Subloan definition

Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

Subloan means a loan made, or proposed to be made, by a PFI out of the proceeds of the Climate Resilient Agriculture Credit Line or the Income Diversification Credit Line (as applicable) to an Eligible Subborrower for an Eligible Subborower Subproject;

Subloan means a loan to a Qualified Enterprise for a Qualified Subproject made or proposed to be made by IDCOL from the proceeds of the Loan;

Examples of Subloan in a sentence

• No Working-capital Sub-loan shall be made to an Exporter if the aggregate principal amount outstanding of Working- capital Sub-loans previously made to such Exporter when added to the principal amount of the Working-capital Sub-loan proposed to be made would exceed the credit limit referred to in paragraph 1 (b) of this Part B.

• No expenditures for goods or services required for an Export Program shall be eligible for financing out of the proceeds of the Loan unless the Bank shall have authorized withdrawals from the Loan Account for the Working-capital Sub-loan for such Export Program and such expenditures shall have been made not earlier than ninety days prior to the date on which the Bank shall have received the request and information required under paragraph 3 (a) of this Part B in respect of such Working-capital Sub-loan.

• The amount of the Loan may be withdrawn from the Loan Account in accordance with the provisions of Schedule 1 to this Agreement for amounts paid (or, if the Bank shall so agree, to be paid) by the Borrower on account of withdrawals made by a Beneficiary under a Sub-loan for a Development Project to meet the reasonable cost of goods and services required for such Development Project and to be financed out of the proceeds of the Loan.

• Except as the Bank and the Borrower may otherwise agree, the Borrower shall open and thereafter maintain in its books, in accordance with its normal financial procedures and on conditions satisfactory to the Bank, a separate account to which it shall credit each repayment of principal or a Sub-loan upon receipt thereof.

• Each Subloan agreement shall appropriately reflect the obligations of the Borrower and the Qualified Enterprise assumed under this Loan Agreement in respect of the Qualified Project.

More Definitions of Subloan

Subloan means any loan, credit or deposit made or proposed to be made by a Participating Financial Institution to or for an Exporting Enterprise for an Export Project, including Working Capital required therefor, which includes the proceeds of the Credit relent to the Participating Financial Institution under any Participation Agreement; and “Subloans” means all said loans or credits, collectively;

Subloan in this checklist means the investment of the sub-borrower for which the loan is provided.

Subloan means a loan made, or proposed to be made, by GPG through GFTC out of the proceeds of the Loan to a subborrower for a subproject;

Subloan means a Subloan made or proposed to be made by TNUDF out of the proceeds of the Loan to a Subborrower for financing a Subproject under Part B.1 (a) of the Project;

Subloan means a loan made or proposed to be made by a Participating Financial Institution to an Eligible MSME, out of its own funds, for purposes of financing all or a portion of the expenditures incurred by the Eligible MSME for goods, works or services under a Subproject under Part 3 of the Project or for financing working capital requirements of the Eligible MSME, all in accordance with the terms and conditions of the Partial Guarantee Operational Manual.

Subloan means a loan made by a PFI to an MSE out of the proceeds of a Subsidiary Loan for the financing and carrying out of a Subproject under Part 1 of the Project pursuant to the provisions of the Project Agreement and the Operational Manual, under terms and conditions satisfactory to the Bank and referred to in Section I, B.3(c) of the Schedule to the Project Agreement; and the term “Subloans” means, collectively, all such Subloans.

Subloan means a loan, including lease financing, made or proposed to be made by a PFI to a Beneficiary Enterprise out of the equivalent of the proceeds of the Credit provided to it by Bangladesh Bank; and