Readiness Fund definition
Examples of Readiness Fund in a sentence
On or before termination of the Facility, the Participants may decide to continue the business of the Facility by unanimous vote of all the Participants, provided that, the Trustee will continue to serve as trustee of the Readiness Fund and/or the Carbon Fund, only if the Board of Executive Directors have expressly agreed to the extension and to the terms of such extension.
During the period of employment, RAI shall pay to Yxxxxx "Base Compensation" to be established by the Board, which was initially as of the date of the Existing Agreement in an amount equal to Two Hundred Ten Thousand Dollars ($210,000) per annum base compensation (the “Initial Level”).
As explained in section 2, Shared Costs are directly related to the Readiness Fund expenses in two key cross cutting areas: FCPF Secretariat and REDD Methodology Support costs.
The agreed split is that those costs are covered 65% by the Readiness Fund 35% by the Carbon Fund (per the FCPF Charter).
Readiness Fund Common Approach to Environmental and Social Safeguards for Multiple Delivery Partners.
Agency will pay the Grant Funds from monies available through both the High School Graduation and College and Career Readiness Fund and the Statewide Education Initiatives Account (“Funding Source”).
Upon the set-up of the FCPF an agreement on ‘Shared Costs’, that is costs of activities that cut across both the Readiness Fund and Carbon Fund, was agreed.
Notwithstanding anything to the contrary herein, the Key Stockholder shall not be obligated to vote in favor of the Merger or the Merger Agreement in the event that any of the terms or conditions of the Merger Agreement are amended or modified in any respect that (i) has a material adverse effect on the rights or obligations of the Key Stockholder or (ii) changes the amount of the Company Merger Consideration.
The FCPF Readiness Fund requires that benefit sharing arrangements be assessed as part of national ‘readiness’ preparations, and requires countries to have a Benefit Sharing Plan under its Carbon Fund, but has also commented that a prescriptive approach to benefit sharing is unlikely to be effective.
The Facility shall become operational upon the Operational Date of the Readiness Fund.