EDB Loan definition

EDB Loan means the Drawings (as defined in the EDB Loan Agreement) in the aggregate principal amount not exceeding S$450,000,000 made or to be made by EDB to the Borrower pursuant to the EDB Loan Agreement (or, as the case may be, the outstanding aggregate principal amount of such Drawings (as defined in the EDB Loan Agreement));
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EDB Loan means the term loan made under the EDB Loan Agreement in an aggregate principal amount up to S$48,000,000 to be granted to the Borrower by EDB under its capital assistance scheme upon the terms and conditions set out in the EDB Offer Letter and the EDB Loan Agreement.
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EDB Loan means at any time the aggregate principal amount advanced by the EDB under the EDB Loan Facility (as reduced by any repayment or prepayment) to the Borrower, at that time and all accrued and unpaid interest including default interest;
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Examples of EDB Loan in a sentence

  • For the avoidance of doubt, if the Available EDB Amount for any Utilisation Period exceeds the aggregate principal amount of the advances made by EDB to the Borrower under the EDB Loan Agreement during that Utilisation Period, the Available EDB Amount for the next succeeding Utilisation Period will be increased by an amount equal to such excess in accordance with the provisions of sub-paragraph (b) above.

  • The guarantee fee shall be payable in Singapore Dollars and shall be non-refundable notwithstanding any reduction of the EDB Loan or Guarantee Outstanding Amount after the relevant Guarantee Fee Payment Date or, as the case may be, Increase Date or any reduction or cancellation of the Guarantee Commitments after the relevant Guarantee Fee Payment Date or, as the case may be, Increase Date.

  • We refer to an EDB Loan Agreement (the "EDB Loan Agreement") dated [] 1999 made between yourselves and Silicon Manufacturing Partners Pte Ltd (the "Borrower") pursuant to which you have agreed to make available to the Borrower a loan facility in an aggregate amount not exceeding S$240,000,000.

  • It has the power to enter into the Finance Documents and the EDB Loan Agreement and all corporate and other action required to authorise the execution of the Finance Documents and the EDB Loan Agreement and the performance of its obligations thereunder has been duly taken.

  • By way of example and for the avoidance of doubt, if on a day the rate at which the EDB Loan is accruing interest is 8 percent per annum and no prepayments or repayments shall have been made under the EDB Loan, then the amount of the required Cash Deposits shall equal 108 percent multiplied by S$48,000,000, or S$51,840,000.

  • To the extent not contemplated by any of the foregoing Clause 17.1 (Failure to Pay) to Clause 17.18 (EDB Loan), any event or circumstance occurs which the Bank reasonably believes might have a material adverse effect on the ability of the Borrower to perform or comply with its obligations under any of the Finance Documents or the EDB Loan Agreement.

  • The Borrower shall, in respect of the Bank Guarantee requested by it, pay to the Bank a guarantee commission at the Bank Guarantee Commission Rate on the maximum principal amount of the EDB Loan guaranteed by the Bank under the Bank Guarantee (taking into account any prior repayments or prepayments under the EDB Loan).

  • The Borrower shall use the entire proceeds of each Advance and the EDB Loan to finance the operation (including equipment purchase and installation) of wafer fabrication facilities of the Borrower at the Plant, but none of the Arranging Parties, the Agent, the Security Trustee nor any Bank need check that it does so.

  • The Borrower shall use the entire proceeds of each Advance and the EDB Loan to finance the construction and operation of the Plant and/or the purchase of equipment for wafer fabrication of semiconductor devices in relation to the Plant, but none of the Arrangers, the Agent nor any Bank need check that it does so.

  • The Borrower shall provide the Bank with copies of all notices, documents or other information provided to, or received from, EDB pursuant to the EDB Loan Agreement.

Related to EDB Loan

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • ▇▇▇▇▇▇▇▇ Loan means a Subsidized ▇▇▇▇▇▇▇▇ Loan or an Unsubsidized ▇▇▇▇▇▇▇▇ Loan.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • PPP Loan means, with respect to any Target Company, the loan made to the Target Company by a bank pursuant to that certain promissory note under the U.S. Treasury’s Paycheck Protection Program (pursuant to the CARES Act).