Document ID: chunk:federal_register_of_legislation:C2024C00824:section:18
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 18
Character Range: 34592–35394

18  Guarantees to co‑lenders in relation to export transactions
  Where, for the purpose of financing, in whole or in part, an eligible export transaction:
 (a) EFIC has lent, or proposes to lend, other than in the form of an equity investment, money under section 23 to a person; and
 (b) another person (in this section called the co‑lender), by arrangement with EFIC, has also lent, or proposes to lend, other than in the form of an equity investment, 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.