Subloans. Section 4.01. Each Subloan shall carry interest at an appropriate rate, as provided in paragraph 11(iii) of Schedule 3 to this Loan Agreement, and shall be made on terms whereby the Borrower shall obtain, by a written agreement with the Qualified Enterprise in form acceptable to ADB, rights adequate to protect the interests of ADB and the Borrower. Each Subloan agreement shall appropriately reflect the obligations of the Borrower and the Qualified Enterprise assumed under this Loan Agreement in respect of the Qualified Project.
Subloans. Section 2.01. (a) Except as ADB may otherwise agree, the proceeds of each part of the Loan made available by the Borrower to GPG shall be used only for making through GFTC a subloan to a subborrower in respect of which such part of the Loan was withdrawn from the Loan Account and shall be applied exclusively to the cost of Goods, Works and consulting services required to carry out the subproject in respect of which such part of the Loan was withdrawn.
Subloans. 1. Except as otherwise provided in this Agreement, the terms and conditions of, and procedures for making, Subloans shall be as set forth in the Operational Manual.
Subloans. IDCOL will use the OCR loan proceeds to provide medium to long-term subloans in local currency or US$ to medium-sized to large infrastructure subprojects (including RE and EE subprojects) with a total subproject cost in excess of $10 million. The onlending by IDCOL to eligible private sector subprojects will be at interest rates that reflect IDCOL’s cost of funds plus a spread to cover transactional costs and risks following commercial and competitive terms as determined by IDCOL.
Subloans. Section 2.01. (a) Except as ADB may otherwise agree, the proceeds of the Loan shall be used only for making Subloans to Qualified Subborrowers for Qualified Subprojects and shall be applied exclusively to the cost of expenditures required to carry out the Qualified Subproject.
Subloans. Section 3.01. IDCOL shall ensure that each Subloan shall carry interest at an appropriate rate, as provided in paragraph 12(iii) of the Schedule to this Agreement, and shall be made on terms whereby IDCOL shall obtain, by a written agreement with the Qualified Enterprise or PO in form acceptable to ADB, rights adequate to protect the interests of ADB. IDCOL shall procure that each Subloan agreement shall appropriately reflect the obligations of IDCOL and the Qualified Enterprise or PO assumed under the Loan Agreements in respect of the Qualified Project.
Subloans. Section 2.01. (a) Except as ADB may otherwise agree, the proceeds of the Grant made available to PFI shall be used only for making Subloans to Eligible Subborrowers for Eligible Subborrower Subprojects and shall be applied exclusively to the cost of Goods, Works, Consulting Services and other items of expenditure required to carry out such Eligible Subborrower Subprojects.
Subloans. 5. The Borrower shall cause the PFIs to ensure that:
Subloans. 8. The Recipient shall cause each PFI to ensure that except as ADB may otherwise agree each Subloan:
Subloans. 9. GZARG shall cause the FI to ensure that each Subloan agreement must clearly specify (a) the Qualified Subproject that the Subloan is to fund; (b) any environmental, social and social or other requirements relating to Qualified Subproject design and/or implementation that are required under the XXX and/or the ESMS for subprojects of that type; and (c) the Subloan must be used exclusively to fund eligible costs and expenditures of the Qualified Subproject. Safeguards
