Conversion Requirements. Any Conversion shall be subject to the following requirements: (a) The feasibility of the Bank to execute any Conversion will depend on the ability of the Bank to source its funding, in accordance with its policies, and will be subject to legal, operational and risk management considerations and prevailing market conditions. (b) The Bank will not execute Conversions on amounts that are less than the equivalent of three million Dollars (US$3,000,000), unless (i) in the case of the last disbursement, the undisbursed amount is less, or (ii) in the case of a fully disbursed Loan, the Outstanding Loan Balance under any Loan Tranche is less. (c) The number of Currency Conversions to Non-Borrowing Member Country Currencies may not exceed four (4) during the term of this Contract. This limit shall not apply to Currency Conversions to Local Currency. (d) The number of Interest Rate Conversions may not exceed four (4) during the term of this Contract. (e) Any modification to the Amortization Schedule requested by the Borrower at the time of requesting a Currency Conversion shall be subject to the provisions of Articles 3.02 (c) and 5.03
Appears in 4 contracts
Samples: Loan Contract, Loan Contract, Loan Contract
Conversion Requirements. Any Conversion shall be subject to the following requirements:
(a) The feasibility of the Bank to execute any Conversion will depend on the ability of the Bank to source its funding, in accordance with its policies, and will be subject to legal, operational and risk management considerations and prevailing market conditions.
(b) The Bank will not execute Conversions on amounts that are less than the equivalent of three million Dollars (US$3,000,000), unless (i) in the case of the last disbursement, the undisbursed amount is less, or (ii) in the case of a fully disbursed Loan, the Outstanding Loan Balance under any Loan Tranche is less.
(c) The number of Currency Conversions to Non-Borrowing Member Country Currencies may not exceed four (4) during the term of this Contract. This limit shall not apply to Currency Conversions to Local Currency.
(d) The number of Interest Rate Conversions may not exceed four (4) during the term of this Contract.
(e) Any modification to the Amortization Schedule requested by the Borrower at the time of requesting a Currency Conversion shall be subject to the provisions of Articles 3.02 (c) and 5.03
Appears in 1 contract
Samples: Letter of Agreement for an Individual Operation Within the Line of Credit
