Partial Credit Guarantee definition

Partial Credit Guarantee or “PCG” means, individually, a partial credit guarantee financed or to be financed out of the proceeds of the Credit under Part A.1 of the Project; and “Partial Credit Guarantees” or “PCGs” mean, collectively, more than one Partial Credit Guarantee;

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Partial Credit Guarantee means a partial credit guarantee granted by NFG to an Eligible PFI under Parts 2(b) and 2(c) of the Project to guarantee a selected MSME Sub-loan (in accordance with the criteria defined on the Operational Manual), under the terms and conditions of the pertinent Partial Credit Guarantee Agreement.

Partial Credit Guarantee means in respect of each Risk Sharing Agreement, the amount shared between the Recipient and IFC (as obligor for its own account) of up to fifty percent (50%) of documented principal losses on a portfolio of newly generated SME loans, on a pari passu basis with each Participating Financial Intermediary.

Examples of Partial Credit Guarantee in a sentence

• This Agreement shall be cited as the Eastern Caribbean Partial Credit Guarantee Corporation Agreement of 2017.

• The Project consists of the following parts, subject to such modifications thereof as the Recipient and the Bank may agree upon from time to time to achieve such objectives: Part A: Partial Credit Guarantee Facility Establishment of a Partial Credit Guarantee Facility at BGK to provide Participating Banks partial guarantee of loans made for Energy Efficiency Investments throughout the territory of the Recipient.

• BEEF shall establish a Guarantee Account for the Partial Credit Guarantee Facility in a Commercial Bank and in a manner satisfactory to the Bank.

• Except as the Bank shall otherwise agree, the Recipient shall cause BGK to, through an official decision of its Management Board, set a target for the liability-to-reserves ratio of 1.5:1 for the first two calendar years of the Partial Credit Guarantee Facility until a review in the first quarter of the third calendar year.

• The Bill for the Eastern Caribbean Partial Credit Guarantee Corporation Agreement Act 2017 seeks to place into the laws of Antigua and Barbuda an Agreement on Credit guarantee with seven other OECS Governments.

• The Borrower, through SIDP, shall cause ▇▇▇▇ to exercise its rights and carry out its obligations under Partial Credit Guarantee Agreements in such a manner as to protect the interests of the Bank and the Borrower and to accomplish the purposes of the Loan, and, except as the Bank shall otherwise agree, the Borrower, through SIDP, shall cause ▇▇▇▇ not to assign, amend, abrogate, waive or fail to enforce any of the provisions of the Partial Credit Guarantee Agreements listed in the POM.

• This Agreement shall be cited as the Eastern Caribbean Partial Credit Guarantee Corporation Agreement of2017.

• The purpose of these Guidelines is to clarify the meaning of the terms “Corrupt Practices,” “Fraudulent Practices,” “Coercive Practices,” “Collusive Practices” and “Obstructive Practices” in the context of World Bank Guarantee (Partial Risk Guarantee and Partial Credit Guarantee) operations and carbon finance transactions, where the World Bank, as trustee of a carbon fund, purchases emission reductions under an emission reductions purchase agreement.

• The proposed project will provide support in the form of a Partial Credit Guarantee (PCG) backed by a sovereign counter-indemnity, to be issued by the Republic of Azerbaijan (ROA) to Asian Development Bank (ADB) covering $500 million in principal repayments plus regular interest accrued thereon to support the Southern Gas Corridor Closed Joint-Stock Company (SGC) investments in the ▇▇▇▇ ▇▇▇▇▇ Stage II (▇▇▇▇ ▇▇▇▇▇-II).

More Definitions of Partial Credit Guarantee

Partial Credit Guarantee or the acronym “PCG” means guarantees to be provided by BDF under Part 2.1 of the Project.

Partial Credit Guarantee means any guarantee provided under Part A of the Project;

Partial Credit Guarantee or “PCG” means, individually, a partial credit guarantee financed or to be financed out of the proceeds of the Credit under Part A.1 (b) (i) of the Project, and “Partial Credit Guarantees” or “PCGs” mean, collectively, more than one Partial Credit Guarantee;