MFI Facility definition

MFI Facility means, at any date, a single credit facility of the Company and/or one or more Guarantors under which a Permitted Multilateral Financial Institution is the lender of record and which shall have an initial Weighted Average Life to Maturity of at least two years and an initial aggregate Principal of at least $75,000,000, which may include other financial institutions as lenders and which may be guaranteed by one or more Guarantors.
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Examples of MFI Facility in a sentence

  • ADB’s establishment of this MFI Facility will make a direct contribution to private sector development through encouraging such mechanisms as (i) enhanced disclosure and accounting standards at MFIs, (ii) better matches of assets and liabilities (as described above) at individual institutions, and (iii) an increased share of private- sector financial institutions in the total assets of the financial sector.

  • Following the approval of the proposed MFI Facility by ADB’s Board of Directors, ADB will enter into suitable loan documentation, PCG agreements, and other relevant legal documents, and shall ensure that such documentation and other principal agreements relating to each transaction shall be on terms and conditions acceptable to ADB and shall incorporate all relevant ADB policies.

  • The first two institutions to be served under the MFI Facility will be located in Armenia and Tajikistan.

  • The MFI Facility will be open to working with the full range of MFIs and small-business banks described above.

  • The People’s Republic of China, India, Kazakhstan, Malaysia, and Viet Nam are not considered as eligible for the MFI Facility due to (i) ADB’s large private-sector presence in the financial sector in those countries, and (ii) the degree of development of the financial sectors in those countries.

  • Loans and guarantees the MFI Facility makes will be classified category FIs (financial intermediaries) under ADB’s Environment Policy (2002).

  • ADB’s loans and PCGs extended through the MFI Facility will be classified category C under ADB’s Involuntary Resettlement Policy (1995) and no involuntary settlements are foreseen in relation to any of the loans or PCGs extended.

  • The proposed MFI Facility is fully in line with this strategy; viable institutions require multiple forms of financing, and in particular require commercial financing, to ensure their long-term sustainability.

  • The State will assess risk factors that may initially exist within a given procurement and that may develop over the course of a procurement process as facts become known.

  • In allocating the8 MFI Facility, ADB will construct a portfolio of 6–10 institutions, each of which will receive between $1 million and $5 million in financing.

Related to MFI Facility

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Triage facility means a short-term facility or a portion

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Production facility means a facility in California at which gasoline or CARBOB is produced. Upon request of a producer, the executive officer may designate, as part of the producer's production facility, a physically separate bulk storage facility which (A) is owned or leased by the producer, and (B) is operated by or at the direction of the producer, and (C) is not used to store or distribute gasoline or CARBOB that is not supplied from the production facility.

  • Clean coal SNG facility means a facility that uses a

  • Facility Site shall have the meaning set forth in the recitals to the Facility Site Lease.

  • On-site facility means a structural BMP located within the subject property boundary described in the permit application for land development activity.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Holding facility means a designated area for the retention of

  • Cannabis cultivation facility means a person that:

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system, and includes any structures, equipment or other things used for that purpose;

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Marihuana facility means a location at which a licensee is licensed to operate under the medical marihuana facilities licensing act.

  • Storage Facility means a facility used for the stocking of natural gas and owned and/or operated by a natural gas undertaking, including the part of LNG facilities used for storage but excluding the portion used for production operations, and excluding facilities reserved exclusively for transmission system operators in carrying out their functions;

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Major facility means any facility or activity classified as such by the regional administrator in conjunction with the board.