Examples of Subsidiary Credit Agreements in a sentence
The Borrower shall exercise its rights under the Subsidiary Credit Agreements in such a manner as to protect the interests of the Borrower and the Association and to accomplish the purposes of the Program, and, except as the Association shall otherwise agree, the Borrower shall not assign, amend, abrogate or waive the Subsidiary Credit Agreements or any provision thereof.
These guidelines will be part of the revised Project Operational Manual and constitute an integral part of the Subsidiary Credit Agreements to be signed between the Recipient and each of the PFIs. VI.
These guidelines will be part of the revised Project Operational Manual and constitute an integral part of the Subsidiary Credit Agreements to be signed between the Recipient and each of the PFIs. The PIU’s main tasks will be to regularly receive and collate information from the PFIs on the amounts disbursed under the facility, the level of repayment, and compliance with financial management and environmental requirements.
Subsidiary Credit Agreements will be subject to final confirmation by IDA and approved on a no objection basis.
The reason for the extension was that project effectiveness had been delayed by six months, due to the lengthy procedures of ratification of the Credit Agreement and Subsidiary Credit Agreements by the state and entities parliaments.