VAT Facility definition

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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VAT Facility. Has the meaning set forth in Section 2.4(y).
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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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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 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 evidenced by the Total VAT Loan Commitment.
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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 the facility referred to as such in Clause 2 (The Senior Facilities) of this Agreement.
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Related to VAT Facility

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

  • 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.

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

  • 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.

  • 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.

  • 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.