10 Apr

Interest Make Up Agreement Simest

Aziende esportatrici di beni di investimento e/o servizi With the prior written agreement of each of the lenders, the SACE representative (with a copy of the Facility Agent) may ask SACE or SIMEST to amend or modify the sacred policy and the interest-making agreement, unless these changes are inconsistent with the terms and conditions of this agreement, otherwise the SACE agent (with copy to the Facility agent) undertakes not to require SACE or SIMEST to change or modify the SACE insurance policy or the agreement. Il Contributo Export erogato da SIMEST consents agli esportatori italiani di offere ai propri committenti esteri condizioni di pagamento dilazionato a medio/lungo termine (≥ 24 mesi) ad un tasso di interesse fisso agevolato. Our buyer-to-buyer credit facility allows you to securely finance your customers who buy capital and quasi-goods and services from Italy. . 6.16 Currency Change (a) In the event that the SACE agent informs the borrower that SIMEST has requested a change in the loan currency in accordance with point 6.3 of the interest rate make-up contract, the borrower and lenders plan to change the currency for a period of no more than 10 days of activity. Each party also undertakes not to act in a manner inconsistent with the provisions of the SACE insurance policy and the interest-making agreement. On 19 November 2012, BBVA SA Milan Branch and Deutsche Bank SpA, together with the Arrangers and Lenders, signed this credit facility to the buyer covered by SACE (i.e. the Italian export credit agency) for a total amount of USD 143,198,163, with a door-to-door tone of 11 years. BBVA SA Milan Branch also acts as an agent. Rivoli SpA is an Italian SME leader in prefabricated systems for the construction of bridges and roads, with a full range of pre-stressed reinforced concrete jets, with a strong presence and balance sheet in Brazil. Over the years, they have designed and built more than 500 bridges in Brazil and 1,000 bridges in Italy and have completed more than 300 km of roads.