Common use of Request for Ex-Im Bank Approval Clause in Contracts

Request for Ex-Im Bank Approval. Ex-Im Bank will consider approval of a Guarantee with respect to each proposed financing transaction for which the Lender has submitted (i) a fully completed application in the form of Annex A hereto (a “Request for Ex-Im Bank Approval”); and (ii) a fully completed Ex-Im Bank “Preliminary Commitment and Final Commitment Application Form” (an “Ex-Im Bank Application”); provided that such proposed financing transaction satisfies the terms and conditions provided herein, including, without limitation, the Guarantee eligibility requirements set forth in Section 3. The Lender may only request a Comprehensive Guarantee with respect to a proposed financing of a Foreign Currency Credit if the Lender and Ex-Im Bank have entered into an MGA Foreign Currency Supplement and all conditions to the effectiveness of this Agreement and such supplement have been satisfied. The Lender may only request approval of a Political Risk Guarantee with respect to a proposed financing of a Buyer Credit if the Lender and Ex-Im Bank have entered into an MGA Political Risk Supplement and all conditions to the effectiveness of this Agreement and such supplement have been satisfied.

Request for Ex-Im Bank Approval. Ex-Im Bank will consider approval of a Guarantee with respect to each proposed financing transaction for which the Lender Agent has submitted submitted (i) a fully completed application in the form of Annex A hereto (a “Request for Ex-Im Bank Approval”); and (ii) a fully completed Ex-Im Bank “Preliminary Commitment and Final Commitment Application Form” (an “Ex-Im Bank Application”); provided that such proposed financing transaction satisfies the terms and conditions provided herein, including, without limitation, the Guarantee eligibility requirements set forth in Section 3. The Lender Agent may only request a Comprehensive Guarantee with respect to a proposed financing of a Foreign Currency foreign currency Buyer Credit if the Lender Agent and Ex-Im Bank have entered into an MGA Foreign Currency Supplement and all conditions to the effectiveness of this Agreement and such supplement have been satisfied. The Lender Agent may only request approval of a Political Risk Guarantee with respect to a proposed financing of a Buyer Credit if the Lender Agent and Ex-Im Bank have entered into an MGA Political Risk Supplement and all conditions to the effectiveness of this Agreement and such supplement have been satisfied.