Financial Mechanism definition

Financial Mechanism means those mechanisms or instruments specified in this Appendix used to secure funding for an obligation under the Consent Decree.
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Financial Mechanism means the financial mechanism set out in Schedule 6 (Financial Mechanism);
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Financial Mechanism means the mechanism or instrument specified in this Appendix used to secure funding for the Financial Assurance obligation under the Consent Decree.
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Examples of Financial Mechanism in a sentence

  • The Committee shall be assisted by the Financial Mechanism Office (hereinafter referred to as the “FMO”).

  • The Financial Mechanism Committee, the EFTA Board of Auditors and their representatives have the right to carry out any technical or financial mission or review they consider necessary to follow the planning, implementation and monitoring of programmes and projects as well as the use of funds.

  • All communication to the FMC regarding this programme agreement shall take place in English and be directed to the Financial Mechanism Office (hereinafter referred to as the FMO), which represents the FMC towards the National Focal Point and the Programme Operator in relation to the implementation of the Programme.

  • The National Focal Point is responsible and accountable for the overall management of the EEA Financial Mechanism 2014-2021 in the Beneficiary State and for the full and correct implementation of this programme agreement.

  • The FMO shall be responsible for the day-to-day operations of the EEA Financial Mechanism 2014-2021 and shall serve as a contact point.

  • The Beneficiary State shall assure the full co-financing of programmes that benefit from support from the EEA Financial Mechanism 2014-2021 in accordance with Annex B and the programme agreements.

  • The overall objectives of the EEA Financial Mechanism 2014-2021 are to contribute to the reduction of economic and social disparities in the European Economic Area and to the strengthening of bilateral relations between the Donor States and the Beneficiary States through financial contributions in the priority sectors listed in paragraph 2.

  • The Donor States shall make funds available in support of eligible programmes proposed by the Beneficiary State and agreed on by the Financial Mechanism Committee within the priority sectors listed in Article 3.1 of Protocol 38c and the programme areas listed in the Annex to Protocol 38c.

  • The Financial Mechanism Committee shall manage the EEA Financial Mechanism 2014-2021 and take decisions on the granting of financial assistance in accordance with the Regulation.

  • The Beneficiary entitles DZS, National Focal Point and the Financial Mechanism Office, as well as the persons and organisations authorised by them, to an immediate access to any information and documents, including those in an electronic form, related to the project implementation, project results and the use of the grant in accordance with respective provisions of this Agreement.