Receivable Purchase Facility definition

Receivable Purchase Facility means any receivables purchase agreement, loan agreement or other similar contractual arrangement to which Windmill is a party relating to the transfer, purchase or financing of receivables or other assets.
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Receivable Purchase Facility means any receivables purchase agreement, loan agreement or other similar contractual arrangement to which a Conduit Purchaser is a party relating to the transfer, purchase or financing of receivables or other assets.
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Receivable Purchase Facility means any receivables purchase agreement, loan agreement or other similar contractual arrangement to which Amsterdam is a party relating to the transfer, purchase or financing of receivables or other assets.
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Examples of Receivable Purchase Facility in a sentence

  • DBS Bank reserves the right in its discretion, not to issue or provide accommodation for any particular transaction under any Trust Receipt and/or Bills Receivable Purchase Facility (as may be applicable) from time to time even though such Trust Receipt and/or Bills Receivable Purchase Facility (as may be applicable) remains available to the Borrower.

  • Receivable Purchase Facility On January 13, 2017, Majesco and its subsidiaries MSSI, and Cover-All Systems, jointly and severally entered into a Receivable Purchase Agreement with HSBC pursuant to which HSBC may advance funds against receivables at an agreed advance rate.

  • Interest accrued on each drawing ("Drawing") under the Trust Receipt and/or Bills Receivable Purchase Facility (as may be applicable) shall be payable in arrears on the last day of the Term ("Maturity Date").

  • In addition to Singapore Dollars and subject to the availability of funds, each Trust Receipt and/or Bills Receivable Purchase Facility (as may be applicable) shall be available in United States Dollars, Sterling Pound, Japanese Yen, Euro or such other major foreign currency approved by DBS Bank, which is freely transferable and convertible into Singapore Dollars and freely available to DBS Bank in the Singapore interbank market.

  • In the meantime, the Seller had entered into an Accounts Receivable Purchase Facility with the Bank, which provided for the assignment of the Seller’s trade debts to the Bank.

  • The Receivable Purchase Facility agreement, which expires on 30 June 2015, includes financial covenants regarding solvency, debt ratio, interest coverage ratio and a minimum liquidity level.

  • Following the completion of the divestment of Vion Ingredients in January 2014 and the related repayment of the senior credit facility, Vion has a Receivable Purchase Facility amounting to € 150 million, which was contractually reduced to € 100 million in 2014.

  • In addition, the interest charges arising from the Receivable Purchase Facility decreased (2014: € 4.9 million, 2013: € 8.3 million) due to a reduction of the Facility from € 281 million at year-end 2013 to € 100 million at the year-end 2014.

  • As is not unusual in these cases, sometime earlier, on or around 8 October 2014, the Seller had entered into an Accounts Receivable Purchase Facility with the Bank.


More Definitions of Receivable Purchase Facility

Receivable Purchase Facility means any receivables purchase agreement or other similar contracted arrangement to which Falcon is a party relating to the transfer, purchase or funding of receivables or other financial assets.
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Receivable Purchase Facility means any receivables purchase agreement, loan agreement or other similar contractual arrangement to which the Conduit Purchasers are a party relating to the transfer, purchase or financing of receivables or other assets.
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Receivable Purchase Facility means any receivables purchase agreement, loan agreement or other similar contractual arrangement to which Windmill is a party relating to the transfer, purchase or financing of receivables or other assets. "Settlement Date" means the 25th day of each calendar month. "Specially Pooled Paper" means the aggregate of all commercial paper notes of Windmill issued in connection with Receivables Purchase Facilities designated from time to time by the Agent (in its sole discretion). Specially Pooled Paper will not include Pooled Commercial Paper or Allocated Commercial Paper at any time. (i) Section 2.3 of the Loan Agreement is hereby deleted and replaced with the following:
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Receivable Purchase Facility means that certain $25 million receivable purchase facility entered into between Foothill, Funding Corp. and the Borrowers in connection with the Original Financing Agreement.
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Receivable Purchase Facility means the contractual arrangement under which the Purchaser has agreed to purchase from the Seller, and the Seller has agreed to sell to the Purchaser, Receivables, from time to time during the Facility Period, under the terms and conditions set forth in the Agreement and subject, in each case, to the Maximum Facility Amount.
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Related to Receivable Purchase Facility

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.