Examples of Subsidiary Credit Agreement in a sentence
As a result of events which have occurred after the date of this Agreement, an extraordinary situation shall have arisen which shall make it improbable that either Entity shall be able to perform its obligations under its respective Project Agreement or Subsidiary Credit Agreement.
The Federation shall exercise its rights under the Subsidiary Credit Agreement in such manner as to protect the interests of the Federation and the Association and to accomplish the purposes of the Credit, and except as the Association shall otherwise agree, shall not assign, amend, abrogate or waive the Subsidiary Credit Agreement or any provision thereof.
RS and RSRD shall exercise their rights under the RS/RSRD Subsidiary Credit Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing.
The Government of Senegal subsequently signed a Subsidiary Credit Agreement with SOGEM, the implementing agency of the project.
The following event is specified as an additional condition to the effectiveness of the Interim Fund Development Credit Agreement within the meaning of Section 12.01 (b) of the General Conditions, namely, that a Project Agreement and the corresponding Subsidiary Credit Agreement have been executed on behalf of the Administrator and an Entity and the Borrower and such Entity, with terms and conditions satisfactory to the Administrator.