Examples of Subsidiary Loan in a sentence
The Borrower shall make the proceeds of the Loan available to NWSDB, under the NWSDB Subsidiary Loan Agreement upon terms and conditions satisfactory to ADB and the Borrower, and shall cause NWSDB to apply such proceeds to the financing of expenditures on the NWSDB Part of the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.
The Borrower shall: (a) relend an amount of eighteen million seven hundred eighty thousand Euros (EUR 18,780,000) out of the proceeds of the Loan to the Federation under the Federation Subsidiary Loan Agreement; and (b) relend an amount of twelve million five hundred twenty thousand Euros (EUR 12,520,000) out of the proceeds of the Loan to Republika Srpska under the RS Subsidiary Loan Agreement, all on terms and conditions satisfactory to the Bank.
The following is specified as an additional condition to the effectiveness of this Loan Agreement for the purposes of Section 10.01(f) of the Loan Regulations: the Subsidiary Loan Agreement shall have been duly executed and delivered, and all conditions precedent to its effectiveness (other than a condition requiring the effectiveness of this Loan Agreement) shall have been fulfilled.