Clean down finance meaning
WebClean-down clause. A provision applicable to a working capital or overdraft facility to ensure that the borrower is not using that facility as long-term debt. Such a clause will specify that the working capital or overdraft facility must be undrawn for a specified … Webclean-down clause. A provision applicable to a working capital or overdraft facility to ensure that the borrower is not using that facility as long-term debt. Such a clause …
Clean down finance meaning
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WebWhat does Clean-down mean? A clean down provision obliges the borrower to ensure that there are no revolving credit facility loans outstanding for a period of a few days … WebDec 7, 2024 · It means that any excess free cash flow generated by a company will be used by the bank to pay down the outstanding debt of the revolver ahead of schedule. Doing …
WebSep 14, 2024 · Clean Down Period means any 30 consecutive day period during which the average amount of the Total Unutilized Revolving Loan Commitment shall be … Web“To us, clean = accurate. Transactions are recorded properly, in the correct accounts, for the right amount on the correct date.” “Also, clean = consistent. We are recording the …
WebDuring this period, financing structures evolved to meet the demands of the changing investor base. Borrowers, in particular the large private equity houses, took full … WebMar 31, 2024 · Finance charges are a form of compensation to the lender for providing the funds, or extending credit, to a borrower. These charges can include one-time fees, such as an origination fee on a...
WebClean-Down Debt means, as at any date of determination, the sum of (i) the outstanding Loans, (ii) that portion of the Letter of Credit Usage consisting of Unreimbursed drawings under Letters of Credit, and ( iii) outstanding Indebtedness of the Borrowers permitted under Sections 6.1 (x) and 6.1 (xi). Sample 1 Based on 1 documents
WebAs with the representations and warranties, events of default will depend on the type of fund, but generally include: (i) the removal of the manager upon its insolvency; (ii) the termination of the fund; (iii) a cancellation threshold (usually 5-20 percent of undrawn commitments being cancelled); (iv) an insolvency threshold (usually 5-20 percent … birthe larsenWebDefine Clean Down. means the event that the amount outstanding under the Revolving Facilities, less cash and cash equivalents of the Group, amounts to zero (0) or less, for a … danze bathroom shower squareWebA clean Price is always less than or equal to a dirty price. A clean price can never be higher than a dirty price unless a negative interest rate is applied. A clean price just informs the … danze bathroom faucets reviewWebJun 19, 2024 · A line of credit (LOC) is a preset borrowing limit that a borrower can draw on at any time that the line of credit is open. Types of credit lines include personal, business, and home equity,... danze cartridge showerWeb1 transitive to remove the dirt from something Paul is cleaning his car. Do you want the windows cleaned? You should clean your teeth twice a day. clean something off something: I cleaned the mud off my boots. Synonyms and related words - To make things cleaner or tidier clean up clear out clean ... Explore Thesaurus Collocations - danze brushed nickel bathroom faucetsWebclean down. To clean someone or something by brushing or hosing the dirt off. A noun or pronoun can be used between "clean" and "down." You need to clean down your … danze cartridge water too hotWebOct 4, 2024 · The energy sector is a category of stocks that relate to producing or supplying energy. The energy sector or industry includes companies involved in the exploration and development of oil or... danze cartridge installation instructions