EFT Facility definition

EFT Facility means the electronic funds transfer facility in the maximum principal amount of Cdn. $2,000,000.00 per day, to be made available to the Borrower by the Lender in accordance with the provisions hereof, subject to any reduction in accordance with the provisions hereof, and to be governed by the terms of the Lender’s Electronic Funds Transfer (EFT) Application Form.
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EFT Facility means the Electronic Funds Transfer Facility through the RBI EFT System
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EFT Facility means the Reserve Bank of Australia real time gross settlement facility or, where such a facility is not available, an electronic funds transfer facility to be arranged by AEMO.
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Examples of EFT Facility in a sentence

  • All files will be sent and received through the EFT Facility GENTRAN.

  • You can use your Debit Mastercard® card or ATM Card plus your Personal Identification Number (PIN) at any EFT Facility (i.e., Automated Teller Machine, Point-of-Sale terminal or other electronic facility) that accepts the Card to perform transactions as outlined in our Electronic Banking Services Information Statement accompanying your Card.

  • The EFT Facility is being made available to assist the Borrower with the payment of payroll and other payables.

  • The employee should also be reminded of their right to seek advice from their trade union representative.

  • The Outstanding Principal under the EFT Facility shall not exceed the EFT Facility Commitment.

  • The EFT Facility, MC Facility, F/X Facility and DSL Facility shall be available to the Borrower after the completion and registration, if applicable, of the Documents and the satisfaction of the Conditions Precedent to Drawdown as set out in Article 3 hereof.

  • Subject to the terms and conditions hereof, the Lender shall make available to the Borrower the EFT Facility.

  • Notwithstanding the termination of the Agreement, the parties to the Agreement shall be bound by all transactions between them in regard to EFT Facility availed of by the Customer, before the termination of the Agreement.


More Definitions of EFT Facility

EFT Facility means the Electronic Funds Transfer Facility through the RBI EFT Systems. (b) "Security Procedure" means a procedure established by agreement between the bank and the customer for the purpose of verifying that the payment order or communication amending or cancelling a payment order transmitted electronically is that of the customer or for detecting error in the transmission for the content of the payment order or communication. A security procedure may require the use of algorithms or other codes,
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Related to EFT Facility

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

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Exit Facility means a credit facility that will be entered into by the City, the Exit Facility Agent and the other financial institutions party thereto on the Effective Date on substantially the terms set forth on Exhibit I.A.119.

  • Replacement Facility means 1 of the following:

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

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

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

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • 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.

  • Bank Facility means any credit agreement, including the Credit Agreement dated December 17, 2014, among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended on April 30, 2015, December 8, 2015, and December 22, 2016, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

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

  • 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;

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

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

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Energy facility means an energy plant or transmission

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Public facility means 1 or more of the following: