Amount and Use of Credits. (a) The Lender shall establish each Credit pursuant to the terms and conditions set forth in this Agreement, the relevant Credit Agreement, the relevant Note(s) and the relevant Ex-Im Bank Approval, in favor of the Borrower and in the amount specified in such Ex-Im Bank Approval (b) Each Credit shall be used to enable the relevant Borrower to finance: (i) the Financed Portion of the Net Contract Price incurred on and after the Initial Eligibility Date by a Purchaser for the purchase of Goods and Services; (ii) if provided in the Ex-Im Bank Approval, the Local Cost Financed Portion of the costs a Purchaser incurs on or after the Initial Eligibility Date for the purchase in the Purchaser’s Country of Local Cost Goods and Services, if any; and (iii) if provided in the Ex-Im Bank Approval, the Exposure Fee payable on such Financed Portion and Local Cost Financed Portion. For purposes of this Section 2.02(b), costs with respect to services shall be deemed to have been incurred on the date the services were performed, as evidenced by the invoice of the provider of such services, and costs with respect to goods shall be deemed to have been incurred on the date the goods were shipped, as evidenced by the date of the relevant bill of lading.
Appears in 3 contracts
Samples: Master Guarantee Agreement, Master Guarantee Agreement, Master Guarantee Agreement
Amount and Use of Credits. (a) The Lender Agent and the relevant Lenders shall establish each Credit pursuant to the terms and conditions set forth in this Agreement, the relevant Credit Agreement, the relevant Note(s) and the relevant Ex-Im Bank Approval, in favor of the Borrower and in the amount specified in such Ex-Im Bank Approval.
(b) Each Credit shall be used to enable the relevant Borrower to finance:
(i) the Financed Portion of the Net Contract Price incurred on and after the Initial Eligibility Date by a Purchaser for the purchase of Goods and Services;
(ii) if provided in the Ex-Im Bank Approval, the Local Cost Financed Portion of the costs a Purchaser incurs on or after the Initial Eligibility Date for the purchase in the Purchaser’s Country of Local Cost Goods and Services, if any; and;
(iii) if provided in the Ex-Im Bank Approval, the Exposure Fee payable on such Financed Portion, Local Cost Financed Portion and Local Cost IDC Financed Portion; and
(iv) if provided in the Ex-Im Bank Approval, the IDC Financed Portion. For purposes of this Section 2.02(b), costs with respect to services shall be deemed to have been incurred on the date the services were performed, as evidenced by the invoice of the provider of such services, and costs with respect to goods shall be deemed to have been incurred on the date the goods were shipped, as evidenced by the date of the relevant bill xxxx of lading.
Appears in 1 contract
Samples: Master Guarantee Agreement
Amount and Use of Credits. (a) The Lender shall establish each Credit pursuant to the terms and conditions set forth in this Agreement, the relevant Credit Agreement, the relevant Note(s) and the relevant Ex-Im Bank Approval, in favor of the Borrower and in the amount specified in such Ex-Im Bank Approval.
(b) Each Credit shall be used to enable the relevant Borrower to finance:
(i) the Financed Portion of the Net Contract Price incurred on and after the Initial Eligibility Date by a Purchaser for the purchase of Goods and Services;
(ii) if provided in the Ex-Im Bank Approval, the Local Cost Financed Portion of the costs a Purchaser incurs on or after the Initial Eligibility Date for the purchase in the Purchaser’s Country of Local Cost Goods and Services, if any; and
(iii) if provided in the Ex-Im Bank Approval, the Exposure Fee payable on such Financed Portion and Local Cost Financed Portion. For purposes of this Section 2.02(b), costs with respect to services Services shall be deemed to have been incurred on the date the services Services were performed, as evidenced by the invoice of the provider of such servicesServices, and costs with respect to goods Goods shall be deemed to have been incurred on the date the goods Goods were shipped, as evidenced by the date of the relevant bill xxxx of lading.
