Sinosure Facility definition

Sinosure Facility has the meaning given to it in Part B of Schedule 1 (The Parties).
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Sinosure Facility means the Sinosure Facility Agreement dated on our about the date of this agreement made between (a) the Borrower; (b) HSBC France as arranger; (c) HSBC France as facility agent and (d) the Sinosure Lenders, in which the Sinosure Lenders have agreed to make available to the Borrower a loan facility in the amount of US$44,200,000.
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Sinosure Facility means one or more term loan facilities comprising an aggregate of up to a principal amount of $385,227,495 to be provided to certain Subsidiaries of the Parent Guarantor for the acquisition by such Subsidiaries of six (6) 320,000 dwt very large crude oil carriers with hull numbers H1355, H1384, H1385, H1356, H1357 and H1358.”;
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Examples of Sinosure Facility in a sentence

  • Subject to Clause 15.2 (Retention of security), if the Security Agent is satisfied that all the Liabilities have been irrevocably paid in full and that the COFACE Facility Agreement and the Sinosure Facility Agreement have terminated, the Security Agent shall at the request and cost of the Assignor release, reassign or discharge (as appropriate) the Assigned Contracts from the Charges.

  • Proceeds shall be applied towards the repayment of this Facility and the Sinosure Facility on a pro-rata basis.

  • The Assignor makes the representations and warranties set out in Clause 18 (Representations) of the COFACE Facility Agreement and the Sinosure Facility Agreement to the Security Agent on the date of this Deed.

  • Gener8 Maritime Sinosure Facility Mortgagee Interest Insurance (from December 29, 2016 to December 28, 2017, renewed through December 28, 2018) (insurers: BankServe Insurance Services Ltd.

  • It is a condition precedent to the effectiveness of this Waiver Request that the Facility Agent receives confirmation from the Borrower that the required parties under the Sinosure Facility and the Re-Financing Facility Credit Agreement have also provided their consent to a waiver similar to that described in Clause 1 hereof under each such facility.

  • Term Loan The Sinosure Facility $269,705,313 Bond The 8.5% Senior Notes – Senior unsecured notes due 2023 issued by Holdings under an indenture dated as of May 31, 2018 (the “Base Indenture”), between Holdings and The Bank of New York Mellon, as trustee (the “Trustee”), as supplemented by a supplemental indenture dated as of May 31, 2018 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between Holdings and the Trustee.

  • The Borrower shall apply all amounts borrowed by it under this Facility towards the financing of the construction and launch of the Satellite and the payment of the premium to Sinosure in connection with the Sinosure Facility.