Examples of Finance Facility in a sentence
The loans require a minimum monthly interest charge of $2,500, are subject to a default rate of an additional 7% on the stated interest rates, and required a $10,000 facility fee at closing.Revolving Inventory Finance Facility: The Company may borrow up to 50% of the book value of all eligible inventory in its possession.
Therefore, the Bank charges an administration fee for the services provided as the administrator of the MCDF Finance Facility.
Therefore, the Bank charges an administration fee for costs associated with the work carried out as the administrator of the MCDF Finance Facility.
Subject to the terms of this Agreement, all amounts of Outstanding Purchase Price recovered and paid to Burdale, may be reutilised as Utilisations of the Receivables Finance Facility.
No Cash Request may be delivered which would involve the drawing of a Loan unless at the time of delivery either (a) the Receivables Finance Facility is or would be following the delivery of such Cash Request being utilised up to the Receivables Limit or (b) the Facility Companies have no Receivables with which to utilise the Receivables Finance Facility.