Export Credit Agencies definition
Examples of Export Credit Agencies in a sentence
The introduction of an Alternate Head Lessee is subject to the prior approval of the Arranger and the Export Credit Agencies in their absolute discretion.
The Head Lessee shall indemnify each Indemnitee for all costs and expenses and, in the case of the ECA Administrative Parties and the Export Credit Agencies, Management Time Expenses reasonably incurred by that Indemnitee as a result of any step taken by it under this Clause 19 (including the transfer by an ECA Lender of its Facility Office or of its rights and obligations under the Transaction Documents).
The premium to be paid up-front by the Buyer to the Export Credit Agencies in respect of the Facility shall be decided by the Export Credit Agencies.
The Arranger shall, at the request of the Guarantor, provide all reasonable assistance to the Guarantor in any application it makes to the Export Credit Agencies for approval of the financing of any aircraft which is the subject of either Aircraft Purchase Agreement which is not an Aircraft or an Eligible Aircraft.
Any non-application of the cross-collateralisation arrangements referred to in Clause 11.1 shall be subject to the approval of the Arranger and each Export Credit Agency (acting in their absolute discretion) and subject to such conditions as the Arranger and the Export Credit Agencies may attach thereto.
In the absence of such instructions, and within a reasonable period of time following written request from the relevant ECA Administrative Party, such ECA Administrative Party may act as it considers to be in the best interests of all the relevant Finance Parties and the Export Credit Agencies subject always to the ECA Support Arrangements.
Each of the Obligors hereby acknowledges and accepts that, under the Support Agreement, the Export Credit Agencies have certain rights to require the ECA Finance Parties to act, or to omit to act, in accordance with the instructions of the Export Credit Agencies.
Subject to the Export Credit Agencies’ prior approval, the Net Aircraft Price may include Buyer Furnished Equipment installed on the Relevant Aircraft in an amount agreed by the Export Credit Agencies.
As requested by the Export Credit Agencies, the Buyer shall provide the Seller with a declaration signed by the selected Engine Manufacturer, indicating the total amount of the credit memoranda made available to the Buyer with respect to the Engines installed on the relevant Aircraft.
The premium payable is expressed as a percentage of the amount of the Facility granted by the Export Credit Agencies.