GCF definition
Examples of GCF in a sentence
GCF Proceeds made available to the Accredited Entity may be disbursed from the Trust Fund.
The Accredited Entity shall endeavour to maximize opportunities for acknowledging the visual identity of the Fund in funding the relevant Funded Activities (e.g. through use of the Fund logo, and appropriate references in reports, publications, information given to beneficiaries and news media, related publicity materials and any other forms of public information and the displaying of the GCF logo on the site of any infrastructure works).
The Accredited Entity shall be responsible for the overall management, implementation and supervision of each Funded Activity in line with its own internal rules, policies and procedures, including administering and managing the use of GCF Proceeds, as well as the monitoring, evaluation and reporting responsibilities as set forth in the relevant Funding Proposal and FAA.
Disbursement, administration and processing of GCF Proceeds by the Accredited Entity shall be in accordance with the Accredited Entity’s rules, policies and procedures applicable to the extent and scope of its Accreditation, in order to allow it to comply with its obligations under this Agreement.
All Funding Proposals submitted to the Board for consideration shall be accompanied by a Term Sheet agreed to by the Parties – subject only to final internal approvals – setting out, in summary form, the key terms and conditions relating to the proposed Funded Activity (for example, the elected GCF Holding Currency for disbursements or any specific deviation, derogation or modification that the Accredited Entity is seeking to make to this Agreement in the FAA).