OFID Loan definition

OFID Loan has the meaning given thereto in Recital (B) of this Loan Agreement;
Sample 1
OFID Loan means the loan in the amount of $11,000,000 to be provided by OFID and administered by ADB;
Sample 1
OFID Loan means the loan in the amount of $9,000,000 to be provided by OFID under the terms and conditions described in paragraph 21 of Schedule 5 to this Loan Agreement;
Sample 1

Examples of OFID Loan in a sentence

  • SIRP has just finalised the opening of a designated account for the OFID Loan and, during this mission, has received the first advance of USD 0,5 million.

  • For the avoidance of doubt, (a) OFID shall not be deemed to have waived compliance with any provision of, or covenants under, the OFID Loan Agreement or any other Transaction Document, including with respect to the Current Events of Default and (b) the foregoing reservation of rights does not negate the Forbearance during the term of the Forbearance Period as specifically provided in this Agreement.

  • The Borrowers and OFID agree and acknowledge that this Agreement shall constitute a Transaction Document for purposes of the OFID Loan Agreement and each other Transaction Document.

  • The provisions of this Agreement are not intended to be, nor shall they be construed or deemed to be, a cure, satisfaction, reinstatement, novation, or release of any of the obligations of any Borrower or any other Obligor under the OFID Loan Agreement or any other Transaction Document, or of any prior, existing, or future default or acceleration right thereunder, including with respect to the Current Events of Default.

  • Foreign Relent Loans received by NJHPC consist of Islamic Development Bank Loans IDB Istisna I &II of US$ 311 Million, China Exim Bank Loan I and II of US$ 815 Million, Kuwait Fund for Arabic Economic Development KFD loan I and ll of US$ 74 Million, Saudi Fund for Development SFD Loan I and II of US$ 156 Million and OPEC Fund for International Development OFID Loan I and II of US$ 76 Million.

  • Notwithstanding any other provision of this Loan Agreement, no withdrawals shall be made from the Loan Account for Category 1 expenditures until the OFID Loan Agreement shall have been duly executed and delivered and all conditions precedent to its effectiveness, other than a condition requiring the effectiveness of this Loan Agreement, shall have been fulfilled.

  • The provisions of this Agreement are not intended to be, nor shall they be construed or deemed to be, a cure, satisfaction, reinstatement, novation, or release of any of the obligations of any Obligor under the OFID Loan Agreement or any other Transaction Document, or of any prior, existing, or future default or acceleration right thereunder, including with respect to the Current Events of Default.

  • In 2018, new financing was provided from the OPEC Fund for International Development (OFID) for US$6.0 million; a loan agreement was signed between the Government of Guinea-Bissau and OFID on 27 August 2018 (OFID Loan 13316P).

  • The Borrower and OFID agree and acknowledge that this Agreement shall constitute a Transaction Document for purposes of the OFID Loan Agreement and each other Transaction Document.

  • The following is specified as an additional event for suspension of the right of the Borrower to make withdrawals from the Loan Account for the purposes of Section 8.01(m) of the Loan Regulations: the OFID Loan shall have become liable for suspension or cancellation or shall have become repayable prior to its agreed maturity date.


More Definitions of OFID Loan

OFID Loan means the loan referred to in Recital D of this Loan Agreement;
Sample 1
OFID Loan means the loan from OFID to Nepal in the amount of $15,000,000 to co-finance the Project;
Sample 1

Related to OFID Loan

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Committed Loan has the meaning specified in Section 2.01.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Offshore Rate Loan means a Loan that bears interest based on the Offshore Rate.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.