Multitranche Financing Facility Sample Clauses

Multitranche Financing Facility. The Multitranche Financing Facility (the Facility) is intended to finance subprojects under the Investment Program provided that such subprojects comply with the criteria set out in Schedule 4 hereto and that understandings set out in this FFA are complied with. These may include: (i) Improving urban service infrastructure through investment subprojects; (ii) Improving operations and maintenance (O&M) of urban service assets; (iii) Improving urban service planning and delivery management; (iv) Enhancing project management and implementation skills and transparency. This FFA does not constitute a legal obligation on the part of ADB to commit any financing. Exercised reasonably, ADB has the right to deny any financing request made by INDIA, cancel the uncommitted portion of the Facility, and withdraw INDIA’s right to request any financing tranche under the Facility. Financing tranches may be made available by ADB provided matters continue to be in accordance with the general understandings and expectations on which the Facility is based and which are laid out in this FFA. This FFA does not constitute a legal obligation on the part of INDIA to request any financing. INDIA has the right not to request any financing under the Facility. INDIA also has the right at any time to cancel any uncommitted portion of the Facility. INDIA and ADB may exercise their respective rights to cancel the Facility or any uncommitted portion thereof, and ADB may exercise its right to refuse a financing request, by giving written notice to such effect to the other parties. The written notice will provide an explanation for the cancellation or refusal and, in the case of a cancellation, specify the date on which the cancellation takes effect. Financing Plan The financing plan for the Bihar Urban Development Investment Program is summarized below. Total Share (%) Financing Sources ($ million) of Total Asian Development Bank 200 70 State of Bihar 86 30 Total 286 100 Financing Terms ADB will provide loans to finance subprojects under the Investment Program, as and when the latter are ready for financing, provided, INDIA is in compliance with the understandings hereunder, and the subprojects are in line with those same understandings. Each loan will constitute a tranche. Each tranche may be financed under terms different from the financing terms of previous or subsequent tranches. The choice of financing terms will depend on the project, and ADB’s financing policies, all prevailing on th...
Sample 1
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Multitranche Financing Facility. The Multitranche Financing Facility (the Facility) is intended to finance subprojects for institutional and operational support, the improvements in urban service delivery in Sindh in the water supply, wastewater management, and solid waste management sectors, and operational support funding for USCs (each a "subproject") under the Investment Program, provided that such subproject comply with the criteria set out in Schedule 4 hereto and that understandings set out in this FFA are complied with. The Investment Program will comprise the following parts: Part A: Urban Planning, Institutional Development and Program Implementation Support Part B: Urban Water Supply and Wastewater Management Improvements Part C: Solid Waste Management (SWM) Improvements Part D: Operational and Transition Support Funding The Investment Program is divided into five 5 tranches, with tranche 1 covering eight 8 subprojects. All of these subprojects meet the agreed selection criteria set out in Schedule 4 to this Agreement and have been reviewed and found acceptable by ADB. The subsequent tranches will finance the remaining subprojects. This FFA does not constitute a legal obligation on the part of ADB to commit any financing. At its sole discretion, exercised reasonably (including, but without limitation, when ADB is of the view that Pakistan has been in material breach of their undertakings and covenants under this Agreement or misprocurement has occurred due to fraud and corruption), ADB has the right to deny any financing request made by Pakistan, cancel the uncommitted portion of the Facility, and withdraw Pakistan’s right to request any financing tranche under the Facility. Financing tranches may be made available by ADB provided matters continue to be in accordance with the general understandings and expectations on which the Facility is based and which are laid out in this FFA. This FFA does not constitute a legal obligation on the part of Pakistan to request any financing. Pakistan has the right not to request any financing under the Facility. Pakistan also has the right to cancel any uncommitted portion of the Facility. Pakistan and ADB may exercise their respective rights to cancel the Facility or any uncommitted portion thereof, and ADB may exercise its right to refuse a financing request, by giving written notice to such effect to the other parties. The written notice will provide an explanation for the cancellation or refusal, and in the case of cancellation, specify t...
Sample 1
Multitranche Financing Facility. The Multitranche Financing Facility (the Facility) is intended to finance projects under the Program, provided that such projects comply with the criteria set out in Schedule 4 and that understandings set out in this FFA are complied with. Each project may include the following:
Sample 1
Multitranche Financing Facility. The Multitranche Financing Facility (the Facility) is intended to finance projects under the VWSIP provided that such projects comply with the criteria set out in Schedule 4 hereto and that understandings set out in this FFA are complied with. These projects may include the following components: (i) construction, improvement, upgrading and rehabilitation of water pipeline networks to increase coverage, increase water conservation, reduce non-revenue water and introduce climate change mitigation measures; and (ii) institutional reform programs to improve the efficiency of water service delivery, including in financial management and revenue mobilization, asset management, operation and maintenance, disaster management and public private partnership development. This FFA does not constitute a legal obligation on the part of ADB to commit any financing. At its sole discretion, exercised reasonably, ADB has the right to deny any financing request make by Viet Nam, cancel the 1 Referred to in Vietnamese language as the Viet Nam Water Sector Development Program. uncommitted portion of the Facility, and withdraw Viet Nam’s right to request any financing tranche under the Facility. Financing tranches may be made available by ADB provided matters continue to be in accordance with the general understandings and expectations on which the Facility is based and which are laid out in this FFA. This FFA does not constitute a legal obligation on the part of Viet Nam to request any financing. Viet Nam has the right not to request any financing under the Facility. Viet Nam also has the right at any time to cancel any uncommitted portion of the Facility. Viet Nam and ADB may exercise their respective rights to cancel the Facility or any uncommitted portion thereof, and ADB may exercise its right to refuse a financing request, by giving written notice to such effect to the other party. The written notice will provide an explanation for the cancellation or refusal and, in the case of a cancellation, specify the date on which the cancellation takes effect. Financing Plan The Financing Plan for the VWSIP is summarized below: Financing Source Total ($ million) Share (%) of Total Asian Development Bank 1,000.00 100 Other sources of financing (under negotiation) Subtotal (VWSIP) 1,000.00 100 Other sources of financing – from official development agencies, internal resources, commercial sources and the private sector 1,782 64 Total (Investment Program) 2,782.00 100 Source: ADB Proje...
Sample 1
Multitranche Financing Facility. The Multitranche Financing Facility (the Facility) is intended to finance the State’s transactions under the Investment Program described in Schedule 1, subject to the subproject implementation framework set out in Schedule 3, selection criteria set out in Schedule 4, safeguard requirements and social development actions set out in Schedule 5, and compliance with the understandings set out in this FFA. The Investment Program will enhance the productivity and sustainability of the selected existing major, medium, and community-based minor lift irrigation schemes in the four northern river basins and a part of the Mahanadi delta. The selected schemes are suffering from low performance in irrigated areas due to system deterioration, inefficient operation, and limited integration with agriculture support services and marketing systems. The investment will include WUA strengthening and empowerment; renovation and extension of irrigation and associated infrastructure including command area development, drainage, and rural infrastructure; provision of agriculture and other support services including livelihood enhancement of the poor; and support for establishing self-sustaining O&M systems with WUAs. The Facility will also include the strengthening of DOWR and its affiliated organizations, line departments, WUAs, and private providers including nongovernment organizations (NGOs) for improved irrigation service delivery, water resources management, and Investment Program management. The investments will include the necessary hardware and software, including civil works, vehicles and equipment, training and its systems, knowledge and information base, consultants, and incremental operational costs. This Framework Financing Agreement This FFA does not constitute a legal obligation on the part of ADB to commit any financing. ADB has the right to deny any financing request made by India, cancel the uncommitted portion of the Facility, and withdraw India’s right to request any financing tranche under the Facility. Financing tranches may be made available by ADB provided matters continue to be in accordance with the general understandings and expectations on which the Facility is based and which are laid out in this FFA. This FFA does not constitute a legal obligation on the part of India to request any financing. India has the right not to request any financing under the Facility. India also has the right at any time to cancel any uncommitted portion of the Facility. ...
Sample 1

