Definition of credit facility
WebCommitted credit facilities are a type of credit facility where the borrower and lender negotiate specific terms which, upon satisfaction by the borrower, obligate the lender to borrow the money. That is, if the borrower meets certain conditions precedent to the credit facility agreement, then the lender must extend a line of credit to the borrower. The … Webfacility meaning: 1. a place, especially including buildings, where a particular activity happens: 2. the buildings…. Learn more.
Definition of credit facility
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WebCreate PDL Credit Equipment. means to total facilities founded via PDL available the Borrower pursuant to to credit agreement made between PDL, the Borrower and few Company of of Borrower dated as of July 10, 2012. WebCredit Facilities means one or more debt facilities or agreements or commercial paper facilities, in each case, with banks, other institutional lenders, commercial finance companies or other lenders providing for revolving credit loans, term loans, bonds, debentures, securitization financing ( including through the transfer of Securitization ...
WebDefine 2024 Credit Facility. means the $100 million credit agreement among the Corporation, Medical Facilities America and Medical Facilities Holdings (as borrowers) and a syndicate of financial institutions (as lenders) dated August 31, 2024, with a maturity date of August 31, 2025. The 2024 Credit Facility consists of a $75 million revolving credit … WebDec 21, 2024 · A trade credit is an agreement or understanding between agents engaged in business with each other that allows the exchange of goods and services without any immediate exchange of money. When the seller of goods or services allows the buyer to pay for the goods or services at a later date, the seller is said to extend credit to the buyer.
WebLetter of Credit Facility means, at any time, an amount equal to the least of (a) the aggregate amount of the Issuing Banks’ Letter of Credit Commitments at such time, (b) $200,000,000 and (c) the aggregate amount of the Revolving Credit Commitments, as such amount may be reduced at or prior to such time pursuant to Section 2.05. WebSep 26, 2024 · A letter of credit facility is a line of credit taken by a business entity, which can come in a variety of types with a variety of terms and used for a variety of purposes. A letter of credit facility specifically refers to a line of credit taken by a business entity primarily for the purpose of financing international trade.
WebFeb 16, 2024 · An example definition might read as follows: “Reasonable Credit Judgment” means, with respect to any Person, a determination or judgment made by such Person in …
WebJun 22, 2009 · A letter of credit facility is an agreement that allows you to establish letters of credit with one or more banks at the borrower’s discretion, which can be used as … regal cinemas anaheim hills showtimesWebDec 11, 2024 · What are the Types of Credit? T he three main types of credit are revolving credit, installment, and open credit. Credit enables people to purchase goods or services using borrowed money. The … regal cinemas 14 marysville waWebI volunteered in career writing workshops at non-profit centers named The Refuge (Cleveland, TN) and City of Refuge(Atlanta, Ga) in 2024. I performed environmental work at a mental health facility ... regal cinemas airway heights waWebCredit facilities definition: a type of loan made by a bank Meaning, pronunciation, translations and examples probank sharefileWebJun 20, 2024 · Definition and Example of a Revolving Loan Facility . A revolving loan facility is a type of credit issued by a financial company to, in most cases, a business. It comes with a maximum loan amount borrowers can draw from as needed. A revolving loan facility is commonly used to meet recurring business obligations. regal cinemas albany orWebMar 13, 2024 · A credit facility is a preapproved loan that can be drawn down at need. A business typically has a credit facility in place with its bank in order to fund its working … regal cinemas aliso viejo showtimesWeb1. A credit facility becomes due, cf. Article 32; and 2.There is a contractual payment of interests related to the facility, cf. Article 32. Question 1: In the case at hand, the legal contracts behind credit facilities between a credit institution and a banking customer state that customers are obliged to repay their debt in connection to a ... regal cinemas aiken sc now showing