Permitted Receivables Transactions Sample Clauses
Permitted Receivables Transactions. On each date upon which the Parent or any of its Subsidiaries (other than a member of the CEAL Group to which the CEAL Exception Conditions apply) receives Permitted Receivables Transaction Proceeds, the Parent or the relevant Subsidiary shall:
(i) so long as no Event of Default has occurred and is continuing at the time of receipt by the Parent or any of its Subsidiaries, as the case may be, of such Permitted Receivables Transaction Proceeds:
(A) if the amount of Adjusted Permitted Receivables Transaction Outstandings is less than or equal to €200,000,000, be permitted to retain 100% of the relevant Permitted Receivables Transaction Proceeds; or
(B) if the amount of Adjusted Permitted Receivables Transaction Outstandings is greater than €200,000,000 but less than or equal to €300,000,000, be required to apply in accordance with Clause 13.3 (Application of Mandatory Prepayments) the relevant Applicable Proceeds in an amount equal to 50 per cent. of the amount of such Adjusted Permitted Receivables Transaction Outstandings less the higher of (i) €200,000,000 and (ii) the Adjusted Permitted Receivables Transaction Outstandings prior to receipt of such Applicable Proceeds; or
(C) if the amount of Adjusted Permitted Receivables Transaction Outstandings is greater than €300,000,000, be required to apply in accordance with Clause 13.3 (Application of Mandatory Prepayments) the relevant Applicable Proceeds in an amount equal to 100 per cent. of the amount of such Adjusted Permitted Receivables Transaction Outstandings less the higher of (i) €300,000,000 and (ii) the Adjusted Permitted Receivables Transaction Outstandings prior to receipt of such Applicable Proceeds and, if prior to such receipt, the aggregate Adjusted Permitted Receivables Transaction Outstandings were less than or equal to €300,000,000 an amount equal to 50 per cent. of the difference between €300,000,000 and the higher of (i) €200,000,000 and (ii) the Adjusted Permitted Receivables Transaction Outstandings prior to receipt of such Applicable Proceeds; and provided that the maximum aggregate amount of all Applicable Proceeds to be retained by the Parent and its Subsidiaries shall not exceed €250,000,000; and
(ii) if at any time an Event of Default has occurred and is continuing, be required to apply in accordance with Clause 13.3 (Application of Mandatory Prepayments) an amount equal to 100 per cent. of such Permitted Receivables Transaction Proceeds received after the occurrence of such Event o...
Permitted Receivables Transactions. On each date upon which the Parent or any of its Subsidiaries (other than a member of the CEAL Group to which the CEAL Exception Conditions apply) receives Permitted Receivables Transaction Proceeds (but excluding in any event proceeds of subsequent sales of Receivables Facility Assets pursuant to a Permitted Receivables Transaction after the initial sale of Receivables Facility Assets has occurred thereunder except to the extent the respective sale increases the Permitted Receivables Transaction Outstandings to an amount in excess of the previous highest amount of Permitted Receivables Transaction Outstandings theretofore in effect), the Borrower shall be required to apply in accordance with Clause 13.3 (
Permitted Receivables Transactions. Any sale or sales of, and/or securitization of, or transfer of, any Receivables of the Borrowers pursuant to which (a) the Receivables SPV realizes aggregate net proceeds of not more than $100,000,000 at any one time outstanding, including, without limitation, any revolving purchase(s) of Receivables where the maximum aggregate uncollected purchase price (exclusive of any deferred purchase price) for such Receivables at any time outstanding does not exceed $100,000,000, (b) the Receivables shall be transferred or sold to the Receivables SPV at fair market value or at a market discount, and shall not exceed $125,000,000 in the aggregate at any one time and (c) obligations arising therefrom shall be non- recourse to the Borrower and its Subsidiaries (other than the Receivables SPV).
