Derivative Facility definition

Derivative Facility means a letter of credit, an insurance policy, a surety bond or other credit enhancement device, given, issued or posted as security for the District’s obligations under one or more Derivative Products.
View Source
Derivative Facility means a Facility to be utilized for the purpose of derivatives Transactions, as set out in the Facility Letter.
View Source

Related to Derivative Facility

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Company or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).