Examples of Subsidiary Loan in a sentence
Schedule 3.12 sets forth the name of, and the ownership or beneficial interest of the Borrower in, each Subsidiary and identifies whether such Subsidiary is a Subsidiary Loan Party.
The following is specified as an additional event for suspension of the right of the Beneficiary to make withdrawals from the Loan Account, to be used as Subsidiary Loan Proceeds under the Credit Line, for the purposes of Section 8.01(m) of the Loan Regulations: any MFI shall have failed to perform its obligations under a Subsidiary Loan Agreement to which it is a party or under the related Project Agreement.
ANNEX A to SCHEDULE Principal Terms and Conditions of the Subsidiary Loan Agreements For the purposes of paragraph 5 of the Schedule to this Agreement: (a) the terms of availability of the Loan proceeds shall be those set forth in paragraphs 1 through 3 of this Annex; and (b) the Subsidiary Loan Agreements shall be entered into on the conditions set forth in paragraphs 4 through 9 of this Annex.
The Borrower shall cause the Project Implementing Entity to make the proceeds of the Subsidiary Loan available to the Sarajevo Canton, for the benefit of VIK, for purposes of carrying out the Project, under a subsidiary financing agreement between the Project Implementing Entity and the Sarajevo Canton, under the same terms and conditions as the Subsidiary Loan, approved by the Bank and including the Anti-Corruption Guidelines (“Subsidiary Financing Agreement”).
The principal amount of each Subsidiary Loan made by the Project Implementing Entity to each of the Project Companies, shall be the amount equivalent in Dollars (on the respective dates of withdrawal from the Loan Account) of the value of the currency or currencies so withdrawn on account of the Project Company’s Respective Parts of the Project.