Foreign Factoring Transactions definition
Foreign Factoring Transactions means transactions (other than pursuant to (a) any Permitted Accounts Receivable Securitization or (b) a transaction described in Section 8.3(e)) for the sale or discounting of (i) the Accounts Receivable of a Foreign Subsidiary and/or (ii) letters of credit the beneficiary of which is a Foreign Subsidiary.
Foreign Factoring Transactions means transactions (other than pursuant to (a) any Permitted Accounts Receivables Securitization or (b) a transaction described in Section 8.3(e)) for the sale or discounting of (i) the Accounts Receivable of a Foreign Subsidiary and/or (ii) letters of credit the beneficiary of which is a Foreign Subsidiary.
Foreign Factoring Transactions to read as follows:
Examples of Foreign Factoring Transactions in a sentence
On the Business Day of receipt thereof by Holdings, the Borrower and/or any of their Subsidiaries, an amount equal to 100% of the proceeds of the Foreign Factoring Transactions shall be applied to reduce the outstanding Domestic Revolving Loans and Dollar Equivalent Multicurrency Revolving Loans on a pro rata basis without a permanent reduction of the Commitments.
On the Business Day of receipt thereof by the Borrower and/or any of its Subsidiaries, the Borrower shall cause outstanding Revolving Loans to be paid in an amount equal to the lesser of 100% of the proceeds of any Foreign Factoring Transactions and the then outstanding amount of Revolving Loans without a permanent reduction of the Revolving Loan Commitments.
More Definitions of Foreign Factoring Transactions
Foreign Factoring Transactions means transactions (other than pursuant to (a) any Permitted Accounts Receivable Securitization or (b) a transaction described in Section 8.3(e)) for the sale or discounting of (i) the Accounts Receivable of a Foreign Subsidiary not party to any Foreign Intercompany Loan Document, (ii) up to $30 million in any Fiscal Quarter of Accounts Receivable of, and/or letters of credit the beneficiary of which is, a Foreign Subsidiary party to any Foreign Intercompany Loan Document and/or (iii) letters of credit the beneficiary of which is a Foreign Subsidiary not party to any Foreign Intercompany Loan Document.
Foreign Factoring Transactions means transactions (other than pursuant to (a) any Permitted Accounts Receivable Securitization or (b) a transaction described in Section 8.3(e)) for the sale or discounting of (i) the Accounts Receivable of a Foreign Subsidiary not party to any Foreign Intercompany Loan Document, (ii) up to $30 million in any Fiscal Quarter of Accounts Receivable of, and/or letters of credit the beneficiary of which is, a Foreign Subsidiary party to any Foreign Intercompany Loan Document and/or (iii) letters of credit the beneficiary of which is a Foreign Subsidiary not party to any Foreign
Foreign Factoring Transactions means transactions (other than pursuant to any
Foreign Factoring Transactions means transactions (other than pursuant to any Permitted Accounts Receivable Securitization) for the sale or discounting of (i) the Accounts Receivable of a Foreign Subsidiary not party to any Foreign Intercompany Loan Document, (ii) up to $15 million in any Fiscal Quarter of Accounts Receivable of, and/or letters of credit the beneficiary of which is, a Foreign Subsidiary party to any Foreign Intercompany Loan Document and/or (iii) letters of credit the beneficiary of which is a Foreign Subsidiary not party to any Foreign Intercompany Loan Document.