Indirect Management definition

Indirect Management means a specific modality of EU budget implementation by which the Commission entrusts the administration of EU funds to entities, including international organisations, fulfilling the EU financial requirements on accounting, audit, internal control and rules for procurement, grant award and financial instruments;
View Source

Examples of Indirect Management in a sentence

  • Promptly following the repurchase of Corresponding Direct Management Units and payment therefor pursuant to this Section 11.04, UFC Management Holdco shall repurchase from the applicable Indirect Management Member the Indirect Management Repurchase Units.

  • The Put Notice shall set forth the number and class of Corresponding Direct Management Units to be repurchased by the Company and shall include a copy of any notice(s) delivered in connection with the Indirect Management Repurchase.

  • II shall reimburse DURA out of Available Funds for all of (a) the Direct Development Costs plus a fee equal to twenty-five percent (25%) of all of such costs (the "Management Fee"), PROVIDED that the cost to DURA of services provided by Affiliates of DURA shall not exceed the cost to each Affiliate of providing such services, and (b) the Indirect Development Costs plus a fee equal to twenty percent (20%) of all such costs (the "Indirect Management Fee"), invoiced to ▇▇▇▇▇▇ Corp.

  • EU Management modes – Choosing the Management mode Direct Management BETF Indirect Management RETF (as part of a Hybrid TF) Hybrid TF Indirect Management Commission and World Bank Group (WBG) entity staff must agree on the management mode for the entire Action to be financed under the Trust Fund.

  • When the WBG entity receives funds under indirect management it shall supervise and manage the undertaking of the action and enter into contracts and/or Grant Agreements in accordance with its policies and procedures subject to Hybrid Trust Funds are trust funds that include both BETF and RETF components; they are to be managed under Indirect Management.

  • For actions administered by the IMF and financed or co-financed by the European Union where such financing or co-financing is entrusted by the Commission or by the partner country to the IMF under Indirect Management, any provisions specific to such Delegation Agreements shall be negotiated in advance of such actions to supplement this Agreement, which does not encompass the PAGoDA provisions applicable to Delegation Agreements.

  • For actions administered by the IDB and financed or co-financed by the EU where such financing or co-financing is entrusted by the Commission or by a partner country to the IDB under Indirect Management, the PAGoDA provisions for Delegation Agreement (Special Conditions for EU Delegation Agreement and its Annexes) shall apply with the provisions set out in Part II of this Agreement, subject to the positive outcome of the IDB pillars assessment.

  • Implementation mode Indirect Management: Technical Assistance Unit (TAU) under the supervision of the ACP Secretariat.

  • For actions administered by the ▇▇▇ and financed or co-financed by the European Union where such financing or co-financing is entrusted by the Commission or a partner country to the ▇▇▇ under Indirect Management, the PAGoDA provisions for Delegation Agreement (Special Conditions for EU Delegation Agreement and its Annexes) shall apply with the provisions set out in Part II of this Agreement, subject to the positive outcome of the ▇▇▇ pillars assessment.

  • II shall reimburse DURA out of Available Funds for all of (a) the Direct Development Costs plus a fee equal to twenty-five percent (25%) of all of such costs (the "Management Fee"), PROVIDED that the cost to DURA of services provided by Affiliates of DURA shall not exceed the cost to each Affiliate of providing such services, and (b) the Indirect Development Costs plus a fee equal to fifteen percent (15%) of all such costs (the "Indirect Management Fee"), invoiced to ▇▇▇▇▇▇ Corp.