Permitted Receivables Transactions. For purposes of this Section 6.04, a "
Permitted Receivables Transactions. Any sale or sales of, and/or securitization of, or transfer of, any Receivables of the Borrowers pursuant to which (a) the Receivables SPV realizes aggregate net proceeds of not more than $100,000,000 at any one time outstanding, including, without limitation, any revolving purchase(s) of Receivables where the maximum aggregate uncollected purchase price (exclusive of any deferred purchase price) for such Receivables at any time outstanding does not exceed $100,000,000, (b) the Receivables shall be transferred or sold to the Receivables SPV at fair market value or at a market discount, and shall not exceed $125,000,000 in the aggregate at any one time and (c) obligations arising therefrom shall be non-recourse to the Borrower and its Subsidiaries (other than the Receivables SPV). Person. Any individual, corporation, limited liability company, partnership, trust, unincorporated association, business, or other legal entity, and any government or any governmental agency or political subdivision thereof. P▇▇▇▇▇ County LLC. P▇▇▇▇▇ County Recycling, Composting and Disposal, LLC, a Washington limited liability company. P▇▇▇▇▇ County Management. P▇▇▇▇▇ County Landfill Management, Inc., a Delaware corporation. P▇▇▇▇▇ County Put. The put option of the minority interest holders in both P▇▇▇▇▇ County LLC and P▇▇▇▇▇ County Management, the exercise of which would obligate the Parent to purchase the additional interests of both P▇▇▇▇▇ County LLC and P▇▇▇▇▇ County Management for cash. Platform. See §6.4. Pricing Level Leverage Ratio Applicable Eurodollar Margin (per annum) Applicable Base Rate Margin (per annum) Applicable L/C Margin (per annum) Applicable Commitment Rate (per annum) Any change in the applicable margin shall become effective on the first day after receipt by the Lenders of financial statements delivered pursuant to §6.4(a) or (b) which indicate a change in the Leverage Ratio. If at any time such financial statements are not delivered within the time periods specified in §6.4(a) or (b), the applicable margin shall be the highest rate set forth in the respective column of the Pricing Table, subject to adjustment upon actual receipt of such financial statements. In the event either the Borrowers or the Administrative Agent determine, in good faith, that the calculation of the Leverage Ratio on which the applicable margin for any particular period was determined is inaccurate and, as a consequence thereof, the applicable margin utilized by the Lenders was low...
Permitted Receivables Transactions. On each date upon which the Parent or any of its Subsidiaries (other than a member of the CEAL Group to which the CEAL Exception Conditions apply) receives Permitted Receivables Transaction Proceeds (but excluding in any event proceeds of subsequent sales of Receivables Facility
Permitted Receivables Transactions. (a) The following new definitions are added in alphabetical order in Section 1.01 of the Credit Agreement:
Permitted Receivables Transactions. Any sale or sales of, and/or securitization of, or transfer of, any Receivables of the Borrowers pursuant to which (a) the Receivables SPV realizes aggregate net proceeds of not more than $75,000,000 at any one time outstanding, including, without limitation, any revolving purchase(s) of Receivables where the maximum aggregate uncollected purchase price (exclusive of any deferred purchase price) for such Receivables at any time outstanding does not exceed $75,000,000, (b) the Receivables shall be transferred or sold to the Receivables SPV at fair market value or at a market discount, and shall not exceed $100,000,000 in the aggregate at any one time and (c) obligations arising therefrom shall be non-recourse to the Borrower and its Subsidiaries (other than the Receivables SPV). ▇▇▇▇▇▇ County LLC. ▇▇▇▇▇▇ County Recycling, Composting and Disposal, LLC, a Washington limited liability company. ▇▇▇▇▇▇ County Management. ▇▇▇▇▇▇ County Landfill Management, Inc., a Delaware corporation. ▇▇▇▇▇▇ County Put. The put option of the minority interest holders in both ▇▇▇▇▇▇ County LLC and ▇▇▇▇▇▇ County Management, the exercise of which would obligate the Parent to purchase the additional interests of both ▇▇▇▇▇▇ County LLC and ▇▇▇▇▇▇ County Management for cash. Post-Closing Agreement. The Post-Closing Agreement to be dated as of the Closing Date between the Borrowers and the Administrative Agent. Post-Closing Facility Increase. See §18(g). Pricing Table I. Greater than or equal to 3.50:1 2.00% 0.50% 2.00% 0.50% II. Greater than or equal to 3.00:1 but less than 3.50:1 1.625% 0.125% 1.625% 0.375% III. Greater than or equal to 2.50:1 but less than 3.00:1 1.25% 0.00% 1.25% 0.30% IV. Greater than or equal to 2.00:1 but less than 2.50:1 1.00% 0.00% 1.00% 0.25% VI. Less than 2.00:1 0.875% 0.00% 0.875% 0.20% Any change in the applicable margin shall become effective on the first day after receipt by the Lenders of financial statements delivered pursuant to §7.4(a) or (b) which indicate a change in the Leverage Ratio. If at any time such financial statements are not delivered within the time periods specified in §7.4(a) or (b), the applicable margin shall be the highest rate set forth in the respective column of the Pricing Table, subject to adjustment upon actual receipt of such financial statements. Notwithstanding the above, the pricing for the period commencing on the Closing Date until the date on which the Borrowers deliver to the Administrative Agent a Compliance Certifica...