Institutional Arrangement definition

Institutional Arrangement. – means an arrangement between GGGI and one or more public or private entities or institutions, in the form of an agreement, memorandum of understanding or other written arrangement, where the parties agree to collaborate and coordinate to serve common objectives, and/or GGGI agrees to provide funds to finance activities being implemented by a party other than GGGI that are not for the direct benefit or use of GGGI but serve to accomplish objective(s) that are in furtherance of GGGI’s mandate. Institutional Arrangements under these Rules shall be narrowly construed and applied, to prevent any procurement activity to fall under the definition.
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Examples of Institutional Arrangement in a sentence

  • The Parties will endeavour to achieve the objectives to be overseen by the institution under Article 22 (Institutional Arrangement).

  • PERPAMSI's activity, “Strengthening Stakeholder Institutional Arrangement and PDAM Relationship (SSIAPR),” reviewed the existing guidelines for information accessibility of PDAM performance to local government, legislators, and consumers as well as their framework for public relations and consumer outreach.

Related to Institutional Arrangement

  • legal arrangement means a trust or other similar arrangement;

  • Institutional facility means an organization whose primary purpose is to provide a physical environment for patients to obtain health care services and shall not include those places where physicians, dentists, veterinarians, or other practitioners, who are duly licensed, engage in private practice.

  • Institutional Client means a major commercial bank, corporation, insurance company, or substantially similar institution, which, as a substantial part of its business operations, purchases or sells securities and makes use of custodial services.

  • referral arrangement means any arrangement in which a registrant agrees to pay or receive a referral fee;

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract: