Examples of ECA Premium in a sentence
Any prepayment of a Loan pursuant to Clause 7.6 (ECA Premium refund) and Clause 7.10 (Voluntary prepayment of Loans) shall be applied pro rata to each Lender's participation in that Loan and shall satisfy the obligations under Clause 6.1 (Repayment of Loans) in inverse chronological order.
If all or any part of the upfront portion of the ECA Premium A is not paid by the Borrower to the Finnvera Facility Agent, for the account of Finnvera, prior to the requested date of the initial Tranche A Advance after the Closing Date (the “Outstanding ECA Premium A”), the Finnvera Facility Agent shall deduct the Outstanding ECA Premium A from the proceeds of the initial Tranche A Advance after the Closing Date and remit same to Finnvera concurrently therewith.
The Borrower in relation to an Aircraft agrees with the Lessee of that Aircraft that it will pay the ECA Premium for the ECA Loan for that Aircraft to the National Agents respectively as soon as reasonably practicable following the receipt by that Borrower of the full amount of the Initial Rent under (and as defined in) the Lease for that Aircraft.
The Borrower shall pay or reimburse the Off Shore Facility Agent and/or the Equipment Vendor for payment of any ECA Premium to the ECA.
If all or any part of the upfront portion of the ECA Premium B is not paid by the Borrower to the Finnvera Facility B Agent, for the account of Finnvera, prior to the requested date of the initial Tranche B Advance (the “Outstanding ECA Premium B”), the Finnvera Facility B Agent shall deduct the Outstanding ECA Premium B from the proceeds of the initial Tranche B Advance and remit same to Finnvera concurrently therewith.
The Borrower in relation to an Aircraft agrees with the Lessee of that Aircraft that it will pay the ECA Premium for the ECA Loan for that Aircraft to the ECA Agent as soon as reasonably practicable following the receipt by that Borrower of the full amount of the Initial Rent under (and as defined in) the Lease for that Aircraft.
Each Obligor hereby expressly agrees and acknowledges that the ECA Premium for an ECA Loan is payable to ECGD in full, as a condition to, and prior to, the issue by them of the Support Agreement for that ECA Loan and is not refundable in whole or in part in any circumstances or for any reason whatsoever except if ECGD does not issue its Support Agreement for that ECA Loan.
Other than in respect of the payment of any ECA Premium or Premium to Hermes or SACE (as applicable) in accordance with this Clause 22, the Company acknowledges that no Finance Party is in any way involved in the calculation or payment of any part of any ECA Premium or Exposure Fee, and the Company will not raise against any Finance Party any claim or defence of any kind whatsoever in relation to the calculation or payment of any part of any ECA Premium or Exposure Fee.
Does not include the balances of the subsidiaries Ribeira Empreendimentos Imobiliários Ltda.
Lagrangian transport by nonbreaking and breaking deep-water waves at the ocean surface.