Commodities Finance. a structured short-term lending to finance reserves, inventories, or receivable of exchange-traded commodities (e.g. crude oil, metals, or crops), where the exposure will be repaid from the proceeds of the sale of the commodity and the borrower has no independent capacity to repay the exposure. This is the case when the borrower has no other activities and no other material assets on its balance sheet.
Appears in 3 contracts
Samples: Indenture (Golub Capital Private Credit Fund), Indenture (GOLUB CAPITAL BDC, Inc.), Indenture (GOLUB CAPITAL INVESTMENT Corp)
Commodities Finance. a structured short-term lending to finance reserves, inventories, or receivable receivables of exchange-traded commodities (e.g. e.g., crude oil, metals, or crops), where the exposure will be repaid from the proceeds of the sale of the commodity and the borrower has no independent capacity to repay the exposure. This is the case when the borrower has no other activities and no other material assets on its balance sheet.
Appears in 1 contract
Samples: MidCap Financial Investment Corp