Blended Finance for Bus Rapid Transit Project Clause Samples

Blended Finance for Bus Rapid Transit Project. (the “Blended Finance for BRT Project”) The objective of the Blended Finance for BRT Project is to catalyze financing required for the implementation of the BRT system in a manner that promotes lower greenhouse gas emissions. The Project aims to support NaMATA to deliver on the Government’s core BRT program and increase the efficiency of public transportation modes by assisting the Government to meet a financing gap or attract private capital needed by the Government to operationalize BRT. At MCC’s sole discretion, MCC funding may support the leasing and maintenance of buses with lower greenhouse gas emissions compared to diesel buses for the BRT Line 2 (the “Bus Leasing Option”). The Bus Leasing Option is being conducted under Kenya’s procurement laws. In order to provide funding for the Bus Leasing Option, at a minimum, MCC must determine that the procurement process and the financing terms are in accordance with MCC’s policies and blended finance objectives. If MCC, at its sole discretion, determines that the Bus Leasing Option is not viable, MCC and the Government shall work together to identify other opportunities where MCC could support an alternative BRT financing need, in form and substance satisfactory to MCC. In identifying a blended finance opportunity, the Parties shall give consideration to: (a) using blended finance to deliver sustainable, market-based solutions to support the BRT system, (b) utilizing Grant funding to support commercial sustainability in the BRT system; (c) supporting Kenya’s national climate goals; (d) the allocation of risks among stakeholders; (e) financial and social returns and benefits; and (f) the Program’s policy or reform objectives. Any support provided under this Project shall require prior written approval by MCC. In determining whether to support a blended finance opportunity MCC considers, among other matters, the extent to which the support is consistent with MCC’s procurement, fiscal accountability, environmental and social standards, and other related processes and policies. If by the end of the second year after entry into force of the Agreement, the Parties have not agreed on one or more blended finance opportunities to support, MCC shall de-obligate the funding for this Project.
View Source

Related to Blended Finance for Bus Rapid Transit Project

  • Services Included in Annual Fee Per Fund Daily Performance Reporting § Advisor Information Source Web Portal § USBFS Legal Administration (e.g., registration statement update)

  • Long Term Cost Evaluation Criterion # 4 READ CAREFULLY and see in the RFP document under "Proposal Scoring and Evaluation". Points will be assigned to this criterion based on your answer to this Attribute. Points are awarded if you agree not i ncrease your catalog prices (as defined herein) more than X% annually over the previous year for years two and thr ee and potentially year four, unless an exigent circumstance exists in the marketplace and the excess price increase which exceeds X% annually is supported by documentation provided by you and your suppliers and shared with TIP S, if requested. If you agree NOT to increase prices more than 5%, except when justified by supporting documentati on, you are awarded 10 points; if 6% to 14%, except when justified by supporting documentation, you receive 1 to 9 points incrementally. Price increases 14% or greater, except when justified by supporting documentation, receive 0 points. increases will be 5% or less annually per question Required Confidentiality Claim Form This completed form is required by TIPS. By submitting a response to this solicitation you agree to download from th e “Attachments” section, complete according to the instructions on the form, then uploading the completed form, wit h any confidential attachments, if applicable, to the “Response Attachments” section titled “Confidentiality Form” in order to provide to TIPS the completed form titled, “CONFIDENTIALITY CLAIM FORM”. By completing this process, you provide us with the information we require to comply with the open record laws of the State of Texas as they ma y apply to your proposal submission. If you do not provide the form with your proposal, an award will not be made if your proposal is qualified for an award, until TIPS has an accurate, completed form from you. Read the form carefully before completing and if you have any questions, email ▇▇▇▇ ▇▇▇▇▇▇ at TIPS at ▇▇▇▇.▇▇▇▇▇▇@t ▇▇▇-▇▇▇.▇▇▇

  • PORTFOLIO HOLDINGS The Adviser will not disclose, in any manner whatsoever, any list of securities held by the Portfolio, except in accordance with the Portfolio’s portfolio holdings disclosure policy.

  • Assuming Institution Portfolio Sales of Remaining Shared-Loss Loans The Assuming Institution shall have the right, with the consent of the Receiver, to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Shared-Loss Loans held by the Assuming Institution at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Institution exercises its option under this Section 4.1, it must give sixty

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.