TOTAL FUNDING CEILING AND PAYMENTS Sample Clauses

TOTAL FUNDING CEILING AND PAYMENTS. Calculations of the Total Funding Ceiling are provided in Annex II. The Total Funding Ceiling includes both Direct Costs and Indirect Costs of the UN Partner explained in Annex V. Cumulative disbursements under this Agreement shall not exceed the Total Funding Ceiling unless it is revised through a written amendment approved by the Bank in response to the Government’s request. The Government confirms to the UN Partner that the Government’s disbursements under this Agreement are, in all respect, consistent with the terms and conditions of the Financing Agreement, and no party other than the Government shall derive any rights from the Financing Agreement or have any claim to the Financing proceeds. The payments to the UN Partner under this Agreement shall be made in accordance with the Payment Schedule. The Government will make the payments (either directly or by authorizing the Bank to pay on the Government’s behalf) to the UN Partner account, by wire transfer against the documents set out in the Payment Schedule. All payments will be made in United States dollars. The UN Partner will receive and administer the funds received under this Agreement in accordance with the UN Partner’s regulations, rules, policies and procedures. Any interest derived by the UN Partner from the funds received under this Agreement will be dealt with in accordance with the UN Partner’s regulations, rules, policies and procedures. The UN Partner will maintain a separate identifiable fund code (ledger account or “Account”) to which all UN Partner’s receipts and disbursements for the purposes of this Agreement will be recorded. The ledger account shall be subject exclusively to the UN Partner’s internal and external audit in accordance with the UN Partner’s financial regulations and rules. The Parties acknowledge that the UN Partner’s financial books and records are routinely audited in accordance with the internal and external auditing procedures laid down in the UN Partner’s financial regulations and rules, and that the external auditors of the UN Partner are appointed by and report to the UN Partner’s policymaking organ. Throughout the term of this Agreement, the UN Partner will ensure that its audited accounts and the External Auditors’ Report are posted on its website within ten (10) days of their becoming public documents by reason of being presented to the UN Partner’s policymaking organ. In the event that the final financial statement to be provided under Xxxxx XXX (the “Fina...
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TOTAL FUNDING CEILING AND PAYMENTS. 6. Calculations of the Total Funding Ceiling are provided in Annex II. The Total Funding Ceiling includes both Direct Costs and Indirect Costs of the UN Partner explained in Annex V.
TOTAL FUNDING CEILING AND PAYMENTS. 4. The Government shall be responsible for promptly paying all amounts indicated in any Pro Forma Invoice(s) accepted by the Government, either directly of by authorizing the Bank to pay on the Government’s behalf.
TOTAL FUNDING CEILING AND PAYMENTS. Cumulative payments (disbursements) by the Government under this Agreement shall not exceed the Total Funding Ceiling unless it is revised through a written amendment approved by the Bank. The UN Partner takes note that the Government’s disbursements are subject, in all respects, to the terms and conditions of the Financing Agreement; and no party other than the government shall derive any rights from the Financing Agreement or have any claim to the Financing proceeds. The payments under this Agreement shall be made by the Government upon receipt of the Pro Forma Invoice (Annex II). All payments to the UN Partner under this Agreement will be made in United States dollars. The UN Operational Rate of Exchange shall be used for converting expenditures to suppliers made in other currencies. UNOPS ledger account established for the purpose of recording use of funds related to this Agreement shall be subject exclusively to internal and external audit in accordance with UNOPS financial regulations and rules, and that the eternal auditors of UNOPS, the United Nations Board of Auditors, are appointed and report to the United Nations General Assembly, of which the government of the Government is a member. Throughout the term of this Agreement, UNOPS will ensure that its audited accounts and the External Auditors’ Report is posted on its website within ten (10) days of these becoming public documents by reason of being presented to the United Nations General Assembly.
TOTAL FUNDING CEILING AND PAYMENTS. 4. Calculations of the Total Funding Ceiling, including calculation of direct costs and indirect costs of the UN Partner, are set forth in in Annex I.

Related to TOTAL FUNDING CEILING AND PAYMENTS

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  • Pricing and Payments 4.1 In exchange for the Deliverables, the Supplier must invoice the Buyer for the Charges as determined in accordance with Schedule 2 (Charges). Invoices shall be issued either on completion of Delivery of the Deliverables or as otherwise described in Schedule 2 (Charges).

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  • Computation and Payment Interest shall be computed on the basis of a 360-day year, actual days elapsed. Interest shall be payable at the times and place set forth in each promissory note or other instrument or document required hereby.

  • Calculation and Payment of Interest (a) Interest on the outstanding principal amount from time to time of each Base Rate Canada Loan shall accrue from day to day from and including the date on which credit is obtained by way of such Loan to but excluding the date on which such Loan is repaid in full (both before and after maturity and as well after as before judgment) and shall be calculated on the basis of the actual number of days elapsed divided by 365 or 366, as the case may be.

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