Facility Advisor definition
Examples of Facility Advisor in a sentence
The Facility Advisor shall duly perform all its obligations under the Facility Management Agreement.
If the Offering or any portion thereof corresponds to Investment Projects financed out of the proceeds of Investment Loans or Bridge Loans, the amount received by the PFI from the Facility Advisor as the purchase price for such Offering or part thereof under the Standby Loan shall be utilized by the PFI to repay the corresponding Investment Loans and Bridge Loans.
The Facility Advisor shall provide to Bangladesh Bank monthly, quarterly and semiannual reports in a format satisfactory to Bangladesh Bank, the Borrower and the Association, setting out, inter alia, the demand and utilization of Facility Loans and all relevant data relating to the resource mobilization aspects of PFI’s operations.
Except as Bangladesh Bank, the Borrower and the Association shall otherwise agree, the Facility Advisor shall not take or concur in any action which would have the effect of assigning, amending, abrogating or waiving the Facility Management Agreement, or any provision thereof.
The Facility Advisor shall assist Bangladesh Bank to manage, operate and administer the Facility in accordance with the Operational Directives and sound administrative and financial standards and practices.
The Facility Advisor shall, at the request of the Bangladesh Bank, exchange views with Bangladesh Bank, the Borrower and the Association with regard to the performance of its obligations under the Facility Management Agreement and other matters relating to the purposes of the Facility and the Credit.
The Facility Advisor shall promptly inform Bangladesh Bank, the Borrower and the Association of any condition which interferes or threatens to interfere with the accomplishment of the purposes of the Facility or the Credit or the performance by the Facility Advisor of its obligations under the Facility Management Agreement, the Master Facility Agreement and the Facility Access Agreements.