SK Loan definition

SK Loan means the U.S.$1,592,000,000 4 per cent. loan due 2024 to be made by ▇▇▇▇▇▇ ▇▇▇▇▇▇ to the Bank on or about the date hereof, to be denominated in Tenge;
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SK Loan means the KZT 239,771,120,000 loan from Samruk-Kazyna to the Bank with an interest rate of 4.0 per cent. per annum which is subordinated to the Bank’s obligations under the RCTFF Agreement and the Notes.
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SK Loan means the U.S.$1,592,000,000 4 per cent. loan due 2024 to be made by Samruk-Kazyna to the Bank, to be denominated in Tenge, subordinated to the New Notes and the RCTFF;
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Examples of SK Loan in a sentence

  • The Trustee may from time to time and at any time without any consent or sanction of the Noteholders concur with Samruk-Kazyna in making any modification to the SK Loan or the SK Loan Schedule if in the opinion of the Trustee such modification is of a formal, minor or technical nature or made to correct a manifest error.

  • If at any time the Bank receives a notice from Samruk-Kazyna pursuant to the SK Loan Schedule, it shall provide a copy of such notice to the Trustee for approval in accordance with Clause 7(a)(vii) and, following approval, send such notice to Noteholders in accordance with Condition 14.

  • Only the Trustee may enforce the provisions of the SK Loan Schedule and no Noteholder shall be entitled to proceed directly against Samruk-Kazyna to enforce the provisions of the SK Loan Schedule unless the Trustee, having become bound so to proceed on behalf of the Noteholders, fails to do so within a reasonable time and such failure is continuing.

  • As between itself and the Noteholders, the Trustee may determine all questions and doubts arising in relation to any of the provisions of the SK Loan Schedule of which it has the benefit.

  • The Trustee shall have no liability in respect of the SK Loan Schedule and shall have no obligations or duties in respect thereof other than to receive funds pursuant to Clause 5 of the SK Loan Schedule.

  • With respect to any amount received under Clause 5 (Turnover) of the SK Loan Schedule in Kazakh Tenge, the Trustee shall convert such amount into U.S. dollars at such time and such manner as reasonably specified by the Trustee in accordance with this Clause.

  • Any consent given by the Trustee for the purposes of the SK Loan Schedule may be given on such terms and subject to such conditions (if any) as the Trustee may require and may be given retrospectively.

  • The Trustee need not notify anyone of the execution of this Trust Deed or the SK Loan Schedule or do anything to monitor or enquire if a default or breach under the SK Loan Schedule has occurred.

  • The Bank shall have no liability for or in respect of the Bank Certificate or the apportionment as between the Trustee and the RCTFF Agent of any amounts payable by ▇▇▇▇▇▇-▇▇▇▇▇▇ to the Trustee and/or the RCTFF Agent under the SK Loan Schedule, provided that it has acted reasonably and in good faith.

  • The Trustee shall be under no obligation to monitor or supervise the functions of any other person under the SK Loan Schedule or any other agreement or document relating thereto or therein contemplated and shall be entitled, in the absence of actual knowledge of a breach of obligation, to assume that each such person is properly performing and complying with its obligations.