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.
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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
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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...
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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.
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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.
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Related to OPIC

  • The Lender We can choose to assign or transfer any of our rights or obligations under this Agreement without your or the Guarantor’s specific consent, and each of our assignees and transferees has the same rights against you and the Guarantor under the Relevant Documents as if it were named in this Agreement as the Lender.

  • AGENT AND LENDERS KEYBANK NATIONAL ASSOCIATION, individually as a Lender and as Agent By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Title: Vice President BBVA USA, an Alabama banking corporation f/k/a Compass Bank, individually as a Lender and as a Co-Syndication Agent By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇ Title: Senior Vice President CAPITAL ONE, NATIONAL ASSOCIATION, individually as a Lender and as a Co-Syndication Agent By:/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Duly Authorized Signatory SUNTRUST BANK, individually as a Lender and as a Co-Syndication Agent By:/s/ ▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇ Title: Director By:/s/ ▇▇▇▇▇ ▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇ Title: Director FIFTH THIRD BANK, an Ohio Banking Corporation, individually as a Lender and as a Co-Documentation Agent By:/s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Director II ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ BANK, individually as a Lender and as a Co-Documentation Agent By:/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Senior Vice President By:/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ Title: Director By:/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Senior Vice President By:/s/ ▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇ Title: Senior Vice President By:/s/ Szu ▇▇▇ ▇▇▇▇▇ Name: Szu ▇▇▇ ▇▇▇▇▇ Title: VP & General Manager VALLEY NATIONAL BANK, a national banking association By:/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: VP WOODFOREST NATIONAL BANK, a national banking association By:/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Senior Vice President - Corporate Banking By:/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Senior Vice President By:/s/ ▇▇▇▇▇ ▇. ▇▇▇▇ Name: ▇▇▇▇▇ ▇. ▇▇▇▇ Title: Senior Vice President By:/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Executive Vice President By:/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: EVP By:/s/ ▇▇▇▇ ▇▇▇▇▇▇ Name: ▇▇▇▇ ▇▇▇▇▇▇ Title: Vice President By:/s/ ▇▇▇▇▇▇ ▇▇▇▇ Name: ▇▇▇▇▇▇ ▇▇▇▇ Title: Sr. Vice President $______________ _____________, 20__ FOR VALUE RECEIVED, the undersigned (“Maker”), hereby promises to pay to ________________ __________________ (“Payee”), or order, in accordance with the terms of that certain Fourth Amended and Restated Credit Agreement, dated as of August 7, 2019, as from time to time in effect, by and among Maker, KeyBank National Association, for itself and as Agent, and such other Lenders as may be from time to time named therein (the “Credit Agreement”), to the extent not sooner paid, on or before the Revolving Credit Maturity Date, the principal sum of _________________ ($__________), or such amount as may be advanced by the Payee under the Credit Agreement as a Revolving Credit Loan with daily interest from the date thereof, computed as provided in the Credit Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the principal amount which shall at all times be equal to the rate of interest applicable to such portion in accordance with the Credit Agreement, and with interest on overdue principal and, to the extent permitted by Applicable Law, on overdue installments of interest and late charges at the rates provided in the Credit Agreement. Interest shall be payable on the dates specified in the Credit Agreement, except that all accrued interest shall be paid at the stated or accelerated maturity hereof or upon the prepayment in full hereof. Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in the Credit Agreement. Payments hereunder shall be made to the Agent for the Payee at ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇-▇▇▇▇, or at such other address as Agent may designate from time to time. This Amended and Restated Revolving Credit Note (this “Note”) is one of one or more Revolving Credit Notes evidencing borrowings under and is entitled to the benefits and subject to the provisions of the Credit Agreement. The principal of this Note may be due and payable in whole or in part prior to the Revolving Credit Maturity Date and is subject to mandatory prepayment in the amounts and under the circumstances set forth in the Credit Agreement, and may be prepaid in whole or from time to time in part, all as set forth in the Credit Agreement. Notwithstanding anything in this Note to the contrary, all agreements between the undersigned Maker and the Lenders and the Agent, whether now existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency, whether by reason of acceleration of the maturity of any of the Obligations or otherwise, shall the interest contracted for, charged or received by the Lenders exceed the maximum amount permissible under Applicable Law. If, from any circumstance whatsoever, interest would otherwise be payable to the Lenders in excess of the maximum lawful amount, the interest payable to the Lenders shall be reduced to the maximum amount permitted under Applicable Law; and if from any circumstance the Lenders shall ever receive anything of value deemed interest by Applicable Law in excess of the maximum lawful amount, an amount equal to any excessive interest shall be applied to the reduction of the principal balance of the Obligations of the undersigned Maker and to the payment of interest or, if such excessive interest exceeds the unpaid balance of principal of the Obligations of the undersigned Maker, such excess shall be refunded to the undersigned Maker. All interest paid or agreed to be paid to the Lenders shall, to the extent permitted by Applicable Law, be amortized, prorated, allocated and spread throughout the full period until payment in full of the principal of the Obligations of the undersigned Maker (including the period of any renewal or extension thereof) so that the interest thereon for such full period shall not exceed the maximum amount permitted by Applicable Law. This paragraph shall control all agreements between the undersigned Maker and the Lenders and the Agent. In case an Event of Default shall occur, the entire principal amount of this Note may become or be declared due and payable in the manner and with the effect provided in said Credit Agreement. This Note shall, pursuant to New York General Obligations Law Section 5-1401, be governed by the laws of the State of New York. The undersigned Maker and all guarantors and endorsers hereby waive presentment, demand, notice, protest, notice of intention to accelerate the indebtedness evidenced hereby, notice of acceleration of the indebtedness evidenced hereby and all other demands and notices in connection with the delivery, acceptance, performance and enforcement of this Note, except as specifically otherwise provided in the Credit Agreement, and assent to extensions of time of payment or forbearance or other indulgence without notice. This Note, together with other Amended and Restated Revolving Credit Notes as of even date herewith, is delivered in amendment and restatement of the “Revolving Credit Notes” as such term is defined in the Existing Credit Agreement. This Note is not intended to, nor shall it be construed to, constitute a novation of the indebtedness due under the Credit Agreement or the obligations evidenced thereby.

  • The Bank 1. shall perform the duties imposed on the Bank under the Ordinance. 2. shall exercise reasonable care in the performance of its duties as are specifically set forth in this Agreement, and no implied covenants or obligations shall be read into this Agreement against the Bank; and 3. in the absence of bad faith on its part, may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Bank and conforming to the requirements of this Agreement, but in the case of any opinions which by any provision hereof are specifically required to be furnished to the Bank, shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Agreement.

  • Company Counsel Legal Opinions The Agent shall have received the opinions and negative assurance letters, as applicable, of Company Counsel and Intellectual Property Counsel required to be delivered pursuant to Section 7(n) and Section 7(o), as applicable, on or before the date on which such delivery of such opinions and negative assurance letters are required pursuant to Section 7(n) and Section 7(o), as applicable.

  • Company Counsel Legal Opinion ▇▇▇▇▇ shall have received the opinions of Company Counsel required to be delivered pursuant to Section 7(n) on or before the date on which such delivery of such opinion is required pursuant to Section 7(n).