SGFL definition

SGFL means the Sylhet Gas Fields Limited, established and operating under the Borrower’s Company Act, 1994, as amended from time to time, or any successor thereto acceptable to ADB;
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Examples of SGFL in a sentence

  • SGFL and BGFCL shall be the Project Executing Agencies for Part B of the Project.

  • SGFL shall duly perform all its obligations under the Subsidiary Loan Agreement.

  • SGFL shall maintain its accounts receivable from the sale of gas and condensates at a level not exceeding the equivalent of three months’ ▇▇▇▇▇▇▇▇.

  • The authority conferred on GTCL, SGFL, BGFCL, PGCL, and Petrobangla respectively, under Section 7.01 of this Loan Agreement may be revoked or modified by agreement between the Borrower and ADB.

  • The Borrower shall make available to GTCL, SGFL, BGFCL, PGCL, and Petrobangla, promptly as needed and on terms and conditions acceptable to ADB, the funds, facilities, services, land and other resources which are required, in addition to the proceeds of the Loan, for the carrying out of the Project.

  • The Borrower shall take all action which shall be necessary on its part to enable GTCL, SGFL, BGFCL, PGCL, and Petrobangla to perform their obligations under the Project Agreement and their respective obligations under Schedule 6 of the Special Operations Loan Agreement, including the establishment and maintenance of tariffs, and shall not take or permit any action which would interfere with the performance of such obligations.

  • The Borrower hereby designates GTCL, SGFL, BGFCL, PGCL, and Petrobangla respectively, its agent for the purposes of taking any action or entering into any agreement required or permitted under Sections 3.02, 3.03 and 3.05 of this Loan Agreement and under Sections 6.01, 6.02, 6.03 and 6.04 of the Loan Regulations.

  • Any action taken or any agreement entered into by GTCL, SGFL, BGFCL, PGCL, and Petrobangla respectively, pursuant to the authority conferred under Section 7.01 of this Loan Agreement shall be fully binding on the Borrower and shall have the same force and effect as if taken by the Borrower.

  • SGFL shall carry on its operations and conduct its affairs in accordance with sound administrative, financial, engineering, environmental and safety practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers.

  • Purchaser shall have reasonable access to the Property for the purpose of conducting surveys, architectural, engineering, geotechnical and environmental inspections and tests (including intrusive inspection and sampling), and any other inspections, studies, or tests reasonably required by Purchaser.