Existing Factoring Agreement definition

Existing Factoring Agreement means that certain Recourse Factoring Agreement, dated as of September 6, 2017, between Bowling Green and Xxxxx Fargo, in its capacity as purchaser thereunder.
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Existing Factoring Agreement has the meaning set forth in the recitals.
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Existing Factoring Agreement the factoring agreement registered 29 April 2002 between the Borrower and Den norske Bank ASA as agent for the Syndicate.
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Examples of Existing Factoring Agreement in a sentence

  • The Borrowers will use the proceeds of each Credit Event for general corporate purposes and to effect the repurchase under and termination of or, refinancing (or discharge) of Indebtedness under, the Existing Factoring Agreement.

  • Accordingly Prestige, Empery and the Financing Parties agreed that the Canada Factoring Agreement will be treated the same as the Existing Factoring Agreement, that the Factoring Collateral and the Factoring Priority Collateral shall include the assets described therein of both the Company and CMP and the term Factored Accounts shall refer to those accounts of both the Company and CMP factored by Prestige.

  • The Factoring Representative, on behalf of itself and the Factoring Secured Parties, hereby consents to the incurrence by the Company and the other Financing Parties of all Notes Obligations and the entry into and performance of all Notes Documents at any time and from time to time, notwithstanding the provisions of Section 5(i) of the Existing Factoring Agreement or any other prohibition on the incurrence of Liens or indebtedness contained in any Factoring Agreement.

  • The Financing Parties represent and warrant that (i) there have been no material modifications, amendments or variations to the Existing Factoring Agreement other than those listed in the recitals hereto and (ii) upon this Agreement taking effect, the execution and delivery of the Note Documents will not conflict with, constitute a default under, or constitute a breach of, the Existing Factoring Agreement.

  • The parties hereto agree that the Existing Factoring Agreement is hereby amended and restated in its entirety by this Agreement.

  • It is a condition to Purchaser’s willingness to make loans and other financial accommodations to or for the benefit of the Seller under this Agreement that Seller agree to amend and restate the Existing Factoring Agreement in its entirety as hereinafter set forth.

  • Without in any way limiting the foregoing, all affirmative and negative covenants and other obligations as set forth in the Existing Factoring Agreement are hereby amended and restated in their entirety by the covenants and other obligations set forth in this agreement and all affirmative and negative covenants and other obligations as set forth in the Existing Factoring Agreement shall be of no further force and effect after the Effective Date.

  • Capital and Topsville are parties to a written factoring agreement, dated July 1, 2000, which agreement was amended by a writing dated August 31, 2001 and has not otherwise been amended (the said agreement, as amended, is referred to as the "Existing Factoring Agreement" or "EFA").

  • Use the proceeds of each Credit Event solely for (a) working capital, capital expenditures, Permitted Business Acquisitions and other general corporate purposes not in violation of this Agreement or the other Loan Documents, (b) to effect the repurchase under and termination of or, refinancing (or discharge) of Indebtedness under, the Existing Factoring Agreement, and (c) costs, expenses and fees in connection with the Credit Facility.

  • This Agreement amends and renews the Existing Factoring Agreement as of the Effective Date.


