Existing Receivables Facility means the receivables facility under that certain Amended and Restated Receivables Purchase Agreement, dated as of November 21, 2017, by and among VWR Receivables Funding, LLC, as Seller, VWR International, LLC, as Servicer, PNC Bank, National Association, as administrator and LC bank and the other parties from time to time party thereto, as amended, restated, supplemented, waived, renewed or otherwise modified from time to time.
Existing Receivables Facility means the receivables facility governed by (a) the Amended and Restated Credit and Security Agreement, dated as of October 27, 2010 (as amended, amended and restated, modified, renewed or replaced from time to time), among the borrowers identified therein, UHS Receivables Corp., as Collection Agent, UHS of Delaware, Inc., as Servicer, Universal Health Services, Inc., as Performance Guarantor, PNC Bank, National Association, as LC Bank and Administrative Agent, and the certain other parties thereto and (b) each of the Receivables Sale Agreements referred to in such Amended and Restated Credit and Security Agreement, between the respective Grantors and “Buyers” specified therein, in each case, as the same may be amended or otherwise modified from time to time.
Existing Receivables Facility means the receivables purchase agreement dated as of August 7, 2008, as amended from time to time, among Triumph Receivables, LLC, as seller, the Company, as servicer, the various purchaser groups from time to time party thereto, and PNC Bank, National Association as administrator, together with all related notes, letters of credit, collateral documents, Guarantees, and any other related agreements and instruments executed and delivered in connection therewith (including without limitation the purchase and sale agreement dated August 7, 2008, as amended from time to time, among the Company, individually and as servicer, Triumph Receivables, LLC and the other Subsidiaries party thereto), in each case as further amended, modified, supplemented, restated, refinanced, refunded or replaced in whole or in part from time to time including by or pursuant to any agreement or instrument that extends the maturity of any Debt thereunder, or increases the amount of available borrowings thereunder (provided that such increase in borrowings is permitted under clause (i) or (xiv) of the definition of the term “Permitted Debt”), or adds Subsidiaries of the Company as additional sellers, originators, borrowers or guarantors thereunder, in each case with respect to such agreement or any successor or replacement agreement and whether by the same or any other agent, lender, group of lenders, purchasers or debt holders.
Examples of Existing Receivables Facility in a sentence
The Borrower notifies the Collateral Agent that, as of the date hereof, the Grantors identified on Annex 2 hereto are parties to the Existing Receivables Facility pursuant to which the Receivables, Related Security, Collections and Gift Shop Assets of such Grantors are not included in the Collateral pursuant to clauses (v) and (vi) of the final paragraph of Section 2.
Use commercially reasonable efforts to cause the Accounts subject to the Existing Receivables Facility to be transferred to the originator Loan Parties as promptly as practicable following payment in full of the Existing Receivables Facility.
The Administrative Agent shall have received fully executed payoff and termination letters (in form and substance reasonably satisfactory to the Administrative Agent) with respect to the Existing Receivables Facility and the release of all security in connection with the Existing Receivables Facility.
The proceeds of the Revolving Loans will be used (a) on the Closing Date, to (i) repay all obligations under the Existing Receivables Facility and (ii) fund expenses incurred in connection with the Transactions and (b) after the Closing Date, solely for working capital and other general corporate purposes, including permitted investments and Capital Expenditures and to repay Indebtedness.
The proceeds of the Tranche A Term Loans made on the Closing Date and the Tranche B Loans are to be used by the Borrower solely (i) to finance the Acquisition, (ii) to refinance the Existing Credit Facility, (iii) to refinance the Existing Receivables Facility, (iv) to pay fees and expenses related to the Closing Date Transactions, (v) for working capital and to provide for certain assumed project obligations of the Acquired Business and (vi) for general corporate purposes.
