If the Construction Contract is cancelled pursuant to Article 14, paragraph 16.2 thereof, it is acknowledged that the Borrower shall be entitled to a refund of the First Hermes Instalment from Hermes.
Except as expressly set forth in this Sixth Amendment, all terms and conditions of the License Agreement remain in full force and effect.
Repayment Instalment means any instalment of the Loan to be repaid by the Borrower under Clause 5.1 (Repayment of Loan).
Balloon Instalment has the meaning given in Clause 8.1;
Instalment means with respect to each Mortgage Loan Agreement, each instalment due from the relevant Debtor thereunder and which consists of an Interest Instalment and a Principal Instalment.
Instalment Date means each date (if any) specified as such opposite each Instalment Amount in the Issue Memorandum.
Instalment Amount has the meaning given to it in Condition 1.07 (Bearer Covered Bonds);
Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.
Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.
Second Draw Period is the period commencing on the date occurring on or after the Second Amendment Effective Date in which Borrower satisfies the Second Draw Conditions and ending on the earlier of (a) June 20, 2021, and (b) the occurrence of an Event of Default.
Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).
Facility B means the term loan facility made available under this Agreement as described in paragraph (b) of Clause 2.1 (The Facilities).
Issuing Bank Agreement has the meaning assigned to such term in Section 2.05(i).
Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).
Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).
Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.
Market Capitalisation means the market capitalization of the issuer of the relevant share. It is displayed in Bloomberg under the mnemonic “CUR_MKT_CAP * FX” (2) On each Collateral Test Date, the total market value of all shares which are issued by financial companies shall not exceed 35% of the Collateral Reference Amount of the Secured Notes.
Mortgaged Ship means a Ship which is subject to a Mortgage at the relevant time and, in the plural, means all of them;
Facility Letter means the facility letter and the other letters of offer or other letters which may from time to time be issued by the Bank to the Borrower in relation to the Facilities.
Security Agent means the Bond Trustee or any successor Security Agent, acting for and on behalf of the Secured Parties in accordance with any Security Agent Agreement or any other Finance Document.
Exit Facility Agent means the agent under the Exit Facility.
Loan Date means the date of the Loan Agreement as set forth in Exhibit A.
Principal Finance Documents means the Credit Agreement, the Senior Secured Note Indenture, the Intercreditor Arrangements and any Additional Agreement.
Facility Agent has the meaning set forth in the Preamble.
Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;
Term Advance has the meaning specified in Section 2.01(a).
Utilisation means a utilisation of the Facility.
Issuing Bank Fees shall have the meaning assigned to such term in Section 2.12(b).