Green Loans means 5-Year Revolver Green Loans or 364-Day Revolver Green Loans, as the context may require.
Green Loans means loans to any borrower that meets the criteria detailed below. Green financing shall cover financial arrangements by way of credit facilities (fund - based and non-fund based) investments and derivative products that are targeted at projects / products which are environmentally sustainable and consider the aspects of climate changes. The eligibility criteria to classify as Green Loans are Eligibility CriteriaEnergy EfficiencyMeasures implemented aimed to acquire, replace, redesign orrefurbish equipment, systems and / or contracting services/products to decrease in at least 15% the energy consumption for every unit of service output of the corporate entity. This includes utilizing waste energy and any other measure to improve the efficiency of energy use (or reducing specific energy consumption) of the system directly affected by the sub-loan based on minimum requirements. Coal related projects are not eligible.RenewableInstallation or construction measure implemented by theEnergyborrower and aimed at investing into fixed assets that enablegeneration or productive use of electricity, heat, cooling and any other form of energy from renewable resources, including but not limited to solar, wind, hydro, biomass, geothermal and tidal.Green BuildingsA loan to a borrower will be accepted as a Green Buildings loansubject to receiving an eligible Green Building certification and proof of an improvement in Energy Efficiency of at least 20%.Special ClimateThis include projects related to climate smart agri, watermanagement, waste management, recycling plants and other categories which aim at reducing emissions, reducing the consumption of water, conservation of energy or are related to any other activity which has a direct positive benefit related tothe climate and environment
Green Loans means any form of financing or instrument made available exclusively to finance or re-finance, in whole or in part, new and/or existing.
Examples of Green Loans in a sentence
The 5-Year Revolver Lenders shall have no obligation to make 5-Year Revolver Revolving Credit Loans (including any 5-Year Revolver Green Loans) hereunder on or after the 5-Year Revolver Expiration Date.
The aggregate of each 5-Year Revolver Lender’s 5-Year Revolving Credit Loans (including any 5-Year Revolver Green Loans) outstanding hereunder to the Borrower at any time shall never exceed its 5-Year Revolving Credit Commitment minus its 5-Year Revolver Ratable Share of the outstanding Swing Loans and Letter of Credit Obligations.
More Definitions of Green Loans
Green Loans means loans by SBAB and/or the SBAB Group (including where already disbursed) for the purpose of financing and/or refinancing assets or activities which fall into one of the following categories (as identified by the SBAB Group in the SBAB Group’s Green Bond Framework):
Green Loans means new and existing retail loans and lease contracts for low emission passenger vehicles determined by the Issuer to fulfil the Eligibility Criteria. These projects fall under the category "green" projects set out in the ICMA Green Bond Principles. The Green Loans will be assessed and monitored according to the Issuer's Green Bond Framework as meeting the Eligibility Criteria.