UAE Offset Agreement definition
UAE Offset Agreement means the Tawazun Economic Program Agreement, dated as of March 6, 2017, by and between Tawazun Economic Council and Navistar Defense and the related Tawazun Economic Program Guidelines, 2015/2016 Edition.
Examples of UAE Offset Agreement in a sentence
If, at any time after the date hereof, the Bank Guarantor requires collateral to backstop the guarantee provided by the Bank Guarantor pursuant to the UAE Offset Agreement (such guarantee, the “UAE Bank Guarantee”), Navistar (or such member of the Navistar Group as is agreeable to the Bank Guarantor) shall promptly provide such collateral (the “Navistar Collateral”), which shall be in the form acceptable to the Bank Guarantor.
All material economic terms of the UAE Offset Agreement are contained in the “Tawazun Economic Program Guidelines” provided in the Data Room.