Examples of BNP Facility in a sentence
The 425 Project is a plan to launch one SAR- equipped satellite into GEO and four EO/IR surveillance satellites which have 0.3 to 0.5 m resolution capability into LEO with a 1 trillion KRW budget by 2022.
BNP Facility Agreement means the amendment deed facility agreement dated 31 December 2020 between Galaxy, GLAL, Galaxy Lithium One Inc., Galaxy Lithium (Ontario) Inc.
The Borrower shall deposit not less than $4,000,000 into the EPI Security Margin Account (as defined in the BNP Facility) on or prior to August 13, 2004.
Except in respect of the pledge of shares pursuant to the BNP Facility, all of the outstanding shares in the capital of each of the Subsidiaries that is a corporation are: (a) validly issued, fully-paid and non-assessable and all such shares are owned free and clear of all pledges, security interests, liens, claims or encumbrances of any kind or nature whatsoever; and (b) are free of any other restrictions including any restriction on the right to vote, sell or otherwise dispose of shares.
If they happen to take cases to court, there is hardly ever a successful prosecution.
Rickmers Maritime is therefore proposing to restructure its current debt.To date, Rickmers Maritime has entered into refinancing discussions with the bank lenders for a new US$260,227,745.26 facility (the “New Facility”) to refinance all of Rickmers Maritime’s present outstanding debt under the BNP Facility and the HSH Facility.
The Liens granted under this Agreement on any Collateral that is a “Receivable” subject to a “Discount” under (and each as defined in) the BNP Facility shall automatically terminate upon such Receivable becoming subject to a Discount pursuant to the BNP Facility.
The BNP Facility will be secured by a first priority mortgage over the financed vessel and general and specific assignments and will be guaranteed by Star Bulk.
Upon satisfaction of each of these conditions precedent, Kropz Elandsfontein will receive the necessary waiver of the technical default of the BNP Facility which was announced by the Company on 14 February 2020.
The as-adjusted purchase commitments have been adjusted to exclude those commitments under the financed vessels under the CEXIM Facility, NIBC Facility, BNP Facility and Sinosure Facility which payment obligation has been reflected in the as-adjusted long-term debt under footnote (1) above, for which no drawdown has been made up to September 30, 2014, but concern outstanding commitments of our newbuilding program.