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MASTER GUARANTEE AGREEMENT – FINANCE LEASE
(Medium Term Credits Electronic Compliance Program)
dated as of ___________, 20__
between
[_____________________],
as Lessor
and
EXPORTIMPORT BANK OF THE UNITED STATES
MGA No. ____F
EXIM BANK STANDARD FORM MGAF (09/05)
LESSOR INFORMATION
(MGA No. ____F)
(1) Full Name of Lessor:
______________________________________________________
(2) Type of Entity (e.g., national association, corporation, partnership, etc.):
______________________________________________________
(3) Jurisdiction of Organization of Lessor and, if different, its ultimate parent company
(i.e., where incorporated or equivalent):
______________________________________________________
(4) Notice Information:
Unless otherwise specified in a notice delivered in accordance with Section 10.02 of this
Agreement, all notices to the Lessor shall be delivered to the following address:
Address: __________________________________________________
__________________________________________________
__________________________________________________
Attention: __________________________________________________
Facsimile: _______________________________
Telephone: _______________________________
EMail: _______________________________
EXIM BANK STANDARD FORM MGAF (09/05) i
The parties set forth below have caused the Master Guarantee Agreement – Finance Lease
(Medium Term Credits – Electronic Compliance Program) to be duly executed and delivered as of the
date set forth on the cover page hereto.
EXPORTIMPORT BANK OF THE
UNITED STATES
_________________________
By:
(Signature)
Name
_________________________
(Print)
Title:
_________________________
(Print)
LESSOR:
________________________________
(Print Full Name of Lessor)
1
By: _________________________
(Signature)
Name:
_________________________
(Print)
_________________________
Title:
(Print)
_________________________
By:
(Signature)
_________________________
Name:
(Print)
_________________________
Title:
(Print)
]
MGA No. _____F
1
Provide for one or more signatures to the extent needed to bind the Lessor.
EXIM BANK STANDARD FORM MGAF (09/05) ii
TABLE OF CONTENTS
LESSOR INFORMATION...................................................................preceding this Table of Contents
SIGNATURE PAGE ...........................................................................preceding this Table of Contents
BACKGROUND RECITALS.............................................................................................................1
SECTION 1. DEFINITIONS AND PRINCIPLES OF CONSTRUCTION.............................................1
1.01 Defined Terms......................................................................................................1
1.02 Principles of Construction .....................................................................................9
SECTION 2. APPROVAL OF TRANSACTIONS; CREDIT AND LEASE DELIVERY
REQUIREMENTS ...........................................................................................................................10
2.01 Applications and Approvals ................................................................................10
2.02 Amount, Term and Use of Credits .......................................................................10
2.03 Principal Component of Guaranteed Rent.............................................................11
2.04 Interest Component of Guaranteed Rent...............................................................11
2.05 Reserved............................................................................................................11
2.06 Lease Delivery Requirements..............................................................................12
2.07 Credit Availability Period....................................................................................12
2.08 Lease Agreement................................................................................................12
2.09 Application of Payments.....................................................................................12
SECTION 3. GUARANTEE ELIGIBILITY REQUIREMENTS ........................................................13
3.01 Cash Payment.....................................................................................................13
3.02 Local Cost Goods and Services............................................................................13
3.03 Insurance...........................................................................................................13
3.04 Reserved............................................................................................................13
3.05 Ancillary Services ..............................................................................................13
3.06 Amount..............................................................................................................13
3.07 Exposure Fee......................................................................................................14
SECTION 4. THE GUARANTEES..................................................................................................15
4.01 The Guarantees...................................................................................................15
4.02 Coverage of the Guarantees.................................................................................15
4.03 Binding Guarantees............................................................................................15
4.04 Timely Demand..................................................................................................15
4.05 No Amendment..................................................................................................15
4.06 No Termination Without Consent ........................................................................16
4.07 Revocation of Lessee’s Payment..........................................................................16
SECTION 5. ISSUANCE OF GUARANTEES..................................................................................16
5.01 General..............................................................................................................16
5.02 Lease Delivery Approvals ...................................................................................16
5.03 Replacement Lease Agreement and Lease Supplements ........................................16
5.04 Lease Agreement and Lease Supplement Completion ...........................................17
SECTION 6. CONDITIONS PRECEDENT......................................................................................17
6.01 Conditions Precedent to the Effectiveness of this Agreement.................................17
6.02 Conditions Precedent..........................................................................................17
SECTION 7. COMMITMENT FEES AND PAYMENT METHOD....................................................18
7.01 Commitment Fees...............................................................................................18
7.02 Method of Payment ............................................................................................18
EXIM BANK STANDARD FORM MGAF (09/05) iii
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