Intercompany Receivables Facility definition

Intercompany Receivables Facility means a facility entered into by the Company and/or any of its Subsidiaries, as sellers, and one or more Receivables Subsidiaries, as purchasers, providing for the sale of Receivables by said sellers to said purchasers.
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Intercompany Receivables Facility means, collectively, the Initial Intercompany Receivables Facility and any Additional Intercompany Receivables Facility.
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Examples of Intercompany Receivables Facility in a sentence

  • Each Intercompany Finance Subsidiary holds all of its respective Intercompany Receivables Facility Assets until such Intercompany Receivables Facility Assets have been collected by such Intercompany Finance Subsidiary, repurchased by a Qualified U.S. Obligor (other than Finance Corp.) or transferred to another Intercompany Finance Subsidiary in accordance with Section 9.02(ix)(B).

  • Without limiting Section 7.06(c) of the Credit Agreement, authorizes and directs the Agent to release from any Liens all Receivables (including guarantees and security therefor) in which an interest is sold or transferred pursuant to a Permitted Receivables Facility (including any related Intercompany Receivables Facility).

  • On or prior to the Escrow Deposit Date, there shall have been delivered to the Administrative Agent the operative agreements relating to the Initial Intercompany Receivables Facility (collectively, the "Initial Intercompany Receivables Facility Documents"), and such Initial Intercompany Receivables Facility Documents shall be in form and substance reasonably satisfactory to the Agents and be certified as true and complete by an Authorized Representative of the Canadian Parent.