Money Market Facility definition

Money Market Facility means a credit facility which (a) is evidenced by a bond, debenture, note or similar instrument, (b) has financial covenants that are not more restrictive with respect to the Restricted Persons than the financial covenants under this Agreement and has other covenants and events of default governing the Indebtedness evidenced by such credit facility that are not materially more restrictive with respect to the Restricted Persons than the covenants and Events of Default under this Agreement, and (c) the Indebtedness of which is not subordinated to any other Indebtedness of the Restricted Persons.
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Money Market Facility means any unsecured credit facility the advances under which have a maturity of not in excess of 180 days and which have been extended to Borrower from time to time other than under this Agreement, either by a Bank or by any other financial institution.
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Money Market Facility means a credit facility which complies with all requirements of the definition of ”Senior Debt” (as defined in Section 1.1) except clause (b).
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Examples of Money Market Facility in a sentence

  • The Money Market Loans made by any Bank to the Borrower shall be evidenced by a single Money Market Loan Note payable to the order of such Bank for the account of its Lending Office in an amount equal to the Money Market Facility Limit.

  • Xxxx Title: Executive Vice President and Chief Financial Officer XXXXX FARGO BANK, NATIONAL ASSOCIATION, Administrative Agent, LC Issuer and Lender By: /s/ Xxxx Xxxxx Xxxx Xxxxx Vice President BNP PARIBAS, Lender By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Director By: /s/ Xxxx Xxxxxxxx Name: Xxxx Xxxxxxxx Title: Director SOCIÉTÉ GÉNÉRALE, Lender under the Credit Agreement and the SG Money Market Facility By: /s/ Xxxxxxx X.

  • SG hereby agrees that during the Suspension Period, (i) it will not make any loans or advances under the SG Money Market Facility, (ii) the SG Obligations will not be part of the Secured Obligations, (iii) no SG obligations will be secured by the Collateral and (iv) SG will not be entitled to any proceeds of the Collateral.

  • The Money Market Loans made by any Bank to a Borrower shall be evidenced by a single Money Market Loan Note payable to the order of such Bank for the account of its Lending Office in an amount equal to the Money Market Facility Limit.


More Definitions of Money Market Facility

Money Market Facility means the subfacility of the Revolving Credit Facility described in Article 4 to make Money Market Loans up to an aggregate principal amount at any one time outstanding of up to $5,000,000. Money Market Loan means a Loan bearing interest at the Money Market Rate.
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Related to Money Market Facility

  • Money Market Fund means a mutual fund that invests its assets in accordance with section 2.18;

  • Money Market means one or more wholesale funding markets available to the Bank, including domestic negotiable certificates of deposit, eurodollar deposits, bank deposit notes or other appropriate money market instruments selected by the Bank.

  • Money Market Instruments means instruments normally dealt in on the money

  • Money Market Rate has the meaning specified in Section 2.03(c)(ii)(C).

  • Money Market Loan means a Money Market LIBOR Loan or a Money Market Absolute Rate Loan.

  • Money Market Margin has the meaning set forth in Section 2.03(d).

  • Money Market Security shall be deemed to include, without limitation, certain Reverse Repurchase Agreements, debt obligations issued or guaranteed as to interest and principal by the government of the United States or agencies or instrumentalities thereof, any tax, bond or revenue anticipation note issued by any state or municipal government or public authority, commercial paper, certificates of deposit and bankers' acceptances, repurchase agreements with respect to the same and bank time deposits, where the purchase and sale of such securities normally requires settlement in federal funds on the same day as such purchase or sale.

  • money market instrument means with respect of an Index Calculation Date the Euro Interbank Offered Rate (the "Reference Interest Rate"), as published on Bloomberg page EUR003M Index (or any replacement Bloomberg page which displays that rate) (the "Screen Page") around 11:00 a.m. (London time) on that day.

  • Money market mutual fund means an open-end managed investment fund:

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

  • Money Market Yield means a yield (expressed as a percentage) calculated in accordance with the following formula: Money Market Yield = D x 360 x 100 360 – (D x M) where “D” refers to the applicable per annum rate for commercial paper quoted on a bank discount basis and expressed as a decimal, and “M” refers to the actual number of days in the applicable Interest Reset Period.

  • Short-Term Money Market Instruments means the following types of instruments if, on the date of purchase or other acquisition thereof by the Corporation, the remaining term to maturity thereof is not in excess of 180 days:

  • Money Market Lending Office means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Borrower and the Agent; provided that any Bank may from time to time by notice to the Borrower and the Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require.

  • Money Market Absolute Rate has the meaning set forth in Section 2.03(d).

  • Eligible Investments Any one or more of the obligations and securities listed below which investment provides for a date of maturity not later than the Determination Date in each month:

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

  • Bank Bill Rate ’, for an Interest Period, means the average mid rate for Bills having a tenor closest to the Interest Period as displayed on the ‘‘BBSW’’ page of the Reuters Monitor System on the first day of that Interest Period as determined by the Calculation Agent.

  • Investment Obligations means and include, except as otherwise provided in the Supplemental Indenture providing for the authorization of Bonds, any of the following securities, if and to the extent that such securities are legal investments for funds of the Issuer;

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”