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.

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.

Examples of Receivable Purchase Facility in a sentence

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

• 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).

• 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 Borrower shall give notice to the Agent at the time of any such reduction to the Aircraft Facility, the Lease Receivable Financing Facility or the Lease Receivable Purchase Facility, at which time the Agent shall be instructed to make a pro rata reduction to the Total Revolving Credit Commitment.

• 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.

• 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.

• 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.

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.

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.

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.

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.

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.