Participating Financial Intermediary definition

Participating Financial Intermediary and “PFI” each means a commercial bank or a leasing company established and operating pursuant to the laws of the Recipient, selected by IFC following prior consultation with the Recipient and the Association, and which has met the eligibility criteria specified in the Risk Sharing Framework Agreement and as a result has received or is proposed to receive a Partial Credit Guarantee under a Risk Sharing Agreement, and such term includes the First Participating Financial Intermediary.

Participating Financial Intermediary or “PFI” means an approved financial institution, cooperative or other banking society, that meets the criteria established by the Recipient, and which is registered as a financial institution, cooperative or society pursuant to the laws of any member state of the Recipient.

Participating Financial Intermediary means, individually, a financial institution that has satisfied the eligibility criteria set forth in Section G.1 of Schedule 2 to this Agreement and in the CSF Operational Manual, with which UECC has entered into, or proposes to enter into, a Participation Agreement. “Participating Financial Intermediaries” or “PFIs” means, collectively, all such PFIs.

Examples of Participating Financial Intermediary in a sentence

• The Additional Events of Suspension consists of the following: (a) the Risk Sharing Framework Agreement has been suspended or terminated in accordance with its terms; or (b) any Participating Financial Intermediary shall have failed to perform any of its obligations under their respective Risk Sharing Agreement.

• As initial concepts, we show how to realize changes and revisions.

• The Participating Financial Intermediary shall have the right to repay, in advance of maturity, any portion of the principal amount of a Subsidiary Loan, subject to a repayment premium of one-eighth of one percent (0.125%) of any amount so repaid.

• The full allocation amounts of Category 2 – First Loss Coverage for subsequent Participating Financial Intermediary (Part 1 of the Project) will be cancelled.

• Participating Financial Intermediary (PFI)/or intermediaries to administer the microloans to end-borrowers (microenterprises) under Sub- component 2.1, will be selected through open bidding among all eligible financial institutions.A thorough due diligence review will be conducted by the Bank Team on the selected financial institution’s existing E&S performance and capacity.

More Definitions of Participating Financial Intermediary

Participating Financial Intermediary or “PFI” means any Financial Intermediary agreed between RS (defined hereafter) and the Association to participate in the Project on the basis of criteria acceptable to the Association for purposes of extending Sub-loans out of the proceeds of the Credit; and “Participating Financial Intermediaries” or “PFIs” means all said Financial Intermediaries, collectively;

Participating Financial Intermediary means any or each Participating Bank or Finance Company;

Participating Financial Intermediary and "PFI" mean a commercial or development bank or credit institution acceptable to the Association to which BRB under an agreement (a "Participating Agreement") with such bank or institution, has lent proceeds of the Credit for relending to Investment Enterprises for Investment Projects;

Participating Financial Intermediary or "PFI" has the same meaning as in Section 3.04 (a) of this Agreement;

Participating Financial Intermediary or “PFI” means any private commercial bank selected by the Entities pursuant to criteria acceptable to the Association for purposes of extending PFI Sub-loans out of the proceeds of the Credit, and “Participating Financial Intermediaries” or “PFIs” means all said participating financial intermediaries collectively;

Participating Financial Intermediary means any financial institution in the territory of the Borrower which shall have been: (i) duly accredited under the Financial Institutions Development Program in accordance with the applicable criteria therefor; and (ii) accepted for participation in the Project pursuant to Section 3.02 (a) of this Agreement;

Participating Financial Intermediary or "PFI" means any development bank, commercial bank or financial institution registered in the territory of the Borrower as may be designated by BNR on the basis of eligibility criteria satisfactory to the Association and with which BNR shall have entered into a Participating Agreement;