STRC-i Facility definition

STRC-i Facility means the short term revolving credit-i Facility, the principal terms of which are set out in Clause 2.3; Takaful/lnsurance means all plans/policies and contracts of takaful/insurance of whatever nature which are now or may from time to time be taken out by the Customer in accordance with the terms of this Agreement; Trade Facilities refers to:-
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STRC-i Facility means the short term revolving credit-i Facility, the principal terms of which are set out in Clause 2.3;
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Examples of STRC-i Facility in a sentence

  • The STRC-i Facility shall be utilised by the Customer for the purpose set out in the Letter of Offer.

  • The Facility Amount of the STRC-i Facility shall be the amount as set out in the Letter of Offer.

  • The STRC-i Facility shall be available for utilisation by the Bank upon fulfilment of the Conditions Precedent or such other terms as determined by the Bank but subject always to the Bank’s review from time to lime.

  • The STRC-i Facility shall be available for utilisation by the Bank upon fulfilment of the Conditions Precedent or such other terms as determined by the Bank but subject always to the Bank’s review from time to time.

  • The parties agree that the STRC-i Facility has been structured based on the Shariah principle of Murabahah depending on the needs and requirements of the Customer, the nature and mechanism of which are as set out in the Second Schedule.

Related to STRC-i Facility

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • 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;

  • Cannabis cultivation facility means a person that: