eligible Financial Intermediary definition
eligible Financial Intermediary means a Financial Intermediary which has been declared to be eligible to participate in the execution of Part A of the Project on the ground that it satisfies the relevant eligibility criteria for purposes of the Project;
Examples of eligible Financial Intermediary in a sentence
The Financial Intermediary’s rights and obligations under the Guarantee Agreement may be transferred to a third party (a "Transferee") if such Financial Intermediary becomes subject to insolvency or restructuring related events provided that EIF is satisfied that the Transferee (1) is an eligible Financial Intermediary under the Delegation Agreement and (2) shall comply with the provisions of the Guarantee Agreement.