SFV definition

SFV means the Scheme Financial Vehicle under the EII Act. Signing Date means the date on which the last of the parties signs this agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

SFV. = shipper FDS volumes in month in which credit is applied “MFV” = total FDS volumes in month in which credit is applied The SRC applies only to a shipper’s FDS invoice and therefore a shipper whose FDS transportation service agreement has expired without renewal cannot receive an FDS Rich Gas Credit;

SFV means that part of the Face Value of all Convertible Securities on issue as at the relevant Repayment Date that has been satisfied in accordance with this clause 5 prior to the relevant Repayment Date.

Examples of SFV in a sentence

• On request from LTES Operator, SFV agrees to enter into a tripartite deed with financiers of LTES Operator in the form attached in Annexure A (“Form of Tripartite”).

• LTES Operator acknowledges that SFV may, in its sole discretion and from time to time, appoint one or more persons as SFV’s agent in respect of or in connection with some or all of SFV’s rights or obligations under this agreement.

• Nothing in this clause relieves SFV of its obligations under this agreement.

• LTES Operator may terminate this agreement with immediate effect by notice in writing to SFV if SFV fails to comply in a material respect with an obligation under this agreement and SFV does not remedy that failure within 60 Business Days after receiving notice from LTES Operator of that failure.

• SFV may not exercise its right under this clause more than once in any 12 month period.

• SFV and LTES Operator agree to co-operate with Security Trustee and to execute all documents as are reasonably necessary to give effect to any assignment, transfer or novation (or any combination of these things) under clause 5.1 (“Transfer”).

• Security Trustee must give notice to SFV (copied to LTES Operator) if it has fully and finally discharged all of the Security.

• SFV agrees that if a Termination Event occurs, LTES Operator’s rights, and SFV’s obligations, under the LTESA and the PDA are not, and will not be, affected while Security Trustee or any other Enforcing Party is able to or is exercising any right, power or remedy (including those described in this clause 4 or in connection with any Security) in connection with that Termination Event.

• SFV acknowledges that the Beneficiaries may provide financial accommodation to LTES Operator or any of its Related Bodies Corporate in reliance on the representations and warranties made by SFV in clause 2.1 (“Mutual representations and warranties”).

• LTES Operator must notify SFV within 5 Business Days after satisfying a Milestone.

More Definitions of SFV

SFV means the specialized financing vehicle as described in paragraph 2(c) of Schedule 1 to this Loan Agreement;