Trade Finance Facility definition

Trade Finance Facility the trade finance facility, if any, to be made available pursuant to the Business Finance Agreement. Unapproved Debt: a Debt which we consider is a Debt:
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Trade Finance Facility means the facility established by the Recipient to pay the Guaranteed Amount to the Correspondent Banks in case the PFIs default on paying for the Lines of Credit or any other Eligible Instrument in connection with the importation of Essential Commodities.
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Trade Finance Facility. Limit the “Facility Limit” in respect of the Trade Finance Facility (if any) as specified in Part 4 of the Key Terms Schedule, as adjusted under this agreement. Transaction Document 1 this agreement; 2 each Fee Letter; 3 the Common Terms Deed;
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Examples of Trade Finance Facility in a sentence

  • The Lender will apply each Trade Advance under the Trade Finance Facility towards satisfaction of the Obligation specified in the Funding Notice, on the Funding Date specified in that Funding Notice.

  • The Borrowers will pay to the Lender such other fees referable to the Trade Finance Facility initially, as specified in the Fee Schedule and thereafter as advised by the Lender from time to time.

  • If Part 4 of the Key Terms Schedule specifies that Documentary LCs are “Available” and a Borrower gives a Funding Notice requesting a Documentary LC under the Trade Finance Facility, the Lender must, subject to this agreement, issue each Documentary LC requested in the Funding Notice on the specified Funding Date in the specified Available Currency and otherwise in accordance with that Funding Notice.

  • If the Consortium does not provide the Increase Trade Finance Facility, the Consortium Allocation of the New Trading Hold Co Bonds will not be issued to the Consortium and the aggregate principal amount of the New Trading Hold Co Bonds shall be US$290,000,000.

  • 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)).

  • 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.

  • 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.

  • 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 sub-limits set out in the Transaction Criteria (Sub-limit A, Sub-limit B and Sub-limit C) will apply to the issue of Trade LCs. The Trade Finance Facility may not be drawn in cash.

  • Purpose: To provide credit support to Acceptable Beneficiaries in the form of standby letters of credit or guarantees (each a “Hedging Support LC”) to support the Borrowers’ transactions in Eligible Instruments (whether or not in connection with transactions financed or capable of being financed under the Trade Finance Facility) and cover the Acceptable Beneficiaries’ close out risk of such transactions.


More Definitions of Trade Finance Facility

Trade Finance Facility. Limit the “Facility Limit” in respect of the Trade Finance Facility (if any) as specified in Part 4 of the Key Terms Schedule, as adjusted under this agreement. Transaction Document 69 this agreement; 70 each [*]; 71 the Common Terms Deed; 72 the Group Limit Facility; 73 each Renewal Notice and Key Terms Schedule; 74 each “Transaction Document” of the Lender, as defined in the Common Terms Deed; 75 any other document designated as such by the Borrowers and the Lender, or any document or agreement entered into or given under any of the above. Undrawn Commitment at any time in relation to a Facility, the Commitment for that Facility less the Principal Outstanding for that Facility. US Dollars, US$ or USD the lawful currency of the United States of America. US$ Facility the Facility denominated in US Dollars, which may be drawn in US Dollars or any other Available Currency agreed by the Lender from time to time up to the US$ Facility Limit, made available by the Lender to the Borrowers under this agreement and on the terms set out in Part B of the Key Terms Schedule. US$ Facility Limit the “Facility Limit” in respect of the US$ Facility (if any) as specified in Part B of the Key Terms Schedule, as adjusted under this agreement. A word or phrase, other than one defined in clause 1.2, defined in the Common Terms Deed has the same meaning when used in this agreement.
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Trade Finance Facility means an Aggregate Trade Facility Agreement or any other agreement between you and us governing the terms of a trade facility.
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