Provisional Execution definition
Provisional Execution means the initial execution of a Subproject by a private or public entity designated by CAR, or by such entity jointly with an Associacao, for the purposes of subsequently transferring to an Associacao the execution of a Subproject, as referred to in paragraph 2 of Schedule 1 to the Project Agreement;
Examples of Provisional Execution in a sentence
AL shall not make any payments for expenditures under contracts entered into by a Beneficiary or an entity responsible for Provisional Execution, unless any such contract has been duly approved by CEPA-AL prior to being signed.