MCC Disbursement definition

MCC Disbursement means the disbursement of MCC Funding by MCC to a Permitted Account or through such other mechanism agreed by the Parties as defined in and in accordance with Section 2.1(b)(i) of this Compact.
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MCC Disbursement shall have the meaning set forth in Exhibit A of the Compact.
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MCC Disbursement means the release of MCC Funding to a Permitted Account or through such other mechanism agreed by the Parties. MCC Disbursement Request is the applicable request that the Government and MCA-Honduras will jointly submit for an MCC Disbursement as may be specified in the Disbursement Agreement.
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Examples of MCC Disbursement in a sentence

  • Prior to, and as condition precedent to, any MCC Disbursement or Re-Disbursement, the Government shall satisfy, or ensure the satisfaction of, all applicable conditions precedent in the Disbursement Agreement.

  • No financial commitment involving MCC Funding shall be made, no obligation of MCC Funding shall be incurred, and no Re-Disbursement shall be made or MCC Disbursement Request submitted for any activity or expenditure, unless the expense is provided for in the Detailed Financial Plan and unless uncommitted funds exist in the balance of the Detailed Financial Plan for the relevant period or unless the Parties otherwise agree in writing.

  • As a condition to each MCC Disbursement or Re-Disbursement there shall be satisfactory progress on the M&E Plan for the relevant Project or Project Activity, and substantial compliance with the M&E Plan, including any reporting requirements.

  • The Evaluation Component shall contain two types of reports: Final Evaluations and Ad Hoc Evaluations, and shall be finalized before any MCC Disbursement or Re-Disbursement for specific Program activities or Project Activities.

  • Unless the Parties otherwise agree in writing, prior to, and as a condition precedent to, the initial MCC Disbursement or Re-Disbursement with respect to certain Project Activities, the baseline data or report, as applicable and as specified in the Disbursement Agreement, with respect to such Project or Project Activity must be completed in form and substance satisfactory to MCC.

  • Unless the Parties otherwise agree in writing, no financial commitment involving MCC Funding shall be made, no obligation of MCC Funding shall be incurred, and no Re-Disbursement shall be made or MCC Disbursement Request shall be submitted, for any activity or expenditure unless the expense for such activity or expenditure is provided for in the Detailed Budget, and unless uncommitted funds exist in the balance of the Detailed Budget for the relevant period.

  • Plans for each type of evaluation will be finalized before MCC Disbursement for specific Program or Project activities.

  • In the event that the Working Capital in the Permitted Accounts is below the Working Capital Deposit Amount, any subsequent MCC Disbursement Request may include a request for replenishment of the Working Capital equal to the difference between the Working Capital Deposit Amount and the aggregate amount of Working Capital then in the Permitted Accounts.

  • MCA- Vanuatu shall provide, or shall cause the Bank to provide, in writing to MCC the designated account number and wire transfer instructions for the Permitted Accounts (the “Permitted Account Information”) no later than ten (10) business days prior to the initial MCC Disbursement.

  • Subject to Section 5.17 of the Compact, MCA-Vanuatu shall post, or cause to be posted, a copy of this Agreement and each MCC Disbursement Request on the MCA-Vanuatu Website and provide such other appropriate publicity to this Agreement that MCC requests.