Examples of EBRD Loan Agreement in a sentence
This Agreement has been duly executed by the Company and this Agreement constitutes, and the other Financing Agreements and Project Agreements to which the Company is a party when executed and delivered (in the case of the Notes and the promissory notes issued under the EBRD Loan Agreement, for value) will constitute, valid and legally binding obligations of the Company, enforceable in accordance with their respective terms.
The Company shall concurrently prepay the EBRD Tranche 1 Loan in accordance with the EBRD Loan Agreement in an amount equal to EBRD's Proportionate Share, provided that the Company shall not be required to prepay the Tranche 1 Loan ((pursuant to this Subsection 3.06(a)) and the EBRD Tranche 1 Loan ((pursuant to Section 3.07C0) of the EBRD Loan Agreement)) in an aggregate amount exceeding $9,000,000 during any 12-month period.
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.
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.
All Disbursements under this Agreement and all disbursements under the EBRD Loan Agreement shall be deposited into the Disbursement Subaccount.
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.
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.
Amounts may be withdrawn by the Company from the Cash Collateral Subaccount only for the purpose of paying principal and interest under this Agreement and the EBRD Loan Agreement or to transfer any amount in excess of the minimum balance set forth above to the Revenue Subaccount to the extent (and only to the extent) required by the authorization issued by the Central Bank of Russia for the establishment and operation of the Offshore Bank Account.
The Company shall have failed to pay when due any principal of, or interest on, the Loan as required by this Agreement or the EBRD Loan as required by the EBRD Loan Agreement.
If NIB delivers such notice to the Borrower, the prepayment charge payable pursuant to Section 3.10(b) in respect of such prepayment shall be payable at the rate identified in Section 3.10(b)(ii) of the EBRD Loan Agreement.