Examples of Transferred Funds in a sentence
Grant Funds and/or Transferred Funds may not exceed the balance of uncommitted funds in the Trust Fund net of the related fee.
For Eligible Transferee activities, the eligible expenditures applicable to Transferred Funds (as defined below) to an Eligible Transferee will follow such Eligible Transferee’s applicable policies and procedures.
The Bank shall enter into a transfer agreement (a “Transfer Agreement”) with an Eligible Transferee (as defined below) to set forth the terms and conditions of transfer and use of any Transferred Funds to such Eligible Transferee.
The following entities are eligible to become transferees of Transferred Funds (each an “Eligible Transferee”): International Finance Corporation (IFC), United Nations Development Programme (UNDP), United Nations International Children’s Emergency Fund (UNICEF), and World Health Organization (WHO).
Following the transfer of Transferred Funds by the Bank to an Eligible Transferee, the Eligible Transferee is responsible for the use of such funds and the activities carried out therewith, and the Bank has no further responsibility with respect to such funds.