ECA Guarantee definition

ECA Guarantee means the Buyer Credit Guarantee Agreement Bc 112-08 dated November 13, 2009 (and the General Conditions for Buyer Credit Guarantees dated March 1, 2004 annexed thereto) granted by ECA to and in favour of, among others, the Tranche A Lenders, in connection with, inter alia, the Finnvera Term Facility, as same may be amended, restated, supplemented, amended and restated or otherwise modified from time to time;
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ECA Guarantee means the Buyer Credit Guarantee Agreement Bc 112-08 dated November 13, 2009 (and the General Conditions for Buyer Credit Guarantees dated March 1, 2004 annexed thereto) granted by ECA to and in favour of, among others, the Tranche B Lenders, in connection with, inter alia, the Finnvera Facility B, as same may be amended, restated, supplemented, amended and restated or otherwise modified from time to time;
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ECA Guarantee means the guarantee for tied financial credits (G3 Garantie für gebundene Finanzkredite) issued by the ECA Guarantor in respect of the ECA Facility Agreement on 25 February 2011, as amended, novated and reinstated from time to time.
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Examples of ECA Guarantee in a sentence

  • Notwithstanding any provision in this Agreement to the contrary, the ECA Guarantee (as defined in Schedule “P”), any replacement guarantee or instrument delivered pursuant to the provisions of Section 8.3 of Schedule “P”, and all proceeds derived therefrom shall be for the sole benefit of the Finnvera Facility Lenders.

  • Neither the Finnvera Facility B Agent nor any of its directors, officers, employees or agents shall be responsible for any action taken or omitted to be taken by it or them under or in connection herewith (including, without limitation, the ECA Guarantee), except for its or their own gross negligence or wilful misconduct.

  • The Finnvera Facility B Agent shall not, by reason of this Agreement and/or the ECA Guarantee, be deemed to be a trustee for the benefit of any Tranche B Lender, the Borrower or any other Person and the Finnvera Facility B Agent’s duties under this Agreement and/or the ECA Guarantee are solely mechanical and administrative in nature.

  • The Debtors shall pay all interest, premiums and/or other fees (whether incurred prior to or after the Petition Date) due and payable to any Seadrill ECA (as defined in the Restructuring Support Agreement) under, and in accordance with, such Seadrill ECA’s respective Seadrill ECA Guarantee (as defined in the Restructuring Support Agreement) and the Prepetition Facility Documents.

  • The Guarantor acknowledges that upon payment by an ECA of amounts due and payable by the Borrower under the Facility Agreement or the Guarantor under this Guarantee, in accordance with the provisions of the relevant ECA Guarantee, the relevant ECA shall (where applicable) have the right to be subrogated to the rights of the Lenders against the Borrower or the Guarantor (as the case may be) in accordance with the relevant ECA Documents.

  • The Finnvera Facility Agent shall not, by reason of the Credit Agreement and/or the ECA Guarantee, be deemed to be a trustee for the benefit of any Tranche A Lender, the Borrower or any other Person and the Finnvera Facility Agent’s duties under this Schedule P and/or the ECA Guarantee are solely mechanical and administrative in nature.

  • Neither the Finnvera Facility Agent nor any of its directors, officers, employees or agents shall be responsible for any action taken or omitted to be taken by it or them under or in connection with the Credit Agreement (including, without limitation, the ECA Guarantee), except for its or their own gross negligence or wilful misconduct.

  • To the extent that Finnvera charges any handling or administration fees in connection with the Finnvera Facility B (the “Finnvera Handling Fee”), the Borrower shall pay to the Finnvera Facility B Agent, for the account of Finnvera, the Finnvera Handling Fee in accordance with the terms and conditions of the ECA Guarantee.


More Definitions of ECA Guarantee

ECA Guarantee means any guarantee granted or insurance policy issued by an ECA under which such ECA has agreed to provide cover to an ECA Covered Lender under and in connection with each relevant obligor's obligations under one or more of the Prepetition Credit Agreements, in each case, in accordance with the general terms and conditions of that guarantee or insurance policy (whether through an agent or otherwise).
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Related to ECA Guarantee

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • Guarantee means a guarantee (other than by endorsement of negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness or other obligations.

  • Subsidiary Guarantee means a Guarantee by a Subsidiary Guarantor of the Company’s obligations with respect to the Securities.

  • Parent Guarantee means the guarantee by the Parent of the Company’s obligations with respect to the Notes.

  • Canadian Guarantee means the Canadian Guarantee Agreement, made by each of the Canadian Guarantors in favor of the Canadian Administrative Agent for the benefit of the Lenders to the Canadian Borrower, substantially in the form of Exhibit A-1, as the same may be amended, supplemented or otherwise modified from time to time.