Common use of Local Costs Clause in Contracts

Local Costs. For each Credit, Ex-Im Bank will provide a Guarantee with respect to the financing of Local Cost Goods and Services only if specifically indicated in the relevant Ex-Im Bank Approval. The Guarantee of each such Credit shall only cover the Local Cost Goods and Services as approved by Ex-Im Bank as eligible for financing hereunder, described in the Acquisition List, and in an amount not to exceed the Local Cost Financed Portion.