EDC Guarantees definition

EDC Guarantees means the Account Performance Security Guarantee issued by EDC to the Lender in substantially the form attached as SCHEDULE E and any future Account Performance Security Guarantee issued by EDC to the Lender in substantially the form attached as SCHEDULE E but with changes satisfactory to the Lender.
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Examples of EDC Guarantees in a sentence

  • FSG-05-040487E-000 (collectively, the "Current EDC Guarantees") together with each other EDC Guarantee in substantially similar form to the Current EDC Guarantees, (b) the Agent accepting Export Development Canada's offers with respect thereto, and (c) the Agent providing Export Development Canada with notice of any amendments made to the Credit Agreement (which notice is required pursuant to the terms of a Current EDC Guarantee).

  • On the occurrence of any event by which any of the Obligations become due and payable under Section 7.2, any security shall become immediately enforceable and the Lender may take such action or proceedings in compliance with Applicable Law as the Lender in its sole discretion deems expedient to enforce its rights, including steps to enforce any or all EDC Guarantees, all without any additional notice, presentment, demand, protest or other formality, all of which are hereby expressly waived by the Obligors.