CESCE Policy definition

CESCE Policy means the CESCE insurance policy to be issued by CESCE to the Lenders (including the general terms and conditions in respect of such insurance policy) in respect of ninety five per cent. (95%) of the Facility and interest thereon as approved by the Facility Agent and the ECA Coordinator.
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Examples of CESCE Policy in a sentence

  • Following receipt of the CESCE Policy, the Facility Agent shall promptly notify the Borrower of the actual amount of the CESCE Premium.

  • The ECA Coordinator will only be notified of the actual amount of the CESCE Premium on the date of final issuance of the CESCE Policy and will promptly notify the Facility Agent thereof.

  • Any of the Transaction Documents, the CESCE Policy or the C▇▇▇ ceases to be lawful, valid, effective or enforceable or is terminated, suspended, rescinded, cancelled or repudiated by any of the parties thereto or any of the Security Documents ceases to constitute a first priority security interest (subject solely to Permitted Encumbrances) in favour of the Security Agent where any of the foregoing is attributable to or connected to or as a result of any action or omission of an Obligor.

  • Any of the Transaction Documents, the CESCE Policy or the ▇▇▇▇ ceases to be lawful, valid, effective or enforceable or is terminated, suspended, rescinded, cancelled or repudiated by any of the parties thereto or any of the Security Documents ceases to constitute a first priority security interest (subject solely to Permitted Encumbrances) in favour of the Security Agent where any of the foregoing is attributable to or connected to or as a result of any action or omission of an Obligor.

  • If any Party owes an amount to the Facility Agent or the ECA Coordinator under the Finance Documents, the CESCE Policy or the C▇▇▇, the Facility Agent or the ECA Coordinator, as applicable, may, after giving notice to that Party, deduct an amount not exceeding that amount from any payment to that Party which the Facility Agent or the ECA Coordinator would otherwise be obliged to make under the Finance Documents and apply the amount deducted in or towards satisfaction of the amount owed.

  • The ECA Coordinator shall not take any action under the CESCE Policy or the C▇▇▇ without the consent of the Majority Lenders (which consent shall not be unreasonably withheld), unless the ECA Coordinator has reasonably determined that such action would not be detrimental to the coverage provided to the Finance Parties thereunder.

  • The Borrower shall from time to time promptly after the written request of the Facility Agent provide such information (financial or otherwise) under this Agreement as the ECA Coordinator may be required to provide to CESCE or ICO in accordance with the general terms and conditions of the CESCE Policy and/or the ▇▇▇▇ (as applicable) or as otherwise required by CESCE or ICO.

  • The ECA Coordinator shall not take any action under the CESCE Policy or the ▇▇▇▇ without the consent of the Majority Lenders (which consent shall not be unreasonably withheld), unless the ECA Coordinator has reasonably determined that such action would not be detrimental to the coverage provided to the Finance Parties thereunder.

  • Each Lender and each Obligor undertakes to co-operate with the Administrative Parties to comply with any legal requirements imposed on the Administrative Parties in connection with the performance of its duties under this Agreement, any other Transaction Document, the CESCE Policy and the C▇▇▇ and shall supply any information reasonably requested by the Administrative Parties in connection with the proper performance of those duties.

  • The Borrower shall from time to time promptly after the written request of the Facility Agent provide such information (financial or otherwise) under this Agreement as the ECA Coordinator may be required to provide to CESCE or ICO in accordance with the general terms and conditions of the CESCE Policy and/or the C▇▇▇ (as applicable) or as otherwise required by CESCE or ICO.

Related to CESCE Policy

  • Life Insurance Policy has the meaning given in Section 6.10.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Policies has the meaning set forth in Section 3.16.

  • RWI Policy has the meaning set forth in Section 6.16.