Non-Fund Based Facilities definition
Non-Fund Based Facilities shall include Letters of Credit Facilities, Bank Guarantee /SBLC Facilities, Co-acceptance of Bills Facilities and such other facilities as may be prescribed by the Bank from time to time.
Non-Fund Based Facilities means non-fund based facilities such as letters of credit, bank guarantees, etc., set out in Schedule I hereto, sanctioned/agreed to be sanctioned by the Bank to the Borrower as specified in the Sanction Letter issued from time to time or any variations thereto by issue of letters in writing by the Bank and on the terms and
Examples of Non-Fund Based Facilities in a sentence
The Borrower shall be liable to pay commission (collectively “Commission”) to the Bank on various Non-Fund Based Facilities including letters of credit, bank guarantees, etc.