ACH Facility definition
Examples of ACH Facility in a sentence
In the event there shall be more than one Existing ACH Facility under this Lease prior to the Final Completion Date, Guarantor may, at its option, satisfy the letter of credit requirements under this Section 38.14(b) by providing one (1) letter of credit satisfying the letter of credit requirements of this Section 38.14(b).
Chase may, in its discretion, offer to the Company an ACH Facility and an FX Facility on such terms, conditions and documentation as may be mutually agreed to by Chase and the Company.
Confess shall have no interest in or obligations under the ACH Facility or the Chase FX Facility and Congress agrees that such facilities including the First Union FX Facility shall be included in the Obligations and secured by the Collateral, subject to the foregoing limitations.