Commonwealth Consolidated Acts Commonwealth Consolidated ActsWhere, 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.