Financial Facility definition

Financial Facility means the term loan sanctioned/to be sanctioned by the Bank to the Borrower in a sum as set out at Serial No.1 of the Schedule written hereunder and upto which the Bank may lend and advance to the Borrower and includes where the context so requires outstanding amounts under the Financial Facility, on the terms and conditions prescribed by the Bank from time to time and in force at the time of repayment.
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Financial Facility means the term loan sanctioned/to be sanctioned by the Bank to the Borrower in a sum as set out at Serial No.1 of the Schedule written hereunder and up to which the Bank may lend and advance to the Borrower and includes where the context so requires outstanding amounts under the Financial Facility, on the terms and conditions prescribed by the Bank from time to time and in force at the time of repayment.
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Financial Facility means the maximum amount as mentioned in the Schedule that may be advanced from time to time in one or more trenches to the Borrower.
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Examples of Financial Facility in a sentence

  • The Fund may grant resolution loan as defined in the Financial Facility Agreement of 19.8.2015 to the Hellenic Deposits and Investments Guarantee Fund (HDIGF) for the purposes of funding bank resolution costs, subject to the provisions of the above said Financial Facility Agreement in line with EU state aid rules.

  • The Government of Pakistan has requested financing from the Asian Development Bank (ADB) for implementing the Power Distribution Enhancement Investment Program (the program), to be executed through a Multi-tranche Financial Facility (MFF) divided into three tranches or groups of subprojects.

  • The Sustainable Urban Development Investment Program (SUDIP) is financed by the Asian Development Bank (ADB) under a Multi Tranche Financial Facility (MFF) and entails so far two Tranches.

  • INTRODUCTION 1.1 Background The Government of Pakistan has requested for financing from the Asian Development Bank (ADB) regarding implementing the Power Distribution Enhancement Investment Program (the program), to be executed through a Multi-tranche Financial Facility (MFF) divided into four tranches or groups of subprojects.

  • An additional feature was incorporated into the model to account for these short-term effects.

  • Through its five-year programme, the Financial Facility for Remittances (FFR) has identified a number of best practices for leveraging the development impacts of remittances.

  • The program includes rehabilitation, improvement or construction of several road section of the Western Europe- Western China Transit Corridor and is financed through a Multi-tranche Financial Facility (MFF) divided in several Tranches (Projects).

  • Government of Georgia (GoG) has received a loan (USD $500 million) from the Asian Development Bank (ADB) through a Multi tranche Financial Facility (MFF) for the implementation of the Urban Services Improvement Investment Program.

  • The International Financial FacilityThe UK Chancellor of the Exchequer proposed the International Financial Facility (IFF) to raise and disburse funds for achieving the MDGs. The proposed scheme is intended to double annual ODA from its current level to more than $100bn through the use of long- term donor pledges for issuing bonds to cover the MDG needs of developing countries.

  • To accelerate Financial Facility by the Bank, the permission of Reserve Bank of India was necessary for proceeding for accelerating the facility which permission was also applied on 24th November, 2015 but could be granted only on 07.12.2016 thereafter Notice of Acceleration was given on 05.01.2017 and the entire amount became due, computing the period of limitation from first default of principal amount i.e. 30th November, 2015.


More Definitions of Financial Facility

Financial Facility means and including any loan/financial/credit facility availed by the Borrower from BFL at any point of time.
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Financial Facility means the Loan and Lease facility availed by Customers who are classified as Borrower or the Lessee, as the case may be in the books of the Company
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Related to Financial Facility

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • Industrial facility means any nongovernmental or non- residential facility that is used for activities such as agriculture, forestry, fishing, mining, manufacturing, transportation, commu- nications or providing services including electric, gas and sanitary services.

  • Residential facility means a home or facility that is licensed by the department of developmental disabilities under section 5123.19 of the Revised Code and in which a child with a developmental disability resides.

  • Total Facility has the meaning specified in Section 1.1.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • Cultural facility means any publicly owned or operated museum, theater, art center, music hall, or other cultural or arts facility.

  • Principal Facility means the real property, fixtures, machinery and equipment relating to any facility owned by the Issuer or any Subsidiary, except for any facility that, in the opinion of the Board of Directors, is not of material importance to the business conducted by the Issuer and its Subsidiaries, taken as a whole.

  • Critical facility means a facility for which even a slight chance of flooding might be too great. Critical facilities include, but are not limited to, schools, nursing homes, hospitals, police, fire and emergency response installations, and installations which produce, use or store hazardous materials or hazardous waste.

  • Special Fare means any fare other than a Normal Fare.

  • Local Facility means any of them.

  • Medical facility means any physician, laboratory, clinic, hospital, or other similar entity.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Clean coal facility means an electric generating

  • Correctional facility means a facility operated under the management and control of the Virginia Department of Corrections.

  • Financial Commitment means the legally binding undertaking of the Operator to mobilize the financial requirements of the project, for ensuring the completion of the project;

  • Local Facilities means working capital facilities provided to a Grantor (other than Beverage Packaging Holdings (Luxembourg) I S.A., Beverage Packaging Holdings (Luxembourg) II S.A. Beverage Packaging Holdings (Luxembourg) III S.à.x.x. and the Borrowers) by a Local Facility Provider and “Local Facility” means any of them.

  • Educational facility means a structure available for use as a dormitory or other housing facility, including housing facilities for students, a dining hall, student union, administration building, academic building, library, laboratory, research facility, classroom, athletic facility, health care facility, and maintenance, storage, or utility facility, and other structures or facilities related thereto or required or useful for the instruction of students or the conducting of research or the operation of an institution for higher education, including parking and other facilities or structures essential or convenient for the orderly conduct of the institution for higher education, and shall include lands and interests in lands and landscaping, site preparation, furniture, equipment, machinery, and other similar items necessary or convenient for the operation of a particular facility or structure in the manner for which its use is intended, and any improvements necessary to a particular facility to make the facility more energy efficient. Educational facility does not include items as books, fuel, supplies, or other items the costs of which are customarily deemed to result in a current operating charge and does not include any facility used or to be used for sectarian instruction or as a place of religious worship, nor a facility which is used or to be used primarily in connection with a part of the program of a school or department of divinity for a religious denomination.

  • Holding facility means a designated area for the retention of

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

  • 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.

  • Consolidated Total Borrowings means in relation to the Group, an amount (expressed in Singapore dollars) for the time being, calculated on a consolidated basis, in accordance with generally accepted accounting principles in Singapore, equal to the aggregate of:

  • waste disposal facility means an individual or entity that has been issued a medical marijuana waste disposal facility license by the Department to dispose of medical marijuana waste as authorized in Oklahoma law and these Rules.

  • Federal facility means any building or infrastructure used or to be used by the federal government,

  • Retail facility means a service station, convenience store or any other facility selling a PSTD regulated substance that is open to the general public.

  • Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

  • Facility C means the term loan facility made available under this Agreement as described in paragraph (c) of Clause 2.1 (Facilities).