SLL Principles definition

SLL Principles has the meaning assigned to such term in Section 2.23(b).
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SLL Principles. Sustainability Linked Loan Principles, as published in March 2022, and as may be updated, revised or amended from time to time by the Loan Market Association and the Loan Syndications & Trading Association.
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SLL Principles shall have the meaning assigned to it in Section 1.07(b).
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Examples of SLL Principles in a sentence

  • The input layer, which contains problem-related parameters, gets data processing instructions from another cell or the outside.

  • In a similar manner, the SLL Principles could provide further guidance on what are appropriate SPTs, fostering a more informed understanding of how an SLL borrower could improve their sus- tainability profile.

  • However, future iterations of the SLL Principles could include more comprehensive detail around SPTs and reporting.

  • Similar to the GB Principles, they are market derived voluntary guidelines with the purpose of providing a level of identifiability, consistency, and transparency for SLLs. The SLL Principles comprise four main components.

  • The SLL Principles are even less demanding than the GB Principles, given the notable absence of suggested pre-issuance and post-issuance review processes.

  • As such, it is suggested that the SLL Principles establish an online repository similar to ICMA’s Resource Centre.

  • As a final step, the SLL Principles recommend that the lenders themselves conduct an evaluation of the borrower’s compliance against the SPTs based on the reported information.109 The relaxed standards of reporting and reviewing in the SLL Principles compared with GB Principles bring to the forefront concerns over harmonisation and product integrity, especially given that the SLL market attracts borrowers from wide-ranging industries, locations, scales, and financial and sustainability profiles.

  • DNV can confirm Saur’s commitment to verification is in line with the requirements of the SLB and SLL Principles.

  • Two–way ratchets are considered more robust and better aligned with the SLL Principles as they offer no ‘free– option’ for not meeting the targets.Whilst we understand there is no strict standardisation when it comes to negotiating the margin structure, we are seeing a fair degree of convergence in the market around the range and nature of the margin ratchet, which we have detailed below.

  • Its first Sustainability Linked Loan (SLL) was contracted in 2021 and, in 2022, the company obtained a new loan with the International Finance Corporation (IFC) following the guidelines of the SLL Principles.

Related to SLL Principles

  • Accounting Principles means the international financial reporting standards (IFRS) within the meaning of Regulation 1606/2002/EC (or as otherwise adopted or amended from time to time).

  • Generally Accepted Accounting Principles means the standards for accounting and preparation of financial statements established by the Federal Accounting Standards Advisory Board (or its successor agency) or any successor standards adopted pursuant to relevant SEC rule.

  • U.S. GAAP means United States generally accepted accounting principles, as in effect from time to time, consistently applied.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the exercise of the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged within the relevant industry or business sector;