EXIM definition
Examples of EXIM in a sentence
EPCM hereby agrees to (i) provide such reasonable assurances and other cooperation to EXIM or any other lenders, buyers or other counterparties as may reasonably be requested by the Owner; and (ii) comply with reasonable additional conditions or requirements imposed by EXIM, subject to EPCM’s right to seek an adjustment of the Control Budget or EPCM Baseline Schedule for any additional costs or delays resulting from compliance with such EXIM conditions or requirements.
Notwithstanding the foregoing, if additional audit rights are required by Owner’s financing support (EXIM), the Parties agree to negotiate such rights in good faith, subject to confidentiality undertakings and reasonable conditions having regard to the privacy of EPCM’s financial records and any conditions reasonably imposed by EPCM’s Board of Directors.
EPCM acknowledges that Owner is pursuing financing for the Project from the Export-Import Bank of the United States (“EXIM”), and that EXIM may impose additional conditions or requirements associated with such financing, which is expected to close in 2026.