Fiduciary Contract definition

Fiduciary Contract means the fiduciary contract (Contrato de Encargo Fiduciario de Administración y Pagos) entered into between the Participating Department, and the Fiduciary Agent for the administration of the various funds of the Project, including inter alia, the proceeds of the Loan, in accordance with the laws of the Borrower and on terms and conditions acceptable to the Bank.
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Fiduciary Contract means any agreement referred to in Section I.E.1 (c) of Schedule 2 to this Agreement.
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Examples of Fiduciary Contract in a sentence

  • The Notes do not constitute a direct debt obligation but are solely fiduciary obligations of the Fiduciary in accordance with the Law and may only be satisfied out of the Fiduciary Assets and the Fiduciary Asset Agreements corresponding to the Fiduciary Contract.

  • Except as the Bank shall otherwise agree, the Borrower shall not, and shall not cause or allow any Implementing Party to amend, abrogate, waive or fail to enforce the Operational Manual, the Fiduciary Contract, the ESMF or any respective provisions thereof.

  • The Notes do not constitute a direct debt obligation and are solely a fiduciary obligation of the Fiduciary and may only be satisfied out of the Fiduciary Assets and/or the Fiduciary Asset Agreement(s) corresponding to the Fiduciary Contract.

  • However, there is a risk that, because the Notes do not constitute a direct debt obligation of the Fiduciary but instead comprise a fiduciary obligation of the Fiduciary that may only be satisfied out of the Fiduciary Assets and/or the Fiduciary Asset Agreement corresponding to the Fiduciary Contract, this might cause the arrangements with respect to the Notes to be seen as a form of AIF.

  • The Borrower shall carry out the Project in accordance with the provisions of: this Agreement, including, inter alia, the provisions in this Schedule 2 to this Agreement; the Operational Manual, the ESMF and the Procurement Plan; the Fiduciary Contract; the Inter-administrative Agreement; and the Financial Support Agreement.

  • Karl Schaeff holds the Exlo Limited Shares as trustee for Schae▇▇ ▇▇▇▇▇▇▇ ▇G based on a fiduciary contract (hereinafter referred to as the "Fiduciary Contract").

  • The Borrower shall exercise and carry out and/or cause to be exercised and carried out the rights and the obligations of each party under the Fiduciary Contract in such manner as to protect the interests of the Borrower and the Bank and to accomplish the purposes of the Loan.

  • Buyer has the irrevocable right to demand that Karl Schaeff sells and transfers his Exlo Limited Shares repres▇▇▇▇▇▇ ▇▇▇ ▇12.000 of the authorized share capital of Exlo Limited in his capacity as Trustee for Schaeff Holding KG and all his rights and obligations under the Fiduciary Contract with the Trustees holding the preferred shares in Exlo Limited to Buyer, insofar as such sale and transfer is legally permissible under applicable law and statutory or similar provisions (hereinafter "the Call Option").

Related to Fiduciary Contract

  • Affiliate Contract means any Contract between a Business Company, on the one hand, and Parent or any of its Affiliates (other than a wholly-owned Business Company), on the other hand, excluding, for the avoidance of doubt, any Transaction Document.

  • Participant contract means a contract by which a sponsored captive insurance company insures the risks of a participant and limits the losses of the participant to the assets of a protected cell.

  • Parent-subsidiary relationship means a relationship that exists when one corporation directly or indirectly owns shares possessing more than 50 percent of the voting power of another corporation.

  • Fiduciary organization or "organization" means a charitable organization exempt from taxation under section 501(c)(3) of the internal revenue code that is approved by the agency to manage a reserve fund. A fiduciary organization may also be a program site.

  • Family relationship means a relationship between a person and another person within the third degree by consanguinity or the second degree by affinity, as those terms are defined by Subchapter B, Chapter 573, Texas Government Code.