Common use of Export Credit Agency payment rights Clause in Contracts

Export Credit Agency payment rights. The Parties agree that the following clauses shall be applicable to any payments made or to be made by the Transaction Obligor to the Export Credit Agency under or in connection with this Agreement and/or pursuant to any subrogation referred to in Clause 27.1 (Subrogation), except for the obligations and restrictions imposed on any Finance Party under such Clauses, which obligations and restrictions shall not apply to the Export Credit Agency: (a) Clause 8.5 (Default Interest) (b) Clause 12.2 (Tax gross-up) and, for the purposes of this Clause, the Export Credit Agency shall be deemed a Protected Party and any reference to "Lender" of "Finance Party" shall be references to the Export Credit Agency; (c) Paragraphs (a) and (b) of Clause 12.3 (Tax indemnity) and, for the purposes of this Clause, the Export Credit Agency shall be deemed a Protected Party; (d) Clause 12.6 (VAT) as if any reference to Finance Party therein was a reference to the Export Credit Agency; and (e) Clause 14.1 (Currency Indemnity).