Examples of Program entity in a sentence
The Host Country shall issue such Letter of Authorization within no later than sixty (60) calendar days of receipt of a corresponding request from the Trustee or the Program Entity.
Such Approval shall include the approval of the participation of the Bank as Trustee, the Facility Contributors, and the Program Entity in the Program, and be documented in a formal Letter of Approval (which shall be substantially in the form provided in Schedule 2 to this Agreement) issued within thirty (30) calendar days of the execution of this Agreement.
As part of this transaction, ERs will be transferred from the Program Entity (MoEF) to the BioCF (which provides the ER payments) via a centralized carbon registry (Carbon Assets Trading System) for the issuance and recording of verified and buffer ERs, managed by the World Bank, acting as Trustee of the BioCF Tranche 3.33 (B) Distribution of the ER payments according to a Benefit Sharing Plan (BSP).
That is, upon independent verification of reported ERs, payments are made to the Program Entity (MoEF).
Program Entity is the party that signs the ERPA with the World Bank as the Trustee of the BioCF T3 and assumes the responsibilities defined therein.
GoI submitted revised drafts in February, May June, and September 2021.Requirements.30 The Program Entity (MoEF)31 will submit regular ER Monitoring Reports during the term of the ERPA, which will be independently verified.32 The verified volume of ERs, combined with the unit price agreed in the ERPA, will then translate into corresponding ER payments from the World Bank.