ECA Premium definition

ECA Premium means the amounts due to the Export Credit Agency as premium pursuant to the ECA Cover Document.

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ECA Premium means, in respect of any Export Credit Agency and any ECA Loan, the fee which is payable to that Export Credit Agency in consideration for that Export Credit Agency guaranteeing, insuring or otherwise covering the relevant participation of the British Lenders, the French Lenders and the German Lenders respectively in that ECA Loan;

ECA Premium means the fee payable to the ECA by the Off Shore Facility Agent pursuant to the ECA Cover Documents and by the Equipment Vendor pursuant to any additional cover granted by the ECA to the Equipment Vendor in connection with the Delivery Contract.

Examples of ECA Premium in a sentence

• Any prepayment of a Loan pursuant to Clause 7.6 (ECA Premium refund) and Clause 7.10 (Voluntary prepayment of Loans) shall be applied pro rata to each Lender's participation in that Loan and shall satisfy the obligations under Clause 6.1 (Repayment of Loans) in inverse chronological order.

• The Lenders shall not be under any obligation to lend any Loan to the Borrower unless the full amount of the relevant portion of the ECA Premium has been paid in accordance with this Agreement and the ECA Cover Document.

• If all or any part of the upfront portion of the ECA Premium A is not paid by the Borrower to the Finnvera Facility Agent, for the account of Finnvera, prior to the requested date of the initial Tranche A Advance after the Closing Date (the “Outstanding ECA Premium A”), the Finnvera Facility Agent shall deduct the Outstanding ECA Premium A from the proceeds of the initial Tranche A Advance after the Closing Date and remit same to Finnvera concurrently therewith.

• This is to confirm that we have effected the payment of ECA Premium in the amount of Euro [-] to the ECA on [insert date] in accordance with the invoice issued by the ECA on [-], a copy of which is enclosed herewith.

• The Borrower shall pay or reimburse the Off Shore Facility Agent and/or the Equipment Vendor for payment of any ECA Premium to the ECA.

• The Borrower in relation to an Aircraft agrees with the Lessee of that Aircraft that it will pay the ECA Premium for the ECA Loan for that Aircraft to the National Agents respectively as soon as reasonably practicable following the receipt by that Borrower of the full amount of the Initial Rent under (and as defined in) the Lease for that Aircraft.

• If all or any part of the upfront portion of the ECA Premium B is not paid by the Borrower to the Finnvera Facility B Agent, for the account of Finnvera, prior to the requested date of the initial Tranche B Advance (the “Outstanding ECA Premium B”), the Finnvera Facility B Agent shall deduct the Outstanding ECA Premium B from the proceeds of the initial Tranche B Advance and remit same to Finnvera concurrently therewith.

• The Borrower in relation to an Aircraft agrees with the Lessee of that Aircraft that it will pay the ECA Premium for the ECA Loan for that Aircraft to the ECA Agent as soon as reasonably practicable following the receipt by that Borrower of the full amount of the Initial Rent under (and as defined in) the Lease for that Aircraft.

• Other than in respect of the payment of any ECA Premium or Premium to Hermes or SACE (as applicable) in accordance with this Clause 22, the Company acknowledges that no Finance Party is in any way involved in the calculation or payment of any part of any ECA Premium or Exposure Fee, and the Company will not raise against any Finance Party any claim or defence of any kind whatsoever in relation to the calculation or payment of any part of any ECA Premium or Exposure Fee.

• The representations and warranties set forth in Section 4.11 as relates to Taxes and this Section 4.18 are the only representations and warranties of the Company and the Company Subsidiaries in this Agreement with respect to Tax matters.

More Definitions of ECA Premium

ECA Premium means the fee of fifty basis points (0.5 per cent.) or such other amount as shall be notified in writing by any of the Export Credit Agencies to GFC prior to the relevant Advance being made and which is payable to ECGD, COFACE or HERMES in consideration for ECGD, COFACE and HERMES guaranteeing, insuring or otherwise covering the relevant participation of the British Lenders, the French Lenders and the German Lenders respectively in each Advance.

ECA Premium means the Hermes Premium and the SACE Premium.

ECA Premium means the fee which is payable to COFACE in consideration for COFACE guaranteeing, insuring or otherwise covering the relevant participation of the ECA Lenders in that ECA Loan;

ECA Premium means the fee payable in respect of each Loan to the relevant Export Credit Agency in an amount separately agreed in consideration for which such Export Credit Agency guarantees or otherwise covers, inter alia, the participation of the British Lenders, the French Lenders or the German Lenders respectively in the Credits and which shall be non-refundable to the extent that the relevant Loan is actually advanced pursuant to Clause 3.7 (Disbursement of the Loan).