Bonding Facility definition

Bonding Facility means a facility or facilities made, or to be made, available for the issuance of Bonds by banks or financial institutions on behalf of members of the Group in an aggregate principal amount which does not exceed US$40,000,000 (or its equivalent in any other currency or currencies).
Sample 1Sample 2Sample 3
Bonding Facility means that bonding facility identified on Section 1.01(a) of the Disclosure Schedule, together with any additional bonds, amendments or modifications thereto or to any existing bonds to the extent entered into in accordance with Section 6.17.
Sample 1Sample 2
Bonding Facility means the bonding facility made available under Tranche A of this Agreement as described in clause 6 (Utilisation - Bonds) in a maximum amount of US$700,000,000.
Sample 1Sample 2

Examples of Bonding Facility in a sentence

  • Each Borrower for whose account a Letter of Credit or Lender Guarantee is issued shall pay to each Revolving Lender or Bonding Lender (as the case may be) a commission at a rate equal to the applicable Margin (as adjusted from time to time in accordance with Clause 6.5 (Margin Adjustment)) for the Revolving Facility or the Bonding Facility (as the case may be) on that Lender’s Contingent Liability from day to day in relation to that Letter of Credit or Lender Guarantee.

  • Bidco will pay or procure payment of fees to Deutsche Bank AG when it acts as Issuing Lender in relation to the issue of Letters of Credit or Lender Guarantees under the Bonding Facility in the amounts and at the times agreed in the separate fee letter with Deutsche Bank AG relating to the Bonding Facility.

  • For the avoidance of doubt, except as set forth in this Section 6.17, Seller shall not have any rights in respect of any cash collateral held in connection with the Bonding Facility.

  • Notwithstanding whether there have been any demands or payments under any of the bonds issued under the Bonding Facility, Purchaser shall pay to Seller $2,400,000 on the earlier of (a) December 31, 2020 and (b) the date on which the bond identified on Section 6.17 of the Disclosure Schedule is released.

  • Upon the maturity of all Deposits pursuant to Clause 2.2.1 and provided that the Issuing Bank is not under any obligation or liability (whether actual or contingent) to issue Bonds to or on behalf of the Company or any Eligible Subsidiary pursuant to the Bonding Facility Letter, the Issuing Bank shall, on the Company's request, release the Company from its obligations under the Bonding Documents.

  • For the avoidance of doubt but without prejudice to any applicable insolvency laws, the Issuing Bank may not discharge sums payable by the Company under paragraph 6 of the Bonding Facility Letter by way of set off against any part of the Account Balance of any Account.

  • The Issuing Lender shall promptly advise the Facility Agent (in the case of a Letter of Credit or Lender Guarantee under the Revolving Facility) or the Bonding Agent (in the case of a Letter of Credit or Lender Guarantee under the Bonding Facility) in writing of any such deemed face amount.

  • In this Agreement, terms defined in the Counter Indemnity (including by incorporation) and the principles of interpretation set out in the Bonding Facility Letter shall, unless otherwise provided herein, apply to this Agreement.

  • The provisions of paragraph 16 (Governing Law and Jurisdiction) of the Bonding Facility Letter shall apply mutatis mutandis as if set out here in full.

  • In connection with implementation of the Plan, one or more of the Reorganized Debtors will enter into the Exit Bonding Facility with Travelers, which facility shall be used for the issuance of surety bonds in connection with prosecution of work in the ordinary course by the Reorganized Debtors.


More Definitions of Bonding Facility

Bonding Facility has the meaning given to it in the Security Agreement.
Sample 1Sample 2
Bonding Facility means the bonding facility to be made available by the Bonding Lenders pursuant to Clause 2.1(a)(vi) (Facilities);
Sample 1Sample 2
Bonding Facility means the bonding facility made available under Tranche A of this Agreement as described in Clause 6 (Utilisation - Bonds) in a maximum amount of US$500,000,000.
Sample 1
Bonding Facility means a bonding facility of up xx Xxxxx Sterling 5,000,000 (or its equivalent in other currencies) in aggregate made available, or to be made available, to the Group by the Overdraft Bank on the terms of the Bonding Facility Agreement.
Sample 1
Bonding Facility means the (pound)600,000 bonding facility provided by the Bank to the Borrower for the issue of duty/VAT deferment guarantees in favour of H.
Sample 1
Bonding Facility means a bonding facixxxx xx up to (pound)5,000,000 (or its equivalent in other currencies) in aggregate made available, or to be made available, to the Group by the Overdraft Bank on the terms of the Bonding Facility Agreement.
Sample 1

Related to Bonding Facility

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Tanning facility means any premises, building, or part of a building that contains one or more rooms or booths with any of the following:

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Recycling facility means equipment used by a trade or business solely for recycling:

  • Holding facility means a designated area for the retention of

  • Dry cleaning facility means an establishment with one or more dry cleaning systems.

  • Cannabis processing facility means a person that:

  • Triage facility means a short-term facility or a portion

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Composting facility means a site, location, tract of land, installation, or building used for composting of solid waste in accordance with Chapter 3734. of the Revised Code and rules adopted thereunder. The composting facility includes the area of materials placement and any leachate management system structures.

  • Outsourcing facility means a facility that is engaged in the compounding of sterile drugs and is currently registered as an outsourcing facility with the U.S. Secretary of Health and Human Services and that complies with all applicable requirements of federal and state law, including the Federal Food, Drug, and Cosmetic Act.

  • Storage Facility means a facility used for the stocking of natural gas and owned and/or operated by a natural gas undertaking, including the part of LNG facilities used for storage but excluding the portion used for production operations, and excluding facilities reserved exclusively for transmission system operators in carrying out their functions;

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Repair facility Means any licensed automotive REPAIR FACILITY capable of performing repair services to a COVERED PART, approved by the ADMINISTRATOR, and at which YOU seek to acquire service under this CONTRACT.

  • Energy facility means an energy plant or transmission

  • Wastewater Facilities means the structures, equipment, and processes required to collect, carry away, and treat domestic and industrial wastes and dispose of the effluent.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities.

  • City Facility means any building, structure, property, park, open space, or vehicle, owned or leased by the City, its agents, agencies, or departments.

  • Customer Facility means Generation Facilities or Merchant Transmission Facilities interconnected with or added to the Transmission System pursuant to an Interconnection Request under Subpart A of Tariff, Part IV.

  • Test Facility means any WRAS suitably accredited test laboratory;