GFTC definition
Examples of GFTC in a sentence
GPG shall, and shall cause GFTC and the EPP-PMO to, (i) select and approve subprojects in accordance with the criteria and procedures stipulated in Schedule 4 to the FFA; and (ii) execute each Subloan Agreement and Subproject Agreement on terms and conditions as referred to in Section 3.02(c) of this Loan Agreement and Sections 2.03 and 2.04 of the Project Agreement.
GPG shall, and shall cause the EPP-PMO and GFTC to, comply with ADB's Anticorruption Policy (1998, as amended to date).
To support these efforts, GPG shall, and shall cause the EPP-PMO and GFTC to, ensure that all contracts financed by ADB in connection with the Project shall include provisions specifying the right of ADB to audit and examine the records and accounts of the EPP-PMO, GFTC, subborrowers and all contractors, suppliers, consultants, and other service providers as they relate to the Project and subprojects.
GPG shall cause GFTC to not make a subloan to any subborrower unless such subborrower has at its disposal, or has made appropriate arrangements to obtain as and when required, all local currency funds, including adequate working capital, and other resources which are required by such subborrower for the carrying out of its subproject in respect of which the subloan is to be made.
The Borrower shall enable ADB's representatives to inspect any subborrower, any subproject, Goods and Works financed out of the proceeds of the Loan, and any relevant records and documents maintained by GFB and GFTC.
The first installment shall be billed as part of the Q1 billing cycle (to be paid by GFTC in Q2) and the second installment shall be billed as part of the Q3 billing cycle (to be paid by GFTC during Q4 2007).
The Borrower shall cause GPG and GFTC to promptly take all action, including the provision of funds, facilities, services and other resources, which shall be necessary on its part to enable relevant agencies of GPG and GFTC to perform their respective obligations under the Project Agreement, and shall not take or permit any action which would interfere with the performance of such obligations.
At any time during such additional periods, this Agreement may be terminated by Fidelity giving 90 days prior written notification to GEFTC, or by GFTC giving 90 days prior written notice to Fidelity, and such termination shall be effective as of the end of such 90-day period.
With respect to the billing of charges associated with the annual GFTC rebalancing only, such charges will be billed directly to GFTC in two separate installments.
The second installment will only be due and payable to Fidelity if a mutually agreed upon set of services (outlined in Section 3) are materially delivered and implemented in accordance with the good faith amendment process outlined in section 3, unless any such failure by Fidelity to meet the requirements outlined in Section 3 below is materially due to the action or inaction of GFTC in which case the second installment shall be due.