Local Loan definition

Local Loan and “Local Loans” shall have the meanings assigned to such terms in Section 6.1; provided, however, that the term “Local Loans” shall, to the extent utilized directly or indirectly in the Security Documents, be deemed to include any Acceptances outstanding under this Agreement.

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Local Loan means any loan raised by the Government from within Tanzania; "Minister" means the Minister responsible for finance;

Local Loan means any loan raised by the Government from outside Tanzania;

Examples of Local Loan in a sentence

Promptly following the making of each such Local Loan, such Local Fronting Lender shall provide notice to the Administrative Agent of the amount thereof.
Any change in the interest rate on a Local Loan which is an Alternate Base Rate Loan resulting from a change in the Alternate Base Rate shall become effective as of the opening of business in the jurisdiction of the local lending office of the relevant Local Fronting Lender on the day on which such change shall become effective.
Notwithstanding anything to the contrary contained in this Section 6.3, no Local Fronting Lender shall be obligated hereunder to advance any Local Loan by way of an overdraft, but rather shall provide overdrafts only if it elects (in its sole discretion) to do so.
Interest on each Local Loan shall be payable to the relevant Local Fronting Lender in the Denomination Currency applicable to it (or, with respect to Local Loans which are denominated in Dollars, in Dollars).
Interest on each Local Loan shall be payable in arrears to the relevant Local Fronting Lender in the applicable Permitted Foreign Currency (or, with respect to Local Loans which are denominated in Dollars, in Dollars).
In respect of any Disbursement to a particular Onshore Borrower, all of the conditions of disbursement described in the relevant Local Loan Agreement for that Onshore Borrower shall have been satisfied.
Each Local Loan Agreement shall continue in force until all monies payable under it have been fully paid in accordance with its provisions.
It is the intention of the parties that the transactions contemplated hereby be documented under separate Local Loan Agreements, and related Transaction Documents, for each Onshore Borrower as soon as such Onshore Borrower is formed and validly existing.
No Local Loan Party or any of its Subsidiaries has any Indebtedness other than Permitted Indebtedness.
Promptly following receipt thereof, such Local Fronting Lender will deliver to each Multi-Currency Lender (through the Administrative Agent) a Local Loan Participation Certificate dated the date of receipt of such funds and in such amount.

More Definitions of Local Loan

Local Loan and “Local Loans”: as defined in Section 2.4(b); provided, however, that the term “Local Loans” shall, to the extent utilized directly or indirectly in the Security Documents, be deemed to include any Acceptances outstanding under this Agreement. On and after the Amendment No. 8 Effective Date, there are no Local Loans outstanding.

Local Loan means any loan contracted by the Government from resident sources.”

Local Loan shall have the meaning from time to time assigned to such term in the Existing Credit Agreement;

Local Loan. ' means any loan raised by the Government from within Tanganyika;

Local Loan means any loan contracted by

Local Loan means a Loan made pursuant to Section 2.03.