Risk Sharing Framework Agreement definition
Examples of Risk Sharing Framework Agreement in a sentence
Refunds to the Association made pursuant to paragraphs 3 and 4 of this Section I.C or otherwise pursuant to the provisions of the Risk Sharing Framework Agreement shall be credited to the Credit Account for subsequent withdrawal or for cancellation in accordance with the relevant provisions of this Agreement, including the General Conditions.
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.
Deposits into, and payments out of the RSF Trust Fund shall be made in accordance with the terms and conditions set forth in this Agreement and the Risk Sharing Framework Agreement.
Such inconsistent use shall include, without limitation, use of such amount to make a payment for an expenditure that is not an Eligible Expenditure in accordance with the terms of this Agreement, the Risk Sharing Framework Agreement, or any Risk Sharing Agreement.
The proceeds of the Credit deposited in the RSF Trust Fund shall be used exclusively for First Loss Coverage, subject to the terms of this Agreement and the Risk Sharing Framework Agreement.
The Recipient shall monitor and evaluate the progress of Parts 2, 3 and 4 of the Project, and prepare Project Reports in accordance with the provisions of Section 4.08 of the General Conditions on the basis of indicators acceptable to the Association, and entrust IFC to do the same for Part 1 of the Project under the Risk Sharing Framework Agreement.
Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive, or permit to be assigned, abrogated, or waived the Risk Sharing Framework Agreement or any provisions thereof.
The Recipient shall perform all its obligations under the Risk Sharing Framework Agreement and take all actions necessary on its part to enable IFC and the Association to perform their respective obligations under said agreement and also to enable IFC and each PFI to perform their respective obligations under the Risk Sharing Agreements, and not take or permit to be taken any action which would prevent or interfere with any such performance.
A Risk Sharing Framework Agreement will be signed by the Ministry of Industry and SMEs, IFC and IDA.