Factoring Facilities definition

Factoring Facilities means the receivables purchase facilities granted to certain Subsidiaries of the Issuer pursuant to (a) the agreement dated as of January 4, 2011 between GE Factofrance S.A.S. as purchaser, Constellium France, Constellium Extrusions France and Constellium Aviatube as sellers, Constellium Holdco II B.V. and Constellium Switzerland AG, (b) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Singen GmbH as seller, (c) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Extrusions Deutschland GmbH as seller and (d) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Valais AG as seller, in each case, as such agreement may be amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original parties or otherwise), restructured, or otherwise modified from time to time.
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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 purchaser and Constellium Extrusions Decin S.R.O. as seller, (g) the agreement dated as of December 15, 2015 between Deutsche Bank Trust Company Americas as purchaser and Constellium Automotive USA, LLC as seller, in each case, as such agreement may be amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original parties or otherwise), restructured, or otherwise modified from time to time. On July 20, 2016, the Banque Fédérative du Crédit Mutuel purchased the Equipment Finance and Receivable Finance businesses of GE. Pursuant to this transaction, GE Factofrance S.A.S. was renamed Factofrance and GE Capital Bank AG was renamed Targo Commercial Financing AG.
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Factoring Facilities means the receivables purchase facilities granted to certain Subsidiaries of the Issuer 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, Constellium International S.A.S., as parent company and Constellium Switzerland AG, as seller's agent, (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 purchaser and Constellium Extrusions Decin S.R.O. as seller, and (g) the receivables purchase agreement dated as of March 16, 2016 among Wise Alloys Funding II LLC, as seller, Wise Alloys LLC, as servicer, Hitachi Capital America Corp., as purchaser, and Greensill Capital Inc., as purchase agent, in each case, as such agreement may be amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original parties or otherwise), restructured, or otherwise modified from time to time.
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Examples of Factoring Facilities in a sentence

  • Both before and after giving effect to (a) the Loans and Letters of Credit made or issued on the Closing Date, (b) the Indebtedness contemplated by the European First Lien Term Loan Agreement, the European AR Factoring Facilities and the Second Lien Term Loan Agreement, (c) the consummation and effectiveness of the Plan and (d) the payment and accrual of all transaction costs in connection with the foregoing, the Credit Parties, taken as a whole, are Solvent.

  • At June 30, 2014 and March 31, 2014, there were $258 million and $246 million in secured borrowings and related securitized accounts receivable outstanding under the Factoring Facilities.

  • The Factoring Facilities will expire through April 2016.FINANCIAL NOTES (CONTINUED) (UNAUDITED) Commercial Paper We maintain a commercial paper program to support our working capital requirements and for other general corporate purposes.

  • The size of the Board will be such that the common purpose, involvement, participation, harmony and sense of responsibility of the Directors are not jeopardised.

  • Amount of secured obligations outstanding under and pursuant to one or more Factoring Facilities $ B.

  • Subsequent to these agreements, the subsidiaries also entered into inventory security agreements, collectively referred to as the Factoring Facilities.

  • During the first nine months of 2015, Celesio borrowed and repaid$2,200 million and $2,154 million of short-term borrowings under the Factoring Facilities.

  • It shows that instrumenting for adoption with distance yields estimates of the print effect that are significant and substantially larger than OLS estimates.Between 1450 and 1460 only a small number of men in Mainz knew the secrets of printing.

  • We would hope that the regulations would protect all small businesses and not one group of small businesses to the detriment of other small businesses.Non-Borrowing Factoring Facilities There are factoring transactions that are “non-borrowing” meaning that the provider does not lend or advance any funds against the recipient’s accounts receivable.

  • CIT has the ability, in its discretion at any time or from time to time, to adjust or revise any limits on the amount of loans or advances made to it pursuant to the Factoring Facilities.


