MINVU definition
Examples of MINVU in a sentence
So long as the Borrower has not entered into such amendment or such agreement and to the extent that such amendment or agreement does not ensure the full availability of the respective mortgage credits to qualifying Beneficiaries, the Borrower through MINVU shall grant such credits to qualifying Beneficiaries.
All revenues made available to MINVU pursuant to the foregoing sentence shall be used for MINVU’s Programs or other housing investments acceptable to the Bank.
Not later than September 30 of each year prior to completion of the Project, the Borrower shall provide to the Bank for the Bank’s review and comment, the proposed housing investment program of MINVU, including investments under MINVU’s Programs, for the following calendar year.
The Borrower shall make available to MINVU at least 90% of all revenues arising from payments from recipients of financial assistance under all housing programs of MINVU, including all debt service payments and other payments by Beneficiaries under MINVU’s Programs.
The Borrower agrees that its annual housing investment program for MINVU for each year during the execution of the Project shall be satisfactory to the Bank.