Exim Direction Sample Clauses
The Exim Direction clause establishes the authority and instructions for the export or import (exim) of goods or services under a contract. It typically specifies which party is responsible for handling export or import documentation, compliance with relevant laws, and the logistics of moving goods across borders. For example, it may require the seller to obtain export licenses or the buyer to arrange for import clearance. This clause ensures that both parties understand their respective obligations in cross-border transactions, thereby reducing the risk of delays, legal issues, or misunderstandings related to international trade compliance.
Exim Direction. Upon the occurrence of an Event of Default, EXIM Bank shall have right to (i) direct Bank to exercise the remedies specified in Section 9.1 hereof and (ii) request that Bank accelerate the maturity of any other loans to Borrower.
Exim Direction. Upon the occurrence of an Event of Default, Exim Bank -------------- shall have a right to: (i) direct Bank to exercise the remedies specified in Section 9.1 and (ii) request that Bank accelerate the maturity of any other loans to Borrower as to which Bank has a right to accelerate.
Exim Direction. Upon the occurrence and during the continuance of an Event of Default, Exim Bank shall have right to (i) direct Bank to exercise the remedies specified in Section 9.1 and (ii) request that Bank accelerate the maturity of any other loans to Borrower. Exim Notification. Bank has the right to immediately notify Exim Bank in writing if it has knowledge of any of the following events: (1) any failure to pay any amount due under this Agreement; (2) the Borrowing Base is less than the sum of the outstanding Credit Extensions; (3) any failure to pay when due any amount payable to Bank under any loan owing by Borrower to Bank; (4) the filing of an action for debtor's relief by, against or on behalf of Borrower; (5) any threatened or pending material litigation against Borrower, or any dispute involving Borrower. If Bank sends a notice to Exim Bank, Bank has the right to send Exim Bank a written report on the status of events covered by the notice every 30 days after the date of the original notification, until Bank files a claim with Exim Bank or the defaults have been cured (but no Advances may be required during the cure period unless Exim Bank gives its written approval). If directed by Exim Bank, Bank will have the right to exercise any rights it may have against the Borrower to demand the immediate repayment of all amount outstandings under the Exim Loan Documents.
Exim Direction. Upon the occurrence and during the continuance of an Event of Default, Exim Bank shall have right to (i) direct Silicon to exercise the remedies specified in Section 7.2 and (ii) request that Silicon accelerate the maturity of any other loans to Borrower.