Examples of Subsidiary Credit Agreements in a sentence
For the avoidance of doubt, it is understood and agreed that (i) this Section 7.4 shall not relieve the Borrower from complying with Section 6.8(b) and (ii) dispositions by any Existing Utility Subsidiary of its transmission assets permitted pursuant to the Subsidiary Credit Agreements shall not constitute a disposition of all or substantially all of the assets of the Borrower.
The Borrower shall exercise its rights under the Subsidiary Credit Agreements in such a manner as to protect the interests of the Borrower and the Association and to accomplish the purposes of the Program, and, except as the Association shall otherwise agree, the Borrower shall not assign, amend, abrogate or waive the Subsidiary Credit Agreements or any provision thereof.
These guidelines will be part of the revised Project Operational Manual and constitute an integral part of the Subsidiary Credit Agreements to be signed between the Recipient and each of the PFIs. The PIU’s main tasks will be to regularly receive and collate information from the PFIs on the amounts disbursed under the facility, the level of repayment, and compliance with financial management and environmental requirements.
These guidelines will be part of the revised Project Operational Manual and constitute an integral part of the Subsidiary Credit Agreements to be signed between the Recipient and each of the PFIs. VI.
This extension was needed to overcome slow start of the project implementation resulted from a delay in project effectiveness (7 months) caused by delays in signing Subsidiary Credit Agreements and adopting revised Operations Manual; slow implementation and coordination challenges experienced by the PMUs; and delays resulting from the 2011 parliamentary elections.The second extension was for 1 year 8 months to extend the project closing date from February 28, 2016 to October 31, 2017.