Examples of Expropriation Proceeds in a sentence
The COFACE Agent shall notify the Lenders as soon as possible of any proposed prepayment of any Loan under Clause 7.3 (Voluntary prepayment) or Clause 8.2 (Insurance, Capital Raising and Expropriation Proceeds).
If the Shareholder exercises that option in accordance with Clause 10.7 (Exercise of Termination Option), then: in accordance with the provisions of this Clause 11 (Early Termination Purchase Price and Procedure), the Project Property shall be valued at "Government Default Purchase Price – Expropriation", which equals to – the Government Default Purchase Price - Non-Expropriation; minus Other Expropriation Proceeds.
Upon the occurrence of a Luannan Event of Loss or a Luannan Expropriation Event for which the Luannan Casualty Proceeds or Luannan Expropriation Proceeds and repayments of the Issuer Loan and the Shareholder Loans exceed the aggregate principal amount of the outstanding Senior Secured Notes, and any applicable interest thereon, the Issuer may, at its option, determine not to rebuild, repair or restore the Luannan Facility.
The amount of the Luannan Casualty Proceeds or Luannan Expropriation Proceeds and repayments of the Issuer Loan and the Shareholder Loans resulting from such Luannan Event of Loss or Luannan Expropriation Event will be applied to the redemption of the Senior Secured Notes.
Amounts shall be deposited into and transferred from the Expropriation Proceeds Account as provided in Section 5.08.