SMECA definition

SMECA means the legal entity established pursuant to the Charter and operating under the laws and regulations of the Borrower, and includes any successor or successors thereto acceptable to the Association;
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Examples of SMECA in a sentence

  • In addition, the Borrower shall also ensure that SMECA shall carry out its operations and conduct its affairs in accordance with sound administrative, financial and insurance practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers.

  • Financing for operating costs, as defined in paragraph 2 (c) of Schedule 1 to this Agreement, of SMECA.

  • The Borrower and the Association hereby agree that the obligations set forth in Sections 9.03, 9.04, 9.05, 9.06, 9.07 and 9.08 of the General Conditions (relating to insurance, use of goods and services, plans and schedules, records and reports, maintenance and land acquisition, respectively), shall be carried out by SMECA pursuant to Section 2.09 of the Project Agreement.

  • Except as the Association shall otherwise agree, and notwithstanding any terms of the Charter to the contrary, the Borrower shall ensure that SMECA shall conduct only the business and activities, and shall make only the investments, contemplated by or referred to in this Agreement.

  • Except as the Association shall otherwise agree, in the event that an Insurer or a PFI shall have failed to perform any of its obligations under an Insurance Facility Agreement or a Participation Agreement, as the case may be, the Borrower shall ensure that SMECA shall exercise its rights in the circumstances thereunder, in such manner as to protect the interests of the Borrower, the Association, and SMECA, and to accomplish the purposes of the Credit.

  • SMECA, on behalf of the Borrower, shall furnish to the Association, promptly following approval of a request from a PFI for a Participation Loan, a request to deposit funds with the PFI for the amount of the approved Participation Loan accompanied by a copy of the application by the PFI for the Participation Loan and a copy of the approval by SMECA of such Participation Loan.

  • A Payment under an Insurance Facility shall be made only with the prior written approval of the Association and the Borrower shall ensure that SMECA shall seek such prior written approval of the Association for any such a Payment.

  • SMECA shall develop, in accordance with a time schedule and program approved by the Association, resources and skills necessary to provide good quality credit reports on Yugoslav and foreign enterprises.

  • The Borrower shall take all measures necessary on its part to ensure that SMECA shall exercise its rights and comply with its obligations under the Project Documents in such a manner as to protect the interests of the Borrower, the Association and SMECA, and to accomplish the purposes of the Credit.

  • SMECA, on behalf of the Borrower, shall furnish promptly to the Association, upon receipt of the application for a Guarantee by relevant PFIs and a copy of the relevant Guarantee Agreement for the Guarantee, a request for a deposit of an amount to cover the maximum liability assumed under the Guarantee.

Related to SMECA

  • MECAB refers to the Multiple Exchange Carrier Access Billing document prepared by the Billing Committee of the Ordering and Billing Forum “OBF”, which functions under the auspices of the Carrier Liaison Committee “CLC of the Alliance for Telecommunications Industry Solutions “ATIS”. The MECAB document, published by ATIS as ATIS/OBF- MECAB- Issue 6, February 1998, contains the recommended guidelines for the billing of access services provided to an IXC by two or more LECs, or by one LEC in two or more states within a single LATA.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • SME means an enterprise falling within the category of micro, small and medium-sized enterprises defined by the Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium- sized enterprises;

  • SMEs mean micro, small and medium-sized enterprises within the meaning of Recommendation 2003/361/EC in the version of 6 May 2003.

  • Transportation network company means a corporation,