Examples of Financial Accommodation in a sentence
The Loan Documents are a contract to extend a Financial Accommodation (as such term is used in the Bankruptcy Code) for Borrower’s benefit.
Permitted Financial Accommodation means financial accommodation: (a) to any Group Company; (b) to allow its customers to acquire goods and services on extended terms in the ordinary course of business; (c) deposits made in ordinary course of business arrangements with a bank or financial institution; or (d) to which the Noteholders have given their prior written consent by way of Ordinary Resolution.
At balance date, in accordance with the Local Government Funding Authority Multi-Issuer Deed, the Available Financial Accommodation will be more than 110% of External Indebtedness.
Further, it is submitted that the subsequent agreement for financial accommodation dated May 29, 2019 does not contain an arbitration clause and there is no specific adoption of Clause (viii) of the Agreement for Financial Accommodation dated May 29, 2018.
Borrowing costs include interest on short-term and long-term borrowings held with the Treasury Corporation of Victoria (TCV) and costs relating to the Financial Accommodation Levy (FAL) set by the Treasurer of the State of Victoria under section 40N(2) of the Financial Management Act 1994.