CIC Loan definition

CIC Loan means the US$1,900,000,000 term loan granted pursuant to a loan agreement made between, amongst others, the Company and Country Forest Limited, dated September 18, 2009, as amended and restated on September 24, 2009, October 28, 2009 and November 5, 2009, with US$1,062,044,361.05 in principal outstanding under such term loan as of April 25, 2016 (and US$264,919,261.41 of accrued but unpaid interest as of April 25, 2016;

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CIC Loan means Limited Recourse Debt, not to exceed $205,000,000 in aggregate principal amount, to be issued in the future that will be used to repay the PRIDE ANGOLA Construction Loan.

CIC Loan means the US$1,900,000,000 term loan granted pursuant to a loan agreement made between, amongst others, the Company and Country Forest Limited, dated September 18, 2009, as amended and restated on September 24, 2009, October 28, 2009 and November 5, 2009, with US$1,062,044,361.05 in principal

Examples of CIC Loan in a sentence

• Each of the Parent Guarantor and each Borrower represents and warrants to the Agents and the Lenders that (a) the recourse of the holders of the CIC Loan (after the period of the PRIDE ANGOLA Construction Loan) is effectively limited to the Foreign Affiliate that is the obligor thereunder and to the security of the assets of such Foreign Affiliate and (b) the maximum exposure reasonably expected under the Mitsubishi Guarantees is $74,200,000.

• The Administrative Agent hereby designates the CIC Loan (effective after repayment of the PRIDE ANGOLA Construction Loan or release of the Parent Guarantor from all liability thereunder) as Limited Recourse Debt for purposes of the Credit Agreement.