VEB Financing definition
VEB Financing means the provision of credit funds to the Project Company by State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) (“VEB”) totaling up to two billion five hundred and three million seven hundred thousand (2,503,700,000.00) US dollars for up to 13.5 years upon the terms and conditions precluding the possibility that any obligations to VEB arise in the other companies of the Borrower Group and/or the Mechel-Mining OAO Group, as well as excluding the possibility that any rights of claim arise with VEB against the other companies of the Borrower Group and/or the Mechel-Mining OAO Group, except for the obligations under the Project Security.”