Examples of Ancillary Commitment in a sentence
Each Borrower and each Ancillary Lender agrees with and for the benefit of each Lender that the Ancillary Outstandings under any Ancillary Facility provided by that Ancillary Lender shall not exceed the Ancillary Commitment applicable to that Ancillary Facility.
Without limiting Section 2.01 of the Project Agreement, GPG shall ensure by means of appropriate terms and conditions in the Relending Agreements and Subloan Agreements or Ancillary Commitment Letters that FIs and subborrowers undertake procurement in accordance with established private sector or commercial practices acceptable to ADB.
In particular, GPG shall ensure that the Relending Agreements and Subloan Agreements or their Ancillary Commitment Letters and the RFSPs’ loan agreements with their borrowers of ADB funds include provisions specifying the right of ADB to audit and examine the records and accounts of the FIs and their subborrowers and the RFSPs and their subborrowers as they relate to the Project and subprojects.
Notwithstanding any other term of this Agreement, each Lender shall ensure that at all times its Revolving Facility Commitment is not less than its Ancillary Commitment or the Ancillary Commitment of its Affiliate.
Notwithstanding any other term of this Agreement, each Lender shall ensure that at all times its Commitment is not less than its Ancillary Commitment.