Export Credit definition

Export Credit means a documentary credit which is at any time (i) issued in favour of or transferred to the Customer as beneficiary and (ii) lodged, deposited with or possessed by the Bank, and includes such documentary credit as amended, extended or renewed from time to time;

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Export Credit or “credit” means the rate at which energy is credited on a prosumer’s bill at the end of each billing period for every kilowatt-hour (kWh) of exported electricity to the distribution power system;

Export Credit. A credit relating to export transactions.

Examples of Export Credit in a sentence

• Model Standards of Practice for Family and Divorce Mediation China is not an OECD member, nor a party to the OECD creditor reporting system, the OECD Export Credit Group, ECG, or the Paris ...

• None of the Borrower/s is included in any defaulter list or is on the caution list of the Export Credit Guarantee Corporation of India or has been declared as the willful defaulter by RBI or NHB or any court or any other statutory authority.

• Each Lender acknowledges that any such superseding action may cause the revocation or termination of the Hermes Export Credit Guarantee Documents and the loss of any and all cover and other benefits thereunder.

• If Hermes shall make a payment to any Lender Party of all or any part of the Obligations, such Lender Party shall (if requested by Hermes or Hermes Agent) execute and deliver to Hermes appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to Hermes of an interest in the Obligations resulting from such payment made by Hermes pursuant to the Hermes Export Credit Guarantee Documents.

• Upon request by Hermes Agent, promptly provide to Hermes Agent (and with a copy to Administrative Agent) all financial, technical and other information as Hermes Agent advises Borrower that Hermes has requested pursuant to the Hermes Export Credit Guarantee Documents.

• Unless otherwise instructed in writing by the Required Lenders, Hermes Agent (at the direction of the Required Lenders) shall, by written notice to Hermes, issue demand notices and otherwise make claims for payment under the Hermes Export Credit Guarantee Documents if it is entitled to do so at such time pursuant thereto and shall exercise any and all rights and remedies available under the Hermes Export Credit Guarantee Documents in accordance with the provisions of this Section 11.

• The names of the Company and/ or its directors do not figure in any list of defaulters circulated by the RBI or any bank or financial institution nor do the names of its directors appear in caution list issued by RBI/ Export Credit Guarantee Corporation / Director General of Foreign Trade etc.

• Export Credit Exposure is determined for each Market Participant for a given Operating Day, and is the sum of credit exposures for the Market Participant’s Export Transactions for that Operating Day and for the preceding Operating Day.

• Any distribution or payment to be made in respect of the Secured Obligations by the Security Agent may be made to the Agent on behalf of the Lenders and the Export Credit Agency and any distribution or payment made in that way shall be a good discharge, to the extent of that payment or distribution, by the Security Agent.

• The Guarantee Holder shall ensure by agreeing with the Borrower an equal treatment undertaking that the structural credit enhancements to be created by and in relation to the guarantees as described in document [“Proposed Credit Enhancements and Carveouts” attached hereto as Schedule 3] (the “Proposal”) shall be implemented on pari passu basis with the other creditors covered by any Export Credit Agency guarantee.

More Definitions of Export Credit

Export Credit means the documentary credits issued in favour of an Account Holder by a third party bank and payment on which is confirmed by the Bank.

Export Credit means a Credit issued by another bank in your favour which we Honour, Negotiate, Present, transfer, finance and/or Confirm or give an Independent Undertaking at your request.

Export Credit. Refinancing-i or ECR-i Facility means the export credit refinancing-i pre/post shipment facility, the principal terms of which are set out in Clause 2.9;

Export Credit or “Export Payment” means the payment to be made for any Export from the Address to which this Statement of Terms relates. The Export Credit or Payment shall take the form as set out in clause 6.1 of this Statement of Terms.