Sub-credit definition
Sub-credit. B": in 39 (thirty nine) successive monthly installments, each one in the amount of the due principal of the debt under this Sub-credit divided by the number of amortization installments still not due, being the first installment due on September 15 (fifteen), 2002 and the last one on November 15 (fifteen) 2005, subject to the provisions of Sub-item 13.1 and following;
Sub-credit. A": in the amount of R$ 34,686,900.00 (thirty four million six hundred and eighty-six thousand nine hundred Reais) to be provided from BNDES' ordinary resources, which consist, E-177 2 among other sources, of funds from the Fundo de Amparo ao Trabalhador - FAT (Worker's Support Fund), funds from the FAT - Special Deposits and from the PIS/PASEP Participation Fund, allocated in accordance with the legislation applicable to each individual source and in compliance with the provisions of Article Three, SOLE PARAGRAPH;
Sub-credit means a subsidiary credit provided or proposed to be provided to a Beneficiary under Parts C.1 or C.2 of the Project.
More Definitions of Sub-credit
Sub-credit means the credit to be made by an Entity to an Electroprivreda out of the proceeds of a Subsidiary Credit under a Subsidiary Credit Agreement, and the term “Sub-Credits” means said credits collectively.
Sub-credit. A": in the amount of R$ 140,000,000.00 (one hundred and forty million Reais), to the account of its ordinary resources, which are composed, among other sources, of the resources of the Worker Support Fund – FAT and the resources originating from FAT - Special Deposits, respecting, as to its allocation, the legislation applicable to each of the aforementioned sources, subject to the provisions of [***];
Sub-credit. A": R$ 105,833,700.00
Sub-credit. C": in the amount of R$ 14,462,100.00 (fourteen million four hundred sixty two thousand one hundred Reais), base date of August 15, 2000, to be provided from foreign currency funds borrowed by BNDES and assigned according to Resolution no. 635/87 of January 13, 1987 issued by BNDES' Board of Directors, subject to the provisions of Article Two concerning the value updating of this Sub-credit.
Sub-credit. A" and "B": Up to 12 [twelve months] 1.6) Decision DIR No.; date: Annex I of 609/2000 of 11/13/2000 1.7) Interest rate: 3.8% [three point eight per cent] p.a., equivalent to 0.3113% per month.
Sub-credit. C": considering base date of August 15, 2000, to be provided from foreign currency funds borrowed by BNDES and assigned according to Resolution no. 635/87 of January 13, 1987 issued by BNDES' Board of Directors, subject to the provisions of Sub-item 3.1.
Sub-credit. A": Up to 9 [nine months]