Common use of Operational Principles Clause in Contracts

Operational Principles. The operations of the Corporation shall be conducted in accordance with the following principles: (i) the Corporation shall not undertake any financing for which in its opinion sufficient private capital could be obtained on reasonable terms; (ii) the Corporation shall not finance an enterprise in the territories of any member if the member objects to such financing; (iii) the Corporation shall impose no conditions that the proceeds of any financing by it shall be spent in the territories of any particular country; (iv) the Corporation shall not assume responsibility for managing any enterprise in which it has invested and shall not exercise voting rights for such purpose or for any other purpose which, in its opinion, properly is within the scope of managerial control4; (v) the Corporation shall undertake its financing on terms and conditions which it considers appropriate, taking into account the requirements of the enterprise, the risks being undertaken by the Corporation and the terms and conditions normally obtained by private investors for similar financing;

Operational Principles. The operations of the Corporation shall be conducted in accordance with the following principles: (i) the Corporation shall not undertake any financing for which in its opinion sufficient private capital could be obtained on reasonable terms; (ii) the Corporation shall not finance an enterprise in the territories of any member if the member objects to such financing; (iii) the Corporation shall impose no conditions that the proceeds of any financing by it shall be spent in the territories of any particular country; (iv) the Corporation shall not assume responsibility for managing any enterprise in which it has invested and shall not exercise voting rights for such purpose or for any other purpose which, in its opinion, properly is within the scope of managerial control4; (v) the Corporation shall undertake its financing on terms and conditions which it considers appropriate, taking into account the requirements of the enterprise, the risks being undertaken by the Corporation and the terms and conditions normally obtained by private investors for similar financing; (vi) the Corporation shall seek to revolve its funds by selling its investments to private investors whenever it can appropriately do so on satisfactory terms; (vii) the Corporation shall seek to maintain a reasonable diversification in its investments.