Bonding Facilities definition

Bonding Facilities means facilities obtained by any Obligor for the issue by a third party of bonds or guarantees in respect of obligations of any Obligor incurred other than in respect of loans or loan facilities (including loan capital), including for the avoidance of doubt any related counter-indemnity obligation in respect of a guarantee, bond, standby or documentary letter of credit or any other instrument issued by a bank or financial institution (except where the underlying obligation consists of Financial Indebtedness other than under paragraph (f) of the definition thereof).
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Bonding Facilities means any bonding facility entered or to be entered by an Existing Obligor or a New Obligor in the course of business. Caixabank Commitments: means €100m committed by Caixabank under Tranche A.1A.
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Examples of Bonding Facilities in a sentence

  • The Creditors under the Bonding Facilities will be asked to renew their instruments in connection with the Financial Restructuring.

  • Some of the key programmes and facilities under AFGAP, include the Afreximbank LC Confirmation Guarantee; the Country Risk Guarantee Facility; the Letter of Guarantee Facility; the Note Purchase Cover; the Buyer/Supplier Credit Guarantee; the Project Finance Guarantee; the Investment Guarantee; the ECA Plus Guarantee; the Sovereign Obligations Guarantee; Bonding Facilities; the Construction Completion Guarantee; and the Trade Contract Availability Guarantee Facility.

  • In addition, the Company will agree utilisation limits for the Bonding Facilities, including by reference to the type of the Bonding Facility and the identity of the Group member seeking to utilise the Bonding Facility.