Permitted Trade Finance Facility

Example Definitions of "Permitted Trade Finance Facility"
Permitted Trade Finance Facility. Means, each Finance Party agrees that the Borrower may subsequently apply to the Trade Finance Bank for issuing and/or conducting letter of credit (and subsequent import bills advance), domestic bank's acceptance bill, guarantee of non-financing nature and providing notes pool service, provided that at the end of any day within the Loan Period, the sum of the aggregate of outstanding amount under such trade finance facility and Outstanding Advances under this Agreement shall not exceed the... maximum aggregate principal amount of the Facility set forth in Clause 2. View More
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