1. Unless otherwise stated in the Award Summary, CRDF will make payments to the FPO (or a Secondary Collaborator) for Institutional Support upon receipt of [i] ⌠Request for Payment■ form(s) with such information and certifications as CRDF may require, and [ii] a report, acceptable to CRDF, on the receipt and disposition of all previous payments, in accordance with the following schedule:

   	Payment 1	50% of approved Institutional Support amount will be advanced to the FPO upon Award Activation.
   	Payment 2	25% of approved Institutional Support will be advanced to the FPO at the midpoint of the agreement term; and
   	Final Payment	25% of approved Institutional Support as reimbursement for costs incurred prior to the expiration of this Agreement and not covered by institutional support funds previously paid to the FPO.

2. Institutional Support will be paid to the currency account of the FPO identified at the time of award activation. This account must be legally-registered and held at a legally-recognized and fully-licensed financial institution located within the FPO's home country. The FPO will promptly inform CRDF, in writing, of any change in this account information. CRDF reserves the right to designate the use of a specific banking institution for the handling of such funds at any time during the term of this Agreement.

3. Institutional Support funds must be utilized for direct and/or indirect institutional expenses related to the execution of the Project. Such costs may include, but are not limited to, renovation to research facilities, payment of utilities costs and administrative expenses related to the Project, and other Project-related costs.

4. Taxes and duties are not allowable costs for Institutional Support funds and no funds provided by CRDF may be used for such expenses.

Privacy Policy |  Where We Work

an iapps site