Financial Accommodation definition

Financial Accommodation means a financial benefit or assistance to obtain a financial benefit arising from or as a result of—

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Financial Accommodation has the meaning given to that term in the Securities and Futures Ordinance 「財務通融」指證券及期貨條例內所賦予該詞語之定義

Financial Accommodation has the meaning given to that term in the Securities and Futures Ordinance “F.O. Business” the business of dealing in Futures Contracts and/ or options contracts traded on the Futures Exchange and/or any other Exchange, market or association of dealers in any part of the world “Futures Account” the futures trading account opened by the Client with Galaxy International Futures through Offline Operation or Electronic Operation or any other means for the purpose of trading Futures Contracts and options contracts on the Futures Exchange and/or any other Exchange, market or association of dealers in any part of the world “Futures Contract” without prejudice to the meaning given to that term in the Securities and Futures Ordinance, it means a contact executed on any Exchange, the effect of which is that (a) one party agrees to deliver to the other party at an agreed future time an agreed Commodity or quantity of a Commodity at an agreed price; or (b) the parties will make an adjustment between them at an agreed future time according to whether the agreed Commodity is worth more or less or, as the case may be, stands higher or lower at that time than a level agreed at the time of making the contract, the difference being determined in accordance with the rules of the relevant Exchange in which that contract is made

Examples of Financial Accommodation in a sentence

• The Loan Documents are a contract to extend a Financial Accommodation (as such term is used in the Bankruptcy Code) for Borrower’s benefit.

• For the avoidance of doubt, if a debit balance arises on the Client’s Securities Margin Account or any other margin account held with any member of the China Galaxy International, Galaxy International Securities shall not be, nor shall it be deemed to be, obliged to make, provide or continue to provide Financial Accommodation.

• An Obligor must not provide any financial accommodation, or give any Guarantee in respect of any financial accommodation, to or for the benefit of any person, other than Permitted Financial Accommodation.

• Further, upon the payment in full of all of the Secured Obligations and the expiration and termination of all obligations of the Secured Party to make available any Financial Accommodation to the Grantor, or earlier expiration of this Agreement or release of the Collateral, the Secured Party shall grant back to the Grantor the license granted pursuant to clause (i) immediately above.

• I/We shall be granted Financial Accommodation of up to such percentage (as determined by the Company at its sole discretion from time to time) of the market value of the collateral maintained with the Company subject to the maximum aggregate principal amount as determined by the Company and notified to me/us from time to time.

More Definitions of Financial Accommodation

Financial Accommodation means a financial benefit or assistance to obtain a financial benefit arising from or as a result of:

Financial Accommodation means financial accommodation as defined in the SFO.

Financial Accommodation. (財務通融) means a loan or other arrangement under which a person is or is to be provided with credit, whether directly or through a third party, and in particular includes an overdraft, a discounted negotiable instrument, a guarantee, a forbearance from enforcing any debt that in substance is a loan, and also includes an agreement to secure the payment or repayment of any such accommodation;

Financial Accommodation has the meaning assigned to such term in Section 6.14.

Financial Accommodation means financial accommodation as defined in the SFO. “uSmart Group” means USL and its Affiliates.

Financial Accommodation means Letter of Credit Number issued by the Bank in the original face amount of $3,000,000, and any extension, renewal, refinancing, modification or replacement thereof, or granting any waiver of or any forbearance or other indulgence relating to the Financial Accommodation.

Financial Accommodation means the provision of loans, credit, bill facilities, the discount or purchase of commercial bills, leases, mortgages, bills of sale or any other security arrangements, negotiable and any similar contracts;