Partial Credit Guarantee definition

Partial Credit Guarantee or “PCG” means, individually, a partial credit guarantee financed or to be financed out of the proceeds of the Financing under Part 1 of the Project, and “Partial Credit Guarantees” or “PCGs” means, collectively, more than one Partial Credit Guarantee.
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Partial Credit Guarantee means a partial credit guarantee granted by NFG to an Eligible PFI under Parts 2(b) and 2(c) of the Project to guarantee a selected MSME Sub-loan (in accordance with the criteria defined on the Operational Manual), under the terms and conditions of the pertinent Partial Credit Guarantee Agreement.
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Partial Credit Guarantee means in respect of each Risk Sharing Agreement, the amount shared between the Recipient and IFC (as obligor for its own account) of up to fifty percent (50%) of documented principal losses on a portfolio of newly generated SME loans, on a pari passu basis with each Participating Financial Intermediary.
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Examples of Partial Credit Guarantee in a sentence

  • The component seeks to promote commercial and export-oriented agriculture; attract and leverage investments from farmer producer organizations and agribusinesses for high value agriculture production and value addition; and provide the enabling environment, incentives, and access to finance for such investments through matching grants, technical assistance support, linkages to the commercial banking sector, and a Partial Credit Guarantee (PCG) facility.

  • Disbursed IDA funds of Transfers to the Partial Credit Guarantee Account for purposes of issuing Partial Credit Guarantees under Part 1 (c) of the Project will remain in the guarantee fund for 5 years after project closing, after which the Bank and the Government will determine whether to continue the guarantee fund or refund the unutilized funds in the bank account of World Bank.

  • There are therefore other windows available including the Partial Credit Guarantee Scheme and the Special Liquidity Facility.

  • It is very likely that a Sovereign Guarantee or the implementation of an appropriate risk mitigation instrument (e.g. Partial Credit Guarantee) will be required to mitigate non-payment risk from the off-taker.

  • Banks receive limited information from the PCR.14 Banks note (a) that credit references are not available for everyone, particularly for small businesses that do not have bank credit; (b) the absence of information about other type of arrears, such as tax, social security, customs, and utilities; and (c) that identification of borrowers 10 World Bank, Cabo Verde: Partial Credit Guarantee Scoping Report, August 2016.11 World Bank Group: FIRST Initiative.

  • The government announced several measures to revive the economy which includes capital infusion into public sector banks to improve liquidity and push credit offtake, merger of public sector banks to enhance credit capacity, reduction in policy rates, sharp cut in corporate tax rate, sops for real estate for last mile funding for stalled projects and support to NBFCs under the Partial Credit Guarantee Scheme.

  • The government announced several measures to revive the economy which includes capital infusion into public sector banks to improve liquidity and push credit off take, merger of public sector banks to enhance credit capacity, reduction in policy rates, sharp cut in corporate tax rate, sops for real estate for last mile funding for stalled projects and support to NBFCs under the Partial Credit Guarantee Scheme.

  • For the Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC), the key steps to address these risks include screening of MSMEs for Environmental and Social (E&S) compliance, provision of regulatory liaison and technical guidance, inclusion of E&S requirements in guarantee and participation agreements, and periodic supervision, auditing, and reporting.

  • Financing for stressed MSMEs has been enabled through launch of a subordinate debt scheme.(viii) Non-Banking Finance Companies (NBFCs): Partial Credit Guarantee Scheme of Rs.45,000 crore and Special Liquidity Facility of Rs.30,000 crore have been launched for liquidity to NBFCs.

  • On March 2, 2017, the Monetary Council (MC) of the ECCB approved and signed the Agreement for the Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC)—henceforth, ‘the Corporation’.8 The ECPCGC formally entered into force on May 7, 2018.


More Definitions of Partial Credit Guarantee

Partial Credit Guarantee or “PCG” means, individually, a partial credit guarantee financed or to be financed out of the proceeds of the Credit under Part A.1 (b) (i) of the Project, and “Partial Credit Guarantees” or “PCGs” mean, collectively, more than one Partial Credit Guarantee;
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Partial Credit Guarantee means any guarantee provided under Part A of the Project;
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Partial Credit Guarantee or the acronym “PCG” means guarantees to be provided by BDF under Part 2.1 of the Project.
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Related to Partial Credit Guarantee

  • Partial Credit Payment means any payment, distribution or benefit that is not a Full Credit Payment.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the Borrowers' obligations to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Additional Credit Facilities means any credit facilities added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Dual credit means the system under which an eligible high school student enrolls in college course(s) and receives credit for the course(s) from both the college and high school.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • New Credit Facility is defined in Section 9.8.

  • ABL Credit Agreement as defined in the recitals hereto.

  • VA Loan Guaranty Agreement means the obligation of the United States to pay a specific percentage of a Mortgage Loan (subject to a maximum amount) upon default of the Mortgagor pursuant to the Servicemen’s Readjustment Act, as amended.

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Senior Credit Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Full Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar reduces the amount of the parachute payment (as defined in Section 280G of the Code) by one dollar, determined as if such payment, distribution or benefit had been paid or distributed on the date of the event triggering the excise tax. “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended as of November 14, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as administrative agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Federal credit means the Low Income Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).