Debt Reduction Plan definition

Debt Reduction Plan in relation to a Borrower, means an arrangement between the Borrower and a finance company to reduce the balance outstanding under –

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Debt Reduction Plan in relation to a Borrower, means an arrangement between the Borrower and a merchant bank to reduce the balance outstanding under –

Debt Reduction Plan in relation to a Borrower, means an arrangement between the Borrower and a direct insurer to reduce the balance outstanding under –

Examples of Debt Reduction Plan in a sentence

• The objectives of the Project are to assist the Borrower in carrying out the adjustment of its financial sector, and, if so determined under Section 3.05 of this Agreement, in the implemen- tation of a Debt Reduction Plan.

• Subject to agreement by the Borrower and the Bank on the terms and conditions to be applied in such case, the Borrower may use a portion of the proceeds of the Loan as provided in Schedule 1 to this Agreement for the implementation of a Debt Reduction Plan under Part C of the Project described in Schedule 2 to this Agreement.

• The Borrower has advised the Banks that it is committed to conducting either a Debt Reduction Plan, a Debt Refinancing Plan or a Capital Event.

• The Borrower has further advised the Banks that it has undertaken an analysis of the various options available to it to successfully achieve a Debt Reduction Plan, a Debt Refinancing Plan or a Capital Event.

• Niger shall maintain separate records and accounts adequate to reflect in accordance with sound accounting practices all transactions under the Debt Reduction Plan, and shall furnish to the Grantor such information concerning such records as the Grantor shall from time to time reasonably request.

More Definitions of Debt Reduction Plan

Debt Reduction Plan means a plan of the Borrower, satisfactory to the Bank, aimed at reducing the Borrower’s payments of principal, interest and other charges on external loans from non- official creditors;

Debt Reduction Plan means a plan of the Guarantor submitted to the Bank for partial funding under this Agreement to reduce the Guarantor’s principal payments on its external loans from non-official creditors.

Debt Reduction Plan has the meaning provided in the Preamble to this Agreement;

Debt Reduction Plan means a plan of the Borrower to be furnished to the Bank in accordance with Part B of Schedule 5 to this Agreement for partial funding under this Agreement to reduce the Borrower’s payments of principal and interest on its external loans from non-official creditors; and

Debt Reduction Plan or "DEBT REDUCTION PLANS" means to engage in one or more courses of conduct which will, in a manner consistent with the provisions of this Agreement, cause the indebtedness evidenced by the Notes, to be repaid in full by August 31, 2001.

Debt Reduction Plan means a plan of the Guarantor submitted to the Bank for partial funding under this Agreement to reduce the Guarantor’s principal payments on its external loans from non-official creditors;