Common use of Coverage of the Guarantee Clause in Contracts

Coverage of the Guarantee. The Guarantee for each Credit shall extend to the following amounts (collectively, the “Guaranteed Amount”): (a) with respect to the full Credit, either (i) that portion of the disbursed and outstanding principal amount of each Note that evidences Disbursements with respect to which Ex-Im Bank has issued one or more Guarantee Certificates; or (ii) the disbursed and outstanding principal amount of either (A) each Note which bears a Guarantee Legend or (B) each Note or Note Series with respect to which Ex- Im Bank has issued a Guaranteed Note Certificate; provided that in no event shall the liability of Ex-Im Bank under this Section 4.02(a) with respect to any Notes or Note Series pertaining to the Credit exceed the Total Financed Amount for such Credit; (b) interest on the principal amounts described in Section 4.02(a) above, accrued at the Guaranteed Interest Rate to the scheduled payment dates thereof; and (c) interest on any due and unpaid amounts described in Sections 4.02(a) and 4.02(b) above, accrued at the Guaranteed Interest Rate from the scheduled payment dates thereof to the date of Ex-Im Bank’s payment thereof.

Appears in 2 contracts

Samples: Master Guarantee Agreement, Master Guarantee Agreement

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Coverage of the Guarantee. The Political Risk Guarantee for each Credit shall extend to the following amounts (collectively, the “Guaranteed Amount”): (a) with respect to the full Credit, either (i) that portion of the disbursed and outstanding principal amount of each Note that evidences Disbursements with respect to which Ex-Im Bank has issued one or more Guarantee Certificates; or (ii) the disbursed and outstanding principal amount of either either (A) each Note which bears hears a Guarantee Legend or (B) each Note or Note Series with respect to which Ex- Im Ex-Im Bank has issued a Guaranteed Note Certificate; provided that in no event shall the liability of Ex-Im Bank under this Section 4.02(a4.07(a) with respect to any Notes or Note Series pertaining to the Credit exceed the Total Financed Amount for such Credit; (b) interest on the principal amounts described in Section 4.02(a4.07(a) above, accrued at the Guaranteed Interest Rate to the scheduled payment dates thereof; and (c) interest on any due and unpaid amounts described in Sections 4.02(a4.07(a) and 4.02(b(b) above, accrued at the Guaranteed Interest Rate from the relevant scheduled payment dates thereof to the date dates of Ex-Im Bank’s payment thereof.

Appears in 1 contract

Samples: Master Guarantee Agreement

Coverage of the Guarantee. The Comprehensive Guarantee for each Approved Credit shall extend to the Comprehensive Guarantee Percentage of the following amounts (collectively, the “Comprehensive Guaranteed Amount”), and the Political Risk Guarantee for each Approved Credit shall extend to the Political Risk Guarantee Percentage of the following amounts (collectively, the “Political Risk Guaranteed Amount”): (a) with respect to the full Approved Credit, either (i) that portion of the disbursed and outstanding principal amount of each Note Debt Document that evidences Disbursements with respect to which Ex-Im Bank has issued one or more Guarantee Certificates; or (ii) the disbursed and outstanding principal amount of either (A) each Note which bears a Guarantee Legend or (B) each Note or Note Series with respect to which Ex- Im Bank has issued a Guaranteed Note Certificate; provided that Disbursement Approvals, provided, that, in no event shall the liability of Ex-Im Bank under this Section 4.02(a) with respect to any Notes or Note Series pertaining to the Credit Debt Document exceed the Total Financed Amount for such Approved Credit; (b) interest on the principal amounts described in Section 4.02(a) above, accrued at the Guaranteed Interest Rate to the scheduled payment dates thereof; and (c) interest on any due and unpaid amounts described in Sections 4.02(a) and 4.02(b) above, accrued at the Guaranteed Interest Rate from the scheduled payment dates thereof to the date of payment thereof by Ex-Im Bank’s payment thereof.

Appears in 1 contract

Samples: Master Guarantee Agreement

Coverage of the Guarantee. The Guarantee for each Credit shall extend to the following amounts (collectively, the “Guaranteed Amount”): (a) with respect to the full Credit, either (i) that portion of the disbursed and outstanding principal amount of each Note that evidences Disbursements with respect to which which (A) Ex-Im Bank has issued one or more Guarantee CertificatesCertificates or (B) in the case of IDC Disbursements, the Agent has delivered one or more Notices of IDC Disbursement to Ex-Im Bank; or (ii) the disbursed and outstanding principal amount of either either (A) each Note which bears a Guarantee Legend or (B) each Note or Note Series with respect to which Ex- Im Ex-Im Bank has issued a Guaranteed Note Certificate; provided that in no event shall the liability of Ex-Im Bank under this Section 4.02(a) with respect to any Notes or Note Series pertaining to the Credit exceed the Total Financed Amount for such Credit; (b) interest on the principal amounts described in Section 4.02(a) above, accrued at the Guaranteed Interest Rate to the scheduled payment dates thereof; and (c) interest on any due and unpaid amounts described in Sections 4.02(a) and 4.02(b) above, accrued at the Guaranteed Interest Rate from the scheduled payment dates thereof to the date of Ex-Im Bank’s payment thereof.

Appears in 1 contract

Samples: Master Guarantee Agreement

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Coverage of the Guarantee. The Guarantee for each Credit shall extend to the following amounts (collectively, the “Guaranteed Amount”): (a) with respect to the full Credit, either (i) that portion of the disbursed and outstanding principal amount of each Note that evidences Disbursements with respect to which Ex-Im Bank has issued one or more Guarantee Certificates; or (ii) the disbursed and outstanding principal amount of either either (A) each Note which bears a Guarantee Legend or (B) each Note or Note Series with respect to which Ex- Im Bank has issued a Guaranteed Note Certificate; provided that in no event shall the liability of Ex-Im Bank under this Section 4.02(a) with respect to any Notes or Note Series pertaining to the Credit exceed the Total Financed Amount for such Credit; (b) interest on the principal amounts described in Section 4.02(a) above, accrued at the Guaranteed Interest Rate to the scheduled payment dates thereof; and (c) interest on any due and unpaid amounts described in Sections 4.02(a) and 4.02(b) above, accrued at the Guaranteed Interest Rate from the scheduled payment dates thereof to the date of Ex-Im Bank’s payment thereof.

Appears in 1 contract

Samples: Master Guarantee Agreement

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