Local Fund Agent Clause Samples
The Local Fund Agent clause designates a specific entity or individual within a particular jurisdiction to act as the agent responsible for managing, administering, or overseeing certain financial transactions or funds on behalf of the parties involved. Typically, this agent may handle tasks such as processing payments, monitoring compliance with local regulations, or serving as a point of contact for fund-related matters within the specified region. By appointing a Local Fund Agent, the clause ensures that local legal and operational requirements are met efficiently, thereby facilitating smooth financial operations and reducing the risk of non-compliance with regional laws.
Local Fund Agent. The Global Fund may retain the services of a Local Fund Agent (the “LFA”) to perform certain functions on behalf of the Global Fund. Each of the CCM and the CCM Funding Recipient shall cooperate fully and actively with the LFA to permit the LFA to carry out its functions in a timely and efficient manner. To this end, the CCM and the CCM Funding recipient shall, in particular, submit all required reports to the LFA, allow the LFA access to review the CCM Funding Recipient’s books and records relating to the funding provided under this Agreement, permit the LFA to perform ad hoc site visits at the times decided by the LFA, permit the LFA to interview its personnel, and cooperate in any other way that the Global Fund may specify.
Local Fund Agent. 6.1 The Global Fund may retain the services of a Local Fund Agent (the “LFA”) to perform certain functions on behalf of the Global Fund.
6.2 Each of the CCM and the CCM Funding Recipient shall cooperate fully and actively with the LFA to permit the LFA to carry out its functions. To this end, each of the CCM and the CCM Funding Recipient shall, in particular, submit all required reports to the LFA, allow the LFA access to review the CCM Funding Recipient’s books and records relating to the funding provided under this Agreement, permit the LFA to perform ad hoc site visits at the times decided by the LFA, permit the LFA to interview its personnel, and cooperate in any other way that the Global Fund may specify.
6.3 The LFA may collect or seek to collect data, and it is possible that such data may contain Personal Data. Prior to collection, and at all times thereafter, each of the CCM and the CCM Funding Recipient shall take all necessary actions to ensure that the transfer of such information to the LFA does not violate any applicable law or regulation.
Local Fund Agent. 6.1 The Global Fund may retain the services of a Local Fund Agent (the “LFA”) to assist the Global Fund in overseeing the implementation of this Agreement. The CCM Funding Recipient shall cooperate fully with the LFA to permit the LFA to carry out its functions, including by making available to the Global Fund and the LFA all relevant financial information drawn from relevant accounts and records.
6.2 The LFA may collect or seek to collect data on behalf of the Global Fund, and it is possible that such data may contain Personal Data. Prior to collection, and at all times thereafter, each of the CCM and the CCM Funding Recipient shall take all necessary actions to ensure that the transfer of such information to the LFA does not violate any applicable law or regulation.
Local Fund Agent. 6.1 The Global Fund may retain the services of a Local Fund Agent (“LFA”) to assist the Global Fund in overseeing the implementation of this Agreement. The CCM Funding Recipient, subject to its rules, procedures and administrative practices, shall cooperate fully with the LFA to permit the LFA to carry out its functions, including by making available to the Global Fund and the LFA relevant financial information, as per sections 7.5 and 7.6 below, drawn from relevant accounts and records.
6.2 The Global Fund may, in its sole discretion, decide to replace the LFA or designate an alternative principal representative of the LFA and shall inform the CCM Funding Recipient accordingly.
Local Fund Agent. The Global Fund may retain the services of a Local Fund Agent (the “LFA”) to assist the Global Fund in overseeing the implementation of this Agreement. The CCM Funding Recipient shall cooperate fully with the LFA to permit the LFA to carry out its functions, including by making available to the Global Fund and the LFA all relevant financial information drawn from relevant accounts and records.
Local Fund Agent. 6.1 The Global Fund may retain the services of a Local Fund Agent (the “LFA”) to perform certain functions on behalf of the Global Fund. The CCM shall cooperate fully and actively with the LFA to permit the LFA to carry out its functions. To this end, the CCM shall, in particular, submit all required reports to the LFA, allow the LFA access to review the CCM’s books and records relating to the funding provided under this Agreement, permit the LFA to perform ad hoc site visits at the times decided by the LFA, permit the LFA to interview its personnel, and cooperate in any other way that the Global Fund may specify.
6.2 The LFA may collect or seek to collect data, and it is possible that such data may contain Personal Data. Prior to collection, and at all times thereafter, the CCM shall take all necessary actions to ensure that the transfer of such information to the LFA does not violate any applicable law or regulation.
Local Fund Agent. 6.1 The Global Fund has retained the services of a Local Fund Agent (the “LFA”), as indicated in block 10 of the face sheet of this Agreement, to assist the Global Fund in overseeing the implementation of this Agreement. The CCM Funding Recipient shall cooperate fully with the LFA to permit the LFA to carry out its functions, including by making available to the Global Fund and the LFA all relevant financial information drawn from relevant accounts and records.
6.2 For purposes of this Agreement, the principal representative of the LFA shall be the person named or acting in the position identified in block 10 of the face sheet of this Agreement. The Global Fund may, in its sole discretion, decide to replace the LFA or designate an alternative principal representative of the LFA and shall inform the CCM Funding Recipient accordingly.
Local Fund Agent