AR Facility definition

AR Facility means the receivables financing facility by and among Worthington Receivables, as seller, the Company, as servicer, the members of the various purchaser groups from time to time party thereto and PNC Bank, National Association, as administrator, in each case as may be amended, restated, refinanced or otherwise modified from time to time (or any replacement or substitute thereof).

AR Facility means the Parent’s revolving accounts receivable securitization facility entered into on June 30, 2017, by and among the Parent, Outfront Media LLC, Outfront Media Receivables LLC, Outfront Media Receivables TRS, LLC and MUFG Bank, Ltd, as amended and restated on July 19, 2019, as may be further amended, supplemented, modified, extended, renewed, restated, refunded, refinanced or replaced from time to time.

AR Facility means the credit facility provided for under the A/R Facility Credit Agreement.

Examples of AR Facility in a sentence

• For the avoidance of doubt and notwithstanding anything in this Agreement to the contrary, [A/R Lender] shall not file or join in any motion or pleading in connection with any Insolvency Proceeding or take any other action seeking to recharacterize any Intellectual Property, the proceeds thereof, or any other CRG Senior Collateral or proceeds thereof as A/R Facility Senior Collateral.

• The DPP is paid to the Company in cash on behalf of the Purchaser as the Receivables are collected; however, due to the revolving nature of the AR Facility, cash collected from the Company's customers is reinvested by the Purchaser monthly in new Receivable purchases under the AR Facility.

• Under the AR Facility, certain of the Company's subsidiaries continuously sell trade accounts receivable and contract assets (the “Receivables”) to wholly owned special purpose entities at fair market value.

• Notwithstanding anything contained herein, no provision of this Agreement shall be deemed to waive, amend, limit or otherwise modify any term or condition of the CRG Credit Agreement and the A/R Facility Documents.

• The AR Facility is recorded as a sale of accounts receivable, and accordingly sold receivables are derecognized from the consolidated balance sheet.

More Definitions of AR Facility

AR Facility means that certain prepetition secured accounts receivable facility provided for under the A/R Facility Credit Agreement in the original aggregate principal amount of $150.0 million between Acosta ARC II, as borrower, Acosta, as master servicer, certain of the Debtors as originators, obligors or guarantors, the A/R Facility Agent, and the A/R Facility Lenders.

AR Facility means the Facility evidenced by the Total AR Commitment.

AR Facility means the receivables financing facility under the Second Amended and Restated Receivables Purchase Agreement dated as of the date hereof (the “RPA”) by and among, Presidio Capital Funding LLC, as Seller, the Company, as Servicer, the sub-servicers from time to time party thereto, the various purchaser groups from time to time party thereto and PNC Bank, National Association as Administrator and the Transaction Documents (as defined in the RPA), in each case, as may be amended, restated, refinanced or otherwise modified from time to time to the extent that, after giving effect thereto, such facility constitutes a Permitted Securitization Facility.

AR Facility means such accounts receivable facility as may be entered into in accordance with the Investment Agreement;

AR Facility means the receivables financing facility under the receivables purchase agreement and related agreements expected to be in effect on the Issue Date by and among, Presidio Capital Funding LLC (or any other Securitization Subsidiary), as Seller, Presidio, Inc., as Servicer, the sub-servicers from time to time party thereto, the various purchaser groups from time to time party thereto and PNC Bank, National Association, as Administrator, and the agreements relating thereto, in each case, as may be amended, restated, refinanced or otherwise modified from time to time.

AR Facility means all Indebtedness and other obligations of the Company and its Subsidiaries pursuant to that certain Credit and Security Agreement, dated June 27, 2023 (the “AR Credit Agreement”), by and between Scilex Pharmaceuticals, Inc., as borrower, and eCapital Healthcare Corp., as lender, and the related Guaranty Agreement, dated June 27, 2023, by and between eCapital Healthcare Corp. and the Company, as guarantor, in each case, as in effect on the date of the Securities Purchase Agreement.

AR Facility shall have the meaning ascribed to such term in the Note.