Exits from EaSI Capacity Building Investments Sample Clauses

Exits from EaSI Capacity Building Investments. Potential exit strategies for equity investments might include, without being limited to, trade sale, share buy-back, buy/sell arrangement, merger or acquisition. In addition, any restrictions on the transferability of shares held in a Financial Intermediary shall be clear and limited, and shall not prevent EIF to have the right to exit investments. For direct equity investments, EIF will identify appropriate exit strategies with the Financial Intermediary which will be part of the risk analysis of a transaction, with the intention to ensure that all investments are liquidated at the latest 8 years after the initial EIF’s commitment and in any case no later than the Specific Termination Date. Any exit strategy shall be conducted in a socially responsible manner, taking into account several factors such as the market conditions, the promotion of sustainable development of the Financial Intermediary, the potential social implications, as well as the reputational risk for the European Union and the protection of the EU financial interests. For indirect equity investments, EIF shall ensure that the term of the investment vehicle/ fund does not exceed the Specific Termination Date. The Financial Intermediary shall therefore identify clear exit routes in order to ensure that all investments are liquid at the latest 12 years after the initial EIF’s commitment and in any case no later than the Specific Termination Date. For subordinated loans, the maximum maturity with a bullet repayment profile shall not exceed 10 years.
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