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."
Sample 1Sample 2
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.
Sample 1Sample 2
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;
Sample 1

Examples of OPIC Loan in a sentence

  • 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.

  • 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.

  • 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.

  • 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.

  • The Borrower may make voluntary prepayments of the OPIC Loan, and shall make mandatory prepayments of the OPIC Loan, subject to the payment of the applicable Redemption Premiums and otherwise on the terms and conditions set forth in the OPIC Finance Agreement and the OPIC Funding Agreement.

  • A third Tranche of the OPIC Loan in an amount of up to $45 million could be borrowed in the event that Ormat elects to construct an additional phase of up to 16 MW, subject to the requirements of the OPIC Loan documents.

  • The Company's Charter Documents (i) provide that Indebtedness of the Company (other than the OPIC Loan, the Subordinated Loan and an amount not to exceed $150,000) shall require approval by a two-thirds majority vote of the Company's Board of Directors and (ii) prohibit Indebtedness of the Company other than Indebtedness permitted by this Agreement and Liens on the Company's assets other than Liens permitted by this Agreement.

  • 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 remaining amount of up to $45 million of Tranche II of the OPIC Loan is expected to be drawn over time prior to the commercial operation date of the Olkaria III expansion which is expected mid-2013, subject to customary conditions precedent.


More Definitions of OPIC Loan

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.
Sample 1

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 Loan bearing interest at a rate determined by reference to the Alternate Base Rate 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 (i) any covered loan under paragraph (36) of Section 7(a) of the Small Business Act (15 U.S.C. 636(a)), as added by Section 1102 of the CARES Act, or (ii) any loan that is an extension or expansion of, or is similar to, any covered loan described in clause (i).

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

  • 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 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 clause (a) of the definition of “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.