Permitted Financial Accommodation definition
Examples of Permitted Financial Accommodation in a sentence
An Obligor must not provide any financial accommodation, or give any Guarantee in respect of any financial accommodation, to or for the benefit of any person, other than Permitted Financial Accommodation.
A Transaction Party must not (and must ensure that each of its Subsidiaries do not) provide any financial accommodation (including by making deposits to bank accounts), or give any Guarantee or Encumbrance (other than a Permitted Encumbrance) in respect of any financial accommodation, to or for the benefit of any person, other than Permitted Financial Accommodation.
This clause does not apply to the Permitted Financial Accommodation which can be characterised as an Inter-Company Claim.
Each Obligor must not provide any financial accommodation, or give any Guarantee in respect of any financial accommodation, to or for the benefit of any person other than Permitted Financial Accommodation.
A Transaction Party must not provide any financial accommodation, or give any Guarantee in respect of any financial accommodation, to or for the benefit of any person, other than Permitted Financial Accommodation.
A Transaction Party must not provide any financial accommodation, or give any Guarantee in respect of any financial accommodation, to or for the benefit of any Person, other than Permitted Financial Accommodation.
Permitted Financial Accommodation any financial accommodation or any Surety Obligation provided by a Transaction Party in respect of financial accommodation: 1 under the Transaction Documents; or 2 with the Agent’s prior written consent.
Permitted Financial Accommodation any financial accommodation or any Surety Obligation provided by a Transaction Party in respect of financial accommodation: 1 under the Transaction Documents; 2 in the ordinary course of business up to a maximum aggregate amount for all Transaction Parties of US$250,000; 3 which can be characterised as an Inter-Company Claim; or 4 with the Agent’s prior written consent.