Common use of Exim Guaranty Clause in Contracts

Exim Guaranty. Prior to the first disbursement of any Loans hereunder, Borrower shall cause the Export Import Bank of the United States (the "Exim Bank") to guarantee the Loans made under this Agreement, pursuant to a Master Guarantee Agreement, Loan Authorization Agreement and (to the extent applicable) Delegated Authority Letter Agreement (collectively, the "Exim Guaranty"), and Borrower shall cause the Exim Guaranty to be in full force and effect throughout the term of this Agreement and so long as any Loans hereunder are outstanding. If, for any reason, the Exim Guaranty shall cease to be in full force and effect, or if the Exim Bank declares the Exim Guaranty void or revokes any obligations thereunder or denies liability thereunder, any such event shall constitute an Event of Default under this Agreement. Nothing in any confidentiality agreement in this Agreement or in any other agreement shall restrict Silicon's right to make disclosures and provide information to the Exim Bank in connection with the Exim Guaranty.

Appears in 5 contracts

Samples: Loan and Security Agreement (Tegal Corp /De/), Invision Technologies Inc, Loan and Security Agreement (P Com Inc)

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Exim Guaranty. Prior to the first disbursement of any Loans hereunder, Borrower shall cause the Export Import Bank of the United States (the "Exim Bank") to guarantee the Loans made under this Agreement, pursuant to a Master Guarantee Agreement, Loan Authorization Agreement and (to the extent applicable) Delegated Authority Letter Agreement (collectively, the "Exim Guaranty"), and Borrower shall cause the Exim Guaranty to be in full force and effect throughout the term of this Agreement and so long as any Loans hereunder are outstanding. If, for any reason, the Exim Guaranty shall cease to be in full force and effect, or if the Exim Bank declares the Exim Guaranty void or revokes any obligations thereunder or denies liability thereunder, any such event shall constitute an Event of Default under this Agreement. Nothing in any confidentiality agreement in this Agreement or in any other agreement shall restrict Silicon's ’s right to make disclosures and provide information to the Exim Bank in connection with the Exim Guaranty.

Appears in 3 contracts

Samples: Loan and Security Agreement (Applied Precision, Inc.), Security Agreement (Endocardial Solutions Inc), Loan and Security Agreement (Maxwell Technologies Inc)

Exim Guaranty. Prior to the first disbursement of any Loans hereunder, Borrower shall cause the Export Import Bank of the United States (the "Exim Bank") to guarantee the Loans made under this Agreement, pursuant to a Master Guarantee Agreement, Loan Authorization Agreement and (to the extent applicable) Delegated Authority Letter Agreement (collectively, the "Exim Guaranty"), and Borrower shall cause the Exim Guaranty to be in full force and effect throughout the term of this Agreement and so long as any Loans hereunder are outstanding. If, for any reason, the Exim Guaranty shall cease to be in full force and effect, or of if the Exim Bank declares the Exim Guaranty void or revokes any obligations thereunder or denies liability thereunder, any such event shall constitute an Event of Default under this Agreement. Nothing in any confidentiality agreement in this Agreement or in any other agreement shall restrict Silicon's right to make disclosures and provide information to the Exim Bank in connection with the Exim Guaranty.

Appears in 3 contracts

Samples: Loan and Security Agreement (Genus Inc), Loan and Security Agreement (Viseon Inc), Loan and Security Agreement (Zhone Technologies Inc)

Exim Guaranty. Prior to the first disbursement of any Loans Credit Extension hereunder, Borrower shall cause the Export Import Bank of the United States (the "Exim Bank") to guarantee the Loans Credit Extensions made under this Agreement, pursuant to a Master Guarantee Agreement, Loan Authorization Agreement and (to the extent applicable) Delegated Authority Letter Agreement or Fast Track Lender Agreement (collectively, the "Exim Guaranty"), and Borrower shall cause the Exim Guaranty to be in full force and effect throughout the term of this Agreement and so long as any Loans Credit Extensions hereunder are outstanding. If, for any reason, the Exim Guaranty shall cease to be in full force and effect, or if the Exim Bank declares in writing the Exim Guaranty void or revokes in writing any obligations thereunder or denies in writing liability thereunder, or if Borrower takes or permits any action that could reasonably be expected to cause the Exim Guarantee to not be in full force and effect, any such event shall constitute an Event of Default under this Agreement. Nothing in any confidentiality agreement in this Agreement or in any other agreement shall restrict Silicon's Bank’s right to make disclosures and provide information to the Exim Bank in connection with the Exim Guaranty. Bank shall have the right to take all actions required or authorized in the Exim Guaranty.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Zhone Technologies Inc)

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Exim Guaranty. Prior to the first disbursement of any Loans hereunder, Borrower shall cause the Export Import Bank of the United States (the "Exim Bank") to guarantee the Loans made under this Agreement, pursuant to a Master Guarantee Agreement, Loan Authorization Agreement and (to the extent applicable) Delegated Authority Letter Agreement (collectively, the "Exim Guaranty"), and Borrower shall cause the Exim Guaranty to be in full force and effect throughout the term of this Agreement and so long as any Loans hereunder are outstanding. If, for any reason, the Exim Guaranty shall cease to be in full force and effect, or of if the Exim Bank declares the Exim Guaranty void or revokes any obligations thereunder or denies liability thereunder, any such event shall constitute an Event of Default under this Agreement. Nothing in any confidentiality agreement in this Agreement or in any other agreement shall restrict Silicon's ’s right to make disclosures and provide information to the Exim Bank in connection with the Exim Guaranty.

Appears in 1 contract

Samples: Loan and Security Agreement (Unify Corp)

Exim Guaranty. Prior to the first disbursement of any Loans Credit Extension hereunder, Borrower shall cause the Export Import Bank of the United States (the "Exim Bank") to guarantee the Loans Credit Extensions made under this Agreement, pursuant to a Master Guarantee Agreement, Loan Authorization Agreement and (to the extent applicable) Delegated Authority Letter Agreement or Fast Track Lender Agreement (collectively, the "Exim Guaranty"), and Borrower shall cause the Exim Guaranty to be in full force and effect throughout the term of this Agreement and so long as any Loans Credit Extensions hereunder are outstanding. If, for any reason, the Exim Guaranty shall cease to be in full force and effect, or if the Exim Bank declares the Exim Guaranty void or revokes any obligations thereunder or denies liability thereunder, or if Borrower takes or permits any action that could be expected to cause, the EXIM Guarantee to not be in full force and effect, any such event shall constitute an Event of Default under this Agreement. Nothing in any confidentiality agreement in this Agreement or in any other agreement shall restrict SiliconBank's right to make disclosures and provide information to the Exim Bank in connection with the Exim Guaranty. Bank shall have the right to take all actions required or authorized in the Exim Guaranty.

Appears in 1 contract

Samples: Loan and Security Agreement (Strasbaugh)

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