Grant Facility definition

Grant Facility means the co-financing facility referred to in Part C.2 of Schedule 2 to this Agreement;

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Grant Facility means a specific organizational and procedural structure for disbursing MCC Compact funds and awarding multiple Grants through an open and competitive process. Grant Facilities are governed by a Grant Facility Operations Manual and are usually administered from planning to closeout by a professional Grant Facility Manager procured by the MCA Entity or its predecessor entity. Proposed projects and potential Grantees are evaluated using a standardized set of screening and due diligence tools that assess financial sustainability, management and implementation capacity, technical feasibility, market impact, and contribution to economic growth and poverty reduction. If a Grant Facility Manager is required to administer the program, it should be acquired and mobilized by the date the Compact enters into force.

Examples of Grant Facility in a sentence

• Technical services estimated to cost less than $25,000 equivalent per contract and to be financed under the Matching Grant Facility made for sub-projects under Part C of the Project, may be procured in accordance with commercial practices acceptable to the Bank.

• The Borrower, through MCIT, shall implement the Grant Facility program in accordance with the POM setting forth criteria and procedures for selection of recipients and sub-projects, as well as the main terms and conditions of the agreements to be concluded with the recipients.

• For the purposes of implementing Part C of the Project, the Borrower, through the MOE, shall select a non-governmental entity (the Matching Grant Facility Administrator) under an open and competitive process (the Matching Grant Facility Administrator or “MGFA”), all under terms and conditions satisfactory to the Association and under the supervision of the MOE.

• The PDC Grant Facility will be required to have an ESMS, and MCA-Côte d’Ivoire must provide sufficient support to implement the ESMS and conduct PDC center site assessments.

• That said, we expanded our partnership with the PCVs through our Community‐ Led Total Sanitation (CLTS) and Small Grant Facility endeavors.

• The principal beneficiaries of the Rural Development Project are expected to be: (i) Program Farmers, due to improvements in the productivity and business skills of such producers; (ii) the communities of the Program Farmers, due to increased employment and reduced transportation costs to markets and social service delivery points (e.g., hospitals, schools); and (iii) the agricultural sectors, due to public goods and quasi-public goods funded by the Agricultural Public Goods Grant Facility.

• Under the TVET Activity, MCC Funding will support efforts to integrate gender and social components into the PDC Grant Facility evaluation and selection criteria.

• In addition, with respect to each contract for the employment of individual consultants estimated to cost the equivalent of $25,000 or more, the report on the qualifications and experience of all evaluated candidates, the terms of reference and the terms of employment of the consultants shall be subject to prior approval by the Association, and (d) the first two Matching Grants Agreements for technical and consulting services under the Matching Grant Facility.

• PDC Grant Facility has the meaning provided in Part B.1.(a).(ii) of Annex I.

• The Recipient shall ensure that DOA and NRB implement and administer the Agribusiness Grant Facility to finance post harvest enterprises including ▇▇▇▇▇▇ cooperatives and members of ▇▇▇▇▇▇ groups with confirmed HVC supply agreements in compliance with the selection criteria, eligibility guide, and the approval, administration and disbursement process set out in the ▇▇▇.