Vehicle Finance Facility definition

Vehicle Finance Facility. A lease purchase facility provided by BMBF to the Customer under a Finance Document for the provision of motor vehicles and related IT equipment.
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Examples of Vehicle Finance Facility in a sentence

  • If the ratio of Net Debt to EBITDA for the Relevant Period for each Quarter Day exceeds the relevant ratio set out in the table below alongside each Quarter Day as tested at each Quarter Day, no further facilities will be available to the Customer by BMBF under the Vehicle Finance Facility.

  • No further facilities will be made available to the Customer by BMBF under the Vehicle Finance Facility if Gross Debt exceeds the Gross Debt Limit during the relevant Debt Restriction Test Period as set cut in the table below.

  • We attach to this covenant compliance certificate copies of spreadsheets containing calculations and other appropriate and relevant data evidencing the calculation of the operational and financial covenants set out in the Schedule below and referred to in the Agreement in relation to the Vehicle Finance Facility and in accordance with the undertaking given by Streetcar Limited pursuant to Clause 8.2 of the Agreement.

  • If the parties have failed to satisfy this Clause 2.4 by the Expiry Date, no further facilities will be available to the Customer by BMBF under the Vehicle Finance Facility; all sums outstanding pursuant to the Vehicle Finance Facility shall become immediately due and owing; and BMBF may terminate the Vehicle Finance Facility.

  • You are aware that the breach of the Net Debt to EBITDA ratio described in paragraph (a) above will trigger a drawstop under the Vehicle Finance Facility.