Examples of Receivables Certificate in a sentence
The portfolio is made up of Securitized Real Estate Loans (CRI), quotas of Credit Rights Investment Funds (FIDC) and Agribusiness Receivables Certificate (CRA) and debentures with securitization characteristics (issues whose flow of receipts is dependent on the performance of the underlying receivables).The CRIs are backed by real estate loans and predominantly are not subordinated.
These credit lines are included in the “Fiscal Incentives - Local currency” line in the tables above.Agribusiness Receivables Certificate ("CRA") On December 16, 2016, the Company concluded the issuance of CRA linked to the public offering for distribution of the 1st and 2nd Series of the 1st Issue of Vert Companhia Securitizadora, in the amount of R$ 1,500,000, net of interest.
Such debentures are pegged to to Agribusiness Receivables Certificate (CRAs), which are the subject of the 2nd series of the 1st issue of CIBRASEC – Companhia Brasileira de Securitização, distributed through an offering, under CVM Instruction No. 400.
Within five business days after receipt of the Receivables Certificate, the Parent agrees to remit to the Buyer an amount equal to (x) the dollar amount of such Assigned Receivable as set forth in the Receivables Certificate minus (y) $3,832,000 by wire transfer of immediately available funds to a bank account designated by the Buyer for such purpose.
Upon the delivery to Statesman of the first Receivables Certificate hereunder the Cooperative will purchase Statesman Class A Preferred Stock with such par value as will cause it to have a Minimum Class A Investment in Statesman Class A Preferred Stock and on each TAPOS Determination Date thereafter it will acquire such additional Statesman Class A Preferred Stock if any as may be necessary for it to maintain a Minimum Class A Investment.
The portfolio is made up of Securitized Real Estate Loans (CRI), quotas of Credit Rights Investment Funds (FIDC) and Agribusiness Receivables Certificate (CRA).The CRIs are backed by real estate loans and predominantly are not subordinated.
On the 180th day following the Closing Date, the Buyer shall have the right to transfer and assign to the Parent any or all of the uncollected portion of any and all other Receivables that remain uncollected together with a Receivables Certificate with respect to any or all other Receivables that remain uncollected as of such date.
An example of a securitization mechanism already available in the Brazilian market is the CRA (Agribusiness Receivables Certificate), and there are initiatives to promote the issuance of green CRAs, for example, with low-carbon receivables and assets.
On April 13, 2020, the Company disbursed the total amount of R$612,779, from this amount R$600,000 was related to the payment of principal and R$12,779 of interest of the Agribusiness Receivables Certificate issued in April 2016, with interest of 98% of the CDI, this payment was made due to the normal maturity of the CRA.
Copies of the prevailing rates of per diem wages are on file at the Authority’s principal office at 550 S.