VAT Facility definition

VAT Facility means a credit facility established by a commercial bank licensed in Mexico or Brazil in favour of any Guarantor organized under laws of Mexico or Brazil (or any political subdivision thereof) which credit facility is used solely to finance cash flow an amount equal to the value-added tax refund the relevant Guarantor is owed by the applicable Governmental Entity.

VAT Facility. Has the meaning set forth in Section 2.4(y).

VAT Facility means a credit facility established by a commercial bank licensed in Mexico or Brazil in favour of any Obligor organized under laws of Mexico or Brazil (or any political subdivision thereof) which credit facility is used solely to finance cash flow an amount equal to the value-added tax refund the relevant Obligor is owed by the applicable Official Body.

Examples of VAT Facility in a sentence

• Interest on the VAT Facility is being fully capitalized during construction and commissioning and paid quarterly starting on June 30, 2015.

• Interest on the VAT Facility will be fully capitalized during construction and commissioning.

• The natural vegetation in these areas have long been removed and modified due to human activities.

• The VAT Facility was repaid in full on June 30, 2016 and was subject to interest at a variable rate of the Chilean Association of Banks and Financial Institutions Tasa Bancaria plus 1.75%, which at June 30, 2016 was 6.01% per annum.

• The VAT Facility is due on or before June 30, 2016 and is subject to interest at a variable rate of the Chilean Association of Banks and Financial Institutions Tasa Bancaria plus 1.75%, which at March 31, 2016 was 6.22% per annum.

More Definitions of VAT Facility

VAT Facility means a credit facility established by a commercial bank licensed in Mexico in favour of Camino Rojo which credit facility is used solely to finance an amount equal to certain value-added tax refunds Camino Rojo is owed by the applicable Official Body.

VAT Facility means a credit facility established by a commercial bank licensed in Mexico in favour of Llamarada which credit facility is used solely to finance an amount equal to certain value-added tax refunds Llamarada is owed by the applicable Official Body.

VAT Facility means the facility referred to as such in Clause 2 (The Senior Facilities) of this Agreement.

VAT Facility means a credit facility established for an Obligor or Subject Entity solely to bridge the payment of value added tax or other similar consumption tax refunds from an Official Body.

VAT Facility means a $93 million Peso equivalent unsecured loan to finance value added tax obligations in respect of the transactions contemplated by the Financing Documents, the Acquisition and ancillary transactions.

VAT Facility means the VAT facility made available to the Debtor pursuant to article 2.1(b) of the Facilities Agreement;

VAT Facility means the Facility evidenced by the Total VAT Loan Commitment.