Examples of Dollar Facility in a sentence
Short-term EFCDU loans to exporters in the form of export packing credits, whether rediscounted or not under BSP’s Export Dollar Facility, up to the extent guaranteed by Trade and Investment Development Corporation of the Philippines (TIDCORP) or Small Business Guarantee and Finance Corporation (SBGFC): Provided, That these credits are not overdue.
UsPlus is also obliged to procure that all payments received in respect of those invoices are paid into defined collection accounts of UsPlus (currently held with Investec Bank Limited and First National Bank, a division of FirstRand Bank Limited), the rights to which collections accounts are also ceded in security under the terms and conditions of the Dollar Facility.
A detailed monthly register of the invoices or contracts ceded as security for the Dollar Facility is extracted directly from UsPlus transaction data.
All Dollar Facility Letters of Credit shall be denominated in Dollars and shall be issued for the account of the U.S. Borrower or the Bermuda Borrower.
Each Dollar Facility Letter of Credit shall constitute either a U.S. Borrower Dollar Facility Letter of Credit or a Bermuda Borrower Dollar Facility Letter of Credit.