More Definitions of Existing Receivables Facility
Existing Receivables Facility the receivables facility governed by (a) the Amended and Restated Credit and Security Agreement, dated as of October 27, 2010, as amended, among the Borrowers identified therein, UHS Receivables Corp., as Collection Agent, UHS of Delaware, Inc., as Servicer, Universal Health Services, Inc., as Performance Guarantor, PNC Bank, National Association, as LC Bank and Administrative Agent, and the certain other parties thereto and (b) each of the Receivables Sale Agreements referred to in such Amended and Restated Credit Agreement, between the applicable “Grantor” and the “Buyer” specified therein, in each case, as the same may be amended or otherwise modified from time to time to the extent that any such amendment or modification does not increase the aggregate outstanding principal amount of borrowings permitted under the Existing Receivables Facility to an amount greater than $600,000,000.
Existing Receivables Facility means the Amended and Restated Receivables Transfer and Servicing Agreement, dated as of December 20, 2018, among Adient Germany Limited & Co. KG, Parent, Ester Finance Titrisation, Credit Agricole Corporate & Investment Bank, Eurotitrisation and the other entities listed therein.
Existing Receivables Facility means the Amended and Restated Receivables Transfer and Servicing Agreement, dated as of December 20, 2018, as may be amended, restated, supplemented or otherwise modified from time to time, among Adient Germany Limited & Co. KG, Parent, Ester Finance Titrisation, Credit Agricole Corporate & Investment Bank, Eurotitrisation and the other entities listed therein.
Existing Receivables Facility means the receivables facility under that certain Amended and Restated Receivables Purchase Agreement, dated as of the Closing Date, by and among VWR Receivables Funding, LLC, as seller, VWR International, LLC, as servicer, PNC Bank, National Association, as administrator and as issuer of letters of credit, and the other parties from time to time party thereto, as amended, restated, supplemented, waived, renewed or otherwise modified from time to time.
Existing Receivables Facility means the sale and securitization of certain Accounts of the Borrower and certain of its Subsidiaries pursuant to the (a) Receivables Sale Agreement, dated as of January 23, 2009, among the Borrower, Great Lakes Chemical Corporation, GLCC Laurel, LLC, Biolab, Inc. and Chemtura Receivables LLC, and (b) Receivables Purchase Agreement, dated as January 23, 2009, among Chemtura Receivables LLC, the Borrower, Citicorp USA, Inc., Citigroup Global Markets Inc., The Royal Bank of Scotland PLC and the other purchasers party thereto from time to time.
Existing Receivables Facility means the Receivables Facility as defined in the Existing Credit Agreement.
Existing Receivables Facility means (i) that certain Mexican long-term Certificados Bursátiles AERMXCB17 and AERMXCB19 issued by the Irrevocable Trust Agreement F/1748 entered into by Deutsche Bank México, S.A., Institución de Banca Múltiple, CIBanco, S.A., Institución de Banca Múltiple, and Aerovías de México, S.A. de C.V., (ii) that certain letter of credit facility by and among Aerovías, Aerolitoral and Banco Bilbao Vizcaya Argentaria, S.A., and that certain revolving credit agreement by and among Aerovías and BBVA, each dated as of October 29, 2020, pursuant to the Order Pursuant to 11 U.S.C. §§ 105 and 363(B) and Fed. R. Bankr. P. 9019 Approving Settlement between BBVA and Aeroméxico Regarding Letter of Credit Facility entered by the Bankruptcy Court on September 24, 2020 [Docket No. 467]; and/or (iii) that certain syndicated loan agreement, by and among Aerovías as borrower, Grupo Aeroméxico as guarantor, and Deutsche Bank AG, London Branch, Industrial and Commercial Bank of China Limited, New York Branch, Massachusetts Mutual Life Insurance Company, Sabcapital, S.A. de C.V., SOFOM, ER, Phoenix Life Insurance Company and PHL Variable Insurance Company as lenders, dated as of October 27, 2016 (as amended and restated pursuant to the Amended Order Approving the Settlement Agreement Regarding the Loan Agreement Secured by AMEX Receivables between the Debtors and Deutsche Bank Trust Company Americas, as Administrative Agent entered by the Bankruptcy Court on November 10, 2020 [Docket No. 625]).