Document ID: chunk:federal_register_of_legislation:C2019A00033:clause:1_18a
Version: federal_register_of_legislation:C2019A00033
Segment Type: clause
Provision Reference: sch 1 cl 18A
Character Range: 3972–4654

18A  Guarantees to co‑lenders in relation to overseas infrastructure development
  If, for the purpose of supporting overseas infrastructure development:
 (a) EFIC has lent, or proposes to lend, money under section 23A to a person; and
 (b) another person (the co‑lender), by arrangement with EFIC, has also lent, or proposes to lend, money to that person, or to another person;
EFIC may guarantee to the co‑lender the repayment of the whole or any part of the money lent, or to be lent, by the co‑lender and the payment of the whole or a part of any interest or other charges that may become payable to the co‑lender in respect of the money lent, or to be lent, by the co‑lender.