Examples of Onlending Agreement in a sentence
The beneficiary shall cause BML to, and BML shall submit to ADB for review and approval the form of Onlending Agreement to be utilized in subloans to Qualified Enterprises, and (b) provide to ADB at least the first two executed Onlending Agreements with Qualified Enterprises, prior to requesting disbursement of any Loan proceeds for LCF activities under subcomponent (i) of Component 2.
Ministry of Finance signed Framework On-lending Agreement on June 3 2010 with four eligible Palestine Private Banks to operate this credit line in accordance to agreements with the Italian Government.
IDOF will make the loan proceeds available to FIs, under the terms and conditions of the Onlending Agreement, for further onlending to selected qualified SMEs (subborrowers) through subloan agreements among FIs and the qualified subborrowers.
Notwithstanding any other provision of this Loan Agreement, no withdrawals shall be made from the Loan Account to the Special Account of a Participating Bank until MOF and such Participating Bank shall have duly entered into an Onlending Agreement which shall include the terms and conditions set forth in paragraph 4 of Schedule 5 to the Special Operations Loan Agreement and such Onlending Agreement shall have become legally binding upon the Borrower and such Participating Bank in accordance with its terms.
Upon execution of the Onlending Agreements between FMG and FWECDC and FMG and FUVCDC, ADB would also require legal opinions from the Government confirming that the Loan and Project Agreements and the Onlending Agreement are legally binding on the Borrower, FMG, FWECDC and FUVCDC.