Back-to-Back Loan definition

Back-to-Back Loan means a loan made to a Subsidiary by a financial institution in which CBI or another Subsidiary (other than an Excluded Entity) owns a one hundred percent (100%) participation interest.
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Back-to-Back Loan means any Financial Indebtedness made available to a member of the Restricted Group to the extent that the economic exposure of the creditor in respect of that Financial Indebtedness (taking any related transactions together) is reduced by reason of that creditor:
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Back-to-Back Loan means any loan or other financial accommodation made available to a member of the Group to the extent that the creditor has recourse directly or indirectly to a deposit of cash or cash equivalent investments beneficially owned by any member of the Group placed, as part of a related transaction, with that creditor (or an affiliate of that creditor) or a financial institution approved by that creditor on the basis that the deposit be available, directly or indirectly, so as to reduce the economic exposure of the creditor to the Group, when looking at the related transactions together, to a net amount;
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Examples of Back-to-Back Loan in a sentence

  • Those funds were used to secure the USD 125 million Back-to-Back Loan from Banco de Credito Overseas Limited to Doe Run Mining; Exhibit R-071, Contract for a Loan in Foreign Currency, 12 March 1998.

  • See “Canada Releases Revised Back-to-Back Loan Rules,” Tax Notes International, October, 2014.

  • The Group intends to finance the HBL Back-to-Back Loan by its internal resources.

  • In addition, the Directors consider that the provision of the HBL Back-to-Back Loan to HBL pursuant to the HBL Loan Agreement will ensure that JV Company II will have sufficient working capital for the operation of the Online Channel(s) of JV Company II in the event that additional funding is required to satisfy the working capital requirement of JV Company II.

  • The particular Sub-Fund may, however, acquire foreign currencies via a Back-to-Back Loan.

  • HBL and JV Company II agree that any dividend to be distributed to HBL shall first be utilised for repaying the outstanding indebtedness under the HBL Shareholder Loan for the sole purpose of repaying the outstanding indebtedness under the HBL Back-to-Back Loan, if any.

  • The payment terms under the special term deposit and the Back-to-Back Loan were nearly identical.243 Exhibit R-068, DRP Intercompany Note: Summary of Facts, undated, p.

  • While Canada has put on hold the implementation of a domestic treaty-shopping rule, it is significant that Canada continues to extent the scope of its Back-to-Back Loan Rules.

  • The bond proceeds were used to secure the USD 125 million Back-to-Back Loan from Banco de Credito Overseas Limited to Doe Run Mining; see Exhibit R-071, Contract for a Loan in Foreign Currency, 12 March 1998.and made it more difficult for DRP to obtain financing, as Ms. Kunsman points out.

  • The execution, delivery and performance of this Agreement and the other Back-to-Back Loan Documents, the borrowing of Back-to-Back Revolving Credit Loans hereunder and the use of the proceeds thereof will not violate any contractual obligation of Borrower.


More Definitions of Back-to-Back Loan

Back-to-Back Loan means Debt of any Subsidiary owed to a third party that is fully collateralized by the proceeds of Debt incurred by the Borrower.
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Back-to-Back Loan means any loan or other financial accommodation made available to a member of the Group to the extent that the creditor:
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Back-to-Back Loan has the meaning assigned to such term in the recitals to Amendment No. 1.
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Back-to-Back Loan means any Back-to-Back Revolving Credit Loan and "Back-to-Back Loans" means all outstanding Back-to-Back Revolving Credit Loans in the aggregate, as the context may require.
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Back-to-Back Loan means any loan or other advance to any Borrower or any Subsidiary that are collateralized by cash or cash-equivalent deposits of any Borrower or any Subsidiary.
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Back-to-Back Loan means any loan or other financial accommodation made available to a member of the Group to the extent that the creditor has recourse directly or indirectly to a deposit of cash or cash equivalent investments beneficially owned by any member of the Group placed, as part of a related transaction, with that creditor (or an affiliate of that creditor) or a financial institution approved by that creditor on the basis that the deposit be available, directly or indirectly, so as to reduce the economic exposure of the creditor to the Group, when looking at the related transactions together, to a net amount. "Bail-In Action" means the exercise of any Write-down and Conversion Powers. "Bail-In Legislation" means: (a) in relation to an EEA Member Country which has implemented, or which at any time implements, Article 55 BRRD, the relevant implementing law or regulation as described in the EU Bail-In Legislation Schedule from time to time; and (b) in relation to the United Kingdom, the UK Bail-in Legislation. "Basel III" has the meaning given to such term in paragraph (b) of sub-clause 15.2.2 of Clause 15.2 (Increased Costs). "Borrower" means WPP CP LLC, WPP Finance, WPP CP Finance and any additional Borrower as shall accede to this Agreement as a Borrower pursuant to Clause 3.7 (Accession of Additional Obligors) or be substituted under Clause 3.9 (Substitution of Borrowers), in each case so long as they remain or are required to remain Borrowers and, as the context requires, together the "Borrowers". “Borrower DTTP Filing" means an HM Revenue & Customs' Form DTTP2 or DTTP2A duly completed and filed by the relevant Borrower, which: (a) where it relates to a UK Treaty Lender that is a Lender at the date of this Agreement, contains the scheme reference number and jurisdiction of tax residence stated opposite that Xxxxxx's name in Part I of Schedule 1 (Lenders and Commitments), and (i) where the Borrower is a Borrower at the date of this Agreement, is filed with HM Revenue & Customs within 30 days of the date of the date of this Agreement; or (ii) where the Borrower became a Borrower after the date of this Agreement, is filed with HM Revenue & Customs within 30 days of the date on which that Borrower became a Borrower; or (b) where it relates to a UK Treaty Lender that is a New Lender or Increase Lender, contains the scheme reference number and jurisdiction of tax residence stated in respect of that Lender in the relevant Transfer Certificate or Increase Confirmation, an...
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Related to Back-to-Back Loan

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Attributable Indebtedness means, on any date, (a) in respect of any Capital Lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a Capital Lease.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Eligible advance means an advance made before August 19, 1993.

  • Sale/Leaseback Transaction means an arrangement relating to property owned by the Company or a Restricted Subsidiary on the Issue Date or thereafter acquired by the Company or a Restricted Subsidiary whereby the Company or a Restricted Subsidiary transfers such property to a Person and the Company or a Restricted Subsidiary leases it from such Person.

  • Management Advances means loans or advances made to, or Guarantees with respect to loans or advances made to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary:

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Loan Value means for any Loan that is not Defaulted Receivable on any day (including the Cut-off Date) (A) with respect to Precomputed Loans, (i) the present value of the future Scheduled Payments discounted monthly at the applicable Implicit Rate of Return, plus (ii) any past due Scheduled Payments reflected on the Servicer’s records, plus (iii) the unamortized amounts of any purchase premiums, minus (iv) the unamortized amounts of any purchase discounts and (B) with respect to Simple Interest Loans, (i) the balance reflected on the Servicer’s records plus (ii) the unamortized amounts of any purchase premiums minus (iii) the unamortized amounts of any purchase discounts. Defaulted Receivables that are Loans shall be deemed to have a Loan Value equal to the outstanding Loan Value at the time it became a Defaulted Receivable less the amount written-off as uncollectible in accordance with the Credit and Collection Policy.