SACE Premium definition

SACE Premium means the amount payable by the Borrower to SACE through the Agent in two instalments in respect of the SACE Insurance Policy as set out in Clause 9;
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SACE Premium shall have the meaning set forth in the SACE Reimbursement Agreement.
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SACE Premium means the insurance premium payable in Euros to SACE under the SACE Policy in respect of the cover provided by SACE under the SACE Policy.
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Examples of SACE Premium in a sentence

  • By the Original Facility Agreement, the Lenders agreed to make available to the Borrower a facility of (originally) the Dollar Equivalent of up to EUR 349,520,718.00 for the purpose of assisting the Borrower in financing, subject to exchange rate fluctuations, up to 80% of the Final Contract Price and 100% of the instalment of the relevant SACE Premium which was paid on the Drawdown Date.

  • By the Original Facility Agreement, the Lenders agreed to make available to the Borrower a facility of (originally) the Dollar Equivalent of up to EUR 349,520,718 for the purpose of assisting the Borrower in financing (a) payment or reimbursement under the Shipbuilding Contract of all or part of 80% of the Final Contract Price up to the Eligible Amount and (b) payment to SACE of the Dollar Equivalent of 100% of the second instalment of the SACE Premium payable on the original Drawdown Date.

  • By the Original Facility Agreement, the Lenders agreed to make available to the Borrower a facility of (originally) the Dollar Equivalent of up to EUR 360,222,680.41 (not to exceed USD 498,187,967.01) for the purpose of assisting the Borrower in financing (i) payment or reimbursement under the Shipbuilding Contract of all or part of 80% of the Final Contract Price up to the Eligible Amount and (ii) payment to SACE of 100% of the SACE Premium.

  • In no event shall the SACE Agent be liable for any refund of the SACE Premium to be made by SACE.

  • The Lenders shall not be obliged to fulfil their obligation to make the Loan available other than by paying the Builder all or part of 80% of the Final Contract Price up to the Eligible Amount on behalf of and in the name of the Borrower and by reimbursing the Agent for the instalment of the SACE Premium payable on the Delivery Date.

  • Under the terms of the SACE Insurance Policy, a fixed amount of [*]% shall be withheld from the amount of the SACE Premium to be refunded.

  • A of Annex 1 (Table of Eligible Costs and SACE Premium) (the 'Purpose').

  • The Borrower shall: pay to SACE, also through the Agent, the SACE Premium in accordance with the terms and conditions indicated under par.

  • B of Annex 1 (Table of Eligible Costs and SACE Premium); if the Running SACE Premium under par.

  • B of Annex 1, in the event of enforcement of the Cover Document, pay immediately and in full in a single installment, (i) the amounts of the Running SACE Premium accrued and unpaid to the Lender as of the date of enforcement of the Cover Document; and (ii) the amounts of the Running SACE Premium originally due by the Borrower from the date of enforcement to the final repayment date of the Facility Agreement.