Commitment on Encumbrances. The Borrower shall not create any specific encumbrance on all or part of its assets or revenues to secure an external debt without, at the same time, creating an encumbrance guaranteeing to the Bank, equally and proportionally, the fulfillment of the pecuniary obligations arising from this Contract. The foregoing shall not apply:
Appears in 6 contracts
Samples: Loan Contract Special Conditions, Amendatory Contract, www.barbadosparliament.com
Commitment on Encumbrances. The Borrower shall not create any specific encumbrance on all or part of its ofits assets or revenues to secure an external debt without, at the same time, creating an encumbrance guaranteeing to the Bank, equally and proportionally, the fulfillment of the ofthe pecuniary obligations arising from this Contract. The foregoing shall not apply:
Appears in 1 contract
Samples: idbdocs.iadb.org
