Loan Service Payment Currency definition

Loan Service Payment Currency means the freely convertible currency defined as such in a Financing Agreement.
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Loan Service Payment Currency means the freely convertible currency defined as such in a Financing Agreement. “Member State” means any Member State of the Fund.
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Loan Service Payment Currency means the currency specified in Section 2.07. “MFI” means micro-finance institution.
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Examples of Loan Service Payment Currency in a sentence

  • All Loan Service Payments shall be made in the Loan Service Payment Currency specified in the Financing Agreement.

  • The amount of any Loan Service Payment shall be the equivalent in Loan Service Payment Currency, as of the due date, of the SDR amount of such Loan Service Payment, as determined by the Fund in accordance with Article 5, Section 2(b) of the Agreement Establishing IFAD.

  • Loans granted on ordinary terms shall be subject to interest on the principal amount of the Loan outstanding at a rate equal to the IFAD Reference Interest Rate, payable semi-annually in the Loan Service Payment Currency, and shall have a maturity period of fifteen (15) to eighteen (18) years, including a grace period of three (3) years starting from the date that the Fund has determined that all general conditions precedent to withdrawal have been fulfilled in accordance with section 4.02(b).

  • Loans granted on highly concessional terms shall be free of interest but bear a service charge of three fourths of one per cent (0.75%) per annum payable semi-annually in the Loan Service Payment Currency, and shall have a maturity period of forty (40) years, including a grace period of ten (10) years starting from the date of approval of the Loan by the Fund’s Executive Board.

  • The currency of the United States of America shall be the Loan Service Payment Currency for purposes of this Agreement.

  • Loans granted on intermediate terms shall be subject to interest on the principal amount of the Loan outstanding at a rate of one half of the IFAD Reference Interest Rate payable semi-annually in the Loan Service Payment Currency, and shall have a maturity period of twenty (20) years, including a grace period of five (5) years starting from the date that the Fund has determined that all general conditions precedent to withdrawal have been fulfilled in accordance with section 4.02(b).

  • The Borrower shall repay the outstanding principal amount of the Loan in 59 equal semi-annual instalments of SDR 165 834, payable on each 15 October and 15 April commencing on 15 October 2015 and ending on 15 October 2044, and one final instalment of SDR 165 794, payable on 15 April 2045, in the Loan Service Payment Currency.

  • Loans granted on hardened terms shall be free of interest but bear a service charge of three fourths of one per cent (0.75%) per annum payable semi-annually in the Loan Service Payment Currency, and shall have a maturity period of twenty (20) years, including a grace period of ten (10) years starting from the date of approval of the Loan by the Fund’s Executive Board.

  • The Borrower shall pay to the Fund a service charge at the rate of 0.75% per annum on the amount of the Loan outstanding from time to time, payable semi- annually on each 15 October and 15 April in the Loan Service Payment Currency.

  • The Borrower shall pay to the Fund a service charge at the rate of 0.75% per annum on the amount of the Loan outstanding from time to time, payable semi- annually on each 15 April and 15 October in the Loan Service Payment Currency.


More Definitions of Loan Service Payment Currency

Loan Service Payment Currency means the currency specified in Section 2.08.
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Loan Service Payment Currency means the freely convertible currency defined as such in the Loan Agreement.
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Related to Loan Service Payment Currency

  • Payment Currency has the meaning given in Clause 21.4;

  • Settlement Currency means Pounds sterling ("GBP").

  • Agreement Currency has the meaning specified in Section 10.19.

  • Fiat Currency means a currency issued by a country's government or central bank.

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.

  • First Currency has the meaning specified in Section 1.15.

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Judgment Currency has the meaning specified in Section 10.19.

  • Primary Currency has the meaning specified in Section 9.11(c).

  • Judgment Currency Conversion Date shall have the meaning assigned to such term in Section 11.18(a).

  • Underlying Currency means the Underlying Currency as specified in § 2 of the Product and Underlying Data.

  • Original Currency has the meaning assigned to such term in Section 2.17.

  • Termination Currency means United States Dollars.

  • Second Currency has the meaning specified in Section 14.19.

  • Agreed Currency means Dollars or any Alternative Currency, as applicable.

  • Party A Currency Amount In respect of each Party A Calculation Period, an amount in Dollars equal to the principal amount outstanding of the Relevant Notes on the first day of such Calculation Period (after taking into account any redemption on such day).

  • Other Currency has the meaning specified in Section 1.15.

  • Designated Currency shall have the same meaning assigned to it in Section 3.12.

  • Permitted Currency means (1) the legal tender of any Group of 7 country (or any country that becomes a member of the Group of 7 if such Group of 7 expands its membership) or (2) the legal tender of any country which, as of the date of such change, is a member of the Organization for Economic Cooperation and Development and has a local currency long-term debt rating of either AAA or higher assigned to it by Standard & Poor's, a division of The McGraw-Hill Companies, Inc. or any successor to the rating business thereof, Aaa or higher assigned to it by Moody's Investors Service, Inc. or any successor to the rating business thereof or AAA or higher assigned to it by Fitch Ratings or any successor to the rating business thereof;

  • Approved Currency means each of Dollars and each Alternate Currency.

  • Denomination Currency has the meaning specified in Section 14(b).

  • Optional Currency means a currency (other than the Base Currency) which complies with the conditions set out in Clause 4.3 (Conditions relating to Optional Currencies).

  • National Currency means the currency, other than the Euro, of a Participating Member State.

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of AAA in the case of S&P or Aaa in the case of Moody's. For any shxxx-xxxm deposit or security, or a rating of A-l+ in the case of S&P or P-1 in the case of Moody's.

  • Class Currency means the currency in which a Share Class of a Fund is designated as determined by the Directors and disclosed in the Prospectus in relation to such Fund.

  • Specified Currency means the currency specified as such hereon or, if none is specified, the currency in which the Notes are denominated.