Examples of Intermediation Facility in a sentence
In 2017, Parkland entered into an International Swaps and Derivatives Association ("ISDA") intermediation agreement with a financial institution (the "Intermediation Facility") to fund a portion of the working capital requirements of the Burnaby Refinery that includes a daily settlement feature, which is accounted for as a derivative financial instrument carried at fair value (the "Intermediation Facility Derivatives").
The Intermediation Facility involves structured purchases and sales of crude oil, refined products and other hydrocarbons (collectively, "Hydrocarbons").
The Intermediation Facility is secured by Hydrocarbons and accounts receivable balances funded under the Intermediation Facility on a first-lien basis.
The OECD sees a need to reinvest in structural reforms that will take the aging population into effect while still maintaining growth and stability.317 The EU Economic and Financial Affairs Department has promised to examine labour market reforms while keeping inflation low.318In accordance with the stagnation of reform efforts within the European Union, and the need for a revision of the Lisbon Agenda, the European Union has been awarded a score of 0.
If an “event of default”, termination event or similar or equivalent event has occurred and is continuing under any agreement governing Indebtedness in excess of $3,000,000 to which Parent or a Subsidiary, including Borrower, is a party with a third party or parties (other than any Intermediation Facility Documents).