SCF Project definition
SCF Project means that part of a project, program or activity, which is to be financed with funds from the SCF Trust Fund as approved by the relevant SCF Sub-committee, based upon the Proposal submitted by the Implementing Entity. For the avoidance of doubt, SCF Project also includes technical assistance, including those activities which are directly provided by the Implementing Entity and for which the Project Recipient does not receive funding from the Implementing Entity provided that the funding from the SCF Trust Fund for such technical assistance activities has been approved by the relevant SCF Sub- committee;
SCF Project means that part of a project, program or activity, which is to be financed with funds from the SCF Trust Fund as approved by the relevant SCF Sub-committee, based upon the Proposal submitted by the Implementing Entity. For the avoidance of doubt, SCF Project also includes technical assistance, including those activities which are directly implemented by the Implementing Entity and for which the Project Recipient does not receive funding from the Implementing Entity provided that the funding from the SCF Trust Fund for such technical assistance activities has been approved by the relevant SCF Sub- committee;
Examples of SCF Project in a sentence
Subject to Section 2.2 above, the Implementing Entity shall have no liability for any non-payment of any Income or Principal Repayment in respect of a SCF Project.
The Trustee shall have no responsibility for collection of funds due to the Implementing Entity from the Project Recipient or such other entity under any SCF Project.
Any cancellation of any Project Administration Fees, arising from the cancellation of the related SCF Project, shall be calculated in accordance with the relevant decisions of the SCF Trust Fund Committee or the relevant SCF Sub-committee, as the case may be.