The Export-Import Bank (EXIM Bank) is an independent U.S. government agency that facilitates international trade by offering financial assistance, including loans, guarantees, and insurance to U.S. exporters and their foreign buyers. Its goal is to support American jobs by leveling the global playing field for U.S. goods and services and mitigating the risks associated with international trade.
A non-ratio covenant is a form of covenant in a loan agreement that includes conditions relating to the payment of dividends, the granting of guarantees, disposal of assets, change of ownership, and a negative pledge.
Representation and Warranty is a clause in loan agreements where borrowers assure their ability to borrow and provide guarantees, along with other critical confirmations.
