Eksportfinans definition
Examples of Eksportfinans in a sentence
Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs and additional costs for Eksportfinans pursuant to Clause 13.3 (Break Costs) below, without premium or penalty.
Such control account shall, in the absence of manifest error, be conclusive as to the aggregate amount from time to time due from the Borrower to Eksportfinans in respect of the principal of, and interest on, the Loans and other charges in respect of the Loans.
The Borrower may request the Commercial Lenders Guarantee to be issued on its behalf to Eksportfinans by delivery to the Agent of a duly completed Utilisation Request not later than 10:00 hours (London time), three (3) Business Days prior to the proposed Utilisation Date.
Any such prepayment shall be applied pro rata to the Commercial Loan Facility and the Eksportfinans Loan Facility.
Each of the Obligors shall at all times during the Loan Period maintain Loan A fully secured by guarantees acceptable to Eksportfinans.
On the Final Maturity Date Loan A the Borrower shall pay to the Agent on behalf of Eksportfinans all amounts then still outstanding under Loan A.
The Agent shall as Agent in respect of Eksportfinans exercise the same care as it normally exercises in making and handling loans for its own account.
The Borrower shall repay each Eksportfinans Loan and each Commercial Facility Loan made to it by consecutive quarterly repayments as set out in Schedule 7 (Repayments and Reductions) and the first repayment shall occur 3 months from the First Utilisation Date.
Following such accession, GIEK (or its respective nominees) shall for the purposes of this Agreement be included in the new definition of “Lender” and the rights, entitlements and powers of GIEK (or nominee) and Eksportfinans under this Agreement and the Security Documents shall be as set forth in paragraphs (a) and (b) above.
In respect of Eksportfinans, the Agent will not be liable for any action taken by it under or in connection with the Agreement or the Security Documents, unless directly caused by negligence.