Subcredit definition

Subcredit means a loan made out of the portion of the proceeds of the Financing to finance the total cost of a Cooperative Development Plan.
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Examples of Subcredit in a sentence

  • The following event is specified as an additional condition to the effectiveness of this Agreement within the meaning of Section 12.01 (b) of the General Conditions, namely that the Sub-credit Agreement has been executed and all conditions to the effectiveness of such agreement have been fulfilled.

  • The following is specified as an additional matter, within the meaning of paragraph (b) of Section 12.02 of the General Conditions, to be included in the opinions to be furnished to the Association, namely that the Sub-credit Agreement has been duly authorized and executed by the Borrower and Republic of Serbia, and is legally binding upon the parties thereto.

  • The BNDES System will make the information, data and calculations that serve as a basis for calculating the amounts due from Sub-credit "B” and “D” available to the CLIENT.

  • Sub-credit line I: a non-revolving credit line of 6 million yuan, with a valid period of 3 years, and a fixed monthly interest rate of 6.0‰.

  • The BNDES will make the information, data and calculations that serve as a basis for calculating the amounts due from Sub-credit "B” available to the CLIENT.

  • Considering that the debt related to Sub-credit "B" is subject to daily updates, pursuant to Clause Sixth (Update of the Debt Amount of Sub-credit "B"), the collection document referred to in this Clause will be issued by the BNDES with the indication of a reference amount in US dollars, the quotation of which must be obtained on the BNDES´ official website (▇▇▇.▇▇▇▇▇.▇▇▇.▇▇), and the payment amount, due in currency, determined by the respective quotation valid for the actual payment day.

  • Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely, that the Republic of Montenegro shall have failed to perform any of its obligations under the Sub-credit Agreement.

  • The amount of each installment of Sub-credit "A" and “C” to be made available to the CLIENT will not be subject to [***].

  • The amount of each installment of Sub-credit “A” to be made available to the CLIENT will not be subject to [***].

  • Pursuant to Section 6.02 (l) of the General Conditions, the following additional event is specified, namely, that the Republic of Serbia shall have failed to perform any of its obligations under the Sub-credit Agreement.

Related to Subcredit

  • Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Replacement Letter of Credit means any letter of credit issued pursuant to a Replacement Revolving Facility.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.