Securitization Program definition

Securitization Program means, with respect to any Person, any financing or sales transaction or series of financing or sales transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may, directly or indirectly, sell, convey, or otherwise transfer, or grant a security interest in, accounts, payments, or receivables (whether such accounts, payments, or receivables are then existing or arising in the future), collections and other proceeds arising therefrom, and any securitization related property to a special purpose Subsidiary or Affiliate of such Person.

Securitization Program means, with respect to any Person, any financing or sales transaction or series of financing or sales transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may, directly or indirectly, sell, convey, or otherwise transfer, or grant a security interest in Receivables and Related Assets, accounts, payments, or receivables (whether such accounts, payments, or receivables are then existing or arising in the future), collections and other proceeds arising therefrom, any rights to future lease payments or residuals or similar rights to payment to, or any securitization related property to a special purpose Subsidiary or Affiliate of such Person.

Securitization Program means, with respect to any Person, an agreement or other arrangement or program providing for the sale, transfer or conveyance to a Securitization SPV of Receivables Assets in exchange for the advance of funds to such Person and/or one or more of its Subsidiaries pursuant to documentation (including customary performance guaranties) reasonably acceptable to the Administrative Agent (including, without limitation, an intercreditor agreement).

Examples of Securitization Program in a sentence

• Upon execution of the Exit Securitization Program Documents, all Liens and security interests granted by the Reorganized Debtors pursuant to, or in connection with, the Exit Securitization Program shall be valid, binding, perfected, enforceable Liens and security interests in the property subject to a security interest granted by the applicable Reorganized Debtors pursuant to the Exit Securitization Program, with the priorities established in respect thereof under applicable non-bankruptcy law.

• The Accounting Principles and the Sample Pro Forma Closing Net Asset Value Statement attached as Exhibit 5.02 have been prepared on a pro forma basis assuming that the Securitization Program did not exist.

• Xxxxxxx Polymer will repurchase all then outstanding Receivables subject to the Securitization Program prior to Closing, and such Receivables will be included in the Closing Net Asset Value Statement.

• The reclassification of $80.7 million of restricted cash held to cash and cash equivalents relates to changes to the Accounts Receivable Securitization Program that are contemplated in the Plan.

• Furthermore, all of the provisions of the Interim Order, related to the refinancing in full or defeasance of Indebtedness outstanding under the Receivables Securitization Program are hereby incorporated by reference and the completion of all aspects of such refinancing or defeasance is hereby authorized.

More Definitions of Securitization Program

Securitization Program means, with respect to any Person, any financing or sales transaction or series of financing or sales transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may, directly or indirectly, sell, convey, or otherwise transfer, or grant a security interest in Receivables, accounts, payments, or receivables (whether such accounts, payments, or receivables are then existing or arising in the future), collections and other proceeds arising therefrom, any rights to future lease payments or residuals or similar rights to payment to, or any securitization related property to a special purpose Subsidiary or Affiliate of such Person.

Securitization Program means the program pursuant to which accounts receivable of Xxxxxxx Polymer are factored to a third party lender.

Securitization Program means a transaction or series of transactions providing for the sale, securitization or other asset-backed financing of accounts receivable of any of the Restricted Credit Parties;

Securitization Program means the Series 2006-1 Certificates issued by Target Credit Card Master Trust and related documentation.

Securitization Program means the receivables securitization program conducted by the Borrower, the Securitization Program Subsidiaries and any other special purpose receivables Subsidiary that may be formed or become a Subsidiary in the future pursuant to the Securitization Program Documents as in effect from time to time in accordance with the terms hereof.

Securitization Program means, with respect to any Person, any financing or sales transaction or series of financing or sales transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may, directly or indirectly, sell, convey, or otherwise transfer, or grant a security interest in, accounts, payments, or receivables (whether such accounts, payments, or receivables are then existing or arising in the future), collections and other proceeds arising therefrom, and any securitization related property to a special purpose Subsidiary or Affiliate of such Person. Jabil Credit Agreement 15

Securitization Program the accounts receivable securitization program governed by the documents, instruments, and agreements executed and delivered by PHC Funding Corp. II, PHC and certain Subsidiaries of PHC, initially entered into as of April 16, 1993 with Sheffield Receivables Corporation, together with any documents, instruments and agreements from time to time executed and delivered in connection therewith. Seller: as defined in the Recitals.