Common use of Payments under Ex-Im Bank Guarantee Clause in Contracts

Payments under Ex-Im Bank Guarantee. If Ex-Im Bank shall have received a demand for payment under the Ex-Im Bank Guarantee, and Ex-Im Bank shall not have been reimbursed in full on the same Banking Day of the date of demand, Ex-Im Bank may thereafter exercise any of the rights and remedies granted to it for exercise after an Event of Default under the Lease, the Sublease or this Guaranteed Loan Agreement.

Appears in 2 contracts

Samples: Guaranteed Loan Agreement (Copa Holdings, S.A.), Guaranteed Loan Agreement (Copa Holdings, S.A.)

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Payments under Ex-Im Bank Guarantee. If Ex-Im Bank shall have received a demand for payment under the Ex-Im Bank Guarantee, and Ex-Im Bank shall not have been reimbursed in full on the same Banking Business Day of the date of demand, Ex-Im Bank may (without prejudice to any rights it may have to take any such action prior to the date of such demand) thereafter exercise any of the rights and remedies granted to it for exercise after an Event of Default under the any Lease, any Security Document the Sublease GATX Guarantee or this Guaranteed Loan Agreement.

Appears in 1 contract

Samples: Loan Agreement (Gatx Financial Corp)

Payments under Ex-Im Bank Guarantee. If Ex-Im Bank shall have received a demand for made any payment under the Ex-Im Bank Guarantee, and no Lessee and/or no Guarantor shall have reimbursed Ex-Im Bank shall not have been reimbursed in full on the same Banking Business Day of the date of demanddemand under Section 26(a), Ex-Im Bank may thereafter exercise any of the rights and remedies granted to it for exercise after an a Lease Event of Default under the Lease, applicable Leases in accordance with the Sublease or this Guaranteed Loan Agreementterms of the Operative Documents and/or Applicable Law.

Appears in 1 contract

Samples: Participation Agreement (Gatx Corp)

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Payments under Ex-Im Bank Guarantee. If Ex-Im Bank shall have received a demand for payment under the Ex-Im Bank Guarantee, and Ex-Im Bank shall not have been reimbursed in full on the same Banking Business Day of the date of demand, Ex-Im Bank may (without prejudice to any rights it may have to take any such action prior to the date of such demand) thereafter exercise any of the rights and remedies granted to it for exercise after an Event of Default under the any Lease, any Security Document the Sublease GATX Guarantee or this Guaranteed Loan Agreement. SECTION 5.

Appears in 1 contract

Samples: Loan Agreement

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