Financing Credit definition

Financing Credit means a credit to your Account, calculated in accordance with Section 4.
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Financing Credit means either “Financing Charge” or “Financing Credit”, and reflects the cost of funding an open position (in relation to the margin utilised). The Financing Cost is calculated on a per position basis and may be a charge or a credit, depending on whether the position is a buy/long position or a sell/short position, and the impact of our admin fee. Does not apply to ‘Swap Free’ Accounts
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Financing Credit means a credit to your Account, calculated in accordance with
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Examples of Financing Credit in a sentence

  • Holding a position overnight may result in either a Financing Charge or a Financing Credit.

  • This review/action schedule also will likely coincide with potential Council consideration and public hearing of a Tax Increment Financing Credit Enhancement Agreement between the City and Building 6, LLC for the purpose of the City offering the equivalent of a $400,000 loan guarantee for a period of 5 years to Androscoggin Bank who will be providing financing to Building 6, LLC.

  • Seller shall cooperate with Buyers in the preparation, execution and delivery, as soon as practicable after the Closing Date, of written notices executed to each holder of any Existing Financing (Credit Lyonaisse), to all utility companies servicing the Real Property, and to Taxing Authorities having jurisdiction over the Real Property, changing the address for service of notice and delivery of statements and bills.

Related to Financing Credit

  • Debt Financing has the meaning set forth in Section 5.7.

  • Debt Commitment Letter has the meaning set forth in Section 4.20.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, rate floors, discounts, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Agent notifies the Parent Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • Existing Credit Agreement as defined in the recitals hereto.