Examples of Investment Loan in a sentence
In accordance with its Statutes, the Bank has a Special Credit Risk Fund for the Project Investment Loan facility (PIL).
Since December 31, 2005, no Material Adverse Change has occurred in the overall rate of collection of the Investment Loans and Investments in Equity Instruments, and Borrower has at all times complied in all material respects and to the extent applicable with the Credit and Collection Policy with respect to each Investment Loan and each Investment in Equity Instruments.
In accordance with its Statutes, the Bank has a Special Credit Risk Fund for the Project Investment Loan facility.
The Borrower will and will cause each Subsidiary of the Borrower to (a) comply in all material respects with the Credit and Collection Policy in regard to each Investment Loan and each Investment in Equity Instruments, and (b) furnish to the Administrative Agent and the Lenders, prior to its effective date, prompt notice of any material changes in the Credit and Collection Policy.
The Statutes require that the Bank maintains the Special Credit Risk Fund for the Project Investment Loan (PIL) facility to cover the Bank’s own risk on such loans before resorting to the member countries’ guarantees that support the facility.