Supporting Country definition

Supporting Country means any country or intergovernmental entity that enters into a Contribution Agreement committing the minimum required amount to the Trust Fund.
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Examples of Supporting Country in a sentence

  • After a review period of 14 calendar days following transmission of the notification by the Coordination Unit to the Steering Committee, such change is considered approved and may take effect, unless any Supporting Country objects to such change or requests further review by the Steering Committee in writing to the Coordination Unit during the review period.

  • In the event a Supporting Country or Benefitting Country wishes to propose an additional MDB or UN entity as an ISA for the CFF, the Steering Committee reviews the request and the Supporting Countries determine whether they are prepared on a consensus basis to approve such entity, subject to consent of the Trustee, as a Designated MDB or Designated UN Entity without an accreditation process.

  • Supporting Country Contributions are applied by the Trustee to one or more Windows, including a Global Window, as indicated in the relevant Contribution Agreement or amendment thereto, with funds pooled within each Window.

  • In specific cases where a Supporting Country is contributing funds only available for a particular Benefitting Country, such funds may be designated by the Supporting Country for, and received by the Trustee into, the relevant Country Window, such as the Lebanon Window or the Jordan Window.

  • Each Supporting Country and each Benefitting Country is a decision-making Member of the Steering Committee.

  • No additional designations or restrictions may be specified by a Supporting Country relative to its Contributions.

  • A Supporting Country may designate only one designated representative for the Steering Committee regardless of the number of its national or other entities contributing to the CFF.

  • Supporting Country Contributions to the Trust Fund can be provided in the form of cash, either in installments or as a one-time payment, in any freely convertible currency.

  • If after reviewing any information provided by the ISA, such Supporting Country continues to have a concern as to the manner in which such funds have been used, such Supporting Country may, on an exceptional basis, request the Steering Committee to cause the ISA to have accounts and reports related to such funds audited by the ISA’s external auditors on terms agreed between the Steering Committee (or a designated representative thereof) and the ISA, such agreement not to be unreasonably withheld.

  • The proposed project further complements ongoing and planned activities under the GEF/UNDP’s program on Supporting Country Action on the CBD Programme of Work on PAs by providing tangible examples on the ground for financing PAs and building human capacity through training.

Related to Supporting Country

  • Licensed financial institution means a financial institution issued a license under this act.

  • Territory means worldwide.

  • territory of the Union means the territories of the Member States to which the Treaty is applicable, under the conditions laid down in the Treaty, including their airspace.

  • Annual Financial Information means annual financial information as such term is used in paragraph (b)(5)(i) of the Rule and specified in Section 3(a) of this Disclosure Agreement.

  • Participating Country’ means any country that the Association determines meets the requirements set forth in Section 11 of Resolution No. 194 of the Board of Governors of the Association, adopted on April 8, 1999; and ‘Participating Countries’ means, collectively, all such countries."; and (b) The second sentence of Section 5.01 is modified to read: "Except as the Borrower and the Association shall otherwise agree, no withdrawals shall be made: (a) on account of expenditures in the territories of any country which is not a Participating Country or for goods produced in, or services supplied from, such territories; or (b) for the purpose of any payment to persons or entities, or for any import of goods, if such payment or import, to the knowledge of the Association, is prohibited by a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations." Section 1.02. Unless the context otherwise requires, the several terms defined in the General Conditions and in the Preamble to this Agreement have the respective meanings therein set forth and the following additional terms have the following meanings: