Prior Securitization definition
Examples of Prior Securitization in a sentence
Seller has no further duties or obligations to any Person under any of the Prior Securitization Documents or in connection with the Prior Securitization.
Lender shall have received a reliance letter addressed to Lender from the counsel to the related Committed Securitization (other than a Prior Securitization) permitting Lender to rely on the true-sale/non-consolidation opinion delivered by such counsel in connection with such Committed Securitization.
The terms of the New Securitization Transaction are similar to those of the Prior Securitization Transaction, with the following principal changes: (1) the cost is lower than in the Prior Securitization Transaction; (2) the cash received in the transaction in respect of sale of customer debt in the New Securitization Transaction will be up to $220 million.
Accounts Payable and Accrued Expenses and Other Liabilities Accounts payable and accrued expenses and other liabilities at December 31, 2017 and 2016 are summarized as follows: (in millions)2017 Prior to the Spin-Off, the Company sold accounts receivable through an accounts receivable securitization facility, ("the Prior Securitization Program"), comprised of two funding entities: Manitowoc Funding, LLC ("U.S. Seller") and Manitowoc Cayman Islands Funding Ltd.
On July 26, 2004 the Group contracted with Rabobank International in a similar transaction ("the New Securitization Transaction"), in a similar format to the one that existed at the time.Concurrently, the group reached agreement with Bank of America to end the securitization transaction it had organized ("the Prior Securitization Transaction").