NPSD definition

NPSD means the National Payment System Department of the SARB that is responsible for the execution of the functions contemplated in section 10(1)(c) of the South African Reserve Bank Act 90 of 1989 (SARB Act), and powers and duties contemplated in the NPS Act;

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Examples of NPSD in a sentence

• Approved in 2010, the NPSD calls for the country’s development to be accelerated through a combination of stronger institutions and policies, better synergy between the public sector and private market forces, greater use of modern technology, and deeper integration into the global economy.

• The first priority financing provided under Section [5.4.1] of the Reorganization Plan, pursuant to the Novo Financiamento – Terceiros and Novo Financiamento Adicional – Terceiros, if applicable (the “V.tal New Money Debentures” and, together with the NPSD, the “First Priority Debt” ).

• UMB Bank, N.A. (the “NPSD Notes Trustee”), as trustee acting on behalf of the holders of NPSD Notes.

• O primeiro financiamento prioritário previsto na Seção [5,4.1] do Plano de Reestruturação, nos termos do Novo Financiamento – Terceiros e Novo Financiamento – Terceiros, se aplicável (as "Debêntures V.tal New Money" e, juntamente com o NPSD, a "Primeira Dívida Prioritária" ).

• Liquidez permitida: Um ▇▇▇▇▇▇▇▇ de até 1,5 bilhões de reais permitido que possa ser incorrido no âmbito do Plano de Reorganização em conexão com a venda da ClientCo e sujeito aos termos e condições estabelecidos na Folha de Termo da NPSD (a "Dívida PL").

• A fiduciary agent to be appointed by the Company (the “NPSD Debentures Fiduciary Agent”), as fiduciary agent acting on behalf of the holders of the NPSD Debentures.

• The country’s 2030 vision ‘to build economically developed, socially protected, [and] ecologically clean society’, as outlined in NPSD, is broadly consistent with the 2030 Agenda.

• UN system engagement at local levels, is expected to contribute to stronger sub-national planning and implementation capacities, in line with the aims of the NPSD, PPSD and nationalised SDG targets.

• An amount up to BRL$1.5 billion permitted that may be incurred under the Reorganization Plan in connection with the sale of ClientCo and subject to the terms and conditions set forth in the NPSD Term Sheet (the “PL Debt”).

• The NPSD and PPSD cover the largest number of the SDG targets (48 and 40 SDG targets respectively), while the Rural Development Programme covers 11 SDG targets.