Recycled Funds definition
Recycled Funds means Claims Trust Cash that is designated as Recycled Funds pursuant to Article IV.C.3.e of the Plan and any other Claims Trust Cash remaining that would not be distributable to RMBS Trust Certificateholders pursuant to the Governing Agreements after application of Article IV.C.3.e of the Plan.
Recycled Funds means funds that (1) come to the Participating Jurisdiction in the form of Program Income, returned program services costs, repayment of principal, or return of invested capital (i.e., funds that have been previously loaned or invested), and (2) are expended, transferred, or obligated by the Participating Jurisdiction on new loans, investments, or other credit equity support.
Recycled Funds means principal amounts of onlent ADB Loans repaid to FIs by subborrowers and principal amounts of recycled funds repaid to FIs by subborrowers;
Examples of Recycled Funds in a sentence
GPG shall and shall cause the FIs to ensure that no proceeds of the ADB Loan, including any Recycled Funds, are used to finance any activity included in the list of prohibited investment activities provided in Appendix 5 of the Safeguards Policy Statement and, among other things, will include a requirement in each Relending Agreement to require FIs to ensure that no Subloan is used to finance any such activity.