OPIC Sample Clauses
The OPIC clause refers to provisions related to the Overseas Private Investment Corporation, a U.S. government agency that supports American businesses investing in emerging markets. This clause typically outlines the rights and obligations of parties when OPIC is involved, such as requirements for compliance with OPIC regulations or procedures for obtaining OPIC insurance or financing. Its core practical function is to ensure that the agreement aligns with OPIC's standards and requirements, thereby facilitating access to OPIC support and mitigating investment risks in foreign markets.
OPIC. There are several OPIC funds that are eligible to invest in Georgia, among other countries. However, the sizes and types of investments that these funds generally pursue differ from, and are larger than, those that the GRDF is expected to pursue. Moreover, OPIC guarantees debt issued by these funds, while MCC Funding would be used as the source of equity capital for the GRDF.
OPIC. If OPiC shall from time to time direct that any payments due under this Agreement be made directly to OPIC, such payments shall be made when due in accordance with the following wire instructions (via a United States domestic bank): U.S. Treasury Department ABA No. ▇▇▇▇-▇▇▇▇-▇ TREASNYC/CTR/BNF=AC71000001 OBI=OPIC Loan No. 118-94-130-IG
OPIC. (a) The Parties hereby agree to the creation of an Operational and Process Improvement Committee (the “OPIC”). The OPIC shall be composed of the Temporary Officers, ▇▇▇▇▇▇ Cooper’s President and Chief Executive Officer, and three or more other officers of ▇▇▇▇▇▇ ▇▇▇▇▇▇ selected by ▇▇▇▇▇▇ ▇▇▇▇▇▇, such that at all times the number of Seconded Employees on the OPIC is one less than the number of officers of ▇▇▇▇▇▇ ▇▇▇▇▇▇ (including the President and Chief Executive Officer of ▇▇▇▇▇▇ ▇▇▇▇▇▇) serving on the OPIC. The OPIC shall meet at least once per calendar quarter, shall report to ▇▇▇▇▇▇ Cooper’s Board of Directors and shall be primarily tasked with pursuing joint opportunities with Dominion Energy and other joint measures with Dominion Energy that may result in cost savings or other efficiencies for ▇▇▇▇▇▇ ▇▇▇▇▇▇ or the State of South Carolina, including, without limitation, those items set forth on Schedule IV. In evaluating any such joint opportunities or measures, the OPIC shall take into account the potential impact of such opportunities or measures on Central, Santee Cooper’s other customers, and ▇▇▇▇▇▇ Cooper’s other public stakeholders.
(b) At each meeting, the OPIC shall vote on any such joint opportunities or joint measures, and any such joint opportunities or joint measures that are approved by a majority of the members of the OPIC shall be submitted to ▇▇▇▇▇▇ Cooper’s Board of Directors for approval. Each member of the OPIC shall have one vote; provided, if the OPIC is voting on an agreement to which Dominion Energy or one or more of its Affiliates is a party, the votes of the Temporary Officers will be disregarded for that vote. If approved by ▇▇▇▇▇▇ Cooper’s Board of Directors, ▇▇▇▇▇▇ ▇▇▇▇▇▇ shall pursue any such joint opportunities or measures, and in the event that ▇▇▇▇▇▇ ▇▇▇▇▇▇ and an Affiliate of Dominion Energy enter into a contract in respect thereof, Dominion Energy shall cause such contract to be entered into by a creditworthy Affiliate or guaranty the performance of the obligations thereunder. At the reasonable request of Dominion Energy, a representative of Dominion Energy shall be entitled to attend meetings of the OPIC from time to time, but for the avoidance of doubt, shall not be entitled to any vote. For the avoidance of doubt, no action of the OPIC shall obligate Dominion Energy to enter into any contract or other arrangement with ▇▇▇▇▇▇ ▇▇▇▇▇▇.
(c) At each meeting, the OPIC shall also review the performance of any previously- i...
OPIC. The President should initiate negotia- tions with the Government of East Timor to enter into a new agreement authorizing the Overseas Private In- vestment Corporation to carry out programs with re- spect to East Timor in order to expand United States investment in East Timor, emphasizing partnerships with local East Timorese enterprises.
OPIC. An event covered by the Political Risk Policy occurs which gives the Borrower the right to compensation from OPIC pursuant to the terms of the Political Risk Policy assuming due submission of an application for compensation to OPIC.