Receivables Co. definition

Receivables Co. means any Restricted Subsidiary of the Borrower whose sole business consists of purchasing Accounts and related assets, or interests therein, pursuant to a Permitted Receivables Transaction, from the Borrower and its Restricted Subsidiaries, selling and granting Liens on such Accounts and related assets, or interests therein, obtaining credit on the basis of sales of or Liens on such Accounts and related assets, or interests therein, and such other activities as are incidental to the foregoing.
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Receivables Co. means any special purpose, bankruptcy-remote wholly-owned Subsidiary of the Borrower organized after the date hereof (or such other Person agreed to by the Administrative Agent) that purchases Accounts generated by the Borrower or any of its Subsidiaries in connection with the Permitted Receivables Transaction.
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Receivables Co. means any special purpose Wholly Owned Subsidiary of Borrower (or such other Person reasonably agreed to by the Administrative Agent) that purchases or otherwise acquires Accounts generated by any Company in connection with a Permitted Receivables Transaction.
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Examples of Receivables Co. in a sentence

  • The information is presented in New Zealand currency which is the company’s functional currency.

  • Notwithstanding the foregoing, the provisions of this paragraph shall not apply to any Receivables Co. or any Equity Interest therein, so long as any Permitted Receivables Transaction with respect thereto is in effect.

  • Notwithstanding the foregoing, the provisions of this Section 9.20 shall not apply to any Receivables Co., so long as any Permitted Receivables Transaction with respect thereto is in effect.

  • Dealership 100.0% Liquidated dealership - [1] 67 MLC Auto Receivables Co. Historical Operating Entity 100.0% Inactive operating entity established to sell accounts receivable.

  • The Borrower will not, and will not permit any of the Restricted Subsidiaries (other than a Receivables Co. in connection with a Permitted Receivables Transaction) to, engage in any business activity, except the business activities of the type in which the Borrower and its Subsidiaries are engaged on the Effective Date (after giving effect to the Transaction) and any businesses reasonably ancillary, incidental or related thereto (the "Holdings Business").

  • In the case of any Investment by a Company in any Receivables Co., such Investment shall only be made in connection with a Permitted Receivables Transaction on terms satisfactory to Joint Lead Arrangers.

  • Notwithstanding anything -------------------------------------------------- to the contrary contained in the Existing Credit Agreement (including the definition of the term "Net Disposition Proceeds" or Section 3.1.2 thereto), the Lenders hereby waive any mandatory prepayment event which would otherwise arise in connection with the sale or transfer of Receivables and Related Rights to Receivables Co. or by Receivables Co. to the Conduit.

  • Section 7.1.16 of the Existing Credit Agreement is hereby amended by replacing the word "Subsidiaries" each time such word appears therein with the phrase "Subsidiaries (other than, at all times prior to the termination of the Permitted Receivables Transaction, Receivables Co.)".

  • Section 7.1 8 of the Existing Credit Agreement is hereby amended by replacing the phrase "upon any Person" appearing therein with the phrase "upon any Person (other than, at all times prior to the termination of the Permitted Receivables Transaction, Receivables Co.)".

  • Xxxx Title: Executive Vice President - Finance THIS RECEIVABLES ASSIGNMENT (the “Receivables Assignment”) is entered into as of June 28, 2013, by and between each of the undersigned “Transferors” (each such party, a “Transferor”) and Univision Receivables Co., LLC (“Buyer”).


More Definitions of Receivables Co.

Receivables Co. means collectively ProSource Receivables Corporation and ProSource Investments, Inc., each a special purpose, bankruptcy-remote wholly-owned Subsidiary of the Borrower.
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Receivables Co. means Imo Funding Company, LLC, a special --------------- purpose, bankruptcy-remote wholly-owned U.S. Subsidiary of the Borrower organized under the laws of the state of Delaware.
Sample 1
Receivables Co. means any special purpose, bankruptcy-remote wholly-owned Subsidiary of the Company organized after the date hereof (or such other Person agreed to by the Administrative Agent) that purchases Accounts generated by the U.S. Borrower or any of its Subsidiaries in connection with the Permitted Receivables Transaction.
Sample 1
Receivables Co. means any special purpose, bankruptcy-remote, Wholly- Owned Subsidiary of the Company organized after the date hereof (or such other Person designated by the Company) that purchases Accounts generated by the Company or any of its Restricted Subsidiaries in connection with a Permitted Receivables Transaction. "Regulations A, D, G, T, U and X" means, respectively, Regulations A, D, G, T, U and X of the Board of Governors of the Federal Reserve System (or any successor), as the same may be modified and supplemented and in effect from time to time.
Sample 1
Receivables Co. means any special purpose Wholly Owned Subsidiary of the Canadian Borrower (or such other Person agreed to by the Majority Lead Arrangers) that purchases accounts receivable, chattel paper and related assets generated by any Company in connection with a Permitted Receivables Facility.
Sample 1
Receivables Co. means any special purpose Wholly Owned Subsidiary of Borrower organized after the First Amendment Date (or such other Person reasonably agreed to by Lead Arranger) that purchases or otherwise acquires Accounts generated by any Company in connection with a Permitted Receivables Transaction." -3-
Sample 1

Related to Receivables Co.

