Invoice Discounting Facility definition

Invoice Discounting Facility a debt purchase facility provided on the terms of the Agreement;

Invoice Discounting Facility means the invoice discounting facility provided to the Company by AIB Commercial Finance Limited pursuant to the terms of the debt purchase agreement dated 1 July 2023 between the Company and AIB Commercial Finance Limited;

Invoice Discounting Facility shall be amended by the deletion of the words "(pound)20,000,000 (twenty million pounds Sterling)" and the substitution therefor of the words "(pound)15,000,000 (fifteen million pounds Sterling);"

Examples of Invoice Discounting Facility in a sentence

• In so far as you have applied for an Export and/or Currency Invoice Discounting Facility, then Parts I, II and V of the Operating Conditions will apply to you.

• In so far as you have applied for a Euro Invoice Discounting Facility, then Parts I, II and III of the Operating Conditions will apply to you.

• LND shall not be concerned as to the use or application of amounts made available under the Invoice Discounting Facility.

• SCHEDULE 1 Part 1 1 Maximum Loan Amount:- £250,000 (Pounds Sterling Two Hundred and Fifty Thousand) (clauses 1.1 and 2.1) 2 Aggregate Limit:- £2,500,000 (Pounds Sterling Two Million Five Hundred Thousand) including the £2,000,000 (Pounds Sterling Two Million) Invoice Discounting Facility, the £250,000 (Pounds Sterling Two Hundred and Fifty) Plant & Machinery Loan and the £250,000 (Pounds Sterling Two Hundred and Fifty Thousand) Stock Loan.

• Credit Limit: (Applicable to a Non-Recourse Invoice Discounting Facility only) The amount for which Barclays will accept the Credit Risk in respect of Debts due by a Debtor.

• Each Client undertakes that it will only utilise the Invoice Discounting Facility as permitted by this Clause 3.

• Part 1 1 Maximum Loan Amount:- £250,000 (Pounds Sterling Two Hundred and Fifty Thousand) (clauses 1.1 and 2.1) 2 Aggregate Limit:- £2,500,000 (Pounds Sterling Two Million Five Hundred Thousand) including the £2,000,000 (Pounds Sterling Two Million) Invoice Discounting Facility, the £250,000 (Pounds Sterling Two Hundred and Fifty) Plant & Machinery Loan and the £250,000 (Pounds Sterling Two Hundred and Fifty Thousand) Stock Loan.

• If, following the implementation of monetary union, LND so requires, this Agreement will be amended to the extent LND specifies to be necessary to reflect the implementation of monetary union and the redenomination of the Invoice Discounting Facility (or part thereof) and to put the Parties to this Agreement in the same position, so far as possible, that they would have been in had monetary union not occurred and the Client agrees to pay the costs of LND incurred in respect thereof.

• Notwithstanding any other term of this Agreement, LND shall not be under any obligation to make the Invoice Discounting Facility available to the Clients unless LND has notified the Initial Client that all the conditions set out in Schedule 1 have been satisfied on or waived in writing by LND or before 30th April 1998.

More Definitions of Invoice Discounting Facility

Invoice Discounting Facility a Facility provided on the terms of this Agreement where the applicable Operating Conditions include Parts I to IV “Issuer” a bank or other financial institution approved by us which issues a Contingent Instrument on your behalf.

Invoice Discounting Facility means the invoice discounting facility of up to (Pounds)7,000,000 referred to in Clause 2.1 or the Sterling Equivalent.

Invoice Discounting Facility means the US$80 million invoice discounting facility provided under the document entitled ‘Facility Agreement relating to discount facility of up to US$80,000,000’ dated 17 July 2013 between EPIL (as borrower) and BNP Paribas (as financier), as amended and restated from time to time; IOL means InterOil Limited (Company Number 1-22826), details of which are described in Item 5 of Schedule1;