Refinance Facility definition
Examples of Refinance Facility in a sentence
In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIBI) the sum of Rs. (Rupees only) under the Islamic Temporary Economic Refinance Facility for Plant and Machinery, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarabah, under the schedule1.
In consideration of the State Bank of Pakistan having deposited/ invested in (Name of the PIFI) the sum of Rs. (Rupees only) under the Islamic Refinance Facility for Modernization of SMEs, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarabah, under the schedule1.
For & on behalf of (Name of the PIFI): 1 Schedule of redemption to be attached with this debit authority(s) Rs. On demand we (Name of Customer) promise to pay to (Name of the PIFI) or order the sum of Rs. (Rupees only) for value received plus the profit accruing to (Name of the PIFI) in respect of finances made available to us and fine, if any, as laid down in the Islamic Refinance Facility for Combating COVID – 19.
In addition, on the closing of the Refinance Facility (as defined below), the Borrower shall pay to the Agent, for the ratable benefit of the Lenders, a fee in the amount of 5 basis points of the Commitment for each Lender.
In consideration of the State Bank of Pakistan having deposited/invested in (Name of the PIFI) the sum of Rs. (Rupees only) under the Islamic Refinance Facility for Combating COVID – 19, we hereby authorize SBP to debit our current account being maintained with SBP BSC, (City) for any amount due, as per the rules of Mudarbah, under the schedule1.
For & on behalf of (Name of the PIBI): 1 Schedule of redemption to be attached with this debit authority(s) Rs. On demand we (Name of Customer) promise to pay to (Name of the PIBI) or order the sum of Rs. (Rupees only) for value received plus the profit accruing to (Name of the PIBI) in respect of finances made available to us and fine, if any, as laid down in the Islamic Temporary Economic Refinance Facility for Plant and Machinery.
Commission rates table and general: NAB Invoice Finance Facility 0.50% NAB Trade Refinance Facility 0.50% NAB Standby Letter of Credit Facility 0.50% Each facility, product or service in this clause (Commission Payments – Business Lending Products (Trade Finance)) is a ‘loan’ for the purposes of the agreement.