OPIC Loan definition

OPIC Loan means the loan made by Overseas Private Investment Corporation to Closed Joint-Stock Company "Forest-Starma" under the Finance Agreement dated as of December 21, 1995 by and between Closed Joint-Stock Company "Forest-Starma", a Russian joint stock company and indirect wholly owned subsidiary of Parent, and Overseas Private Investment Corporation, and guaranteed by Parent pursuant to the Project Completion Agreement dated as of December 21, 1995 by and among Overseas Private Investment Corporation, Parent, Closed Joint-Stock Company "Forest-Starma" and International Joint-Stock Company "Starma-Holding."
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OPIC Loan means, collectively, the OPIC Tranche 1 Loan and the OPIC Tranche 2 Loan or, as the context may require, the aggregate of the principal amounts thereof from time to time outstanding.
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OPIC Loan means the loans made pursuant to the Loan Agreement between E.P. InterOil, Ltd. and Overseas Private Investment Corporation dated June 12, 2001, as amended and as the same may from time be further amended and restated, and all renewals, extensions or refundings, but not increases in the principal amount, thereof.
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Examples of OPIC Loan in a sentence

  • A default shall have occcured with respect to any Indebtedness of Cyprus Amax in excess of $20,000,000 (or the equivalent thereof in other currencies) or any Indebtedness of the Company (other than the Loan or the OPIC Loan) or Cyprus Magadan or under any agreement pursuant to which there is outstanding any such Indebtedness, and such default shall have continued beyond any applicable period of grace; or an event of default shall have occurred under the OPIC Finance Agreement.

  • The Company shall have failed to pay when due any principal of, or interest on, the Loan as required by this Agreement or the OPIC Loan as required by the OPIC Finance Agreement.

  • Notwithstanding anything provided in the Agreement, the obligation of the Bank to make any Disbursement shall also be subject to the condition that the total amount of the Loan disbursed by the Bank shall not at any time exceed by more than $5,000,000 the amount of the OPIC Loan theretofore or contemporaneously disbursed by OPIC under the OPIC Finance Agreement.

  • A default shall have occurred with respect to any Indebtedness of Cyprus Amax in excess of $20,000,000 (or the equivalent thereof in other currencies) or any Indebtedness of the Company (other than the Loan or the OPIC Loan) or Cyprus Magadan or under any agreement pursuant to which there is outstanding any such Indebtedness, and such default shall have continued beyond any applicable period of grace; or an event of default shall have occurred under the EBRD Loan Agreement.

  • As part of the due diligence for the OPIC Loan, OPIC requested certified financial statements from Bucheit for the period January 1, 1995 through September 30, 1995.

  • The Purchaser Price shall be payable in cash at the Closing, except that the sum of (a) the Venetel Option Price and (b) all outstanding principal and interest under the OPIC Loan that is not repaid by the Companies as of the Closing shall be deducted from the amount payable to the Shareholders on a dollar-for-dollar basis.

  • The OPIC Loan outstanding balance must be covered by theoutstanding principal balance of the Mortgage Loans at a ratio to be determined.

  • As discussed in Note 20, OPIC foreclosed on the OPIC Loan in 1998, sold the building owned by the Trust, recovered the full amount of the OPIC Loan, and subsequently assigned the promissory note evidencing the OPIC Loan to the Trust.

  • A Program Administrator selected by OPIC will conduct areview of the Company’s mortgage lending operations and will select and audit a sampling of Company’s loan files for compliance with OPIC requirements semi­annually during the first three years and once every year thereafter until the OPIC Loan is repaid.

  • Referencing the section of the Embassy Report entitled, “Disputes with the Palestinian Authority”, the Investor stated: “Bucheit’s equipment – (Collateral for the O.P.I.C. Loan) has been taken without [Bucheit’s] knowledge or approval and against their will and [is] reportedly being used on a Palestinian Authority project.


More Definitions of OPIC Loan

OPIC Loan the loan, in the principal amount of ten million Dollars ($10,000,000) to be made by OPIC to one or more of the Co-Borrowers, evidenced by the OPIC Loan Agreement or, as the context requires, its principal amount from time to time outstanding;
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Related to OPIC Loan

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

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

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

  • 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.

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

  • 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.

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

  • 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.

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

  • Revolving Advance has the meaning given in Section 2.1.

  • 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.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

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

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

  • Committed Loan has the meaning specified in Section 2.01.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • 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”.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

  • 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.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • 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.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.