Eksportfinans Loans definition

Eksportfinans Loans means any Eksportfinans GIEK Facility Loan and Eksportfinans Commercial Facility Loan.
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Eksportfinans Loans. We have outstanding borrowings under the Loan Agreement dated September 12, 2008 (“Eksportfinans Loan A”) and outstanding borrowings under the Loan Agreement dated November 18, 2008 (“Eksportfinans Loan B,” and together with Eksportfinans Loan A, the “Eksportfinans Loans”), between one of our subsidiaries and Eksportfinans ASA, which were established to finance the construction and delivery of the harsh environment ultra-deepwater semisubmersibles Transocean Spitsbergen and Transocean Barents. Eksportfinans Loan A and Eksportfinans Loan B bear interest at a fixed rate of 4.15 percent and require semi-annual installments of principal and interest through September 2017 and January 2018, respectively. At February 16, 2016, aggregate borrowings of approximately $196 million were outstanding under Eksportfinans Loan A and Eksportfinans Loan B.
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Examples of Eksportfinans Loans in a sentence

  • The Aker Restricted Cash Investments bear interest at a fixed rate of 4.15 percent with semi-annual installments that correspond with those of the Eksportfinans Loans.

  • The Eksportfinans Loans bear interest at a fixed rate of 4.15 percent and require semi-annual installments of principal and interest through September 2017 and January 2018 for Eksportfinans Loan A and Eksportfinans Loan B, respectively.

  • At December 31, 2012, $381 million and $420 million principal amount were outstanding under Eksportfinans Loan A and Eksportfinans Loan B, respectively.The Eksportfinans Loans require cash collateral to remain on deposit at a financial institution through expiration (the “Aker Restricted Cash Investments”).

Related to Eksportfinans Loans

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Bridge Loans means the “Loans” as defined in the Bridge Credit Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Bank Loans means debt obligations (including, without limitation, term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) which are generally documented under a loan or credit facility or pursuant to any loan agreement, note purchase agreement or other similar financing arrangement facility, whether or not syndicated.

  • Existing Loans has the meaning specified in Section 2.19(a).

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Bank Lenders means the banks and financial institutions party to the Bank Credit Agreement.

  • Special Agent Advances shall have the meaning set forth in Section 12.11 hereof.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • New Term Loans as defined in Section 2.24.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Existing Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Existing Lenders as defined in the recitals hereto.

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Original Lenders shall have the meaning assigned to such term in the recitals.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.