Receivable Purchase Facility definition

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 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 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

  • All covenants, agreements, representations, warranties and indemnities made herein and in the Accounts Receivable Purchase Agreement and all other Related Documents shall survive the consummation of the Accounts Receivable Purchase Facility and shall continue in full force and effect for so long as the Accounts Receivable Purchase Facility and any other Obligations remain outstanding and unpaid.

  • The Accounts Receivable Purchase Facility and all other Obligations shall be secured by Debtor's grant to the Secured Party of a first priority security interest in and to the Collateral (except for Permitted Liens described in Exhibit A attached hereto, if any).

  • Seller shall be obligated to take whatever action may be necessary to bring the Receivable Purchase Facility into compliance with the Maximum Facility Amount.

  • If the Seller is required to deduct any taxes (other than income taxes) from any amount payable with respect to the Receivable Purchase Facility, that amount shall be increased as much as shall be necessary so that after making all required deductions, the Purchaser shall receive an amount equal to the sum it would have received had no deductions been made.

  • All payments received by the Purchaser --------------- with respect to this Receivable Purchase Facility, including, but not limited to, its Guaranteed Return and its Investment Return, shall be made without setoff and deduction of taxes other than any income tax withholdings.

  • 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.

  • Secured Party, as purchaser, has extended to Debtor, as seller, the Accounts Receivable Purchase Facility pursuant to the terms of the Accounts Receivable Purchase Agreement, the terms of which are incorporated herein by reference.

  • Upon the effective date of the termination of the Receivable Purchase Facility, the Purchaser shall no longer be obligated to purchase any Receivables.

  • In just three weeks, leaders and negotiators will meet for the COP26 international climate talks in the Scottish city of Glasgow.

  • In addition, on the Effective Date, the Seller shall also pay the Purchaser's reasonable legal fees, costs and expenses in connection with the Receivable Purchase Facility Agreement and the transactions contemplated therein.


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 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.
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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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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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Related to Receivable Purchase Facility

  • Receivables Purchase Facility means any securitization facility made available to the Borrower or any of its Subsidiaries, pursuant to which receivables of the Borrower or any of its Subsidiaries are transferred to one or more SPCs, and thereafter to certain investors, pursuant to the terms and conditions of the Receivables Purchase Documents.

  • Purchase Facility has the meaning set forth in Section 1.1 of the Sale Agreement.

  • 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.

  • Receivables Sale Agreement means that certain Receivables Sale Agreement, dated as of the Closing Date, by and among the Originators and Seller, as amended, restated, supplemented or otherwise modified from time to time.

  • Receivables Seller means the Borrower or those Subsidiaries that are from time to time party to the Permitted Receivables Facility Documents (other than any Receivables Entity).

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.

  • Transferred Receivables means any Receivables that have been sold, contributed or otherwise transferred to an Eligible Transferee in connection with a Permitted Supply Chain Financing that is permitted under the Credit Agreement.

  • Eligible Loan Asset means, at any time, a Loan Asset in respect of which each of the representations and warranties contained in Section 4.02 and Schedule III hereto is true and correct.

  • Receivables Purchase Price means $1,375,000,017.71.

  • 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.

  • Receivables Sellers means the Company and those Subsidiaries (other than Receivables Entities) that are from time to time party to the Permitted Receivables Facility Documents.

  • Initial Receivable means each Contract related to a Financed Vehicle transferred to the Issuer pursuant to Section 2.1, which, as of the Closing Date, is listed on Schedule A (which Schedule A may be in the form of an electronic file), and all rights and obligations thereunder, except for Initial Receivables that shall have become Purchased Receivables or Sold Receivables.

  • Initial Receivables means the Receivables transferred to the Trust on the Closing Date as set forth on the Schedule of Receivables attached to the Initial SSA Assignment.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to (a) the aggregate principal balance of all Portfolio Investments acquired by the Company prior to such date minus (b) the aggregate principal balance of all Portfolio Investments repurchased by the Parent or an Affiliate thereof prior to such date.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Receivables Entity means (x) the Excluded Subsidiary and (y) each other wholly-owned Subsidiary of the Borrower which engages in no activities other than in connection with the financing of accounts receivable of the Receivables Sellers and which is designated (as provided below) as the “Receivables Entity” (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Borrower or any other Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Borrower or any other Subsidiary of the Borrower in any way (other than pursuant to Standard Securitization Undertakings) or (iii) subjects any property or asset of the Borrower or any other Subsidiary of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof (other than pursuant to Standard Securitization Undertakings), (b) with which neither the Borrower nor any of its Subsidiaries has any contract, agreement, arrangement or understanding (other than pursuant to the Permitted Receivables Facility Documents (including with respect to fees payable in the ordinary course of business in connection with the servicing of accounts receivable and related assets)) on terms less favorable to the Borrower or such Subsidiary than those that might be obtained at the time from persons that are not Affiliates of the Borrower, and (c) to which neither the Borrower nor any other Subsidiary of the Borrower has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation shall be evidenced to the Administrative Agent by filing with the Administrative Agent an officer’s certificate of the Borrower certifying that, to the best of such officer’s knowledge and belief after consultation with counsel, such designation complied with the foregoing conditions.

  • Receivables Securitization any financing pursuant to which accounts receivable of the Borrower or any of its Subsidiaries are (or are purported to be) sold or pledged, which financing shall be non-recourse (except for customary limited recourse provisions) to the Borrower and its Subsidiaries.

  • Purchased Loan means each motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by the Originator from such Dealer and evidenced by a Purchased Loan Contract; provided, however, that the term “Purchased Loan” shall, for purposes of this Agreement, include only those Purchased Loans identified from time to time on Schedule A hereto.

  • Securitization Servicing Agreement means the Lead Securitization Servicing Agreement or any Non-Lead Securitization Servicing Agreement.

  • Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.

  • Receivables Purchase Documents means those documents entered into in connection with any series of receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which the Borrower or any of its Subsidiaries, in their respective capacities as sellers or transferors of any receivables, sell or transfer to SPCs all of their respective rights, title and interest in and to certain receivables for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor.