Grant Confirmation definition
Examples of Grant Confirmation in a sentence
This Grant Confirmation Letter will come into effect when it has been counter-signed by an authorized official of the Grantee.
When this Grant Confirmation Letter expires or is terminated, the Grantee will undertake appropriate measures to bring all activities to an orderly and prompt conclusion so as to minimize costs and expense.
In addition to complying with any laws to which it is subject, the Grantee will use all reasonable efforts to ensure that the funds transferred to it in accordance with this Grant Confirmation Letter are not used to provide support or assistance to individuals or entities associated with terrorism as designated by any United Nations Security Council sanctions regime.
Subject to the availability of funds in the Fund, the Grant will be transferred by the United Nations Children’s Fund (“UNICEF”) as the Fund Custodian and Administrator (the “FCA”) of the Fund, in instalments in accordance with the disbursement schedule set out in the table in Attachment A to this Grant Confirmation Letter.
Each instalment will be transferred by wire transfer to the account designated by the Grantee in its Proposal and confirmed in the table in Attachment A to this Grant Confirmation Letter.
The Grantee will promptly return to the Fund all Grant funds, including interest, remaining after settlement of all commitments entered into prior to the expiry or receipt of termination notice of this Grant Confirmation Letter.
The details of the Grant are summarized in the first attachment to this Grant Confirmation Letter.
The provisions of Section II, paragraphs 11 through 14 will survive the expiry or termination of this Grant Confirmation Letter.
Upon receipt of this Grant Confirmation Letter countersigned by the Grantee, we will make arrangements for the [initial instalment of the] Grant to be disbursed.
Please arrange for a properly authorized official of the Grantee to sign, date, and return to us the enclosed copy of this Grant Confirmation Letter.