Fund Project definition
Examples of Fund Project in a sentence
The General Partner and Ukraine further agree that, for each Fund Project, they shall ensure that DFC participate directly in the governance of such Fund Project, via means such as allocation of board seats, advisory committee seats, etc., as permissible given the nature of the investment being made by the Partnership in such Fund Project.
The Partnership will transfer to the Investment Account an amount up to 100% of Fund Project Earnings and Royalty Interest Earnings (at such times and in such amounts as determined by the General Partner) for reinvestment in Eligible Projects as further specified in Schedule II hereto and subject to such other terms and conditions laid out herein and as shall be established by the General Partner and approved by the USA Managers in their sole discretion.
Further, the General Partner and Ukraine agree that in order to ensure the efficacy of such policies and procedures, they shall ensure that DFC or a USG Designee shall have rights of inspection and access to the books and records, upon reasonable notice, of all Fund Projects, and shall have the right to require an independent third party audit of such policies and procedures for any Fund Project, and such other rights in respect of this Section 12.4(b) as DFC deems necessary in its reasonable discretion.
The General Partner and Ukraine further agree that, for each Fund Project, they shall ensure that each Project Sponsor agree to adopt certain policies and procedures in order to implement anti-corruption, know-your-customer, anti-money laundering and other such financial controls, as shall be communicated by DFC from time to time.