Common use of Definitions Clause in Contracts

Definitions. Wherever used in this Agreement (including the Preamble), unless stated otherwise or the context otherwise requires, the terms defined in the Preamble have the respective meanings given to them therein, the terms defined in the Standard Terms and Conditions and the Loan Agreement have the respective meanings given to them therein and each of the following terms has the following meaning: "Guarantor's Authorised Representative" means the Minister of Finance of the Guarantor. "PSO" or "Public Service Obligation" means the obligation imposed by the relevant Governmental Authority on the Borrower whereby the Borrower is compensated on a periodic basis for financial losses it incurs in operating services and facilities required by the Governmental Authority, which it would not otherwise operate. "PSO Compensation" means compensation paid by the relevant Governmental Authority to the Borrower for implementation of the PSO.