Common use of Issuance of Funding Commitment Clause in Contracts

Issuance of Funding Commitment. The MC's approval of funding commitment for a project shall be officially conveyed by a letter from the Chairman of the MC to the proponent, accompanied by the approved (signed) annualized budget, with copies to the ASEAN National Secretariats. Upon receipt of the copy of the approved budget, the ASEAN National Secretariat of the country hosting the project shall take steps to obtain the names and validate the specimen signatures of the Project Manager and/or his representatives who are to be held accountable for the amounts disbursed under the Fund. The names and specimen signatures shall be submitted to the ASEAN Secretariat.

Appears in 2 contracts

Samples: Agreement on the Establishment of a Fund for Asean, Agreement on the Establishment of a Fund for Asean

AutoNDA by SimpleDocs

Issuance of Funding Commitment. 10. The MC's approval of funding commitment for a project shall be officially conveyed by a letter from the Chairman of the MC to the proponent, accompanied by the approved (signed) annualized budget, with copies to the ASEAN National Secretariats. 11. Upon receipt of the copy of the approved budget, the ASEAN National Secretariat of the country hosting the project shall take steps to obtain the names and validate the specimen signatures of the Project Manager and/or his representatives who are to be held accountable for the amounts disbursed under the Fund. The names and specimen signatures shall be submitted to the ASEAN Secretariat.

Appears in 1 contract

Samples: Agreement on the Establishment of a Fund for Asean

AutoNDA by SimpleDocs

Issuance of Funding Commitment. β€Œ 10. The MC's approval of funding commitment for a project shall be officially conveyed by a letter from the Chairman of the MC to the proponent, accompanied by the approved (signed) annualized budget, with copies to the ASEAN National Secretariats. 11. Upon receipt of the copy of the approved budget, the ASEAN National Secretariat of the country hosting the project shall take steps to obtain the names and validate the specimen signatures of the Project Manager and/or his representatives who are to be held accountable for the amounts disbursed under the Fund. The names and specimen signatures shall be submitted to the ASEAN Secretariat.

Appears in 1 contract

Samples: Agreement on the Establishment of a Fund for Asean

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!