Examples of Special Commitment in a sentence
A recurring issue through the evaluation exercises undertaken as part of GO Wales Phase 5 are the implications of a delivery approach which includes a substantial scope for institutional variation rather than a prescriptive model cast down from the centre.
If the Borrower has failed to pay any required Loan Payment (otherwise than as a result of any act or omission to act of the Guarantor) and such payment is made by the Guarantor, the Guarantor may, after consultation with the Bank, by notice to the Bank and the Borrower, terminate its obligations under the Guarantee Agreement with respect to any amount of the Unwithdrawn Loan Balance as at the date of receipt of such notice by the Bank; provided that such amount is not subject to any Special Commitment.
No cancellation or suspension by the World Bank shall apply to amounts subject to any Special Commitment, except as expressly provided in the Special Commitment.
The Borrower may, by notice to the Bank, cancel any amount of the Unwithdrawn Loan Balance, except that the Borrower may not cancel any such amount that is subject to a Special Commitment.
This section covers records relating to the Special Commitment Center.
For purposes of this Article, the Special Commitment Center (SCC) and the Secure Community Transition Facilities (SCTF) within the Department of Social and Health Services (DSHS) will be considered one (1) institution.
The Reimbursement, Special Commitment, and Direct Payment disbursement methods will also be available.
Two copies of the letter of credit and a copy of the contract or purchase order should be attached to the application.If the OPEC Fund approves the issuance of a special commitment, it sends the Special Commitment together with a copy of the letter of credit to the commercial bank of the supplier, referred to as the supplier’s bank.
After the letter of credit is issued with a valid expiry date, the Borrower completes and sends the Application for a Special Commitment (Form 2, see Annex) and the Summary Sheet for Special Commitment (Form 2a, see Annex) as an original and duly signed to the OPEC Fund.
The Recipient may, by notice to the World Bank, cancel any unwithdrawn amount of the Grant, except that the Recipient may not cancel any such amount that is subject to a Special Commitment.