KEXIM Direct Facility definition
KEXIM Direct Facility means the Dollar term loan facility made available to the Borrower pursuant to Section 2.01 (KEXIM Direct Facility Loans) of the KEXIM Direct Facility Agreement.
KEXIM Direct Facility means the Kexim Direct Facility of up to USD 175,000,000 made available under this Agreement as described in clause 2.1 (Facility).
Examples of KEXIM Direct Facility in a sentence
Any voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of the Loan) made under the Kexim Direct Facility and any prepayment following a voluntary sale or disposal of the Drillship pursuant to Clause 7.5 (Mandatory prepayment on sale or Total Loss) under the Kexim Direct Facility shall be paid to the Facility Agent (for the account of Kexim) together with a fee for the account of Kexim in an amount equal to 50 basis points of the amount prepaid.