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 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.

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

  • 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.

  • Concessionary Loan: 60.0 million Grant: 50.0 million 17 According to the National Agricultural Policy (NAP) about 600,000 small scale farmers are targeted for conservation agriculture adoption by the year 2015 from the current 250,000.

  • Concessionary Loan Concessionary LoanIn 2007, Tauranga City Council and Western Bay of Plenty District Council together acquired a block of land referred to as Te Tumu.

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;

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

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

  • Letter of Credit Participation shall have the meaning provided in Section 3.3(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • 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.

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • 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;

  • 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.