Effective Date means the date of entry into force of the Agreement resulting from Clause 20. “EU” means the European Union. “EURIBOR” means the percentage rate quoted by any financial news provider acceptable to the CEB at or about 11.00 a.m. Brussels time on the Interest Determination Date as the Euro wholesale funding rate administrated by the European Money Market Institute (or any other entity which takes over the administration of that rate) for the same period as the relevant Interest Period. If the relevant Interest Period is not the same as a period quoted by the relevant financial news provider, the applicable EURIBOR shall be the percentage rate resulting from a linear interpolation by reference to two (2) EURIBOR rates, one of which is applicable for a period of whole months next shorter and the other for a period of whole months next longer than the length of the relevant Interest Period. “Euro” and the sign “EUR” means the lawful currency of the Member States of the EU which from time to time adopt it as their currency in accordance with the relevant provisions of the Treaty of the EU and the Treaty on the Functioning of the EU or their succeeding treaties. “European Convention on Human Rights” means the Convention for the Protection of Human Rights and Fundamental Freedoms dated 4 November 1950, CETS No. 5, as amended from time to time. “European Social Charter” means the European Social Charter dated 3 May 1996, CETS No. 163, as amended from time to time. “Final Beneficiaries” are specified under Appendix 1 hereto as the group benefitting from the social effects of the Project. “Financial Covenants” has the meaning specified under Sub-clause 6.6. “Fixed Interest Rate” means the interest rate per annum specified in the applicable Disbursement Notice. “Floating Interest Rate” means the interest rate per annum determined by adding or subtracting the Spread specified in the applicable Disbursement Notice to or from, as the case may be, the Reference Rate. For the avoidance of doubt, when the determination of the Floating Interest Rate results in a negative interest rate (due to a quoted negative Reference Rate, to the operation of a Spread that is subtracted from the Reference Rate or to any other circumstances), the interest to be paid by the Borrower for the Interest Period shall be deemed to be zero. “Forecasted Expenditure” means the eligible costs planned to be incurred under the Project over the period of one (1) year.
Effective Date has the meaning given to it in Article 12.3. "Eligible Country" means any country specified in Xxxxx XXX to the Decision, as may be amended from time to time by the European Commission in accordance with Articles 4(2) and 18 of the Decision, or any other country in respect of which the European Parliament and the Council of the European Union have adopted a decision pursuant to Article 4(1) of the Decision.
Effective Date means the date on which this Loan Agreement becomes effective in accordance with Clause 3.1 (Effective Date). "Event of Default" shall have the meaning set forth in Clause 12 (Events of Default and Acceleration).
Examples of Effective Date in a sentence
This Agreement comes into force on the Effective Date and remains in full force and effect for as long as any amount is outstanding under this Agreement.
The Effective Date shall not occur later than 12 (twelve) months after the signing of this Contract.
If the Effective Date does not occur within 60 days of the date of this Agreement (or such later date agreed by the Agent) the amendments will not take effect.
The undertakings in this Clause 16 remain in force from the Effective Date for so long as any amount is outstanding under this Agreement or any Commitment is in force.
The amendments set out in this Agreement will take effect on and from the date on which the Agent notifies the Borrower that all the conditions precedent listed in Schedule 1 have been fulfilled to its satisfaction (acting on the instructions of all Lenders and MIGA) (the "Effective Date").
The undertakings in this Clause 17 remain in force from the Effective Date for so long as any amount is outstanding under this Agreement or any Commitment is in force.
More Definitions of Effective Date
Effective Date has the meaning given to such term in paragraph (b) of Clause 39 (Conditions to Effectiveness). “Encumbrance” means:
Effective Date has the meaning given to it in Article 12.03. ”EIB” means the Bank.
Effective Date means the date on which the conditions set forth in subclauses (ii) and (iii) of Clause 1. (a) of Schedule 2 (Conditions precedent to Initial Utilisation) have been satisfied and confirmed thereto by written notice of the Agent to the Borrower substantially in the form set out in Schedule 10 (Notice of Effective Date).
Effective Date means the date on which the Legal Agreements enter into effect pursuant to Section
Effective Date means the date of entry into force of the Agreement resulting from Clause 20. “EU” means the European Union. “EURIBOR” means the percentage rate quoted by any financial news provider acceptable to the CEB at or about 11.00 a.m. Brussels time on the Interest Determination Date as the Euro wholesale funding rate administrated by the European Money Market Institute (or any other entity which takes over the administration of that rate) for the same period as the relevant Interest Period. “European Convention on Human Rights” means the Convention for the Protection of Human Rights and Fundamental Freedoms dated 4 November 1950, CETS No. 5, as amended from time to time. “European Social Charter” means the European Social Charter dated 3 May 1996, CETS No. 163, as amended from time to time. “Final Beneficiaries” are specified under Appendix 1 hereto as the group benefitting from the social effects of the Project. “Financial Covenants” has the meaning specified under Sub-clause 6.6. “Forecasted Expenditure” means the eligible costs planned to be incurred under the Project over the period of one (1) year.