SCA Loan definition

SCA Loan means a loan made or to be made to a Beneficiary by an Eligible SCA for a Subproject out of the equivalent of the proceeds of the Credit relent to such SCA by RFC;

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SCA Loan means the loan to be issued in favour of the Existing Lenders under the Existing Syndicated Loans as a result of the Restructuring on the terms contemplated by the Term Sheet;

SCA Loan means the Loan made to the Operating Company. As at the Restatement Date, the amount of the SCA Loan is € 84,798,748.59.

Examples of SCA Loan in a sentence

• The SCA Loan and the SNC Loan shall carry interest for each Interest Period applicable thereto at a rate or rates calculated pursuant to this Clause.

• The SCA Loan Agreement operates, in the credit and debit sides, following terms and conditions provided for in Article 7 (Provisions concerning the Loan Accounts and the Designated Accounts) of the Credit Agreement, terms and conditions that may not be modified without the consent of the Lenders’ Agent.

• Pursuant to Clause 39 of the Facility Agreement [and (in the event that the Assignee Bank is not related to the Assignor Bank) after having been duly authorised under Clause 39(A)], the Assignor Bank hereby assigns its rights and transfer its participation in the Facility Agreement to the Assignee Bank in an amount of de € [•] (the “Participation”), being € [•] in respect of the SCA Loan and € [•] in respect of the SNC Loan.