The Implementing Entity Clause Samples

The Implementing Entity. (i) undertakes to use reasonable efforts, consistent with its standard practices and procedures, including those pertaining to combating financing for terrorists, to ensure that the funds from the Grant funds provided to the Implementing Entity by the Trustee are used for their intended purposes and are not diverted to terrorists; (ii) shall not use the Grant funds for the purpose of any payment to persons or entities, or for the import of goods, if such payment or import is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations, including under United Nations Security Council Resolution 1373 and related resolutions; (iii) shall immediately inform the Board in the event the Grant funds are not being used or have not been used for the implementation of the Project or of any illegal or corrupt practice. The Implementing Entity consistent with its standard practices and procedures and integrity of the investigative process shall keep the Board informed of the progress of any formal investigation concerning the misuse of Grant funds and provide a final report to the Board on the findings of such investigation upon its conclusion; and (iv) shall include provisions corresponding to subparagraphs (i) - (ii) above in any agreements that the Implementing Entity enters into with Consultant(s) to which the Implementing Entity makes payments using Grant funds.