ACIG definition
Examples of ACIG in a sentence
Purchaser understands the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Ltd.’s withdrawal from certain insurance policies, including without limitation ACIG, may be subject to an extended withdrawal period (the “Withdrawal Period”).
APG shall ensure that (i) by 28 February 2010, ACIG establishes a company, under the Company Laws of the Borrower, as its wholly owned subsidiary company by the name of XMEC, to implement output 1 of the Project as described in paragraph 2 of Schedule 1 to the Loan Agreement; and (ii) ACIG sends XMEC's certificate of incorporation and shareholders directory to ADB upon its incorporation.
The Borrower shall ensure that counterpart funds, necessary for the Project, are provided in time, and that APG, through APDOT and ACIG, make available all funds and resources necessary for construction, O&M, and management of the Project on a timely basis.
APG shall ensure that counterpart funds, necessary for the Project, are provided in time, and that APG, through APDOT and ACIG, make available all funds and resources necessary for construction, O&M, and management of the Project on a timely basis.
APG shall ensure that (i) ACIG explores the possibility of attracting private sector investment by potential investors in close consultation with ADB; and (ii) six (6) months prior to the opening of the XME, APDOT through ACIG analyzes the feasibility of tapping the financial markets for operating and financing road sector investments, including company listing, bond issues, securitization, as well as possible private sector participation in O&M of the XME, and send the report on its conclusions to ADB.
APG shall ensure that ACIG maintains (i) a debt-equity ratio of not more than 65:35 for the XME; (ii) a working ratio (annual O&M cost, but excluding periodic maintenance cost, to revenue) of not more than 15% from the first year of full operation of the XME; and (iii) a debt service coverage ratio of not less than 1.2 from the third year of the XME's full operation.