Receivable Financing Transaction definition

Receivable Financing Transaction any transaction or series of transactions involving a sale for cash of accounts receivable, without recourse based upon the collectibility of the receivables sold, by the U.S. Borrower or any of its Subsidiaries to a Special Purpose Subsidiary and a subsequent sale or pledge of such accounts receivable (or an interest therein) by such Special Purpose Subsidiary, in each case without any guarantee by the U.S. Borrower or any of its Subsidiaries (other than the Special Purpose Subsidiary).
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Receivable Financing Transaction means any transaction or series of transactions involving a sale for cash of accounts receivable, without recourse based upon the collectibility of the receivables sold, by the Company or any of its Restricted Subsidiaries to a Special Purpose Subsidiary and a subsequent sale or pledge of such accounts receivable (or an interest therein) by such Special Purpose Subsidiary, in each case without any guarantee by the Company or any of its Restricted Subsidiaries (other than the Special Purpose Subsidiary).
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Receivable Financing Transaction any transaction or series of transactions entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any Subsidiary sells, conveys or otherwise transfers, directly or indirectly, to (a) a Special Purpose Subsidiary (without recourse to or guarantee by any Loan Party (excluding any guarantee of obligations (other than the principal of, or interest on, Indebtedness), or recourse, pursuant to Standard Securitization Undertakings)) and (b) thereupon such Special Purpose Subsidiary sells, conveys or otherwise transfers to any other Person (or grants to any other Person a security interest in), any Receivables Assets in each case in a manner customary for asset securitization transactions involving accounts receivable.
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Examples of Receivable Financing Transaction in a sentence

  • Notwithstanding the foregoing, (i) any Special Purpose Subsidiary may enter into any transaction with any Person in which such Special Purpose Subsidiary has an Investment in connection with a Receivable Financing Transaction and (ii) Holdings and the Borrower and its Subsidiaries may perform their respective obligations under the Transaction Documentation.


More Definitions of Receivable Financing Transaction

Receivable Financing Transaction means any transaction or series of transactions involving a sale for cash of accounts receivable, without recourse based upon the collectibility of the receivables sold, by the Company or any of its Restricted Subsidiaries to a Special Purpose Subsidiary and a subsequent sale or pledge of such accounts receivable, or an interest therein, by such Special Purpose Subsidiary, in each case without any guarantee by Lear xx any of its Restricted Subsidiaries, other than the Special Purpose Subsidiary.
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Receivable Financing Transaction any transaction or series of transactions involving a sale for cash of accounts receivable, without recourse based upon the
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Receivable Financing Transaction means any transaction or series of transactions involving a sale for cash or notes of accounts receivable, without recourse based upon the collectibility of the receivables sold, by the Issuer or any Restricted Subsidiary to a wholly owned Restricted Subsidiary created solely for the purpose of facilitating the transaction, and a subsequent sale or pledge of those accounts receivable by that Restricted Subsidiary, in each case without any guarantee of the collectibility of such receivables or any indebtedness secured thereby or payable therefrom by the Issuer or any Restricted Subsidiary other than such Restricted Subsidiary.
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Receivable Financing Transaction means any transaction or series of transactions entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any Subsidiary sells, conveys or otherwise transfers, directly or indirectly, to (a) a Special Purpose Subsidiary (without recourse to or guarantee by any Loan Party (excluding any guarantee of obligations (other than the principal of, or interest on, Indebtedness), or recourse, pursuant to Standard Securitization Undertakings)) and (b) thereupon such Special Purpose Subsidiary sells, conveys or otherwise transfers to any other Person (or grants to any other Person a security interest in), any Receivables Assets in each case in a manner customary for asset securitization transactions involving accounts receivable.
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Related to Receivable Financing Transaction

  • Financing Transaction means a transaction in which a licensed provider obtains financing from a financing entity including any secured or unsecured financing, any securitization transaction, or any securities offering which is either registered or exempt from registration under federal and state securities law.

  • Securities Financing Transactions means repurchase agreements, reverse repurchase agreements, securities lending agreements and any other transactions within the scope of SFTR that a Fund is permitted to engage in;

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) – (3) of the definition of “Receivables Subsidiary”.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • PIPE Financing has the meaning set forth in the recitals to this Agreement.

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Public-finance transaction means a secured transaction in connection with which:

  • Co-financing Agreement means the agreement to be entered into between the Borrower and the Co-financier providing for the Co-financing.

  • Qualified Securitization Financing means any Securitization Financing of a Securitization Subsidiary that meets the following conditions:

  • Special Purpose Financing means any financing or refinancing of assets consisting of or including Receivables of the Company or any Restricted Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition.

  • Repricing Transaction means (i) the incurrence by the Borrower of any Indebtedness in the form of a similar term loan that is broadly marketed or syndicated to banks and other institutional investors (a) having an Effective Yield for the respective Type of such Indebtedness that is less than the Effective Yield for the Initial Term Loans of the respective equivalent Type, but excluding Indebtedness incurred in connection with a Qualifying IPO, Change of Control or Transformative Acquisition, and (b) the proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole or in part, outstanding principal of Initial Term Loans or (ii) any effective reduction in the Effective Yield for the Initial Term Loans (e.g., by way of amendment, waiver or otherwise), except for a reduction in connection with a Qualifying IPO, Change of Control or Transformative Acquisition. Any determination by the Administrative Agent with respect to whether a Repricing Transaction shall have occurred shall be conclusive and binding on all Lenders holding the Initial Term Loans.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.