Existing Securitization definition

Existing Securitization means the Securitization provided for in the Amended and Restated Receivables Purchase Agreement dated as of April 29, 2010, as amended, among Amerisource Receivables Financial Corporation, as seller, AmerisourceBergen Drug Corporation, as initial servicer, various purchaser groups from time to time party thereto and Bank of America, National Association, as administrator.

Existing Securitization the securitizations pursuant to (i) the Fourth Amended and Restated Receivables Purchase Agreement, dated April 26, 2011, among AFC Funding Corporation, as seller, AFC - US, as servicer, Fairway Finance Company, LLC, Monterey Funding LLC, Salisbury Receivables Company LLC and such other entities as may become purchasers, BMO Capital Markets Corp., as initial agent, and the other parties thereto and (ii) the Receivables Purchase Agreement, dated February 8, 2010, among Automotive Finance Canada, Inc., as seller and initial servicer, the Borrower, as Performance Guarantor, and BNY Trust Company of Canada, as trustee of Precision Trust.

Existing Securitization means that certain Loan and Security Agreement dated as of April 29, 1998, as amended, between Essex Funding, Inc. and Three Rivers Funding Corporation.

Examples of Existing Securitization in a sentence

• Evidence satisfactory to the Administrative Agent that the Existing Securitization has been paid in full and all liens associated therewith have been released.

• The foregoing provisions of this Section shall not prohibit (a) investments, loans, advances, guarantees or acquisitions made pursuant to or in connection with the Existing Securitization or any other Securitization or (b) Permitted Investments.

• Immediately following the Assumption and upon the redemption of the Existing Securitization Notes and discharge of the Existing Securitization Indenture on the Escrow Release Date, the Initial Borrower will be merged with and into DBI, with DBI being the surviving entity.

• The proceeds of Revolver Loans shall be used by Borrowers solely (a) to satisfy all obligations under the Existing Securitization Facility; (b) to pay fees and transaction expenses associated with the closing of this credit facility; (c) to pay Obligations in accordance with this Agreement; and (d) for working capital and other lawful corporate purposes of Borrowers.

• Buyers shall have obtained the Debt Financing on terms and conditions not materially less favorable in the aggregate to Buyers and their Affiliates than the terms of the Existing Securitization Debt, with a yield to maturity not greater than such percentage set forth on Schedule 8.07, in an amount which, together with the Minimum Available Cash Amount, is at least sufficient to pay the Closing Cash Payment.

More Definitions of Existing Securitization

Existing Securitization means the accounts receivable securitization financing of P&L Receivables Company LLC, existing as of the Closing Date and any replacements, refinancings, amendments, restatements, renewals or extensions thereof, subject to the restrictions set forth in the proviso to the definition of Permitted Securitization Programs.

Existing Securitization means the Securitization provided for in the Existing Securitization Purchase Agreement.

Existing Securitization the securitization pursuant to the Third Amended and Restated Receivables Purchase Agreement, dated April 20, 2007, among AFC Funding Corporation, as seller, AFC—US, as servicer, Fairway Finance Company, LLC and such other entities as may become purchasers, BMO Capital Markets Corp., as initial agent, and the other parties thereto.

Existing Securitization means that certain Amended and Restated Purchase and Servicing Agreement dated as of October 1, 1999, as amended, among AK Steel Receivables Ltd., AK Steel Corporation, the Purchasers party thereto, and PNC Bank, National Association.

Existing Securitization means the transactions contemplated by and entered into pursuant to the Securitization Documents.

Existing Securitization the securitizations pursuant to (i) the Tenth Amended and Restated Receivables Purchase Agreement, dated September 28, 2022, as may be amended, amended and restated or otherwise modified from time to time, by and among Automotive Finance Corporation (“AFC”), AFC Funding Corporation, Fairway Finance Company, LLC, Fifth Third Bank, National Association, Chariot Funding LLC, PNC Bank, National Association, Thunder Bay Funding, LLC, Truist Bank, BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., Royal Bank of Canada and Bank of Montreal, and (ii) the Receivables Purchase Agreement, dated March 1, 2023, as may be amended, amended and restated or otherwise modified from time to time, by and among Automotive Finance Canada Inc. (“AFCI”), the Borrower, Computershare Trust Company of Canada, BMO Xxxxxxx Xxxxx, Inc. and Royal Bank of Canada.

Existing Securitization means the securitization transactions involving each of the following entities as a securitization issuer: (i) FAT Brands Royalty I, LLC, (ii) FAT Brands GFG Royalty I, LLC, (iii) FAT Brands Twin Peaks I, LLC and (iv) FAT Brands Fazoli’s Native I, LLC.