Loan Currency means EUR. "MoCTI" means the Ministry of Construction, Transport and Infrastructure of the Republic of Serbia, or any successor entity. "PIU" means the project implementation unit, including the team of professional and support staff with the necessary administrative powers as well as physical and financial resources necessary to implement the Project. "Project" means the project for which Loan is made, as described in Schedule 1 (Description of the Project) hereto, as such description may be amended from time to time by agreement between the parties thereto.
Loan Currency means EUR. "MoCTI" means the Ministry of Construction, Transport and Infrastructure or any successor entity. "PIU" means the team of professional and support staff with the necessary administrative powers as well as physical and financial resources necessary to implement the Project. "Sub-Part" has the meaning given to it in Schedule 1, sub-paragraph 2. "Tranche" has the meaning given to it in Section 2.01(b). "Tranche 1 Loan" has the meaning given to it in Section 2.01(b)(1). "Uncommitted Loan Tranche" has the meaning given to it in Section 2.01(b).
Loan Currency means EUR. "PIU" means the project implementation unit referred to in Section 3.02.
Examples of Loan Currency in a sentence
The Bank shall, at the request and acting as an agent of the Borrower, and on such terms and conditions as the Bank shall determine, purchase with the Loan Currency withdrawn from the Loan Account such Currencies as the Borrower shall reasonably request to meet payments for Eligible Expenditures.
Ifthe Loan is denominated in more than one currency, the Bank shall divide the Loan Account into multiple sub- accounts, one for each Loan Currency.
More Definitions of Loan Currency
Loan Currency means the Currency in which the Loan is denominated; provided that if the Loan Agreement provides for Conversions, "Loan Currency" means the Currency in which the Loan is denom- inated from time to time. Ifthe Loan is denominated in more than one currency, "Loan Currency" refers separately to each of such Currencies.