BANSEFI definition

BANSEFI means Banco del Ahorro Nacional y Servicios Financieros, S.N.C., a Mexican development bank serving as the Borrower’s financial agent for purposes of the Loan, or any successor thereto acceptable to the Bank for the purposes of this Program.
View Source
BANSEFI means Banco del Ahorro Nacional y Servicios
View Source
BANSEFI means Banco del Ahorro Nacional y Servicios Financieros, S.N.C., Institución de Banca de Desarrollo, a Mexican development bank serving as the Borrower’s financial agent for purposes of the Loan;
View Source

Examples of BANSEFI in a sentence

  • The Additional Legal Matter consists of the following, namely, that the Borrower (in its legal opinion) and BANSEFI (in a separate legal opinion satisfactory to the Bank, issued by BANSEFI counsel acceptable to the Bank), indicate that the Contrato ▇▇ ▇▇▇▇▇▇▇ has been duly authorized or ratified by, and executed and delivered on behalf of, the Borrower and BANSEFI and is legally binding upon the Borrower and BANSEFI in accordance with the Contrato ▇▇ ▇▇▇▇▇▇▇’▇ terms.

  • The Loan (except for amounts required to pay the Front-end Fee) is allocated in a Single Withdrawal Tranche, from which the Borrower may, or may cause BANSEFI to, make withdrawals of the Loan proceeds.

  • As a consequence of the Borrower’s maintenance of an adequate macroeconomic policy framework and its satisfactory implementation of the Program, the Borrower may withdraw, or may cause BANSEFI to withdraw, the proceeds of the Loan in accordance with Section II of Schedule 1 to this Agreement.

  • The Borrower may, or may cause BANSEFI to, withdraw the proceeds of the Loan in accordance with the provisions of this Section and such additional instructions as the Bank may specify by notice to the Borrower.

  • Unless the Borrower’s representative designated in Section 6.01 of this Agreement otherwise informs the Bank, the Borrower’s Representatives for purposes of taking any action required or permitted to be taken pursuant to this Section are the Director General of BANSEFI, or the Director General Adjunto de Banca Institucional of BANSEFI or any person or persons whom such representatives shall jointly or severally designate in writing.


More Definitions of BANSEFI

BANSEFI means Banco del Ahorro Nacional y Servicios Financieros, Sociedad Nacional de Crédito Institución de Banca de Desarrollo, a Mexican development bank created pursuant to the BANSEFI Organic Law (or any successor thereto acceptable to the Bank) acting as the Borrower’s financial agent for purposes of the Loan and as the entity responsible for implementation of the Project.
View Source

Related to BANSEFI

  • MOHLTC means the Minister or the Ministry of Health and Long-Term Care, as the context requires;

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • hostel means a place of residence for the students of the University, or its colleges, institutions and study centers, established or recognized to be as such by the University;