BWBV0004742
Artikel 12
Verdrag tot oprichting van de Bank voor Economische Samenwerking en Ontwikkeling in het Midden-Oosten en Noord-Afrika
a). The Bank shall not undertake any financing, or provide any facilities, when the applicant is able to obtain sufficient financing or facilities from other sources on terms and conditions that the Bank considers reasonable.
b). To mobilize other private or official capital flows:
(i) the Bank shall assure that projects which it finances are also financed by multilateral institutions, commercial banks or other interested sources, except as determined by the Board of Directors; and
(ii) in its equity investments, the Bank shall not seek to obtain a controlling interest in the enterprise concerned and shall not exercise such control or assume direct responsibility for managing any enterprise in which it has an investment, except in the event of actual or threatened default on any of its investments, actual or threatened insolvency of the enterprise in which such investment shall have been made, or other situations which, in the opinion of the Bank, threaten to jeopardize any such investment.
b). To mobilize other private or official capital flows:
(i) the Bank shall assure that projects which it finances are also financed by multilateral institutions, commercial banks or other interested sources, except as determined by the Board of Directors; and
(ii) in its equity investments, the Bank shall not seek to obtain a controlling interest in the enterprise concerned and shall not exercise such control or assume direct responsibility for managing any enterprise in which it has an investment, except in the event of actual or threatened default on any of its investments, actual or threatened insolvency of the enterprise in which such investment shall have been made, or other situations which, in the opinion of the Bank, threaten to jeopardize any such investment.
- Citeren als
- Art. 12
- Status
- Geldend recht
- Identificatie
- BWBV0004742
- Officiële bron
- wetten.overheid.nl