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 a credit facility established by a commercial bank licensed in Mexico or Brazil in favour of any Obligor 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 Obligor is owed by the applicable Official Body.
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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.

  • Interest on the VAT Facility will be fully capitalized during construction and commissioning.

  • 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 (“TAB”) plus 1.75%., which at March 31, 2015 was 5.47% 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 March 31, 2016 was 6.22% per annum.

  • 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 December 31, 2015 was 6.18% per annum.

  • Debt repayments included the full repayment of a $8.7 million VAT Facility made available in 2015 and scheduled repayments of $10.7 million on the Phase One loan.

  • It is difficult to attribute a reason for this but it could be related to the fact that SimLean requires that approach to demonstrate Lean Improvements.


More Definitions of VAT Facility

VAT Facility means a credit facility established by a commercial bank licensed in Mexico in favour of Camino Rojo which credit facility is used solely to finance an amount equal to certain value-added tax refunds Camino Rojo is owed by the applicable Official Body.
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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 VAT facility made available to the Debtor pursuant to article 2.1(b) of the Facilities Agreement;
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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 the Facility evidenced by the Total VAT Loan Commitment.
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Related to VAT Facility

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

  • Facility means the entire operation located on the property where the Equipment is located;

  • 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).

  • Gaming Facility means any gaming or parimutuel wagering establishment and other property or assets directly ancillary thereto or directly used in connection therewith, including any building, restaurant, hotel, theater, parking facilities, retail shops, land, and other recreation and entertainment facilities and equipment, owned or operated by the Company or its Subsidiaries.

  • 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

  • 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.