Common use of Assignment of Foreign Credit Insurance Policy Proceeds and Buyer/Supplier Financing Clause in Contracts

Assignment of Foreign Credit Insurance Policy Proceeds and Buyer/Supplier Financing. Borrower shall, simultaneously with the execution of this Agreement and as and when such policies are put into effect or financing is obtained by Borrower for the benefit of any Buyer, at any time prior to the payment and performance in full of Borrower's Obligations, assign to Lender the proceeds of all foreign credit insurance policies maintained by Borrower and any financing obtained by Borrower for the benefit of any Buyer, including, without limitation, any financing the repayment of which is guaranteed or insured by Ex-Im Bank or any other expert credit agency, such assignment to provide for payment to be made directly into Borrower's account with Lender or to Lender.

Assignment of Foreign Credit Insurance Policy Proceeds and Buyer/Supplier Financing. Borrower shall, simultaneously with the execution of this Agreement and as and when such policies are put into effect or financing is obtained by Borrower for the benefit of any Buyer, at any time prior to the payment and performance in full of Borrower's ’s Obligations, assign to Lender the proceeds of all foreign credit insurance policies maintained by Borrower and any financing obtained by Borrower for the benefit of any Buyer, including, without limitation, any financing the repayment of which is guaranteed or insured by Ex-Im Bank or any other expert credit agency, such assignment to provide for payment to be made directly into Borrower's ’s account with Lender or to Lender.

Assignment of Foreign Credit Insurance Policy Proceeds and Buyer/Supplier Financing. Each Borrower shall, simultaneously with the execution of this Agreement and as and when such policies are put into effect or financing is obtained by such Borrower for the benefit of any Buyer, at any time prior to the payment and performance in full of Borrower's Borrowers' Obligations, assign to Lender the proceeds of all foreign credit insurance policies maintained by such Borrower and any financing obtained by such Borrower for the benefit of any Buyer, including, without limitation, any financing the repayment of which is guaranteed or insured by Ex-Im Bank or any other expert credit agencyBank, such assignment to provide for payment to be made directly into such Borrower's account with Lender or to Lender.

Assignment of Foreign Credit Insurance Policy Proceeds and Buyer/Supplier Financing. Borrower shall, simultaneously with the execution of this Agreement and as and when such policies are put into effect or financing is obtained by Borrower for the benefit of any Buyer, at any time prior to the payment and performance in full of Borrower's Obligations, assign to Lender the proceeds of all foreign credit insurance policies maintained by Borrower and any financing obtained by Borrower for the benefit of any Buyer, including, without limitation, any financing the repayment of which is guaranteed or insured by Ex-Im Bank or any other expert credit agencyBank, such assignment to provide for payment to be made directly into Borrower's account with Lender or to Lender.