Sub-loan definition

Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

Sub-loan means a loan made by a Project Implementing Entity to a Sub-loan Beneficiary out of the proceeds of the Loan for the financing and carrying out of a Sub-project under Part B of the Project pursuant to the provisions of the Project Agreement, its Operational Manual and Financial Management Manual; and the term “Sub-loans” means, collectively, all such Sub-loans.

Sub-loan means a loan made or proposed to be made by the Borrower, out of the proceeds of the Loan allocated from time to time to Category (1) of the table set forth in Section IV.A of Schedule 2 to this Agreement, for purposes of financing all or a portion of the expenditures incurred by a SME for goods, works and services (other than consultants’ services) under a Sub-Project.

Examples of Sub-loan in a sentence

• The transfer to the Trust for deposit in the applicable Loan Group or Sub-Loan Group by the Depositor of the Subsequent Mortgage Loans identified on the related Mortgage Loan Schedule shall be absolute and is intended by the Depositor, the Seller, the Master Servicer, the Securities Administrator, the Trustee and the Certificateholders to constitute and to be treated as a sale of the Subsequent Mortgage Loans by the Depositor to the Trust.

• The Sub-Loan Group II-1 Loans will have an Outstanding Principal Balance as of the Cut-off Date, after deducting all Scheduled Principal due on or before the Cut-off Date, of $77,369,635.47.

• The Sub-Loan Group III-4 Mortgage Loans will have an Outstanding Principal Balance as of the Cut-off Date, after deducting all Scheduled Principal due on or before the Cut-off Date, of $144,049,692.

• The Sub-Loan Group III-1 Mortgage Loans will have an Outstanding Principal Balance as of the Cut-off Date, after deducting all Scheduled Principal due on or before the Cut-off Date, of $155,372,731.43.

• The Paying Agent shall, promptly upon receipt, deposit in the Interest Coverage Account and retain therein the Interest Coverage Amount for each Sub-Loan Group remitted on the Closing Date to the Paying Agent by the Depositor and all income and gain realized from investment of funds deposited in the Pre-Funding Account pursuant to Section 4.08(b).

More Definitions of Sub-loan

Sub-loan means a loan made or proposed to be made by a PFI out of the proceeds of the Loan to a Beneficiary for a Sub-project;

Sub-loan means an Investment Sub-loan (including a free-limit Investment Sub-loan) or a Working-capital Sub-loan, or both, as the context may require; and

Sub-loan means a loan made or proposed to be made by the PFI to Sub-loan Beneficiary under Part B of the Project, in accordance with the Sub-loan Agreement, the Operational Manual, Schedule 6 to this Agreement, and in compliance with the Subsidiary Loan Agreement;

Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to an Investment Enterprise for an Investment Project;

Sub-loan means a sub-loan to be made by the Borrower to a Beneficiary.

Sub-loan means a loan made or proposed to be made by one of the Financial Intermediaries out of the proceeds of the Loan to an Investment Enterprise for an Investment Project.

Sub-loan means a loan or credit made or proposed to be made by a Participating Bank to an Investment Enterprise for an Investment Project out of the equivalent of the proceeds of the Credit relent to a Participating Bank under the Subsidiary Loan Agreement;