VGF definition

VGF means the Viability Gap Funding amount specified in Article 2.1 of this Agreement;

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VGF means the financing provided to eligible infrastructure projects by the Government of Autonomous Island of Grande Comore pursuant to The Guidelines to Support Public Private Partnerships in Infrastructure.

VGF means the viability gap fund established by the Finance Department of the Government under Section 19 of the PPP Act; and

Examples of VGF in a sentence

• Such suspension or termination as the case may be, of the undisbursed portion of the VGF Grant shall be deemed to be with mutual agreement of the Parties.

• The rights and remedies of the Concessionaire in the VGF Grant, including in any balance thereof awaiting disbursement to the Concessionaire, are set forth in their entirety in this Agreement and the Lead Institution and the Concessionaire shall have no other rights or remedy against or to such VGF Grant including in any balance thereof awaiting disbursement to the Concessionaire.

• Provided that any substitution under this Agreement can only be made with the condition that the selectee meets the eligibility requirements of Request for Selection (RfS) issued by SECI and accepts the terms of VGF Securitization Agreement signed between SPD and SECI.

• Provided that any substitution under this Agreement can only be made with the condition that the selectee meets the eligibility requirements of Request for Selection (RfS) issued by SECI and accepts the terms of VGF Securitization Agreement (if applicable) signed between SPD and SECI.

• Notwithstanding anything to the contrary contained in the Agreement, remainder VGF amount, if any to be paid /released by SECI shall automatically stand cancelled.

• The SPD shall create second charge along with the first charge of term loan Lender or Lending Institution on the same Project Assets (save and except book debts) by way of mortgage/ hypothecation in favor of SECI to securitize the sanctioned VGF amount.

• The VGF Grant shall be disbursed to the Concessionaire by Lead Institution for and on behalf of the Empowered Institution in the manner as setout in Clause 2.2.

• The VGF Grant shall be disbursed to the Concessionaire by Lead Institution for and on behalf of the Empowered Committee in the manner as setout in Clause 2.2.

• SPD shall not create or permit to subsist any encumbrance over all or any of its rights and benefits under this Agreement, other than as set forth in Article 15.1, the Guidelines and the VGF Securitization Agreement (if applicable).

• If the project is terminated at any point of time during the concession period, the VGF may not be recovered from the Authority (Owner) if it is re-bid and continued as PPP.

More Definitions of VGF

VGF. – means Viability Gap Funding.

VGF means viability gap funding to be provided by the Authority to the Selected Airline Operator in accordance with the Scheme and this Agreement;]

VGF has the meaning given in Article 29.2.

VGF means the Viability Gap Fund.

VGF means Viability Gap Funding as specified in Clause 3.30.

VGF or Viability Gap Fund” means the viability gap fund to be established by the Finance Department of the Government under Section 19 of the PPP Act to provide Viability Gap Funding to PPP Projects and which fund shall be administered by the PPP Unit;