Territorial Entity definition
Territorial Entity means any of the Departamentos, Municipios or Territorios Indígenas (departments, municipalities, or indigenous territories), the political subdivisions of the Borrower defined in Article 286 of the Borrower’s Constitution.
Territorial Entity means either a Departamento Certificado (a Borrower’s Department certified by MEN to administer education services); or a Municipalidad Certificada (a Borrower’s Municipality certified by a Departamento Certificado and/or MEN to administer education services); or a Distrito Certificado (a Borrower’s District certified by MEN to administer education services), where Rural Education Sub-projects will be carried out in accordance with the guidelines set forth in the Operational Manual.
Examples of Territorial Entity in a sentence
For the purposes of carrying out Part 2 of the Project, the Borrower, through MEN, shall enter into a separate tripartite Rural Education Sub-project agreement with each Territorial Entity and the Trust Agent, under terms and conditions acceptable to the Bank (as outlined in the Operational Manual).
Such Subscribing Shareholder is not a party to any contract or agreement or subject to any charter or other corporate restriction which is a burdensome contract, agreement or restriction that could interfere with the consummation of the transactions contemplated by this Agreement or would result in a Material Adverse Effect regarding a Territorial Entity or title to the Territorial Shares listed opposite his or its name on Attachment 1 hereto.