Examples of Partner Entities in a sentence
The Trustee shall furnish the Steering Committee and each Donor with: (a) copies of all unaudited or audited financial reports; and (b) any other relevant financial information received from the Partner Entities.
The Trustee shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements to Partner Entities made therefrom.
In the absence of a UNFCCC mechanism for REDD+, the Guyanese and Norwegian Governments have invited the IDB, the World Bank and members of the United Nations Development Group to act as GRIF Partner Entities, and the World Bank to act as Trustee.
The Trust Fund funds may also be used to cover the Administrative Fees incurred by the Partner Entities.
The Trustee shall, subject to Section B.9.1 below, commit up to the maximum amount of the Trust Fund funds allocated by the Steering Committee and transfer such amount: (a) to the Partner Entities, including the World Bank in its role as a Partner Entity, in accordance with the Transfer Agreements and (b) to the Secretariat in accordance with the MOU.
The Trustee provides administrative and financial services to the HRF Steering Committee and donors, by receiving contributions from donors to the FIF, investing liquid assets pending cash transfer, and transferring funds to the HRF Partner Entities.
For transfers to Partner Entities, the Bank’s role shall be solely as Trustee of the Trust Fund, unless the Bank itself is the Partner Entity.
The Trustee has committed and transferred the project and the partner entity fees amount to the respective Partner Entities based on the approval of their complete project documents, and administrative budget to the Trustee and the Secretariat.
The Trustee shall require, and accept from, the Partner Entities that have received Trust Fund funds from the Trustee, periodic unaudited financial reports and/or an audited financial report, as well as other relevant financial information, as required by the Steering Committee.
For transfers to Partner Entities, including the World Bank, categories of expenditure will be determined by the policies and procedures of the Partner Entity, and with the approval and instruction of the Steering Committee, and may include costs for Project and/or Program preparation and supervision.