Examples of EIB Loan in a sentence
The company signed with the EIB Loan Agreement no.89417RO on 17.12.2018 for the financing of the project `Development on the Romanian territory of the Southern Transmission Corridor for taking over Black Sea gas` (Black Sea - Podişor) for the amount of EUR 50 million, maturity of 15 years, grace period of 3 years at principal repayment.
Having repaid the various instalments, the outstanding amount of the loan was Euro 67 million at 30 June 2017.The fair value of the EIB Loan at 30 June 2017 approximates the related carrying amount.
The Borrower also undertakes to ensure that the EIB Loan Account shall at all times be insolvency remote and that no other creditor of the Borrower shall have any access to or rights to receive monies from such account.
Borrower agrees that the proceeds of the Term Loan Advance shall be used solely to (a) refinance existing indebtedness pursuant to the EIB Loan Facility and the Eastward Facility, (b) to pay related fees and expenses in connection with this Agreement, and (c) for working capital and general corporate purposes, including the repurchase of warrants issued to European Investment Bank by Borrower as existing on the Closing Date.
Therefore, the PF4EE instrument provides: • a portfolio-based credit risk protection by LIFE Programme, provided by means of cash- collateral (Risk Sharing Facility);• a long-term financing from the EIB (EIB Loan for Energy Efficiency);• consulting services for the Financial Intermediaries (Expert Support Facility).