Grant Operation definition

Grant Operation means an operation financed by the Trust Fund on an exceptional basis that is supported by an ISA, but does not involve a loan to the Benefitting Country.
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Examples of Grant Operation in a sentence

  • The Institution agrees to use LAE Program funds transferred to it solely for the purposes specified, and in accordance with the provisions set forth in the respective program statutes, federal and state regulations and procedures, the Commission’s website, Grant Operation Memos (GOM), Grant Special Alerts (GSA), and this Agreement.

  • The Trustee shall transfer ISA Funds to the ISA without substantive review by the Trustee or the Coordination Unit of any Funding Request submitted to the Steering Committee or any Concessionality Component, Underlying Operation or Grant Operation contemplated therein.

  • Reference is also made to [name of project], as the relevant [Underlying Operation] [Grant Operation] for [name of Benefitting Country], as the Benefitting Country.

  • In accordance with Section 1.3 of the FPA, we hereby notify the Trustee that all applicable approvals have been obtained for the above-referenced [Underlying Operation, including the related Concessionality Component] [Grant Operation] with respect to the Allocation by the Steering Committee of US$ .