COST CONDITIONS OF THE CREDIT FACILITY Sample Clauses

COST CONDITIONS OF THE CREDIT FACILITY. 6.7.1. Starting from the date following the date of the first Credit Tranche issue and till the final repayment date for the Credit Facility debt (inclusive), the Borrower shall unconditionally and irrevocably pay to the Lender the interests under the Credit Facility accrued on the amount of actual debt under the Principal Debt for the Credit Facility for each calendar day at the rate equal to: 6.7.1.1. before the Effective Date – 7.5 (Seven point five) interest p.a.; 6.7.1.2. from the Effective Date - key rate of the Bank of Russia plus 3.5 (Three point five) percent per annum. The key rate is established by the Board of Directors of the Bank of Russia and is published on the web-site of the Bank of Russia and in open sources. Interest rate for the Credit Facility changes from the date of key rate change by the Bank of Russia. 6.7.2. Interest on Credit use shall be paid within the terms taking into account the Interest periods: 6.7.2.1. From the date of the first Credit Tranche provision and till July 25, 2014 (inclusive): 6.7.2.1.1. The first interest period - from the date of the first Credit Tranche provision (excluding this date) till the last calendar day of the Credit use first month (inclusive). Interest payment date - last Business day of the first month of the Credit use. 6.7.2.1.2. The second Interest Period - from the first till the 25th (Twenty fifth) day of the second month of the Credit use (inclusive). Interest payment date - 25 (Twenty fifth) day of the second month of the Credit use. 6.7.2.1.3. Subsequent Interest periods - period from the 26th (Twenty sixth) day of the month preceding the current one till the 25th (Twenty fifth) day of the current month (inclusive). Interest payment date - monthly, the 25th (Twenty fifth) day of each calendar month. 6.7.2.2. From July 26, 2014 and till the Effective Date (not including such Date): 6.7.2.2.1. Interest accrued from July 26, 2014 and before the Effective Date (not including such date) is paid by the Borrower in equal shares of the amount of such accrued interests every month on the 4th day of each month of each Credit use month, starting from the month on which the Effective Date falls and if the Effective Date falls on the days after the 4th day, from the 4th day of the next month and until December 31, 2015 (inclusive). Interest accrued from July 26, 2014 and before the Effective Date (not including such date) is paid separately from payment of interest accrued after the Effective Date an...
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Related to COST CONDITIONS OF THE CREDIT FACILITY

  • Additional Conditions to Obligations of the Company The obligations of the Company to effect the Merger are subject to the satisfaction of, or waiver by the Company, on or prior to the Closing Date of the following additional conditions:

  • Conditions to Obligations of the Parties The obligation of the Parties to effect the transfer of the DLC Nuclear Assets in respect of each Plant and the other transactions contemplated by this Agreement shall be subject to the fulfillment or waiver by each of Specified FE Subsidiaries and DLC at or prior to the DLC Nuclear Closing Date, of the following conditions in respect of each Plant: (a) The waiting period under the HSR Act applicable to the consummation of the transfer of the DLC Nuclear Assets contemplated hereby shall have expired or been terminated; (b) No preliminary or permanent injunction or other order or decree by any Governmental Authority which prevents the consummation of the transfer of the applicable DLC Nuclear Assets contemplated herein shall have been issued and remain in effect (each Party agreeing to use its reasonable best efforts to have any such injunction, order or decree lifted) and no statute, rule or regulation shall have been enacted by any state or federal government or Governmental Authority prohibiting the consummation of the transfer of the DLC Nuclear Assets; (c) In respect of the DLC Nuclear Closing in respect of Beaver Valley, DLC shall have terminated the Beaver Valley Facilities Leases and assumed the Beaver Valley Unit 2 Indentures Notes issued pursuant to the Beaver Valley Unit 2 Lease Indentures; (d) The Applicable NRC Approval(s) shall have been obtained in respect of the transfer of such Plant; (e) The CAPCO Settlement Agreement shall have been executed by DLC, the FE Subsidiaries and TEC; (f) The Support Agreement shall have been executed by FE and DLC; (g) All consents or approvals, filings with, or notices to any Governmental Authority that are necessary for the consummation of the transactions contemplated by each of the CAPCO Settlement Agreement and the Electric Facilities Agreement shall have been obtained or made, other than such consents, approvals, filings or notices which are not required in the ordinary course to be obtained or made prior to the consummation of the transactions thereunder or which, if not obtained or made, will not prevent the parties thereto from performing their material obligations thereunder; and (h) There shall be no court order requiring DQE to consummate the transactions contemplated under the Agreement and Plan of Merger between DQE and Allegheny Energy, Inc.

  • Additional Conditions to the Obligations of the Company The obligation of the Company to consummate and effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of each of the following conditions, any of which may be waived, in writing, exclusively by the Company:

  • Conditions Precedent to Obligations of the Company The obligations of the Company to effect the Merger and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of the following conditions:

  • Conditions of the Obligations of the Placement Agent The obligations of the Placement Agent hereunder shall be subject to the accuracy of the representations and warranties on the part of the Company set forth in Section 2 hereof, in each case as of the date hereof and as of each Closing Date as though then made, to the timely performance by each of the Company of its covenants and other obligations hereunder on and as of such dates, and to each of the following additional conditions:

  • Conditions to Obligations of the Company The obligation of the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions:

  • CONDITIONS OF THE OBLIGATIONS OF THE COMPANY The obligations of the Company to sell and deliver the portion of the Shares required to be delivered as and when specified in this Agreement are subject to the conditions that at the Closing Date or the Option Closing Date, as the case may be, no stop order suspending the effectiveness of the Registration Statement shall have been issued and in effect or proceedings therefor initiated or threatened.

  • Conditions to Obligations of the Buyer The obligations of the Buyer under this Agreement are subject to the fulfillment, at the Closing Date, of the following conditions precedent, each of which may be waived in writing in the sole discretion of the Buyer:

  • Conditions to the Obligations of the Company The obligations of the Company to consummate the Merger are subject to the satisfaction or waiver (where permissible) of the following additional conditions:

  • Conditions Precedent to Loans and Letters of Credit 32 Section 3.1 Conditions To Effectiveness.................................................32 Section 3.2 Each Credit Event...........................................................33 Section 3.3 Delivery of Documents.......................................................34

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