Pre-Export definition
Examples of Pre-Export in a sentence
Reference is made to the First Amended and Restated Pre-Export Credit Agreement, dated as of June 12, 2017 (as the same may be amended, supplemented or modified from time to time, the “Credit Agreement”), among MOLINO CAÑUELAS S.A.C.I.F.I.A., as borrower (the “Borrower”), the lenders referred to therein (the “Lenders”), ITAÚ UNIBANCO S.A., NASSAU BRANCH, as collateral agent and ITAÚ UNIBANCO S.A., NASSAU BRANCH, as administrative agent (in such capacity, the “Administrative Agent”).
Reference is made to the Amended and Restated Pre-Export Finance A/B Term Facility Agreement dated 3 December 2015 as amended and restated as of December [ ], 2016 (the “Agreement”), among, inter alios, Molino Cañuelas S.A.C.I.F.I.A. (the “Borrower”), and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (“FMO”).
The Facilities qualify as pre-export financings in accordance with the Relevant Pre-Export Regulations.
Unless otherwise defined herein, terms defined in the Pre-Export Credit Agreement are used herein as therein defined.
Each of the undersigned hereto agrees that any dispute relating to this First Amendment shall be determined in accordance with Section 16.2 of the Pre-Export Credit Agreement and the provisions of said Section 16.2 of the Pre-Export Credit Agreement are incorporated into this First Amendment, mutatis mutandis, as if the provisions were fully set forth herein.
Borrower shall have paid the Administrative Agent, by wire transfer of immediately available funds all fees and expenses presently due under the Pre-Export Credit Agreement (as amended by this First Amendment).
The Off-taker agrees that the full amount of the Pre-Export Loans Debt Service Amount applicable to such Interest Period will be on deposit in the Collection Account thirty (30) days prior to the end of such Interest Period.
If such Pre-Export Loans Debt Service Amount has not been deposited into the Collection Account by such date, then the Collateral Agent shall notify the Off-taker of such shortfall on or before the date occurring five (5) Business Days prior to the applicable Payment Date.
The Pre-Export Credit Agreement, as expressly modified herein, shall continue in full force and effect and be binding upon the parties thereto.
If such Pre-Export Loans Debt Service Amount has not been deposited into the Collection Account by such date, then the Collateral Agent shall notify the Off-taker of such shortfall and the Off-taker shall transfer an amount equal to the shortfall from the Off-taker’s Payment Account to the Collection Account (such funds to be derived from other export receivables of the Exporters and/or Off-taker) within two (2) Business Days of the date it receives notice from the Collateral Agent of such shortfall.