EDC Guarantee definition

EDC Guarantee means the guarantee provided by EDC under their export guarantee program which guarantee is in full force and effect with a scheduled maturity date more than 45 days after the date of the first Request for Advance submitted for a Guaranteed Contract for which no previous Request for Advance was submitted.

EDC Guarantee means the Performance Security Guarantee Issuance and Indemnity Agreement dated as of December 15, 2014 between the Corporation and Export Development Canada, as amended, modified or supplemented from time to time.

EDC Guarantee means the guarantee by Her Majesty in Right of Canada (or its agent, Export Development Canada) in favour of the administrative agent and the lenders under the Covered Credit Agreement.

Examples of EDC Guarantee in a sentence

• The EDC Guarantee fee, calculated at 3.15% on the guaranteed balance outstanding, is payable quarterly in advance commencing on the May 22, 2020 acceptance date.

• As a result of this investment, the aggregate liability of the EDC Guarantors under the EDC Guarantee was reduced to $5.05 million, and Burcon's maximum liability under the EDC Indemnity Agreement has been reduced to $2.24 million.Following the investment by Bunge in Merit Foods in October 2021, Bunge's interest in Merit Foods increased from 25.0% to 28.9% and Burcon's interest in Merit Foods decreased from 33.3% to 31.6%.

• The Purchaser shall renew and/or extend each EDC Guarantee not less than 15 days prior to the termination date thereof and shall provide the Lender with written notice upon each such renewal and/or extension confirming the same.

• The obligations of Burcon and the EDC Guarantors shall terminate upon the termination or release by EDC of the EDC Guarantors' obligations under the EDC Guarantee.

• FSG-05-040487E-000 (collectively, the "Current EDC Guarantees") together with each other EDC Guarantee in substantially similar form to the Current EDC Guarantees, (b) the Agent accepting Export Development Canada's offers with respect thereto, and (c) the Agent providing Export Development Canada with notice of any amendments made to the Credit Agreement (which notice is required pursuant to the terms of a Current EDC Guarantee).

More Definitions of EDC Guarantee

EDC Guarantee means an Export Development Canada financial security guarantee in respect of one or more Letters of Credit, in form and substance satisfactory to the Agent;

EDC Guarantee means a guarantee made by EDC in favour of the LC Lender and related certificate of cover issued by EDC to the LC Lender, each in form and substance satisfactory to the LC Lender, with respect to any Letter of Credit issued by the LC Lender under the LC Facility, as such guarantees and certificates of cover may be amended, restated, supplemented or otherwise modified from time to time.

EDC Guarantee means the Account Performance Security Guarantee - Certificate of Cover dated June 27, 2011 by and among Export Development Canada and JPMorgan Chase Bank, N.A., as amended and replaced by the Account Performance Security Guarantee – Certificate of Cover dated November 30, 2011 among the foregoing parties, including any amendments or renewals thereof on terms acceptable to the Agent.

EDC Guarantee means the Export Guarantee Program (EGP) guarantee dated as of the date hereof, as amended, modified, supplemented, replaced or renewed from time to time, issued by EDC to Lender, guaranteeing 75% of the payment and performance of Borrower’s obligations to the Lender in connection with the Contract Revolver Facility, up to a maximum amount of U.S.$22,500,000.

EDC Guarantee has the meaning attributed thereto in paragraph (a.1) of the definition of Permitted Debt.

EDC Guarantee means a guarantee made by EDC in favour of the LC Lender and related certificate of cover issued by EDC to the LC Lender, each in form and substance satisfactory to the LC Lender, with respect to any Letter of Credit issued by the LC Lender under the LC Facility, as such guarantees and certificates of cover may be amended, restated, supplemented or otherwise modified from time to time. For greater certainty, no EDC Guarantee will be issued in respect of a Letter of Credit issued under the Revolving Facilities.

EDC Guarantee means the guarantee in the initial amount of U.S.$5,000,000 from Export Development Canada in respect of the SBLC Facility, granted to the Agent, for and on behalf of the Lenders, as increased from time to time (for certainty, including pursuant to the EDC Amendment).