VAT Facility definition

VAT Facility means a credit facility established by a commercial bank licensed in Mexico or Brazil in favour of any Guarantor organized under laws of Mexico or Brazil (or any political subdivision thereof) which credit facility is used solely to finance cash flow an amount equal to the value-added tax refund the relevant Guarantor is owed by the applicable Governmental Entity.
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VAT Facility. Has the meaning set forth in Section 2.4(y).
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VAT Facility means the VAT facility made available to the Debtor pursuant to article 2.1(b) of the Facilities Agreement;
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Examples of VAT Facility in a sentence

  • Interest on the VAT Facility is being fully capitalized during construction and commissioning and paid quarterly starting on June 30, 2015.

  • The VAT Facility was repaid in full on June 30, 2016 and was subject to interest at a variable rate of the Chilean Association of Banks and Financial Institutions Tasa Bancaria plus 1.75%, which at June 30, 2016 was 6.01% per annum.

  • The VAT Facility is due on or before June 30, 2016 and is subject to interest at a variable rate of the Chilean Association of Banks and Financial Institutions Tasa Bancaria plus 1.75%., which at June 30, 2015 was 5.46% per annum.

  • The open circuit voltage is obtained using the RF-DC conversion factor of the antenna voltmeter.The AUT is then substituted at the same position as the STD dipole.

  • The VAT Facility is due on or before June 30, 2016 and is subject to interest at a variable rate of the Chilean Association of Banks and Financial Institutions Tasa Bancaria plus 1.75%, which at March 31, 2016 was 6.22% per annum.

  • The VAT Facility is due on or before June 30, 2016 and is subject to interest at a variable rate of the Chilean Association of Banks and Financial Institutions Tasa Bancaria plus 1.75%, which at December 31, 2015 was 6.18% per annum.

  • Mutual understanding also includes an agreement to restructure the existing debt of the Company Agreement, the key points of the restructuring agreement provide for the following: • Capitalisation of existing loans totaling € 58,6 million• Issuance of common Secured Bond Loan € 58,2 million.• Issuance of common bond loan (RCF Facility) € 31,4 million.• Issuance of convertible bonds € 29,5 million.• Issuance of common bond loan (VAT Facility) € 4,8 million.

  • The maximum loan balance outstanding under the VAT Facility is capped at US$4,600,000 and carries a coupon rate which is equal to the aggregate of the 3 Months USD LIBOR plus a loan margin of 4.80% per annum.

  • The VAT Facility is due on or before June 30, 2016 and is subject to interest at a variable rate of the Chilean Association of Banks and Financial Institutions Tasa Bancaria plus 1.75%, which at September 30, 2015 was 5.68% per annum.

  • Notwithstanding anything to the contrary in Section 1.1(b) of the Credit Agreement and the definition of "VAT Facility Availability Period", the Lenders shall not be obligated to provide to Borrower VAT Loans until the Lenders shall have received executed copies of the Definitive Agreements.


More Definitions of VAT Facility

VAT Facility means a $93 million Peso equivalent unsecured loan to finance value added tax obligations in respect of the transactions contemplated by the Financing Documents, the Acquisition and ancillary transactions.
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VAT Facility means a credit facility established for an Obligor or Subject Entity solely to bridge the payment of value added tax or other similar consumption tax refunds from an Official Body.
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VAT Facility means the facility referred to as such in Clause 2 (The Senior Facilities) of this Agreement.
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VAT Facility means the Facility evidenced by the Total VAT Loan Commitment.
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Related to VAT Facility

  • Replacement Facility means 1 of the following:

  • State facility means a center or a hospital operated by the department.

  • Holding facility means a designated area for the retention of

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

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

  • Energy facility means an energy plant or transmission

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

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Electric Facility means a Generator or an electric transmission facility.

  • Public facility means 1 or more of the following:

  • Support Facility means any liquidity or credit support agreement with a CP Conduit which relates to this Agreement (including any agreement to purchase an assignment of or participation in Class B Notes).

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

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

  • Community facility means community room, clubhouse, recreation center or similar area for use by residents. Lobbies and laundry facilities must not be considered within the scope of this definition.

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

  • Bank Facility means any credit agreement, including the Credit Agreement dated December 17, 2014, among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended on April 30, 2015, December 8, 2015, and December 22, 2016, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Gaming Facility means any gaming establishment, facility and other property or assets ancillary or related thereto or used in connection therewith, including, without limitation, any casinos, hotels, resorts, theaters, parking facilities, timeshare operations, retail shops, restaurants, other buildings, land, golf courses and other recreation and entertainment facilities, marinas, vessels and related equipment.

  • Cogeneration facility means a power plant in which the heat or steam is also used for industrial or commercial heating or cooling purposes and that meets Federal Energy Regulatory Commission standards for qualifying facilities under the Public Utility Regulatory Policies Act of 1978 (16

  • Community facilities means a specific work, or improvement within this state or a specific item of equipment or tangible personal property owned or operated by any political subdivision or nonprofit corporation and used within this state to provide any essential service to the general public;

  • Clean coal facility means an electric generating

  • 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