Packing Credit Facility definition

Packing Credit Facility means the revolving packing credit facility, as described in and pursuant to the terms of the Facility Letter, dated as of April 1, 2011, between iGATE Global Solutions Limited and Standard Chartered Bank, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement obligations related thereto, any related Guarantee Obligations and security documents), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder); provided that such increase in borrowings is permitted by Section 7.03 in whole or in part, the borrowings and commitments then outstanding or permitted to be outstanding under such Packing Credit Facility or one or more successors to the Packing Credit Facility or one or more new credit agreements.

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Packing Credit Facility means the Packing Credit Facility in Baht or foreign currency equivalent to Baht and the Additional Short Term Working Capital Facility in Baht as specified in Clause 2.1.2 of the Credit Facilities Agreement as amended by Clause 2.3 of the Second Supplemental Agreement to Credit Facilities Agreement;

Packing Credit Facility means the revolving packing credit facility, as amended, as described in and pursuant to the terms of the facility letter, dated as of April 1, 2011, between iGATE Global Solutions Limited and Standard Chartered Bank, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement obligations related thereto, any Guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and other Guarantees, pledges, agreements, security agreements and collateral documents), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder) in whole or in part, the borrowings and commitments then outstanding or permitted to be outstanding under such Packing Credit Facility or one or more successors to the Packing Credit Facility or one or more new credit agreement.

Examples of Packing Credit Facility in a sentence

• For each Interest Period, the Borrower will pay such interest in compliance with the conditions specified by each Packing Credit Creditor in the Documents for the Utilization of Packing Credit Facility of such Packing Credit Creditor.

• As from the Effective Date, the Existing TFB Packing Credit Facility shall be treated for all purposes and to all intents as part of the Tranche C Commitment, the Tranche C Advance and/or the Tranche C Outstandings, as the case may be, in respect of TFB under the Tranche C Facility and shall, thereafter, be subject to the terms and conditions of this Agreement in all respects.

• The terms and conditions of Clause 3.1 (General Conditions Precedent) and 3.2 (Conditions Precedent for the Utilization of Long Term Facility, Packing Credit Facility and Working Capital Facility) of the Credit Facilities Agreement shall be applied as applicable to the utilization of the New Long Term Facility.

• Throughout the period between the Signing Date and the date immediately preceding the Effective Date, TFB may at its option continue granting or providing on a revolving basis the Existing TFB Packing Credit Facility on terms and conditions in accordance with its normal banking practice.

• For Packing Credit Facility which is denominated in other foreign currency other than Baht, the Borrower hereby irrevocably waives any rights it may have under Section 196 of the Civil and Commercial Code of Thailand (or any modification or re-enactment thereof for the time being in force) to make payment under the Packing Credit Facility in Baht and shall make payment to the Packing Credit Creditors under the terms and conditions specified in the Documents for the Utilization of Packing Credit Facility.

• The Borrower may utilize the Packing Credit Facility and/or Export ▇▇▇▇ Purchase Facility under the Second Credit Facilities Agreement in the amount not exceeding the amount equal to eighty (80) percent of the value of purchase orders.

• The maximum amount for the Packing Credit Facility under the Credit Facilities Agreement pursuant to Clause 2.1.3.1 (b) of this Agreement that the Borrower is entitled to utilize from the Packing Credit Creditors is Baht 300,000,000 (Three Hundred Million).

• The Borrower shall use the Packing Credit Facility and/or Export ▇▇▇▇ Purchase Facility for the payment of expenses related to the Project and as working capital for the Project.

• The Borrower shall use the Packing Credit Facility for the payment of expenses related to the Project and as working capital for the Project.

• T" rade Facilities" means the Letter of Credit Facility, the Trust Receipt Facility, the OBD Facility under B/C, the OBD Facility unber L/C and the Packing Credit Facility, and the Trade Facility" means any of them.

More Definitions of Packing Credit Facility

Packing Credit Facility means the facility in Baht or foreign currency equivalent to Baht as specified in Clause 2.1.3;

Packing Credit Facility means the revolving packing credit facility as described in and pursuant to the terms of the facility letter, dated as of April 1, 2011, between iGATE Global Solutions Limited and Standard Chartered Bank, together with the related documents thereto (including the revolving loans thereunder, any letters of credit and reimbursement obligations related thereto, any Guarantees and security documents), as amended, extended, renewed, restated, refunded, replaced, refinanced, supplemented, modified or otherwise changed (in whole or in part, and without limitation as to amount, terms, conditions, covenants and other provisions) from time to time, and any one or more agreements (and related documents) governing Indebtedness, including indentures, incurred to refinance, substitute, supplement, replace or add to (including increasing the amount available for borrowing or adding or removing any Person as a borrower, issuer or guarantor thereunder; provided that such increase in borrowings is permitted by Section 3.2 hereof), in whole or in part, the borrowings and commitments then outstanding or permitted to be outstanding under such Packing Credit Facility or one or more successors to the Packing Credit Facility or one or more new credit agreements.

Packing Credit Facility means the uncommitted packing credit facility, the terms and conditions of which are set out in this Agreement and the relevant Trade Documents.

Packing Credit Facility means the facility in Baht or foreign currency equivalent to Baht as specified in Clause 2.1.2;