Related to Multitranche Financing Facility

  • Pre-financing Pre-financing is intended to provide the beneficiary with a float. Where required by the provisions of Article I.4 on pre-financing, the beneficiary shall furnish a financial guarantee from a bank or an approved financial institution established in one of the Member States of the European Union. The guarantor shall stand as first call guarantor and shall not require the Commission to have recourse against the principal debtor (the beneficiary). The financial guarantee shall remain in force until final payments by the Commission match the proportion of the total grant accounted for by pre-financing. The Commission undertakes to release the guarantee within 30 days following that date.

  • Bank Financing The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other:

  • Existing Facilities Each of the Existing Facilities shall be repaid in full and terminated and all collateral security therefor shall be released, and the Administrative Agent shall have received pay-off letters in form and substance satisfactory to it evidencing such repayment, termination and release.

  • COMMITMENT OF THE THREE PARTIES By signing7 this document, the staff member, the sending institution and the receiving institution/enterprise confirm that they approve the proposed mobility agreement. The sending higher education institution supports the staff mobility as part of its modernisation and internationalisation strategy and will recognise it as a component in any evaluation or assessment of the staff member. The staff member will share his/her experience, in particular its impact on his/her professional development and on the sending higher education institution, as a source of inspiration to others. The staff member and the beneficiary institution commit to the requirements set out in the grant agreement signed between them. The staff member and the receiving institution/enterprise will communicate to the sending institution any problems or changes regarding the proposed mobility programme or mobility period. The staff member Name: Signature: Date: The sending institution Name of the responsible person: Signature: Date: The receiving institution/enterprise Name of the responsible person: Signature: Date: 1 Adaptations of this template: In case the mobility combines teaching and training activities, the mobility agreement for teaching template should be used and adjusted to fit both activity types. In the case of mobility between Programme and Partner Countries, this agreement must be always signed by the staff member, the Programme Country HEI as beneficiary and the Partner Country HEI as sending or receiving organisation. In case of mobility from Partner Country HEIs to Programme Country enterprises the last box should be duplicated to include the signature of the Programme Country HEI (the beneficiary) and the receiving organisation (four signatures in total).

  • Facility Access Notwithstanding any other provision of the Agreement, the Customer shall provide the Authority with such access to the Facility, and such documentation, as the Authority deems necessary to determine the Customer’s compliance with the Customer’s Supplemental Commitments specified in this Schedule B.

  • Financing Arrangements (a) The Owner will obtain the Project Loan which shall be sufficient, together with the Owner's equity contributions, to pay the full amount of the costs to construct the Project in accordance with the development budget. The Owner and the Developer also contemplate that the Property and the Project, together with all fixtures, furnishing, equipment, and articles of personal property now owned or hereafter acquired by the Owner which are or may be attached to or used in connection with the Property or the Project, together with any and all replacements thereto and substitutions therefor, and all proceeds thereof; and all present and future rents, issues, leases, and profits of the Property and the Project will serve as security for the payment obligations to any lenders relating to the Project Loan or otherwise, and that the Owner will be the principal obligor for the repayment of all financial obligations thereunder after the transfer of title to the Owner. The Owner therefore, agrees to execute and deliver all commitments, promissory notes, mortgages, collateral assignments, documents, certificates, affidavits, and other writings required to be executed by any lender in connection with such financing.

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