EKN GUARANTEE Sample Clauses

EKN GUARANTEE. The Administrative Agent will promptly provide each Lender with a copy of the Administrative Agent's acceptance of EKN's offer pursuant to the EKN Undertaking to issue the EKN Guarantees and will: (a) upon and subject to the terms of: (i) the EKN General Conditions; and (ii) the EKN Undertaking, in respect of each Advance, promptly: (A) on behalf of the Lenders and to the extent it is reasonably able, submit the relevant application form to EKN for the issuance of an EKN Guarantee in respect of such Advance; and (B) effect payment of any premium payable to EKN pursuant to any EKN Guarantee for such Advance, notify each Lender when such payment is made and promptly provide a copy of such EKN Guaranty upon receipt by the Administrative Agent; and (b) promptly provide (prior to an Event of Default) to the Borrower and (at all times) to each Lender copies of any: (i) application referred to in clause (a)(A); and (ii) correspondence in which EKN takes or threatens to take any action referred to in Section 4.2, so long as it is permitted by Applicable Law and not prohibited from doing so by EKN.