SIMEST definition
Examples of SIMEST in a sentence
To the extent the same shall have been provided to it by SIMEST, that Finance Party shall forward to the Borrower the original receipt (or copy thereof) evidencing that the payment has been duly remitted to the appropriate authority.
Subject to Clause 40.2 (All Lender matters) and Clause 40.3 (Other exceptions), any term of the Finance Documents may be amended or waived only with the consent of the Majority Lenders, the Obligors and (if required pursuant to the IMUA) SIMEST and any such amendment or waiver will be binding on all Parties.
In case of an event described in paragraph (b) above, each Finance Party making a claim thereunder shall request that SIMEST provide an original receipt (or copy thereof) evidencing that the payment has been duly remitted to the appropriate authority.
The Agent shall notify the Lenders, the Export Credit Agency and SIMEST, as applicable, promptly upon being satisfied as to the satisfaction of the conditions precedent referred to in this Clause 4 (Conditions of Utilisation).
No failure to exercise, nor any delay in exercising, on the part of any Finance Party and SIMEST, any right or remedy under a Finance Document shall operate as a waiver of any such right or remedy or constitute an election to affirm any Finance Document.
SIMEST is the CDP Group company that supports the growth and competitiveness of Italian companies worldwide, with a particular focus on SMEs. SIMEST assists companies throughout the international development cycle, from the initial assessment of opening up to a new market to expansion and consolidation through support for foreign direct investment.
CDP, through SIMEST, and Khazanah will mainly focus on analysing potential investment opportunities in Malaysian subsidiaries of Italian companies and/or groups.
Following such discussions the Agent shall report the decision of the Borrower and the Lenders to SIMEST, providing their reason for any negative decision.
Any solution agreed between the Agent and SIMEST at the end of the consultation period (which shall last for a period of ten (10) days from the service of such notice on SIMEST) will be binding among themselves and shall be notified by the Agent to each Obligor immediately thereafter (and in any case no later than ten (10) days following such decision).
Subject to the payment of SIMEST Break Costs, the Borrower may, if it gives the Agent not less than thirty-five (35) days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part of the Available Facility.