Subsidiary Grant definition

Subsidiary Grant means the grant provided by the Recipient to the Federation under the Subsidiary Agreement (as hereafter defined) from the proceeds of the Grant;

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Subsidiary Grant means the Subsidiary Grant provided under the Subsidiary Agreement.

Subsidiary Grant means a grant to be made by the Recipient out of the proceeds of the Financing to SDF pursuant to the provisions of paragraph 1 of Section I of Schedule 2 to this Agreement.

Examples of Subsidiary Grant in a sentence

• The Additional Condition of Effectiveness is that Recipient and the Project Implementing Entity have executed an amended Subsidiary Grant Agreement for the purpose of on-granting the proceeds of the Financing to the Project Implementing Entity, under terms and conditions which shall have been approved by the Association.

• The Additional Legal Matter is that the amended Subsidiary Grant Agreement has been duly authorized or ratified by the Recipient and the Project Implementing Entity and is legally binding upon the Recipient and the Project Implementing Entity in accordance with its terms.

• The Recipient shall exercise its rights under the Subsidiary Grant Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing.

• The following event is specified as additional condition to the effectiveness of the Development Credit Agreement within the meaning of Section 12.01(b) of the General Conditions, namely that the Subsidiary Grant Agreement has been executed on behalf of the Borrower and SDF.

• Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Subsidiary Grant Agreement or any of its provisions.

More Definitions of Subsidiary Grant

Subsidiary Grant means the grant made by the Borrower to SMEPC pursuant to the Subsidiary Grant Agreement.

Subsidiary Grant means the grant to be on-granted by the Recipient to the Project Implementing Entity out of the proceeds of the Financing under the Subsidiary Agreement.

Subsidiary Grant means the grant made available to PKSF by the Borrower for purposes of Part E of the Project;

Subsidiary Grant means a grant to be made by: (i) the Recipient out of the proceeds of the Grant to GDPG; or (ii) a Project Province out of the proceeds of the Grant to each of its Participating Power Plants, each pursuant to the provisions of the respective Subsidiary Grant Agreement; and “Subsidiary Grants” means the plural thereof.

Subsidiary Grant means the grant made by the Recipient to EDC pursuant to Section 3.01 of this Grant Agreement;

Subsidiary Grant means a grant made or proposed to be made out of the proceeds of the Subsidiary Credit under the FETF or RETF Subsidiary Financing and Project Implementation Agreement pursuant to the provisions of Part A.2 of the Implementation Program set forth in Schedule 5 to this Agreement;

Subsidiary Grant means the grant made or proposed to be made by the Borrower out of the proceeds of the Co-financing to the Project Implementing Entity for the purposes of carrying out Parts 1, 2 and 3.1 of the Project.