Binding Guarantees Clause Samples
Binding Guarantees. After the issuance of a Guarantee Certificate with respect to a Disbursement or the endorsement of a Guarantee Legend on a Note or the issuance of a Guaranteed Note Certificate with respect to a Note or Note Series, the Guarantee with respect to such Disbursement or such Note or Note Series, as the case may be, shall be binding on Ex-Im Bank even though payment under such Note or any Serial Note of such Note Series is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05, and/or 4.06. Ex-Im Bank acknowledges and agrees that any Borrower’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3 shall not affect the binding nature of a Guarantee. Ex-Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.
Binding Guarantees. After the issuance of a Disbursement Approval with respect to a Disbursement, the Guarantee with respect to such Disbursement shall be binding on Ex-Im Bank even though payment under the relevant Debt Document is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05 and/or 4.06. Ex-Im Bank acknowledges and agrees that the binding nature of a Guarantee shall not be affected by any Borrower’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3. Ex-Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.
Binding Guarantees. After the issuance of a Guarantee Certificate with respect to a Disbursement or the delivery by the Agent of one or more Notices of IDC Disbursement to Ex- Im Bank or the endorsement of a Guarantee Legend on a Note or the issuance of a Guaranteed Note Certificate with respect to a Note or Note Series, the Guarantee with respect to such Disbursement or such Note or Note Series, as the case may be, shall be binding on Ex-Im Bank even though payment under such Note or any Serial Note of such Note Series is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05, and/or 4.06. Ex-Im Bank acknowledges and agrees that any Borrower’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3 shall not affect the binding nature of a Guarantee. Ex-Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.
Binding Guarantees. After the issuance of a Disbursement Approval with respect to a Disbursement, the Guarantee with respect to such Disbursement shall be binding on Ex-Im Bank even though payment under the relevant Note or Serial Note of such Note Series is held to be unenforceable, except to the extent provided in Sections 4.04, 4.05 and/or 4.06. Ex-Im Bank acknowledges and agrees that the binding nature of a Guarantee shall not be affected by any Borrower’s failure to comply with any of the Guarantee eligibility requirements set forth in Section 3. Ex-Im Bank reserves the right to pursue any or all other available remedies in the event of any such failure.