Article 1-1. The basic concepts used in this Law of the Law on the Development Bank of Kazakhstan

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The following basic concepts are used in this Law:

1) interbank lending – granting loans to second-tier banks and non-resident banks of the Republic of Kazakhstan;

2) project – investment project, export operation, leasing operation;

3) investment project – a project providing for investments aimed at the creation of new, expansion and renovation of existing production facilities, including the acquisition of assets, blocks of shares (shares in the authorized capital), property complexes;

4) credit instrument – the methods of financing by the Borrower's Development Bank, defined in the Memorandum;

5) restructuring – a set of measures aimed at restoring the economic performance of an investment project implemented by a borrower who has violated obligations to the Development Bank and (or) third parties, which may include writing off remuneration, fines and penalties and (or) financing or refinancing the borrower's working capital, and (or) transferring the rights of the Development Bank's claims to the borrower, and (or) the entry of the Development Bank into the authorized capital of the borrower, and (or) the provision of a subsidized loan to the borrower, and (or) other measures, contributing to the recovery of economic indicators of the investment project;

6) borrower – a legal entity that has received a loan from the Development Bank;

7) mezzanine financing – provision of a subordinated loan with the right to convert it into shares or a share in the borrower's capital;

8) Memorandum – A Memorandum on the credit policy of the Development Bank, approved by the national management holding specified in Article 1 of this Law.;

9) syndicated loan is a loan operation carried out by the Development Bank jointly with other syndicate participants on the basis of a single bank loan agreement, in which one of the syndicate participants may be entrusted with representing the interests of the syndicate participants under the bank loan agreement, as well as credit administration of the loan.;

10) subsidized loan – a loan, the cost of financing of which is set below the cost of borrowing set by the Development Bank for calculating interest rates on credit instruments. The parameters for subsidized loans are set by the Memorandum;

11) export operations – export of products, works and services produced and manufactured in the territory of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated April 25, 2001 No. 178.

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Republic of Kazakhstan

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