Risk Sharing Facility Agreement definition

Risk Sharing Facility Agreement means an agreement between the International Finance Corporation and a Participating Bank in relation to the sharing of credit risk over a portfolio of small and medium enterprise and / or microfinance institution loans to be originated and held by such Participating Bank; and “Risk Sharing Facility Agreements” means, collectively, more than one (1) Risk Sharing Facility Agreement;

Examples of Risk Sharing Facility Agreement in a sentence

• The program makes grants available to IHEs to develop programs that teach foreign languages and emphasize the understanding of science and technology, foster international scientific collaboration, and provide professional development to K-12 teachers.

• The agreed conditions for effectiveness consist of the following, namely, the Risk Sharing Framework Agreement and at least one (1) Risk Sharing Facility Agreement, all satisfactory to IDA, have been executed and delivered and all conditions precedent to their effectiveness (other than the effectiveness of the Financing Agreement) have been fulfilled.

• IFC, Bank of Africa (2008), Risk Sharing Facility Agreement between BOA and IFC, July 2008 Industrial Minerals North America, www.ima-na.org.MCC Final Status Report, Mali Compact, December 2012.

• IDA will transfer the credit/grant proceeds to cover RGC’s ‘first loss’ portion of funds (up to US$5 million in disbursements as each PFI signs the Risk Sharing Facility Agreement with IFC), on behalf of the RGC, to a Trust Fund account administered by IFC6.

• The IFC, in its capacity as facility agent, will, on behalf of GoPNG as obligor, sign a Risk Sharing Facility Agreement with each selected PFI and will pay all acceptable loss claims from the trust account, subject to its verification that the losses are legitimate and payable under the agreement.