Define: Banking Facilities

How is Banking Facilities defined in a legal contract?

• Banking Facilities means the range of services that a bank can offer to its clients or to others based on the request of its clients. Seen in 14 SEC filings
• Banking Facilities means the financial services that a bank opts to offer to its clients or any other person upon the client's request, at any of a bank's branches or offices now or in the future. Seen in 9 SEC filings
• Banking Facilities means the variety of services a bank decides to provide to its customers. Seen in 5 SEC filings
• Banking Facilities means a collection of services such as overdraft facility, letter of guarantee facility, and extra long term guarantee facility that a bank can offer. Seen in 3 SEC filings
• Banking Facilities means the provision of all advances, loans, credit, overdraft, letters of credit, trust receipts, and other banking services or accommodations from time to time granted or agreed to be granted or continued to be granted by a bank to a borrower, whether alone or jointly with any other person or under whatever style name or form. Seen in 3 SEC filings
• Banking Facilities means the general banking services including but not limited to granting of loans, advances, overdraft, letters of credit and trust receipt facilities and/or issuance of guarantees to be offered to the assignor by the assignee up to a certain limit subject to any specific agreement between them from time to time. Seen in 2 SEC filings
• Banking Facilities means some or all the loans, advances, credit or banking facilities or other accommodations which a lender agrees to grant or has granted or continues to make available to or for the benefit of the borrower and/or the assignor from time to time. It includes any part of the outstanding balance thereof from time to time. Seen in 2 SEC filings

Please note: The above definitions have been simplified from their original sources. They preserve the core meaning without specific details that pertain to individual cases.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of banking facilities' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Banking Facilities means a bank's provision of various financial services pertaining to loans, overdrafts, and guarantees to its customers.

Relevant Contract Type

• Loan Agreement Contract
• Bank Guarantee Contract
• Overdraft Agreement

Relevant Circumstances

• Need for capital for business operations
• Requirement of a short-term loan or overdraft facility to manage cash flow
• Need for a guarantee to enter into a business contract

Relevant Sectors

• Banking and Financial Services
• Real Estate
• Manufacturing
• Technology

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Genie Definition 2

• Banking Facilities means a range of accommodations including loans, advances, and credit facilities, granted by a lender to a borrower.

Relevant Contract Type

• Business Loan Agreement
• Personal Loan Agreement
• Mortgage Agreement

Relevant Circumstances

• Financial needs for personal or professional endeavours
• Investment in real estate or other large assets
• Debt consolidation or refinancing opportunities

Relevant Sectors

• Finance
• Consumer Banking
• Retail
• Construction

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