More Definitions of Factoring Facilities

Factoring Facilities means, collectively, (i) that certain Third Amended and Restated Receivables Purchase Agreement, dated as of January 12, 2017, among Sequa Receivables Corp., as Seller, Mezzanine, as Servicer, the Persons party thereto as CP Conduit Purchasers, Committed Purchasers, LC Participants and Funding Agents and Barclays Bank PLC, as LC Bank and as Collateral Agent, as the same has been amended and modified from time to time and (ii) that certain Second Amended and Restated Purchase and Sale Agreement, dated as of April 30, 2012, between Sequa Receivables Corp., as Buyer, and Chromalloy Castings Tampa Corporation, Chromalloy Gas Turbine LLC, Chromalloy San Diego Corporation, Precoat Metals Corp. and Belac LLC, as Originators, as the same has been amended and modified from time to time.
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Factoring Facilities means the receivables purchase facilities granted to certain Subsidiaries of the Borrower pursuant to (a) the agreement dated as of January 4, 2011 between GE Factofrance S.A.S. as purchaser, Constellium France, Constellium Extrusions France and Constellium Aviatube as sellers, Constellium Holdco II B.V. and Constellium Switzerland AG, (b) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Singen GmbH as seller, (c) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Extrusions Deutschland GmbH as seller and (d) the agreement dated as of December 16, 2010 between GE Capital Bank AG as purchaser and Constellium Valais AG as seller, in each case, as such agreement may be amended, restated, supplemented, waived, replaced (whether or not upon termination, and whether with the original parties or otherwise), restructured, or otherwise modified from time to time.
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Factoring Facilities means those certain receivables factoring arrangements between International Energy Services South America Co. Ltd, BCI Factoring S.A. and Compass Group SAF S.A. covering receivables related to operations in Chile and Peru;
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Related to Factoring Facilities

  • Existing Facilities means all existing buildings and other facilities, the sites for the buildings or facilities, and furnishings or equipment for the buildings or facilities located on real property acquired by the building authority under the terms of this act.

  • Generating Facilities means Interconnection Customer’s device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer’s Interconnection Facilities.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Vending facility means automatic vending machines, cafeterias, snack bars, cart service, shelters, counters, and such other appropriate auxiliary equipment which may be operated by licensed managers and which is necessary for the sale of newspapers, periodicals, confections, tobacco products, foods, beverages, and other articles or services dispensed automatically or manually and prepared on or off the premises in accordance with all applicable health laws and including the vending or exchange of chances for any lottery authorized by State Law and conducted by an agency of a State within such State. [CFR 34, Part 395.1(X)]

  • Local Facilities means working capital facilities provided to a Grantor (other than Beverage Packaging Holdings (Luxembourg) I S.A., Beverage Packaging Holdings (Luxembourg) II S.A. Beverage Packaging Holdings (Luxembourg) III S.à.x.x. and the Borrowers) by a Local Facility Provider and “Local Facility” means any of them.

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Idle facilities means completely unused facilities that are excess to the governmental unit's current needs.

  • Manufacturing Facilities means facilities engaged in the mechanical or chemical transformation of materials or substances into new products and shall include:

  • Outsourcing facility means a facility that is engaged in the compounding of sterile drugs and is currently registered as an outsourcing facility with the U.S. Secretary of Health and Human Services and that complies with all applicable requirements of federal and state law, including the Federal Food, Drug, and Cosmetic Act.

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Cannabis processing facility means a person that:

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • Composting facility means a site, location, tract of land, installation, or building used for composting of solid waste in accordance with Chapter 3734. of the Revised Code and rules adopted thereunder. The composting facility includes the area of materials placement and any leachate management system structures.

  • Related facilities means any manager's units and any and all common area spaces that are included within the physical boundaries of the housing development, including, but not limited to, common area space, walkways, balconies, patios, clubhouse space, meeting rooms, laundry facilities, and parking areas that are exclusively available to residential users, except any portions of the overall development that are specifically commercial space.

  • New Facilities means facilities for which, by the cut-off date, neither of the following events has occurred:

  • Railroad facilities means right of way and related

  • Facilities means any and all real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Company or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • Recycling facility means equipment used by a trade or business solely for recycling:

  • Public facilities means amenities that are—

  • Other Facilities means athletic stadiums, swimming pools, any associated structures or related equipment tied to such facilities including, but not limited to, grandstands and night field lights, greenhouses, facilities used for non-instructional or non-educational purposes, and any structure, building, or facility used solely for school administration;

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Tanning facility means any premises, building, or part of a building that contains one or more rooms or booths with any of the following:

  • Holding facility means a designated area for the retention of

  • Senior Facilities means the Credit Agreement and any Additional Senior Debt Facilities.

  • Wastewater Facilities means the structures, equipment, and processes required to collect, carry away, and treat domestic and industrial wastes and dispose of the effluent.

  • Shared Facilities means the gen-tie lines, transformers, substations, or other equipment, permits, contract rights, and other assets and property (real or personal), in each case, as necessary to enable delivery of energy from the Facility (which is excluded from Shared Facilities) to the point of interconnection, including the Interconnection Agreement itself, that are used in common with third parties.