no further obligations with respect to such Excess CIF Amount. (ed) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will shall be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature the provisional application of this CompactCompact in accordance with Section 7.5, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Ten Million Sixty Thousand United States Dollars (US$25,060,00010,000,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by to facilitate implementation of the PartiesCompact, which may include use including for the following purposes: (i) project financial management and procurement activities for the KALAHI-CIDSS Project(including costs related to agents procured by MCC to provide standby fiscal and procurement agent services, if required); (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility, design and other project management company for preparatory studies (including the Secondary National Roads Development ProjectRoad Maintenance Study, as defined in Annex I hereto); and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The multi-year budget allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact7.5, this Section 2.2 and other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature the signing of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five One Million Sixty Three Hundred Fifty-Two Thousand United States Dollars (US$25,060,00021,352,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Partiesto facilitate implementation of this Compact, which may include use including for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility, design, and other project management company for the Secondary National Roads Development Projectpreparatory studies and activities; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact7.5, this Section 2.2 and other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature of this Compact, MCC hereby grants to the GovernmentNamibia, under the terms of this Compact, in addition to the Program Funding described in Section 2.1, an amount not to exceed TwentyNineteen Million Five Hundred Forty-Three Thousand One Hundred Seventy-Five Million Sixty Thousand United States Dollars (US$25,060,00019,543,175) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Parties, which may include use Namibia for the following purposes: (i) project management fiscal and procurement administration activities and costs (including, for the KALAHI-CIDSS Projectexample, costs related to standby agents procured by MCC); (ii) procurement administrative activities including start-up costs such as staff salaries and establishment administrative support expenses such as rent, computers and other information technology or capital equipment; (iii) baseline surveys for monitoring and evaluation; (iv) additional work for feasibility studies and development of a project management company for the Secondary National Roads Development Projecttechnical scopes; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother Compact implementation activities approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this Compact. (b) In accordance with Notwithstanding Section 7.4 7.3 of this Compact, as of the date that this Compact is signed by MCC and Namibia (i) this Section 2.2 shall be effective, and (ii) any other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will shall be effective, effective for purposes of Compact Implementation Funding only, as provided that the MCA-Namibia Procurement Rules will only be effective after ratification of the date this Compact is signed by MCC and the GovernmentNamibia. (c) Each Disbursement (as defined in Section 2.4) of Compact Implementation Funding is shall be subject to satisfaction of the conditions to such Disbursement disbursement as set forth in on Annex IV. (d) If, after the first anniversary of this Compact entering into force, MCC determines that the full amount of Compact Implementation Funding under Section 2.2(a) of this Compact exceeds the amount which reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact, MCC, by written notice to the GovernmentNamibia, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government Namibia under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its MCC’s option by written notice to the GovernmentNamibia, may elect to grant to the Government Namibia an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature the signing of this Compact, MCC hereby grants will grant to the Government, under the terms of this Compact, Compact and in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Twenty Eight Million Sixty Nine Hundred Thousand United States Dollars (US$25,060,00028,900,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Partiesto facilitate implementation of this Compact, which may include use including for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities (including start-up costs such as staff salaries) and establishment of a administrative support expenses such as rent, computers and other information technology or capital equipment; (iii) monitoring and evaluation activities; (iv) feasibility, design and other project management company for the Secondary National Roads Development Projectpreparatory studies; and (iiiv) technical assistance for advisory services for the Revenue Administration Reform Projectother activities to facilitate Compact implementation as approved by MCC. The allocation of Compact Implementation Funding is generally described in Annex II to this CompactII. (b) In accordance with Section 7.4 of this Compact7.5, this Section 2.2 and other provisions of this Compact necessary applicable to make use of Compact Implementation Funding for the purposes set forth herein, will be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions precedent to such Disbursement disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, If MCC determines that the full amount of Compact Implementation Funding available under Section 2.2(a) of this Compact exceeds the amount which that reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact), MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in available under Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact

Compact Implementation Funding. (a) Upon signature of this Compact, MCC hereby grants to the Government, under the terms of this Compact, in addition to the Program Funding described in Section 2.1, an amount not to exceed Twenty-Five Million Sixty Thousand United States Dollars (US$25,060,0005,000,000) (“Compact Implementation Funding”) under Section 609(g) of the Millennium Challenge Act of 2003, as amended (the “MCA Act”), for use by the Government as agreed by the Parties, which may include use for the following purposes: (i) project financial management activities for the KALAHI-CIDSS Projectand procurement activities; (ii) procurement administrative activities including start-up costs such as staff salaries and establishment of a project management company for the Secondary National Roads Development Projectadministrative support expenses such as office equipment, and computers and other information technology or capital equipment; and (iii) technical assistance for advisory services for the Revenue Administration Reform Projectother Compact implementation activities approved by MCC. The allocation of Compact Implementation Funding among uses is generally described in Annex II to this Compact. (b) In accordance with Notwithstanding Section 7.4 7.3 of this Compact, this Section 2.2 and any other provisions of this Compact necessary to make use of Compact Implementation Funding for the purposes set forth herein, will shall be effective, for purposes of Compact Implementation Funding only, as of the date this Compact is signed by MCC and the Government. (c) Each Disbursement of Compact Implementation Funding is subject to satisfaction of the conditions to such Disbursement disbursement as set forth in Annex IV. (d) If, after the first anniversary of this Compact entering into force, MCC determines that the full amount of Compact Implementation Funding under Section 2.2(a) of this Compact exceeds the amount which reasonably can be utilized for the purposes and uses set forth in Section 2.2(a) of this Compact, MCC, by written notice to the Government, may withdraw the excess amount, thereby reducing the amount of the Compact Implementation Funding as set forth in Section 2.2(a) (such excess, the “Excess CIF Amount”). In such event, the amount of Compact Implementation Funding granted to the Government under Section 2.2(a) will be reduced by the Excess CIF Amount, and MCC will have no further obligations with respect to such Excess CIF Amount. (e) MCC, at its option by written notice to the Government, may elect to grant to the Government an amount equal to all or a portion of such Excess CIF Amount as an increase in the Program Funding, and such additional Program Funding will be subject to the terms and conditions of this Compact and any relevant supplemental agreement applicable to Program Funding.

Appears in 1 contract

Sources: Millennium Challenge Compact