Development Financial Institutions definition

Development Financial Institutions means institutions which carry on any activity, whether for profit or otherwise, with or without any Government funding, with the purpose of promoting development in the financial, industrial, agricultural, commercial or other economic sector, including the provision of capital or other credit facility; and for the purposes of this definition, “development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture. “Development Financial Institutions” includes but is not limited to:
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Examples of Development Financial Institutions in a sentence

  • Capitalized terms used, but not defined herein, shall have the respective meanings assigned to them in the Act, the Community Development Financial Institutions Program Regulations, the Notice of Funds Availability, the Application, and/or the Uniform Requirements (as such terms are hereinafter defined).

  • Bank A Financial Institution that is licensed under Financial Services ▇▇▇ ▇▇▇▇, Islamic Financial Services ▇▇▇ ▇▇▇▇ and/or Development Financial Institutions ▇▇▇ ▇▇▇▇.

  • The Customer acknowledges and agrees that the permission given under this Clause is for the purpose of Section 120 of the Development Financial Institutions Act 2002 (DFIA) and that no further consent from the Customer hereby confirms that the Bank shall not be liable in any manner for disclosing or furnishing such information referred to in this Clause.

  • Within sixty (60) days after direction by the District Government after Merger close, Exelon will provide funding in the amount of $3.5 million to the Renewable Energy Development Fund established by D.C. Code § 34-1436, or to one or more Community Development Financial Institutions (“CDFIs”), for the expansion of renewable generation in the District.

  • Each of the Company and the Bank is, and will continue to be, duly certified as a “Community Development Financial Institution” by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.

  • The certification of a qualified opportunity fund would be done by the Community Development Financial Institutions (CDFI) Fund, similar to the process for allocating the new markets tax credit.

  • Each Certified Entity (A) is a regulated community development financial institution (a “CDFI”) currently certified by the Community Development Financial Institution Fund (the “Fund”) of the United States Department of the Treasury pursuant to 12 C.F.R. 1805.201(a) as having satisfied the eligibility requirements of the Fund’s Community Development Financial Institutions Program and (B) satisfies the eligibility requirements for a CDFI set forth in 12 C.F.R. 1805.201 (b)(1) — (6).

  • The Community Development Financial Institutions Fund of the United States Department of the Treasury, or any successor agency charged with oversight responsibility for the federal New Markets Tax Credit program.

  • You acknowledge that you have read and reviewed the Fee Schedule as posted on the website in the Payment and Insurance section.

  • The final section of the BEA Survey of Opinions of the Community Development Financial Institutions Fund Bank Enterprise Award Program Applicants included four open-ended response items.