Examples of Receivables Assets in a sentence
Financial assetsFinancial assets are classified into two types: Loans & Receivables: Assets that have fixed or determinable payments but arenot quoted in an active market.Available-for-sale Assets: Assets that have a quoted market price and/or do nothave fixed or determinable payments.Loans and receivablesLoans and receivables are initially measured at fair value and carried at their amortised cost.
Payment of the ABL Pre-Petition Debt and the Emergency DIP Financing and the repurchase of the Receivables Assets reflects the Debtors’ exercise of prudent business judgment consistent with their fiduciary duties.
The repurchase of the Receivable Assets by the Debtors from the respective Receivables SPVs will afford the Debtors enhanced liquidity in the near term as pre-petition Receivables Assets are collected.
Liens in respect of Permitted Receivables Financings that extend only to the Receivables Assets subject thereto and the proceeds thereof.
As of the Petition Date, the Receivables Purchasers had a first claim to post-petition collections on the Receivables Assets by virtue of their valid, perfected, first priority security interest thereon.