Participating Financial Intermediary definition

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 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 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;

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.

• The Additional Legal Matter consists of the following, namely, the Risk Sharing Framework Agreement and the Risk Sharing Agreement mentioned in Section 5.01(b) above have each been duly authorized or ratified by the Recipient and the First Participating Financial Intermediary, respectively, and is legally binding upon the Recipient and the First Participating Financial Intermediary, as the case may be, in accordance with their respective terms.

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

• NAFOSTED and the Participating Financial Intermediary Institutions (PFIs) are primarily responsible for administering and overseeing the implementation of Components I and II, including the procurement performance of those beneficiaries.

• Amounts made available to a Participating Financial Intermediary under a Subsidiary Loan shall be eligible for financing out of the Loan where, pursuant to the Co-Lenders’ Agreement, the proceeds of the Loan, combined with proceeds of the EBRD Loan which are available for financing such amounts in accordance with the EBRD Loan Agreement, may be blended at a 2:1 ratio.

More Definitions of Participating Financial Intermediary

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;

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,

Participating Financial Intermediary 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 the eligibility criteria specified in paragraph II of Schedule 1 to the Project Agreement, and with which BNR shall have entered into a Participating Agreement;

Participating Financial Intermediary or “PFI” means a bank or financial institution eligible to make Subloans from the proceeds of the Grant under Part 1(a) of the Project;

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 one of the following: INDEBANK, the Commercial Bank of Malawi Limited, the National Bank of Malawi, the Leasing and Finance Company of Malawi Limited, and MDC or such other institution(s) as may be added from time-to-time by RBM on the basis of eligibility criteria satisfactory to the Association;

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;