New Trade Finance Facility definition

New Trade Finance Facility means the up to US$600,000,000 committed trade finance facility, to be made available by the Fronting Banks on the terms set out in Section 2 (New Trade Finance Facility and New Hedging Support Facility Term Sheet) of Part 1 (Primary Restructuring Terms) of Schedule 2 (Restructuring Terms).
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New Trade Finance Facility means the up to USD700,000,000 committed trade finance facility, which will include hedging, with a maturity of 3 years after the Restructuring Effective Date and to be made available to Trading Co by the Fronting Banks on competitive market terms, in which Existing Senior Creditors may elect to risk participate in accordance with paragraph 2.2 below.
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New Trade Finance Facility means the up to US$600 million trade finance facility to be provided by the Fronting Banks to (among others) Trading Co, substantially on the same terms as set out the Restructuring Support Agreement pursuant to a facility agreement the form of which shall be appended to the Explanatory Statement.
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Examples of New Trade Finance Facility in a sentence

  • The obligations owing by Trading Co under the New Trade Finance Facility and the New Hedging Support Facility will also be secured by the first- ranking security created pursuant to the Security.

  • Trading Co Security over assets directly financed by the New Trade Finance Facility or the Increase Trade Finance Facility (as applicable) (the “Trade Specific Security”)17.

  • The intercreditor relationships among, among others, the fronting banks and participants under the New Trade Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility and the holders of the New Trading Co Bonds will be set out in an intercreditor agreement which reflects, among other things, the intercreditor principles set out in the Intercreditor Principles Term Sheet.

  • The intercreditor relationships among, among others, the fronting banks and participants under the New Trade Finance Facility and the New Hedging Support Facility and the holders of the New Trading Co Bonds will be set out in an intercreditor agreement which reflects, among other things, the Intercreditor Principles (see Section 6 (Intercreditor Principles Term Sheet) of Schedule 2 (Restructuring Terms)).

  • Agreement The obligations owing by Trading Co under the New Trade Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility will also be secured by the first-ranking security created pursuant to the Security.

  • Documentation and terms: The documentation, structure and terms of the Facility will be set out in a facility agreement (the “Facility Agreement”), based on a Loan Market Association precedent but with mechanics and other terms appropriate for the nature of the Facility and otherwise amended to reflect the position agreed in the facility agreement relating to the New Trade Finance Facility.

  • In consideration for ING’s continued support for Noble Group throughout the proposed Restructuring process, including its work on structuring the New Trade Finance Facility and the New Hedging Support Facility and agreeing to act as a Fronting Bank, a restructuring support fee of US$13 million will be payable to ING in accordance with clause 6 (Existing Trade Finance Facilities) of the RSA.

  • It was noted that on 14 March 2018, the Company and an ad hoc group of certain existing senior creditors of the Group entered into the conditional risk sub-participation agreement (the “CRPA”) pursuant to which the creditors agreed to risk participate in the New Trade Finance Facility and New Hedging Support Facility for their respective commitments.

  • In consideration for the Initial Backstop Lenders and the Secondary Backstop Lenders underwriting the New Trade Finance Facility and the New Hedging Support Facility, an aggregate backstop commitment fee of 5% of the Total Senior Creditor Risk Participation Amount will be payable to the Initial Backstop Lenders and the Secondary Backstop Lenders.


More Definitions of New Trade Finance Facility

New Trade Finance Facility means the US$600 million trade finance facility to be provided by the Fronting Banks to (among others) Trading Co pursuant to the New Trade Finance and Hedging Support Facilities Agreement.
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Related to New Trade Finance Facility

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Advance Facility As defined in Section 3.22.

  • Energy facility means an energy plant or transmission

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • Holding facility means a designated area for the retention of

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Triage facility means a short-term facility or a portion

  • Senior Facility Agreement means the Facility Agreement dated 27 June 2016 (as amended from time to time) between, among others, Bendon Limited (as initial borrower) and the Debtor (as initial guarantor), and all other loan facility agreement(s) between (among others) the Senior Creditor and the Debtor from time to time and also includes each other document evidencing the provision of, or setting out the terms that apply to, any Senior Debt (of whatever nature) made or to be made available by the Senior Creditor to the Debtor from time to time (howsoever documented).

  • New Term Facility has the meaning specified in Section 2.14(a).

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Qualified incubator facility means a commercial building

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Refinancing Facility has the meaning specified in Section 2.16(a).