Prepayment Request means a written request from the Borrower to the Bank to prepay all or part of the Loan Outstanding, in accordance with Article 4.2.A. “Project Implementation Unit (PIU)” means all project implementation arrangements, which rely on a group of staff members designated officially to work together full-time or almost full-time, with separate accountability, to coordinate and manage project implementation. "Prohibited Conduct" means any Financing of Terrorism, Money Laundering or Prohibited Practice. "Prohibited Practice" means any:
Prepayment Request means a written request from the Borrower to the Bank to prepay all or part of the Loan Outstanding, in accordance with Article 4.2.A. "Prohibited Conduct" means any Financing of Terrorism, Money Laundering or Prohibited Practice. "Prohibited Practice" means any:
Prepayment Request means a written request from the Borrower to the Bank to prepay all or part of the Loan, in accordance with Article 4.2.A. "Project" has the meaning given to it in Recital (a). "Promoter" has the meaning given to it in Recital (a). "Qualifying Expenditure" means expenditure (including costs of design and supervision, if relevant, and net of taxes and duties payable by the Borrower) incurred by the Borrower for the Project, in respect of works, goods and services relating to items specified in the Technical Description as eligible for financing under the Credit, which have been the object of contract or contracts executed on terms satisfactory to the Bank, having regard to the most recent edition of the Bank’s Guide to Procurement. "Redeployment Rate" means the Fixed Rate in effect on the day of the indemnity calculation for fixed-rate loans denominated in the same currency and which shall have the same terms for the payment of interest and the same repayment profile to the Interest Revision/Conversion Date, if any, or the Maturity Date as the Tranche in respect of which a prepayment is proposed or requested to be made. For those cases where the period is shorter than 48 (forty-eight) months (or 36 (thirty-six) in the absence of a repayment of principal during that period) the most closely corresponding money market rate equivalent will be used, that is the Relevant Interbank Rate minus 0.125% (12.5 basis points) for periods of up to 12 (twelve) months. For periods falling between 12 (twelve) and 36/48 (thirty-six /forty-eight) months as the case may be, the bid point on the swap rates as published by Reuters for the related currency and observed by the Bank at the time of calculation will apply. "Relevant Business Day" means a day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007 (TARGET2) is open for the settlement of payments in EUR.
Examples of Prepayment Request in a sentence
Subject to Article 4.2.C the Prepayment Request shall be binding and irrevocable.
More Definitions of Prepayment Request
Prepayment Request means a written request from the Borrower to the Bank to prepay all or part of the Loan, in accordance with Article 4.2.A. “Prohibited Conduct” means any Financing of Terrorism, Money Laundering or Prohibited Practice. "Prohibited Practice" means any: Coercive Practice, meaning the impairing or harming, or threatening to impair or harm, directly or indirectly, any party or the property of a party to influence improperly the actions of a party; Collusive Practice, meaning an arrangement between two or more parties designed to achieve an improper purpose, including to influence improperly the actions of another party; Corrupt Practice, meaning the offering, giving, receiving or soliciting, directly or indirectly, of anything of value by a party to influence improperly the actions of another party; Fraudulent Practice, meaning any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party in order to obtain a financial or other benefit or to avoid an obligation; or Obstructive Practice, meaning in relation to an investigation into a Coercive, Collusive, Corrupt or Fraudulent Practice in connection with this Loan, (i) deliberately destroying, falsifying, altering or concealing of evidence material to the investigation; and/or threatening, harassing or intimidating any party to prevent it from disclosing its knowledge of matters relevant to the investigation or from pursuing the investigation, or (ii) acts intending to materially impede the exercise of the contractual rights of audit or access to information. "Project" has the meaning given to it in Recital (a). "Promoter" has the meaning given to it in Recital (a). "Redeployment Rate" means the Fixed Rate in effect on the day of the indemnity calculation for fixed-rate loans denominated in the same currency and which shall have the same terms for the payment of interest and the same repayment profile to the Interest Revision/Conversion Date, if any, or the Maturity Date as the Tranche in respect of which a prepayment is proposed or requested to be made. For those cases where the period is shorter than 48 (forty-eight) months (or 36 (thirty-six) months in the absence of a repayment of principal during that period) the most closely corresponding money market rate equivalent will be used, that is EURIBOR minus 0.125% (12.5 basis points) for periods of up to 12 (twelve) months. For periods falling between 12 (twelve) and 36/48 months, the bid point on the...
Prepayment Request means a written request from the Borrower to the Bank to prepay all or part of the Loan Outstanding, in accordance with Article 4.2.A. "Project Implementation Unit (PIU)" means the team of professional and support staff with the necessary administrative powers as well as physical and financial resources necessary to implement the Project. "Prohibited Conduct" means any Financing of Terrorism, Money Laundering or Prohibited Practice. "Prohibited Practice" means any:
Prepayment Request means a written request from the Borrower to the Bank to prepay all or part of the Loan Outstanding, in accordance with Article 4.2.A. "Project Coordinator" means the representative of the PIU appointed for the Project, who is responsible for allocation requests and progress reporting under the Finance Contract. "Project Implementation Unit (PIU)" means the appropriate implementation entity established by Promoter, which rely on a group of staff members designated officially to work together full-time or almost full-time, with separate accountability, to coordinate and manage project implementation. "Prohibited Conduct" means any Financing of Terrorism, Money Laundering or Prohibited Practice. "Prohibited Practice" means any: