Examples of EBRD Loan in a sentence
The Company shall keep its properties and business insured with financially sound and reputable insurers against loss or damage in accordance with the requirements of Schedule FF to the EBRD Loan Agreement.
The Company shall concurrently prepay the EBRD Loan in full in accordance with the EBRD Loan Agreement.
A default shall have occurred with respect to any Indebtedness of Cyprus Amax in excess of $20,000,000 (or the equivalent thereof in other currencies) or any Indebtedness of the Company (other than the Loan or the OPIC Loan) or Cyprus Magadan or under any agreement pursuant to which there is outstanding any such Indebtedness, and such default shall have continued beyond any applicable period of grace; or an event of default shall have occurred under the EBRD Loan Agreement.
The Company shall establish and maintain one or more bank accounts at such banks located in the Russian Federation as may be proposed by the Company and approved by OPIC (the "Russian Bank Accounts"), which accounts shall be pledged to the Project Lenders as security for all amounts payable by the Company under this Agreement, the EBRD Loan Agreement and the other Financing Agreements.
All Disbursements under this Agreement and all disbursements under the EBRD Loan Agreement shall be deposited into the Disbursement Subaccount.
The Company shall procure that the first amendment to the Amended and Restated Charter of the Company, in form and substance satisfactory to the Bank, shall have been registered with the State Registration Chamber by no later than (1) the date on which the Company and Cyprus Magadan deliver the Final Completion Certificate referred to in Schedule Q to the EBRD Loan Agreement or (2) 15 May 1997, whichever occurs first.
The Company shall, in consultation with OPIC and EBRD and using the Financial Model, prepare a banking case once every six months in accordance with the procedures set forth in Schedule I to the EBRD Loan Agreement.
EBRD shall have confirmed to OPIC its intention to make a disbursement pursuant to the EBRD Loan Agreement on or before the Disbursement Date, and have advised OPIC that all of the conditions precedent to EBRD making such disbursement as required by the EBRD Loan Agreement have been (or are reasonably expected to be) satisfied or waived by the proposed Disbursement Date.
The Company shall establish and maintain a bank account denominated in Dollars at the principal London branch of Citibank, N.A. (the "Offshore Bank Account"), which account shall be pledged to Moscow Narodny Bank Limited, as security trustee for the Project Lenders, as security for all amounts payable by the Company under this Agreement, the EBRD Loan Agreement and the other Financing Agreements.
Any representation or warranty made or confirmed by the Company, Cyprus Amax, Cyprus Gold, any Shareholder or the Contractor in Article II, in any Financing Agreement, in any Project Agreement or in any request for a Disbursement under this Agreement or for a disbursement under the EBRD Loan Agreement shall have been false, incorrect or misleading in respect of a material fact when made or confirmed.