Trustee of the Carbon Fund definition

Trustee of the Carbon Fund means the Bank acting not in its individual or personal capacity but solely in its capacity as trustee of the Tranches of the Carbon Fund;
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Examples of Trustee of the Carbon Fund in a sentence

  • The Bank shall be the Trustee of the Readiness Fund and the Trustee of the Carbon Fund.

  • The Trustee of the Carbon Fund shall have no liability to the Carbon Fund Participants as a result of the Trustee of the Carbon Fund’s determination to refrain from taking any such action or as a result of the failure of the Trustee of the Carbon Fund and the Carbon Fund Participants to reach such satisfactory arrangements in a timely manner or otherwise.

  • Section 20 (b) shall apply to the Trustee of the Readiness Fund and the Trustee of the Carbon Fund except that indemnification of each Trustee is limited to the Fund Property of the respective Fund.

  • For the avoidance of doubt, the withdrawal shall not, in any manner, affect effectiveness, implementation and enforcement of the Emission Reductions Payment Agreement entered into between the REDD Country Participant and the Trustee of the Carbon Fund referred to in Section 6.4 (c), which shall survive the REDD Country Participant’s withdrawal of its participation in the Facility.

  • The powers and duties of the Trustee of the Readiness Fund and the Trustee of the Carbon Fund shall be subject to this Charter, the Participation Agreements and the relevant World Bank’s Operational Policies and Procedures.

  • In order to avoid any potential conflict of interest between the Bank and the Trustee of the Carbon Fund, and notwithstanding any other provision of this Charter, the Trustee of the Carbon Fund shall not have any obligation to prosecute, defend, compromise, negotiate, abandon or adjust, by arbitration, or otherwise, any action, suit, proceeding, dispute, claim or demand or any default or potential default by any party under or in connection with any ERPA.

  • Any costs incurred by the Trustee of the Carbon Fund associated with arranging the sale or transfer of the Defaulting Carbon Fund Participant’s share shall be borne by the Defaulting Carbon Fund Participant.

  • The Trustee of the Readiness Fund and the Trustee of the Carbon Fund shall have the following powers and duties.

  • The Trustee of the Carbon Fund shall, in consultation with the Participants Committee, define, inter alia, the purpose, establishment and terms of participation for each Tranche.

  • EvaluationThis type of study consists in the systematic gathering of credible information to demonstrate the performance, results and cost-effectiveness of programs, for the purpose of decision-making on program improvement and resource allocation.

Related to Trustee of the Carbon Fund

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • At-home recovery visit means the period of a visit required to provide at home recovery care, without limit on the duration of the visit, except each consecutive four (4) hours in a twenty-four-hour period of services provided by a care provider is one visit.