{"identifier":"/us/usc/t12/s635t","title":12,"num":"\u00a7\u202f635t.","heading":"Definitions","text":"\u00a7\u202f635t.\nDefinitions\nFor purposes of this subchapter\u2014\n(1) the term \u201ctied aid credit\u201d means credit\u2014\n(A) which is provided for development aid purposes;\n(B) which is tied to the purchase of exports from the country granting the credit;\n(C) which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and\n(D) which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;\n(2) the term \u201cgovernment-mixed credits\u201d means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;\n(3) the term \u201cpublic-private cofinancing\u201d means the combined use of either official development assistance or official export credit with private commercial credit to finance exports;\n(4) the term \u201cblending of financings\u201d means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports;\n(5) the term \u201cparallel financing\u201d means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and\n(6) the term \u201cBank\u201d means the Export-Import Bank of the United States.","url":"https://projectusc.org/usc/t12/s635t.html","content":[{"t":"sec","id":"/us/usc/t12/s635t","children":[{"t":"num","text":"\u00a7\u202f635t."},{"t":"heading","text":"Definitions","tail":"\n"},{"t":"chapeau","text":"For purposes of this subchapter\u2014"},{"t":"para","id":"/us/usc/t12/s635t/1","children":[{"t":"num","text":"(1)"},{"t":"chapeau","text":" the term \u201ctied aid credit\u201d means credit\u2014"},{"t":"subpara","id":"/us/usc/t12/s635t/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" which is provided for development aid purposes;","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s635t/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" which is tied to the purchase of exports from the country granting the credit;","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s635t/1/C","children":[{"t":"num","text":"(C)"},{"t":"content","text":" which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t12/s635t/1/D","children":[{"t":"num","text":"(D)"},{"t":"content","text":" which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s635t/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the term \u201cgovernment-mixed credits\u201d means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s635t/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" the term \u201cpublic-private cofinancing\u201d means the combined use of either official development assistance or official export credit with private commercial credit to finance exports;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s635t/4","children":[{"t":"num","text":"(4)"},{"t":"content","text":" the term \u201cblending of financings\u201d means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports;","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s635t/5","children":[{"t":"num","text":"(5)"},{"t":"content","text":" the term \u201cparallel financing\u201d means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s635t/6","children":[{"t":"num","text":"(6)"},{"t":"content","text":" the term \u201cBank\u201d means the Export-Import Bank of the United States.","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"}]}]}