Common use of Contributions and Administration Clause in Contracts

Contributions and Administration. 1. The ASEAN Member Countries shall complete their contributions to the ASEAN Science Fund in annual installments according to the schedule of payment annexed as Annex I, and considered an integral part of this Agreement. 2. All contributions shall be made in US dollars, payable to the ASEAN Science Fund. 3. In addition to the contributions of the ASEAN Member Countries, the ASEAN Science Fund shall also be open for contributions from third countries, international bodies and other sources. Contributions paid into the ASEAN Science Fund shall belong to ASEAN and shall be held in the custody of the ASEAN Secretariat. 4. The ASEAN Science Fund shall be administered solely by ASEAN.

Contributions and Administration. 1. The ASEAN Member Countries shall complete their contributions to the ASEAN Science Fund in annual installments according to the schedule of payment annexed as Annex I1, and considered an integral part of this Agreement.. ' 2. All contributions shall be made in US dollars, payable to the ASEAN Science Fund. 3. In addition to the contributions of the ASEAN Member Countries, the ASEAN Science Fund shall also be open for contributions from third countries, international bodies and other sources. Contributions paid into the ASEAN Science Fund shall belong to ASEAN and shall be held in the custody of the ASEAN Secretariat. 4. The ASEAN Science Fund shall be administered solely by ASEAN.