Subsidiary Loan Agreement. 1. To facilitate the carrying out of the Project, the Borrower shall make the proceeds of the Loan available to the Project Implementing Entity under a subsidiary loan agreement between the Borrower and the Project Implementing Entity, under terms and conditions satisfactory to the Bank, which shall include, inter alia, the following: (i) repayment of principal, and payment of interest, charges and premium in accordance with Article II of this Agreement and Article III of the General Conditions; (ii) payment of any other charges which may be required by the Borrower; and (iii) foreign exchange risk to be borne by the Project Implementing Entity (“Subsidiary Loan Agreement”).
Subsidiary Loan Agreement. 1. To facilitate the carrying out of the Project, the Borrower shall make the proceeds of the Loan available to the Project Implementing Entity under a subsidiary agreement between the Borrower and the Project Implementing Entity (“Subsidiary Loan Agreement”), in accordance with the regulations of the Borrower in this regard and under terms and conditions agreed by the Borrower and the Bank, and which shall include the following obligations of the Project Implementing Entity:
Subsidiary Loan Agreement. The Utility shall enter into an agreement with the Borrower, through MOF and MHCS, under terms and conditions satisfactory to the Bank and which shall include the terms referred to in Section 3.01 (c)
Subsidiary Loan Agreement. The Subsidiary Loan Agreement shall include, but without being limited to, provisions to the following effect:
Subsidiary Loan Agreement. To facilitate the carrying out of the Project, the Borrower shall make the entire proceeds of the Loan available to PTSMI through a Subsidiary Loan Agreement between the Borrower and PTSMI, under terms and conditions acceptable to the Borrower and the Bank, which, unless otherwise agreed between the Borrower and the Bank, shall include the following:
Subsidiary Loan Agreement. 1. To facilitate the carrying out of the Project, the Borrower shall make the proceeds of the Loan available to the Project Implementing Entity under a subsidiary loan agreement (the “Subsidiary Loan Agreement”) between the Borrower and the Project Implementing Entity under terms and conditions acceptable to the Bank, which shall include, inter alia, the following: (i) repayment of principal, and payment of interest, charges and premium in accordance with Article II of this Agreement and Article III of the General Conditions; (ii) payment of any other charges which may be required by the Borrower; and (iii) foreign exchange risk to be borne by the Project Implementing Entity.
Subsidiary Loan Agreement. 1. To facilitate the carrying out of the Project, the Borrower shall make the proceeds of the Loan available to the PIE under the Subsidiary Loan Agreement between the Borrower and the PIE under terms and conditions acceptable to the Bank, which shall include, inter alia, the following: (i) repayment of principal, and payment of interest, charges, and premium in accordance with Article II of this Agreement and Article III of the General Conditions; (ii) payment of any other charges which may be required by the Borrower; and (iii) foreign exchange risk to be borne by the PIE (“Subsidiary Loan Agreement”).
Subsidiary Loan Agreement. The Project Implementing Entity shall duly perform its obligations under the PLN Subsidiary Loan Agreement and use the proceeds thereof exclusively for the purposes of the Project. Except as the Bank and the Borrower shall otherwise agree, the Project Implementing Entity shall not take or concur in any action which would have the effect of amending, abrogating, assigning or waiving the Subsidiary Loan Agreement or any provision thereof.
Subsidiary Loan Agreement. 1. To facilitate the carrying out of the Project Implementing Entities’ Respective Parts of the Project, the Recipient shall make part of the proceeds of the Financing available to each of the Project Implementing Entities under a subsidiary loan agreement (“Subsidiary Loan Agreement”) between the Recipient and each Project Implementing Entity, under terms and conditions approved by the Association, which shall include the following: (i) repayment of principal in 20 years including a grace period of 5 years; (ii) the payment of interest at the rate of four and one half percent (4.5%) per annum; and (iii) the principal amount of each of the Project Implementing Entities’ subsidiary loan repayable by the Project Implementing Entities, being the equivalent in dollars of the currency or currencies withdrawn from the Credit Account in respect of the Categories mentioned in Section 3.01 of this Agreement, such equivalent to be determined as of the date or respective dates of repayment.
Subsidiary Loan Agreement. 5. The Borrower shall execute the DGPC Subsidiary Loan Agreement with DGPC upon terms and conditions satisfactory to ADB. The Borrower shall obtain all necessary approvals to enter such Subsidiary Loan Agreement and make any subloan thereunder, and shall have executed and validly entered into such Subsidiary Loan Agreement.
