Common use of Instructions from SACE and SIMEST Clause in Contracts

Instructions from SACE and SIMEST. (a) The Parties acknowledge and agree that, in accordance with the terms of the ECA Cover Document and the IMUA, SACE and SIMEST may, at any time, instruct a Finance Party (whether directly or by notice to the Agent) to suspend or to cease to perform any or all of its obligations under this Agreement or any other Finance Document. That Finance Party will be required to comply with any such instruction. Each Party agrees that it will not hold any Finance Party responsible for complying with any such instruction. (b) Each Obligor acknowledges and agrees that: (i) a Finance Party may be required to exercise, or to refrain from exercising, its rights, powers, authorities and discretions under, and performing its obligations under, or in connection with, this Agreement or any other Finance Document, in accordance with any instructions given to it by SACE and SIMEST in accordance with the provisions of the ECA Cover Document and the IMUA; and (ii) a Finance Party will not be acting or making any determination unreasonably if such action or such determination is made in accordance with the ECA Cover Document and the IMUA or any instructions given to it by SACE and SIMEST in accordance with the provisions of the ECA Cover Document and the IMUA.