Invoice Discounting Facility definition

Invoice Discounting Facility a debt purchase facility provided on the terms of the Agreement;
Invoice Discounting Facility means the invoice discounting facility provided to the Company by AIB Commercial Finance Limited pursuant to the terms of the debt purchase agreement dated 1 July 2023 between the Company and AIB Commercial Finance Limited;
Invoice Discounting Facility shall be amended by the deletion of the words "(pound)20,000,000 (twenty million pounds Sterling)" and the substitution therefor of the words "(pound)15,000,000 (fifteen million pounds Sterling);"

Examples of Invoice Discounting Facility in a sentence

  • In so far as you have applied for an Export and/or Currency Invoice Discounting Facility, then Parts I, II and V of the Operating Conditions will apply to you.

  • In so far as you have applied for a Euro Invoice Discounting Facility, then Parts I, II and III of the Operating Conditions will apply to you.

  • In August 2015, the terms and conditions of the Invoice Discounting Facility were revised.

  • The Group benefits from an Invoice Discounting Facility provided by one of our financiers and continued support was given by the IDC who provided funds in the 2013 financial year.

  • On such repurchase the Invoice Discounting Facility shall automatically be cancelled and reduced to zero.

  • LND shall not be concerned as to the use or application of amounts made available under the Invoice Discounting Facility.

  • On any such repurchase the Invoice Discounting Facility shall be automatically cancelled.

  • Notwithstanding any other term of this Agreement, LND shall not be under any obligation to make the Invoice Discounting Facility available to the Clients unless LND has notified the Initial Client that all the conditions set out in Schedule 1 have been satisfied on or waived in writing by LND or before 30th April 1998.

  • In addition to the CBILS, the Company has access to an Invoice Discounting Facility, which was undrawn as at 30 April 2021, but has current capacity of £1.6m based on outstanding receivables.

  • FINANCIAL LIABILITIES (continued) The maturity profile of the non-current financial liabilities as at 30 April 2018 is set out below: Group Parent Company 2018£’0002017£’000 Undrawn borrowing facilitiesThe Group has a maximum Invoice Discounting Facility of £5.1m, subject to debtor levels and restrictions, together with a£50,000 bank overdraft facility.


More Definitions of Invoice Discounting Facility

Invoice Discounting Facility means the US$80 million invoice discounting facility provided under the document entitled ‘Facility Agreement relating to discount facility of up to US$80,000,000’ dated 17 July 2013 between EPIL (as borrower) and BNP Paribas (as financier), as amended and restated from time to time; IOL means InterOil Limited (Company Number 1-22826), details of which are described in Item 5 of Schedule1;
Invoice Discounting Facility means the invoice discounting facility of up to (Pounds)7,000,000 referred to in Clause 2.1 or the Sterling Equivalent.
Invoice Discounting Facility a Facility provided on the terms of this Agreement where the applicable Operating Conditions include Parts I to IV “Issuer” a bank or other financial institution approved by us which issues a Contingent Instrument on your behalf.

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