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 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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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. GSBLR: G-Sec Price Benchmark Linked Lending Rate (GSBLR) means Floating Rate of Interest which is linked to the Financial Benchmark India Ltd. (FBIL) 10 Years G-Sec Prices and which is subject to change / vary from time to time, without prior notice to the Borrower or any other person. The GSBLR which shall serve as the reference rate, will be determined by using the average of the last three months’ end 10 year G-Sec price published by Financial Benchmark India Private Limited / Reserve Bank of India. (FBIL/RBI).
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Examples of Financial Facility in a sentence

  • The Borrower hereby gives his consent to the Bank for disclosing the names of the Borrower and the Directors to the Reserve Bank of India as “Willful Defaulter” in the event the Borrower defaults in respect of Financial Facility with the Bank.

  • All payments of principal and interest in respect of the Financial Facility shall be free and clear of and without withholding or deduction for or on account of any taxes or duties, of whatever nature imposed or levied by or on behalf of the Government of India or any statutory authority.

  • The Borrower agrees to repay the amount outstanding under the Financial Facility without any delay, demur or protest together with interest forthwith on written demand of Bank on the Borrower.

  • The Borrower shall pay to the Bank flat fees calculated at the rate not exceeding 1 % of the aggregate amount of the Financial Facility which shall be payable within 10 days from date of this Agreement.

  • If Financial Facility is not utilized, or the Facility is only partially drawn-down at the end of the Availability Period, then the Borrower shall pay a fees not exceeding 1% of the amount of the Financial Facility, or an amount not exceeding 1% of the un-drawn portion as the case may be as "Cancellation Fee".

  • If and so often as the Borrower shall fail to maintain the margin, the Borrower shall forthwith either mortgage/charge to the Bank further assets approved by the Bank and of sufficient value to make up the deficiency or shall reduce the amount for the time being due to the Bank by repaying the amount outstanding under the Financial Facility so as to maintain the margin required by the Bank.

  • Subject to the foregoing provisions of this Article, the Borrower shall pay to the Bank the amount outstanding under the Financial Facility the amount outstanding under the Financial Facility from date of first disbursement in such equal installments of such amounts as mentioned at Serial No. 7 of the Schedule written hereunder.

  • The Borrower agrees and undertakes to repay the amount outstanding under the Financial Facility on or before the expiry of the Tenor.

  • In the event of default in repayment of any amount under any of the Financial Facility, on the due date(s), additional interest @ 3% over the respective rate of Interest on the overdue amount from the due date upto the date of actual payment shall be payable by the Borrower or at such other rates determined by the Bank for such periods as the Bank may from time to time select.

  • The Borrower may prepay the Financial Facility together with up- to-date interest, fees and charges herein on any day in full or in part, subject to the written consent of the Bank and payment of the pre-payment charges at such rates as may be prescribed by the Bank from time to time, and the Bank may cancel further disbursements under the Financial Facility.


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 sani- tary 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 Company 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 Company 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.

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • Medical facility means any of the following:

  • 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

  • essential facilities means facilities of a public telecommunications network or service that:

  • 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 June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, 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 premises, or part of a premises, that are used wholly or predominantly for the sale or hire of goods by retail, the retail provision of services and includes a market, retail shopping centre and supermarkets;