Eligible SME definition

Eligible SME means an SME that is engaged in an economic activity, has a significant presence in Ireland and which meets the Eligibility Criteria.

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Eligible SME means, unless otherwise provided in the Specific Terms, a micro, small or medium-sized enterprise as defined in the Commission Recommendation.

Eligible SME means as set out in the Agreement “Excluded Sectors” means

Examples of Eligible SME in a sentence

Any SME Transaction that has been included in the Portfolio by the Intermediary pursuant to Clause 6.1 shall automatically be deemed to be an Eligible SME Transaction unless and until it has been excluded from the Portfolio pursuant to Clause 6.2 (without prejudice to the continued application of Clause 5.3(b)).
Notwithstanding this, the Counterparty may, at any time, request information from the Intermediary to enable the Guarantors to verify whether an SME Transaction is an Eligible SME Transaction and whether its inclusion in the Portfolio is in compliance with the terms of this Agreement.
If the Irregularity consists of a fraudulent activity in relation to the SME Transaction (or relevant part thereof) or the fraudulent or illegal use of the proceeds of that SME Transaction by the relevant SME, then the entire amount of that SME Transaction shall be deemed to be a Non Eligible SME Transaction.
If an SME Transaction (or a portion thereof) becomes a Non Eligible SME Transaction pursuant to this Clause 6.2(c) then, without prejudice to any other rights and remedies available to the Counterparty under this Agreement or at law, Clause 6.2(b), Clause 6.2(d)(ii) and Clause 6.2(e)(ii), as the case may be, shall apply.
If the Irregularity affects part of such SME Transaction (the “Affected Portion”), such Affected Portion shall be deemed to be a Non Eligible SME Transaction.
Designated Transactions shall be deemed to be Non Eligible SME Transactions for the purpose of Clause 6.2(b) (provided that Clause 6.2(d) shall not apply for the purposes of this Clause 6.2(f)) and shall become Excluded SME Transactions on the Exclusion Date.

More Definitions of Eligible SME

Eligible SME means a private sector SME, or a woman-owned start up business, in each case operating in the formal sector on the territory of the Recipient, that: (i) has been referred by a PFI, or a chamber of commerce or business council office of the Recipient; (ii) provides adequate information relating to its current business (sector, location, employee numbers, turn-over and current sources and amounts of external financing; and (iii) demonstrates commitment by making a financial contribution to the costs of the training; as such criteria may be amended or supplemented from time to time with the prior written agreement of the Association.

Eligible SME means a small to medium enterprise operating in an Eligible Country, involved in solar home system installation, off-grid electrification or in the infrastructure value chain, that satisfies the applicable eligibility criteria set forth in the POM and to which the Recipient has made, or proposes to, provide an SME Sub-Credit.

Eligible SME means a SME eligible to receive an Incentive in accordance with the eligibility criteria set forth in the Local Development Manual.

Eligible SME means a small and medium enterprise established and operating in Ethiopia which meets the eligibility criteria contained in the Operations Manual.

Eligible SME has the meaning assigned to such term in the DFC Guaranty Agreement, which, as of the date hereof is defined, in relevant part, as a business enterprise that meets two of the following three conditions: (i) employs less than 300 employees, (ii) has less than US $15,000,000 of total assets and (iii) has less than US $15,000,000 of total annual sales.