Asset Securitization means a public or private transfer of installment receivables, credit card receivables, lease receivables, mortgage loan receivables, policyholder loan receivables or any other type of secured or unsecured financial assets, which transfer is recorded as a sale according to GAAP as of the date of such transfer.
Asset Securitization means a sale, other transfer or factoring arrangement by the Company and/or one or more of its Subsidiaries of accounts, related general intangibles and chattel paper, and the related security and collections with respect thereto to a special purpose Subsidiary (an “SPV”), and the sale, pledge or other transfer by that SPV in connection with financing provided to that SPV, which financing shall be “non-recourse” to the Company and its Subsidiaries (other than the SPV) except pursuant to the Standard Securitization Undertakings.
Asset Securitization means a sale, other transfer or factoring arrangement by the Borrower and/or one or more of its Subsidiaries of accounts, related general intangibles and chattel paper, and the related security and collections with respect thereto to a special purpose Subsidiary (an “SPV”), and the sale, pledge or other transfer by that SPV in connection with financing provided to that SPV, which financing shall be “non-recourse” to the Borrower and its Subsidiaries (other than the SPV) except pursuant to the Standard Securitization Undertakings.
Examples of Asset Securitization in a sentence
TD North Tower 25th floor 70 Xxxx Xx. Xxxx, Xxxxxxx XX, X0X 0X0 Attention: ASG Asset Securitization E-mail: axxxxxxxxxxxx@xxxxxxxxxxxx.xxx Commitment: $235,000,000230,000,000 U.S. BANK NATIONAL ASSOCIATION, as Purchaser Agent, Uncommitted Purchaser and Related Committed Purchaser By: Name: Title: Address for notice: U.S. Bank National Association 200 X.
More Definitions of Asset Securitization
Asset Securitization means a public or private transfer of installment receivables, credit card receivables, lease receivables, mortgage loan receivables, policyholder loan receivables, premiums, debt obligations or any other type of secured or unsecured financial assets or rights to future payments of any kind, or interests therein, which transfer is recorded as a sale according to GAAP as of the date of such transfer.
Asset Securitization means the sale of accounts receivable and related assets of a Person in connection with a bona fide asset securitization program.
Asset Securitization means, with respect to any Person, a transaction involving the sale or transfer of receivables by such Person to a special purpose corporation or grantor trust (an "SPV") established solely for the purpose of purchasing such receivables from the Company for Cash in an amount equal to the Fair Market Value thereof; provided, however, that the Company may (A) establish and maintain a reserve account containing Cash or Securities as a credit enhancement in respect of any such sale, or (B) purchase or retain a subordinated interest in such receivables being sold.
Asset Securitization means a sale, lease, transfer or other disposition (or series of related sales, leases, transfers or dispositions) by or on behalf of a person at the election of such person involving receivables and/or other assets in the course of an asset securitization transaction and regardless of the form of asset securitization.
Asset Securitization means any transaction or series of transactions that may be entered into by any Company pursuant to which such Company or any of its Subsidiaries may sell, convey or otherwise transfer any of their assets to a Special Purpose Entity, and pursuant to which the Special Purpose Entity will, in turn, pay to such Company a portion of the proceeds of a secured loan or debt offering to public or private investors (with such secured loan or debt offering being, among other things, non recourse to such Company).
Asset Securitization means the sale, disposition, transfer or assignment by Company or any of its Subsidiaries to a special purpose corporation, trust or other entity, of notes evidencing obligations to repay secured or unsecured loans owned by Company or any such Subsidiary, which notes are subsequently sold, transferred or assigned to one or more Asset Securitization Affiliates, and, as a result of such sale, transfer or assignment, bonds, certificates or other evidences of ownership representing interests in pools of such loans are issued, either simultaneously or subsequently.
Asset Securitization means any transaction or series of transactions that may be entered into by any Company pursuant to which such Company or any of its Subsidiaries may sell, convey or otherwise transfer any of their assets to a Special Purpose Entity, and pursuant to which the Special Purpose Entity will, in turn, pay to such Company a portion of the proceeds of a secured loan or debt offering to public or private investors (with such secured loan or debt offering being, among other things, non-recourse to Borrower).