International Finance Facility for Immunisation Company

TO PROMOTE THE EFFECTIVE USE OF THE RESOURCES OF GAVI ORGANISATIONS FOR CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC BY PROVIDING SERVICES AND FACILITIES WHICH WILL ASSIST GAVI ORGANISATIONS TO RAISE FUNDS. SUCH PROVISION OF SERVICES AND FACILITIES MAY INCLUDE, BUT WILL NOT BE LIMITED TO, THE CHARITY BORROWING MONEY BY ANY MEANS ON THE SECURITY OF COVENANTS OR OTHER AGREEMENTS WHEREBY GOVERNMENTS PROMISE FUNDS TO GAVI ORGANISATIONS FOR CHARITABLE PURPOSES AND, IN CONNECTION WITH SUCH BORROWING, OBTAINING ANY OTHER KIND OF FINANCIAL ACCOMMODATION OR ENTERING INTO ANY HEDGING ARRANGEMENT.IN THIS CLAUSE:I 'CHARITABLE PURPOSES' MEANS THE RELIEF OF SICKNESS AND THE PROMOTION, PROTECTION AND PRESERVATION OF GOOD HEALTH AMONG PEOPLE IN DEVELOPING COUNTRIES;II 'GAVI ORGANISATIONS' MEANS THE GAVI FUND AFFILIATE AND OTHER CHARITIES AND VOLUNTARY ORGANISATIONS SUPPORTED BY OR ASSOCIATED WITH THE GLOBAL ALLIANCE FOR VACCINATION AND IMMUNISATION (GAVI).III 'VOLUNTARY ORGANISATIONS' MEANS INDEPENDENT ORGANISATIONS WHICH ARE ESTABLISHED FOR PURPOSES THAT BENEFIT THE COMMUNITY AS A WHOLE, OR A SIGNIFICANT SECTION OF THE COMMUNITY, AND WHICH ARE NOT PERMITTED BY THEIR CONSTITUTION TO MAKE A PROFIT FOR PRIVATE DISTRIBUTION.