Appears in 1 contract
Samples: Master Guarantee Agreement
Amount and Use of Credits. (a) The Lender Lessor shall establish each Credit pursuant to the terms and conditions set forth in this Agreement, the relevant Credit Agreement, the relevant Note(sLease Agreement and Lease Supplement(s) and the relevant Ex-Im Bank Approval, in favor of the Borrower Lessee and in the amount specified in such Ex-Im Bank Approval.
(b) Each Credit shall be used to enable the relevant Borrower Lessee to finance:
(i) the Financed Portion of the Net Contract Price incurred on and after the Initial Eligibility Date by a Purchaser Lessor for the purchase of Goods and ServicesServices to be leased to a Lessee;
(ii) if provided in the Ex-Im Bank Approval, the Local Cost Financed Portion of the costs a Purchaser incurs incurred on or after the Initial Eligibility Date for the purchase by a Lessor in the Purchaser’s Country respect of Local Cost Goods and Services, if any, to be leased to a Lessee; and
(iii) if provided in the Ex-Im Bank Approval, the Exposure Fee payable on such Financed Portion and Local Cost Financed Portion. For purposes of this Section 2.02(b), costs with respect to services shall be deemed to have been incurred on the date the services were performed, as evidenced by the invoice of the provider of such services, and costs with respect to goods shall be deemed to have been incurred on the date the goods were shipped, as evidenced by the on-board date of the relevant bill xxxx of lading.
Appears in 1 contract
Samples: Master Guarantee Agreement
Amount and Use of Credits. (a) The Lender Lessor shall establish each Credit pursuant to the terms and conditions set forth in this Agreement, the relevant Credit Agreement, the relevant Note(sLease Agreement and Lease Supplement(s) and the relevant Ex-Im ExIm Bank Approval, in favor of the Borrower Lessee and in the amount specified in such Ex-Im ExIm Bank Approval.
(b) Each Credit shall be used to enable the relevant Borrower Lessee to finance:
(i) the Financed Portion of the Net Contract Price incurred on and after the Initial Eligibility Date by a Purchaser Lessor for the purchase of Goods and ServicesServices to be leased to a Lessee;
(ii) if provided in the Ex-Im ExIm Bank Approval, the Local Cost Financed Portion of the costs a Purchaser incurs incurred on or after the Initial Eligibility Date for the purchase by a Lessor in the Purchaser’s Country respect of Local Cost Goods and Services, if any, to be leased to a Lessee; and
(iii) if provided in the Ex-Im ExIm Bank Approval, the Exposure Fee payable on such Financed Portion and Local Cost Financed Portion. For purposes of this Section 2.02(b), costs with respect to services shall be deemed to have been incurred on the date the services were performed, as evidenced by the invoice of the provider of such services, and costs with respect to goods shall be deemed to have been incurred on the date the goods were shipped, as evidenced by the onboard date of the relevant bill xxxx of lading.
Appears in 1 contract
Amount and Use of Credits. (a) The Lender shall establish each Credit pursuant to the terms and conditions set forth in this Agreement, the relevant Credit AgreementAgreement (if any), the relevant Note(s) and the relevant Ex-Im Bank Approval, in favor of the Borrower and in the amount specified in such Ex-Im Bank Approval.
(b) Each Credit shall be used to enable the relevant Borrower to finance:
(i) the Financed Portion of the Net Contract Price incurred on and after the Initial Eligibility Date by a Purchaser for the purchase of Goods and Services;
(ii) if provided in the Ex-Im Bank Approval, the Local Cost Financed Portion of the costs a Purchaser incurs incurred on or after the Initial Eligibility Date for the purchase by a Purchaser in the Purchaser’s Country respect of Local Cost Goods and Services, if any; and
(iii) if provided in the Ex-Im Bank Approval, the Exposure Fee payable on such Financed Portion and Local Cost Financed Portion. For purposes of this Section 2.02(b), costs with respect to services shall be deemed to have been incurred on the date the services servic es were performed, as evidenced by the invoice of the provider of such services, and costs with respect to goods shall be deemed to have been incurred on the date the goods were shipped, as evidenced by the on-board date of the relevant bill xxxx of lading.
Appears in 1 contract
Samples: Master Guarantee Agreement