New Trade Finance Facility definition

New Trade Finance Facility means the up to US$600,000,000 committed trade finance facility, to be made available by the Fronting Banks on the terms set out in Section 2 (New Trade Finance Facility and New Hedging Support Facility Term Sheet) of Part 1 (Primary Restructuring Terms) of Schedule 2 (Restructuring Terms).
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New Trade Finance Facility means the up to USD700,000,000 committed trade finance facility, which will include hedging, with a maturity of 3 years after the Restructuring Effective Date and to be made available to Trading Co by the Fronting Banks on competitive market terms, in which Existing Senior Creditors may elect to risk participate in accordance with paragraph 2.2 below.
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New Trade Finance Facility means the up to US$600 million trade finance facility to be provided by the Fronting Banks to (among others) Trading Co, substantially on the same terms as set out the Restructuring Support Agreement pursuant to a facility agreement the form of which shall be appended to the Explanatory Statement.
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Examples of New Trade Finance Facility in a sentence

  • An existing pole or replacement pole used for a SWF shall have the antennas contained within an eighteen inch (18”) (OD) canister mounted at the top of the pole or a panel antenna that is mounted within six inches (6”) from the face of the pole to the back of antenna.

  • The intercreditor relationships among, among others, the fronting banks and participants under the New Trade Finance Facility, the New Hedging Support Facility and the Increase Trade Finance Facility and the holders of the New Trading Co Bonds will be set out in an intercreditor agreement which reflects, among other things, the intercreditor principles set out in the Intercreditor Principles Term Sheet.

  • Documentation and terms: The documentation, structure and terms of the Facility will be set out in a facility agreement (the “Facility Agreement”), based on a Loan Market Association precedent but with mechanics and other terms appropriate for the nature of the Facility and otherwise amended to reflect the position agreed in the facility agreement relating to the New Trade Finance Facility.

  • These violations involved prohibited importations into the United States of goods originating in Serbia.

  • On the Restructuring Effective Date, each Fronting Bank to enter into the New Trade Finance Facility, and each Existing Senior Creditor who has elected to do so to risk participate in the New Trade Finance Facility in accordance with their election described in paragraph 2.2.

  • Each Fronting Bank is expected to risk participate in the New Trade Finance Facility in an amount of at least USD50,000,000 (the “ Fronting Bank Risk Allocation”).

  • The Ad Hoc Group to underwrite the full amount of the risk participation in the New Trade Finance Facility (less the Fronting Bank Risk Allocation) in consideration of a fee of 5% of that amount.

  • In connection with their vote on the Schemes, Existing Senior Creditors to be entitled to elect to risk participate in an amount of the New Trade Finance Facility pro rata to their Existing Senior Claims in accordance with paragraph 3.2(a) below.

  • The intercreditor relationships among, among others, the fronting banks and participants under the New Trade Finance Facility and the New Hedging Support Facility and the holders of the New Trading Co Bonds will be set out in an intercreditor agreement which reflects, among other things, the Intercreditor Principles (see Section 6 (Intercreditor Principles Term Sheet) of Schedule 2 (Restructuring Terms)).

  • It was noted that on 14 March 2018, the Company and an ad hoc group of certain existing senior creditors of the Group entered into the conditional risk sub-participation agreement (the “CRPA”) pursuant to which the creditors agreed to risk participate in the New Trade Finance Facility and New Hedging Support Facility for their respective commitments.


More Definitions of New Trade Finance Facility

New Trade Finance Facility means the US$600 million trade finance facility to be provided by the Fronting Banks to (among others) Trading Co pursuant to the New Trade Finance and Hedging Support Facilities Agreement.
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Related to New Trade Finance Facility

  • Existing Facility Agreement means Existing Facility Agreement A, Existing Facility Agreement B, Existing Facility Agreement C and Existing Facility Agreement D and, in the plural, means all of them;

  • Advance Facility As defined in Section 3.22.

  • Energy facility means an energy plant or transmission

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Renewable energy facility means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source.

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.

  • L/C Facility means the letter of credit facility established pursuant to Article III.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Amended Facility Agreement means the Facility Agreement as amended and supplemented by this Agreement.

  • Holding facility means a designated area for the retention of

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Triage facility means a short-term facility or a portion

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • Qualified incubator facility means a commercial building

  • Bridge Facility means the Commitments and any Advances made thereunder.

  • Credit Line Agreement means the related credit line account agreement for a Mortgage Loan executed by the related mortgagor and any amendment or modification of it.

  • Clean coal SNG facility means a facility that uses a

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • New Credit Facility is defined in Section 9.8.