Permitted Receivables Financing. The facility established by this Agreement and the other Transaction Documents is permitted by, and constitutes a “Permitted Receivables Financing” under and as defined in, the First Lien Credit Agreement and the Senior Secured Notes Indenture, each as in effect on the relevant date of determination.
Permitted Receivables Financing. The Seller shall cause the facility established by this Agreement and the other Transaction Documents to at all times (i) constitute a “Permitted Receivables Financing” under and as defined in the Credit Agreement as in effect on the relevant date of determination and (ii) be permitted by the terms of the Credit Agreement.
Permitted Receivables Financing. The Servicer shall cause the facility established by this Agreement and the other Transaction Documents to at all times (i) constitute a “Permitted Receivables Financing” under and as defined in the Credit Agreement as in effect on the relevant date of determination and (ii) be permitted by the terms of the Credit Agreement.
Permitted Receivables Financing. The transactions contemplated by this Agreement and the other Transaction Documents, and the Luxembourg Recapitalization Transactions, are permitted under the Xxxxxxxx Credit Agreement.
Permitted Receivables Financing. The Buyer is a “Securitization Subsidiary,” this Agreement and the other Transaction Documents are “Permitted Receivable Financing Documents” and the transactions contemplated hereby and thereby are a “Permitted Receivables Financing,” each within the meaning of the Xxxxxxxx Credit Agreement.
Permitted Receivables Financing. The Borrower shall cause any purchaser pursuant to a Permitted Receivables Financing to make or settle all cash payments due from such purchaser to the Borrower or any Subsidiary attributable to the sale of receivables in connection with any Permitted Receivables Financing within two (2) Business Days of sale of the receivables giving rise to such payment. In the event that any Borrowing Base Certificate previously delivered to the Agent includes any receivables sold pursuant toconnection with such sale or discount, all Credit Card Receivables and related assets in connection with a Permitted Receivables Financing, shall be removed from the Borrowing Base and shall no longer be Eligible Credit Card Receivables, and the Borrower shall deliver the Agent an updated Borrowing Base Certificate prepared after giving pro forma effect to such sale within five (5) Business Days following the consummationon or prior to the date of such sale.
Permitted Receivables Financing. Agent shall have reviewed and the terms and conditions of the Permitted Receivables Financing, shall be satisfied with such terms and conditions and shall have confirmed that the Credit Parties are in compliance therewith, both before and after giving effect to this Agreement, the transactions contemplated hereby, and the Related Transactions and the transactions contemplated thereby.
Permitted Receivables Financing. Upon any of the Credit Parties obtaining knowledge thereof, the Borrowers will give written notice to the U.S. Administrative Agent promptly (and in any event within two Business Days) of (i) any affirmative decision by a party to a Permitted Receivables Financing not to extend the scheduled termination date of such Permitted Receivables Financing or (ii) a termination (whether scheduled or unscheduled) of a Permitted Receivables Financing that is reasonably likely to occur within 60 days.
Permitted Receivables Financing. The Borrower shall cause any purchaser pursuant to a Permitted Receivables Financing to make or settle all cash payments due from such purchaser to the Borrower or any Subsidiary attributable to the sale of receivables in connection with any Permitted Receivables Financing within two (2) Business Days of sale of the receivables giving rise to such payment. In the event that any Borrowing Base Certificate previously delivered to the Agent includes any receivables sold pursuant to a Permitted Receivables Financing, the Borrower shall deliver the Agent an updated Borrowing Base Certificate prepared after giving effect to such sale within five (5) Business Days following the consummation of such sale.
Permitted Receivables Financing. The term “
