Loan Service Payment Currency. All Loan Service Payments shall be made in the Loan Service Payment Currency specified in the Financing Agreement. The amount of any Loan Service Payment shall be the equivalent in Loan Service Payment Currency, as of the due date, of the SDR amount of such Loan Service Payment, as determined by the Fund in accordance with Article 5, Section 2(b) of the Agreement Establishing IFAD.
Appears in 3 contracts
Samples: Financing Agreement, Financing Agreement, webapps.ifad.org
Loan Service Payment Currency. All Loan Service Payments shall be made in the Loan Service Payment Currency specified in the Financing Agreement. The amount of any Loan Service Payment shall be converted into the equivalent in Loan Service Payment Denomination Currency, as if necessary, at the rate applicable on the value date of the due date, of the SDR amount of such Loan Service Payment, as determined by the Fund payment in accordance with Article 5, the provisions of Section 2(b) of the Agreement Establishing IFAD6.03.
Appears in 3 contracts
Samples: Financing Agreement, Project Agreement, Financing Agreement
