Concessionary Loan definition

Concessionary Loan means a loan or other borrowings obtained by Lesotho and provided to the Lesotho Highlands Development Authority or a loan or other borrowings obtained by the Lesotho Highlands Development Authority directly, on terms and conditions in the aggregate more favourable than the terms and conditions applicable to the IBRD Loan. The terms and conditions of a loan or other borrowings shall be deemed to be in the aggregate more favourable than the terms and conditions applicable to the IBRD Loan if the present value of the debt service payments of such loan or borrowings calculated on the basis of the terms and conditions actually applicable to such loan or other borrowings, is less than the present value of the debt service payments of the same amount calculated on the terms and conditions of the IBRD Loan. The present value in each case shall be calculated by applying as a discount rate the relevant Concessionary Discount Rate. The relevant calculations shall be made as
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Examples of Concessionary Loan in a sentence

  • The database will be operational in 2000.Case study: Concessionary Loan Facilities In the last five years the Government of South Africa developments.

  • If the outgoing owner has purchased another HDB flat or Design, Build and Sell Scheme (DBSS) flat under the Revised Second Concessionary Loan Policy with a commercial interest rate loan, the CPF refund with interest and part of the cash consideration1 (if any) will be used to partially/fully redeem the commercial interest rate loan.

  • The Board of Governors has considered the circumstances of the loan and have concluded that it meets the requirements of a Public Benefit Concessionary Loan and have accounted for it in this way.

  • Concessionary Loan On 31 August 2018, the Institute and the Crown entered into a concessionary loan agreement for up to $50 million at 0% interest.

  • Also selected schools will be supported to establish After-School and Vacation Centres (ACVC) within the school itself, while the private sector will also be facilitated to establish child-care facilities, through the “Rekawarana” Concessionary Loan Schemes of “Enterprise Sri Lanka”.

  • As such, the Government will bear 50% of such cost, while the “Ran Aswenna” Concessionary Loan of the “Enterprise Sri Lanka” Scheme,[Expl.

  • On 31 August 2018, the Institute entered into an unsecured Concessionary Loan Agreement with the Crown for up to $50 million.

  • CONTENT AND FORMS OF ODA‌ This Chapter looks at the three principal forms of ODA to SA: Technical Assistance (TA), Grants and Concessionary Loan Finance.

  • Page 1, line 1, delete “ Inducements”, and insert “Chinese Government Concessionary Loan availability.” in lieu thereof.

  • ORIGIN HOUSING In our view SHG is a Concessionary Loan of indeterminate length that becomes repayable if certain events occur.

Related to Concessionary Loan

  • concessionary payment means a payment made under arrangements made by the Secretary of State with the consent of the Treasury which is charged either to the National Insurance Fund or to a Departmental Expenditure Vote to which payments of benefit or tax credits under the benefit Acts or the Tax Credits Act 2002 are charged;

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement;

  • Conduit Inventory Loan shall have the meaning assigned to such term in Section 14(d).

  • Cap Agreement means any interest rate cap agreement, interest rate swap agreement or other interest rate-hedging contract or agreement, in a form acceptable to Lender, obtained by Borrower from a Cap Provider as a requirement of any Loan Document or as a condition of Lender’s making the Loan.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Existing Loan means the loan identified on Exhibit H.

  • Approved Lender is defined in Section 12.1.

  • Probationary license means a license issued as a

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Bridging Loan means a credit facility granted for the purchase of Residential Property by the Borrower, pending the receipt of proceeds from the sale of another Residential Property owned or co-owned by the Borrower, under which any balance outstanding shall be repaid within six months;

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • prospective assignment means an assignment that is intended to be made in the future, upon the occurrence of a stated event, whether or not the occurrence of the event is certain;

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Loan Origination Fee means the fee charged by the

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.