Risk Sharing Facility definition

Risk Sharing Facility means, individually, a risk sharing facility in respect of small and medium enterprise and / or microfinance institution loans originated and held by a Participating Bank financed or to be financed out of the proceeds of the Credit under Part B.5 of the Project; and “Risk Sharing Facilities” means, collectively, more than one (1) Risk Sharing Facility;
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Risk Sharing Facility and “RSF” each means the facility established or to be established to provide Partial Credit Guarantees to Participating Financial Intermediaries in local currency to be issued by IFC as an agent of the Recipient to cover losses in respect of portfolios of loans to SMEs, originated and held by Participating Financial Intermediaries; such partial credit guarantees to be provided pursuant to a Risk Sharing Agreement.
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Risk Sharing Facility or “RSF” means the risk sharing facility created and administered by or on behalf of Guangdong Province for the purposes of the sharing of risk over a portfolio or individual loans for Food Safety Sub-projects originated and held by PFIs.
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Examples of Risk Sharing Facility in a sentence

  • To this end, the Recipient shall carry out the Project through the Ministry of Finance and Planning, using the services of the Risk Sharing Facility Agent with respect to Part 1(b) of the Project, in accordance with the provisions of Article IV of the General Conditions.

  • The Recipient shall: (a) ensure that the Project is carried out in accordance with the Project Operations Manual, including the Project Financial Management Manual, and the Risk Sharing Facility Operations Manual; and (b) except as the Association shall otherwise agree, not assign, amend, abrogate, or waive, or permit to be assigned, amended, abrogated, or waived, the aforementioned, or any provision thereof.

  • FMO, the Dutch development bank, entered into an agreement in December 2018 with the European Commission for the NASIRA Risk Sharing Facility for an amount of up to 75 million euro in guarantees (the ‘NASIRA Facility’).

  • The Recipient shall adopt a Risk Sharing Facility Operations Manual, in form and substance satisfactory to the Association, setting out implementation, organizational, administrative, monitoring and evaluation, environmental and social monitoring and mitigation, financial management, and disbursement arrangements for purposes of the management and operations of Risk Sharing Facilities.

  • Provision of financing to assist in the establishment of the Risk Sharing Facility to provide partial credit guarantees in local currency to be issued by IFC as an agent of the Recipient to cover losses of portfolios of loans to SMEs that are newly originated and held by Participating Financial Intermediaries; such partial credit guarantees to be provided through a Risk Sharing Agreement between IFC and each Participating Financial Institution.

  • The Recipient shall, for the purposes of Risk Sharing Facilities, establish and maintain, in a financial institution acceptable to the Association, on terms and conditions satisfactory to the Association, and entrust the Risk Sharing Facility Agent to manage, on behalf of the Recipient, the Risk Sharing Facility Account.

  • The Recipient shall exercise its rights under the Risk Sharing Facility Service Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing.

  • The Recipient shall be responsible for implementation of the Project through the Ministry of Finance and Planning, using the services of the Risk Sharing Facility Agent with respect to Part 1 (b) of the Project.