Permitted Asset Securitization definition

Permitted Asset Securitization means each Permitted Lease Receivable Securitization and each Permitted Trade Receivable Securitization.

Permitted Asset Securitization means an asset-securitization facility with respect to the accounts receivable of the Borrower and its Subsidiaries entered into by the Borrower and its Subsidiaries with a financial institution or a syndicate of financial institutions on or before June 30, 2001, so long as (a) the maximum amount of such facility does not exceed $60,000,000 at any time, (b) neither the Borrower nor any of its Subsidiaries shall have incurred any Indebtedness of any kind in connection with such facility nor shall there be any recourse to the Borrower or any of its Subsidiaries in connection with such facility, (c) at least twenty days prior to the closing of the initial transaction relating to such facility, the Borrower shall have provided written notice thereof to Administrative Agent and the Lenders, and (d) the Borrower shall have provided to the Administrative Agent or any Lender such documentation or other information with respect to such facility as the Administrative Agent or any such Lender shall reasonably request.

Permitted Asset Securitization means a sale or other disposition by the Company of its accounts and notes receivable in a transaction permitted by Section 5.14(c).

Examples of Permitted Asset Securitization in a sentence

• In addition, Borrower or any of its consolidated Subsidiaries may sell any of its account receivables or any interest therein or any invoice to any Person pursuant to, and subject to the terms and conditions of, any Permitted Asset Securitization Transaction.

• The Company shall, within four Euro-Dollar Business Days after any net cash proceeds are received from the lenders or purchasers of securities in any Permitted Asset Securitization, ratably reduce the Commitments by an aggregate amount not less than 50% of the amount of such net cash proceeds.

• Notwithstanding anything herein to the contrary, in the event Borrower creates a Bankruptcy-Remote Subsidiary in connection with a Permitted Asset Securitization Transaction, Borrower shall not be required to execute and deliver, or cause to be executed and delivered, any of the above documents in connection with the formation of such Subsidiary.

• The Company estimates the present value of the security by projecting future cash flows of the assets underlying the securitization, allocating the flows to the various tranches based on the structure of the securitization, and determining the present value of the cash flows using the effective yield of the security at the date of acquisition (or the most recent implied rate used to accrete the security if the implied rate has changed as a result of changes in expected cash flows).

• These vials should not be reused, even for the same patient.Take-Home Dose Audit: Patients should be advised that they may be asked at any time to return to the pharmacy with the remainder of their take-home doses and empty vials.

More Definitions of Permitted Asset Securitization

Permitted Asset Securitization means any securitization of or similar structured finance process aggregating pools of Notes Receivable established, managed, serviced or seeded by any Borrower or any of its Subsidiaries, or other co-origination, co-investment, co-financing or similar programmatic funding arrangement, in each case in the ordinary course of business upon fair and reasonable terms no less favorable to such Borrower or such Subsidiary, as applicable, than would be obtained in an arm’s-length transaction with a non-Affiliate.

Permitted Asset Securitization means any securitization of or similar structured finance process aggregating pools of Notes Receivable established, managed, serviced or seeded by any

Permitted Asset Securitization means a sale or other disposition by the Company of its accounts and notes receivable in a transaction permitted by Section 6.14(c).

Permitted Asset Securitization means the securitization of accounts receivable of the Borrower or its Subsidiaries pursuant to the terms of the Securitization Documents, the Securitization Outstandings with respect to which shall not exceed $60,000,000 during the term of this Agreement.

Permitted Asset Securitization means, with respect to the Canadian Borrower and its Subsidiaries:

Permitted Asset Securitization means an asset securitization facility whereby the Borrower and its Subsidiaries sell or transfer the Receivables Related Assets of the Borrower and its Subsidiaries to the Receivables Subsidiary which in turn transfers to a buyer, purchaser or lender undivided fractional interests in such Receivables Related Assets, so long as (a) the maximum amount of such facility does not exceed $60,000,000 at any time, (b) neither the Borrower nor any of its Subsidiaries (other than the Receivables Subsidiary) shall have incurred any Indebtedness of any kind in connection with such facility nor shall there be any recourse (other than indemnification of a type customary for securitization transactions) to the Borrower or any of its Subsidiaries

Permitted Asset Securitization means any transaction or series of related transactions (including extensions and increases in the amount of the financing) providing for the financing of receivables and/or other assets through one or more securitizations of the receivables and/or other assets of the Borrower and the Subsidiaries that satisfies each of the following conditions: