Examples of Export Credit Agreement in a sentence
The Borrowers, any other Loan Parties party thereto, and the Lender are parties to an Export Credit Agreement dated as of December 17, 2018 (as amended and as it may be further amended or modified from time to time, the “Credit Agreement”).
Based on the OECD Export Credit Agreement definition, the average grant element of these loans is 18 percent, while aMost of China’s infrastructure finance for Africa in 2001–07 was divided fairly evenly between two main sectors: power (especially hydropower) and transport (especially railroads), followed by telecommunications (mainly equipment supply).
In the event of a conflict between this Agreement, on one hand, and the Export Credit Agreement, on the other, the provisions more restrictive upon the U.S. Borrower shall control.
Except as expressly provided in the Export Credit Agreement, U.S. Borrower expressly waives presentment, demand, protest and notice of any kind.
In terms of the Export Credit Agreement concluded between the government and the ECIC, the corporation was mandated by government to enter into contracts of insurance with or for the benefit of persons carrying on business in South Africa in the course of trade with countries outside South Africa, primarily for medium-term and long-term export credit and investment insurance.
If this Note shall not be paid at maturity, whether such maturity occurs by reason of lapse of time or by operation of any provision for acceleration of maturity contained in the Export Credit Agreement, the principal hereof and the unpaid interest thereon shall bear interest, until paid, at a rate per annum equal to the Default Rate.
The increase includes the following: Drawings of $30.0 million from the corporate debt facility to fund capital expenditure on the Maules Creek development. New finance leases of $56.8 million to fund expansion equipment at Werris Creek. Finance lease repayments of $10.8 million. Repayments of $4.1 million in relation to the Export Credit Agreement (“ECA”) finance facility.
Reference is made to the Export Credit Agreement for a description of the right of the undersigned to anticipate payments hereof, the right of the holder hereof to declare this Note due prior to its stated maturity, and other terms and conditions upon which this Note is issued.
The principal sum of U.S. Base Rate Loans under the Export Credit Agreement, and payments of principal of any thereof, shall be shown on the records of Bank by such method as Bank may generally employ; provided, however, that failure to make any such entry shall in no way detract from U.S. Borrower's obligations under this Note.
Mon Valley Works Endless Casting and Rolling ProjectOn April 12, 2021, United States Steel Corporation entered into a Notice and Acknowledgement with the Export Credit Agreement (ECA) lender, facility agent and ECA agent, KFW IPEX-BANK GMBH to acknowledge that the previously announced endless casting and rolling project at Mon Valley Works would no longer be pursued and the associated equipment for the project is now being evaluated for other uses.