More Definitions of Existing Factoring Agreement

Existing Factoring Agreement means the factoring agreement dated 12 December 2011 entered into between the Company and Natixis Factor and to be terminated prior to the First Assignment Date.
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Existing Factoring Agreement means that certain Recourse Factoring Agreement, dated as of September 6, 2017, between Bowling Green and Xxxxx Fargo, in its capacity as purchaser thereunder. “Existing Letters of Credit” means, collectively or individually as the context may require, the letters of credit outstanding as of the Closing Date under the Existing Credit Agreement. “Facility Maturity Date” means the earlier of (i) the fifth anniversary of the Amendment No. 4 Effective DateApril 27, 2026 and (ii) 90 days prior to the maturity date of any Indebtedness (other than Loans) of any Borrower or any Borrower’s Subsidiaries in an aggregate amount exceeding $50,000,000 (but excluding for this purpose the Indebtedness of Borrowers pursuant to their guarantees of the unsecured notes issued by Constellium SE). “Facility Termination Date” means the date on which (A) the Commitments have terminated, (B) all ABL Credit Obligations (other than contingent indemnification obligations) have been paid in full, (C) all ABL Finance Obligations arising under Secured Cash Management Agreements and Secured Rate Contracts that the Administrative Agent has theretofore been notified in writing by the holder of such Obligation are then due and payable, have been paid in full in cash and (D) all Letters of Credit have expired or terminated (other than Letters of Credit as to which other arrangements, including cash collateralization or backstopping, reasonably satisfactory to the Administrative Agent and the L/C Issuers shall have been made). “Factoring Facilities” means the receivables purchase facilities granted to certain Subsidiaries of Ultimate Parent pursuant to (a) the agreement dated as of December 3, 2015 between GE Factofrance S.A.S. as purchaser, Constellium Issoire S.A.S., Constellium Neuf Brisach S.A.S. and Constellium Extrusions France S.A.S. as sellers, Parent Guarantor and Constellium Switzerland AG, (b) the agreement dated as of May 27, 2016 between GE Capital Bank AG as purchaser and Constellium Rolled Products Singen GmbH as seller, (c) the agreement dated as of March 26, 2014 between GE Capital Bank AG as purchaser and Constellium Singen GmbH as seller, (d) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Extrusions Deutschland GmbH as seller, (e) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Valais AG as seller, (f) the agreement dated as of June 26, 2015 between GE Capital Bank AG as...
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Existing Factoring Agreement means the Factoring Agreement, dated as ---------------------------- of September 14, 1995, as amended, among the Borrowers, H.O.T. Kidz and the Trust Company Bank.
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Related to Existing Factoring Agreement

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Existing Facility Agreement has the meaning specified therefor in the recitals hereto.

  • Existing Agreement has the meaning set forth in the recitals.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Original Facility Agreement means the facility agreement dated 19 December 2018 and made between, amongst others, (i) the Borrower, (ii) the Lenders, (iii) the Mandated Lead Arrangers, (iv) the Facility Agent and the SACE Agent and (v) the Security Trustee.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Restatement Agreement has the meaning set forth in the introductory statement of this Agreement.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Initial Agreement has the meaning set forth in the Recitals.

  • Existing Agreements has the meaning as set forth in Section 3.2 hereof.

  • SPS Agreement means the Agreement on the Application of Sanitary and Phytosanitary Measures which is a part of the WTO Agreement; Subheading means the first six digits in the tariff classification number under the HS; Territory means:

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Acquisition Agreements has the meaning specified in the Recitals.

  • Existing LLC Agreement is defined in the recitals to this Agreement.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co-ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Financing Agreement means any lease purchase agreement, installment sale agreement, loan agreement, line of credit or other agreement of the department or, with the approval of the director, and any agency, to finance the improvement, use or acquisition of real or personal property that is or will be owned or operated by one or more agencies of the State, the department or any agency, or to refinance previously executed financing agreements including certificates of participation relating thereto. The School shall not act as a guarantor of any such financing agreement.

  • Training Agreement means an agreement registered under the provisions of the Industrial and Commercial Training Act 1985.

  • Agreement End Date has the meaning specified in Section 10.1(e).

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Replacement Agreement shall have the meaning set forth in Paragraph 2(b) hereof.

  • Payment Agreement means a written agreement which provides

  • Common Billing Agreement means an agreement between the Appointee and any other person under which that person has undertaken to pay, on terms agreed between them, charges for water supply or sewerage services, or both, in respect of two or more Houses which have a common Supply Pipe and which, in any case where that agreement relates to one of those services only, are also subject to a similar agreement for common billing between that person and the undertaker providing the other service;

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.