EDC Guarantee definition

EDC Guarantee means the Performance Security Guarantee Issuance and Indemnity Agreement dated as of December 15, 2014 between the Corporation and Export Development Canada, as amended, modified or supplemented from time to time.

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EDC Guarantee means the guarantee provided by EDC under their export guarantee program which guarantee is in full force and effect with a scheduled maturity date more than 45 days after the date of the first Request for Advance submitted for a Guaranteed Contract for which no previous Request for Advance was submitted.

EDC Guarantee means the guarantee by Her Majesty in Right of Canada (or its agent, Export Development Canada) in favour of the administrative agent and the lenders under the Covered Credit Agreement.

Examples of EDC Guarantee in a sentence

• The Parties will use reasonable commercial efforts to negotiate, finalize and cause the Covered Credit Agreement, and the related EDC Guarantee and Limited Vendor Indemnity (Covered Credit Agreement) (each in form and substance satisfactory to each of the Parties in its sole discretion and which contains the principles set out in the Data Room) to be executed and made effective as promptly as practical following the date hereof.

• IMG may designate other wholly-owned Restricted Parties that are incorporated in Canada as Obligors if it causes the delivery of an agreement by each new Obligor in the form of SCHEDULE D, documents relating to the new Obligor equivalent to those delivered under Sections 3.1(3) and 3.1(4), and an EDC Guarantee in support of L/Cs requested by the new Obligor.

• The Purchaser shall renew and/or extend each EDC Guarantee not less than 15 days prior to the termination date thereof and shall provide the Lender with written notice upon each such renewal and/or extension confirming the same.

• The payment obligations of TM Pipeline LP to the lenders under the Covered Credit Agreement are guaranteed by the Purchaser pursuant to the unconditional and irrevocable EDC Guarantee.

• Promptly following receipt by the Administrative Agent of any payment from the Borrowers pursuant to this paragraph or any payment by Export Development Canada pursuant to the EDC Guarantee, the Administrative Agent shall distribute such payment to the extent that EDC LC Lenders have made payments pursuant to this paragraph to reimburse the Administrative Agent, then to such Lenders as their interests may appear.

More Definitions of EDC Guarantee

EDC Guarantee means an Export Development Canada financial security guarantee in respect of one or more Letters of Credit, in form and substance satisfactory to the Agent;

EDC Guarantee means a guarantee made by EDC in favour of the LC Lender and related certificate of cover issued by EDC to the LC Lender, each in form and substance satisfactory to the LC Lender, with respect to any Letter of Credit issued by the LC Lender under the LC Facility, as such guarantees and certificates of cover may be amended, restated, supplemented or otherwise modified from time to time.

EDC Guarantee means the Account Performance Security Guarantee - Certificate of Cover dated June 27, 2011 by and among Export Development Canada and JPMorgan Chase Bank, N.A., as amended and replaced by the Account Performance Security Guarantee – Certificate of Cover dated November 30, 2011 among the foregoing parties, including any amendments or renewals thereof on terms acceptable to the Agent.

EDC Guarantee has the meaning attributed thereto in paragraph (a.1) of the definition of Permitted Debt.

EDC Guarantee means the Export Guarantee Program (EGP) guarantee dated as of the date hereof, as amended, modified, supplemented, replaced or renewed from time to time, issued by EDC to Lender, guaranteeing 75% of the payment and performance of Borrower’s obligations to the Lender in connection with the Contract Revolver Facility, up to a maximum amount of U.S.$22,500,000.

EDC Guarantee means the guarantee in the initial amount of U.S.$5,000,000 from Export Development Canada in respect of the SBLC Facility, granted to the Agent, for and on behalf of the Lenders, as increased from time to time (for certainty, including pursuant to the EDC Amendment).

EDC Guarantee means, collectively, (i) the account performance security guarantee bearing no. 112638 issued by EDC on February 7, 2025 to the Lender pursuant to a certificate of cover (including the general terms and conditions) and any other account performance security guarantee issued by EDC to the Lender pursuant to a certificate of cover (including the general terms and conditions), (ii) the EDC Confirmation and (iii) the EDC Effectiveness Notification, in each case, in form and substance satisfactory to the Lender.