Examples of ECA Lenders in a sentence
All moneys to be paid or distributed by the ECA Agent or the Security Trustee to the relevant ECA Lenders in respect of any ECA Loan under this Agreement or any other Transaction Document may be effected by payment to each National Agent for the account of the relevant ECA Lenders in its National Syndicate of its portion of the amount so to be paid or distributed.
The ECA Agent shall not, however, have any duties, obligations or liabilities to the ECA Lenders or the National Agents beyond those expressly stated in this Agreement and the other Transaction Documents.
Each payment so received by the National Agents shall (unless otherwise agreed by that National Agent and the relevant ECA Lenders in its National Syndicate to the contrary) be distributed between the relevant ECA Lenders in its National Syndicate in accordance with their respective Contributions.
Subject to the terms and conditions of this Agreement and in reliance on the representations and warranties of each Lessee and each Borrower set out in clause 4, the ECA Lenders hereby grant and undertake to make available to the Borrowers a loan facility in the principal amount of up to the ECA Facility Amount as ECA Loans.
In addition, certain sums released from the reserve accounts that previously were part of the collateral package for the Long-Term Loans from the ECA Lenders were used to liquidate the debt.
Each payment so received by the National Agent shall (unless otherwise agreed by the National Agent and the relevant ECA Lenders or ECGD (as applicable) to the contrary) be distributed between the relevant ECA Lenders in accordance with their respective Contributions or to ECGD (as applicable).
In the event that the National Agent gives any notice or consent or, in the circumstances contemplated by clause 15.5, fails to give any notice or consent, the ECA Agent and the Security Trustee shall be entitled (and bound) to assume that that notice or consent has been given or, as the case may be, failed to have been given by all the ECA Lenders.
The Debtors and the ECA Lenders have reached an agreement, subject to definitive documentation, regarding the terms of a bespoke transaction to compromise the Claims against the ECA Debtors arising under and relating to the ECA Exiting Financing Arrangements, as reflected by the ECA Facilities Term Sheet attached to the Restructuring Support Agreement as Exhibit N.
The ECA Agent shall not have any duty or responsibility, either initially or on a continuing basis, to provide the ECA Lenders with any credit or other information with respect to any Obligor or any other party to the Transaction Documents whether coming into its possession before the making of the relevant ECA Loan or at any time or times thereafter, other than as provided in clauses 16.3.1 and 16.
Each of the parties to this Agreement acknowledges and agrees that wherever in this Agreement the Security Trustee is expressed to take any action, or make any determination, it shall take such action and make such determination at the direction of the ECA Agent acting on the instructions of all of the ECA Lenders or, where specified the Majority Lenders.