Examples of Subsidiary Loan Agreement in a sentence
No disbursement shall be made from the Grant Account, in respect of any Civil Works and Goods with respect to Component 2, unless and until the Subsidiary Loan Agreement has been duly signed between the Recipient and TDF, in a form and substance satisfactory to ADB.
The Borrower shall assume the foreign exchange risk on all sums due and owing under the Subsidiary Loan Agreement.
In respect of Output 1 of the Project, the Borrower shall provide a portion of the proceeds of the Loan to WUAs and Local Bodies as grant, and relend eighteen million Dollars ($18,000,000) of the proceeds of the Loan as subloan to TDF under a Subsidiary Loan Agreement upon terms and conditions satisfactory to ADB, and shall cause TDF to apply such proceeds to the financing of expenditures for the Subprojects in accordance with the financing allocations for each Subproject as set out in the XXX.