Common use of Ex-Im Bank Approval Clause in Contracts

Ex-Im Bank Approval. The Ex-Im Bank Approval with respect to such Credit must continue to be in full force and effect (a) in the case of a Reimbursement or Direct Disbursement, on the relevant Disbursement Date or (b) in the case of an L/C Payment, on the date of the issuance of the relevant Letter of Credit.

Ex-Im Bank Approval. The fully executed Ex-Im Bank Approval with respect to such Credit must continue to shall be in full force and effect (ai) in the case of a Reimbursement or Direct Disbursement, on the relevant Disbursement Date or (bii) in the case of an L/C Payment, on the date of the issuance of the relevant Letter of Credit.