  • Receivables Collateral That portion of the Collateral which consists of Accounts, Accounts Receivable, General Intangibles, Chattel Paper, Instruments, Documents of Title, Documents, Investment Property, Payment Intangibles, Letter-of-Credit Rights, bankers’ acceptances, and all other rights to payment.

  • 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).

  • 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.

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

  • Receivables Program means, with respect to any Person, an agreement or other arrangement or program providing for the advance of funds to such Person against the pledge, contribution, sale or other transfer of encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.

  • Receivables Net Investment means the aggregate cash amount paid by the lenders or purchasers under any Permitted Receivables Financing in connection with their purchase of, or the making of loans secured by, Receivables Assets or interests therein, as the same may be reduced from time to time by collections with respect to such Receivables Assets or otherwise in accordance with the terms of the Permitted Receivables Documents (but excluding any such collections used to make payments of items included in clause (c) of the definition of Interest Expense); provided, however, that if all or any part of such Receivables Net Investment shall have been reduced by application of any distribution and thereafter such distribution is rescinded or must otherwise be returned for any reason, such Receivables Net Investment shall be increased by the amount of such distribution, all as though such distribution had not been made.

  • 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 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 Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility.

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • Receivables Documents means all documentation relating to any Permitted Accounts Receivable Securitization.

  • 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.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • 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.

  • Receivables Transaction any transactions or series of related transactions providing for the financing of Receivables of the Borrower or any of its Subsidiaries.

  • Receivables Fees means distributions or payments made directly or by means of discounts with respect to any participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Financing.

  • Receivables Purchase Price means $1,491,002,573.66.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred, sold and/or pledged or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables Assets and any collections or proceeds of any of the foregoing (including, without limitation, lock-boxes, deposit accounts, records in respect of Receivables Assets and collections in respect of Receivables Assets).

  • Permitted Receivables Transaction means any transaction or series of transactions entered into by the Company or any of its Subsidiaries in order to monetize or otherwise finance a pool (which may be fixed or revolving) of receivables, leases or other financial assets (including, without limitation, financing contracts) or other transactions evidenced by receivables purchase agreements, including, without limitation, factoring agreements and other similar agreements pursuant to which receivables, leases, other financial assets, and any assets related thereto, are sold at a discount (in each case whether now existing or arising in the future), and which may include a grant of a security interest in any such receivables, leases, other financial assets (whether now existing or arising in the future) of the Company or any of its Subsidiaries, and any assets related thereto, including all collateral securing such receivables, leases, or other financial assets, all contracts and all guarantees or other obligations in respect thereof, proceeds thereof and other assets that are customarily transferred, or in respect of which security interests are customarily granted, in connection with asset securitization transactions involving receivables, leases, or other financial assets or other transactions evidenced by receivables purchase agreements, including, without limitation, factoring agreements and other similar agreements pursuant to which receivables are sold at a discount.

  • Receivables Records means (i) all original copies of all documents, instruments or other writings or electronic records or other Records evidencing the Receivables, (ii) all books, correspondence, credit or other files, Records, ledger sheets or cards, invoices, and other papers relating to Receivables, including, without limitation, all tapes, cards, computer tapes, computer discs, computer runs, record keeping systems and other papers and documents relating to the Receivables, whether in the possession or under the control of Grantor or any computer bureau or agent from time to time acting for Grantor or otherwise, (iii) all evidences of the filing of financing statements and the registration of other instruments in connection therewith, and amendments, supplements or other modifications thereto, notices to other creditors or secured parties, and certificates, acknowledgments, or other writings, including, without limitation, lien search reports, from filing or other registration officers, (iv) all credit information, reports and memoranda relating thereto and (v) all other written or nonwritten forms of information related in any way to the foregoing or any Receivable.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Receivables Schedule means the schedule of receivables attached as Schedule A, as amended, supplemented or otherwise modified and in effect from time to time.

  • Receivables Transfer Agreement means, collectively or individually, the Originator Receivables Transfer Agreement and the Master Trust Receivables Transfer Agreement, as the context may require.

  • Permitted Receivables Documents means all documents and agreements evidencing, relating to or otherwise governing a Permitted Receivables Financing.

  • Receivables Transaction Amount means the amount of obligations outstanding under the legal documents entered into as part of such Qualified Receivables Transaction on any date of determination that would be characterized as principal if such Qualified Receivables Transaction were structured as a secured lending transaction rather than as a purchase.

  • Special Purpose Receivables Subsidiary means a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Receivables Financing for the acquisition of Receivables Assets or interests therein, and which is organized in a manner intended to reduce the likelihood that it would be substantively consolidated with the Borrower or any of the Subsidiaries (other than Special Purpose Receivables Subsidiaries) in the event the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law).