CITIC Facility definition

CITIC Facility means the stand-by letter of credit facility, dated December 20, 2000, between QPL and CITIC.
Sample 1

Examples of CITIC Facility in a sentence

  • The Trustee further seeks authorization to take any corporate governance actions consistent with Peruvian, Singaporean, Samoan, and Hong Kong law that he determines are desirable or necessary, to the ____ (cont’d from previous page)CITIC did not file a proof of claim against Protein Trading prior to the bar date related to the CITIC Facility Letter.

  • However, the CITIC Facility Letter was not listed on Protein Trading's schedules, and(cont’d) own.

  • DISCLOSURE UNDER RULE 13.18 OF THE LISTING RULES (a) Pursuant to the facility letter entered into by the Company on 26 November 2015 (the “Facility Letter”) with China CITIC Bank International Limited (“China CITIC”) relating to a term loan facility of US$15,000,000 (the “China CITIC Facility”), the Company shall ensure that Shougang Holding, the controlling shareholder of the Company, remains its largest shareholder with shareholding of not less than 35% throughout the life of the China CITIC Facility.

  • The exchange gain was partially offset by the increase in interest expenses due to an increase in our outstanding borrowings after replacing the Standard Bank loan with the CITIC Facility in July 2009 and fully drawing down the CITIC Facility shortly thereafter.

  • The Offeror confirms that it does not intend for the payment of interest on, repayment of, or security for any liability (contingent or otherwise) under, the CITIC Facility or the Far Eastern Facility to depend to any significant extent on the business of the Group.

  • The China CITIC Facility shall be repaid by the Company in one lump sum on final maturity date which falls on the second anniversary from the date of drawdown of the China CITIC Facility.

  • Breach of the above will constitute an event of default upon the occurrence of which, China CITIC may at any time(a) cancel the China CITIC Facility; (b) declare that all or any part of the China CITIC Facility, together with accrued interest, and all other amounts accrued or outstanding under the Facility Letter be immediately due and payable; and/or (c) declare that all or any part of the China CITIC Facility be payable on demand by China CITIC.

Related to CITIC Facility

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

  • Electric Facility means a Generator or an electric transmission facility.

  • Public facility means 1 or more of the following:

  • 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.

  • LC Facility means the letter of credit facility established pursuant to Article III.

  • Holding facility means a designated area for the retention of

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

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

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • 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;

  • Psychiatric facility means a psychiatric hospital or psychiatric unit licensed under section 134.

  • Bank Facility means any credit agreement, including the Credit Agreement dated June 28, 2012 among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended, together with the related documents thereto (including, without limitation, any guarantee agreements and security documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Public facilities means amenities that are—

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Triage facility means a short-term facility or a portion

  • Clean coal SNG facility means a facility that uses a

  • New Facility means a property previously undeveloped which is placed into service by means other than or in conjunction with expansion or modernization.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.