Receivables Finance Facility definition

Receivables Finance Facility means that certain credit facility backed or secured by accounts receivables of certain of the Consolidated Companies in a principal amount up to U.S. $550,000,000 among certain of the Consolidated Companies and “RABOBANK NEDERLAND”, NEW YORK BRANCH, to be entered into on or prior to the effective date hereof, as the same may be amended, modified or supplemented from time to time.
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Receivables Finance Facility means the trade finance facility available to the Company and its Restricted Subsidiaries pursuant to certain agreements between, among others, Velocitas Funding Designated Activity Company, X.X. Xxxxxx Europe Limited, Wilmington Trust SP Services (Dublin) Limited, Aston Xxxxxx Lagonda Limited, AML Global, JPMorgan Chase Bank, N.A., London Branch and Barclays Bank plc, dated July 28, 2020, as amended from time to time, and any Receivables Financing that refinances such facility.
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Receivables Finance Facility means, collectively (a) (i) that certain credit facility backed or secured by accounts receivables of certain of the Consolidated Companies among certain of the Consolidated Companies and “RABOBANK NEDERLAND”, NEW YORK BRANCH, to be entered into on or prior to the Closing Date, and (ii) any other similar credit facility backed or secured by accounts receivables of certain of the Consolidated Companies among certain of the Consolidated Companies and a financial institution to be entered into after the Closing Date with customary limited recourse that is no more expansive in any material respect than the recourse under the credit facility referred to in clause (i) above (as in effect when entered into) or, to the extent applicable only to non-Credit Parties, that is customary in the relevant local market and performance undertakings and guarantees that are no more extensive in any material respect than the performance undertakings and guarantees provided by Credit Parties in connection with the credit facility referred to in clause (i) above (as in effect when entered into), in each case as the same may be amended, modified or supplemented from time to time in accordance with the requirements of this definition and (b) any arrangement or agreement in respect of a “true sale” (or any similar concept in the applicable jurisdiction) of Receivables in accordance with the laws of the United States or any state thereof, Canada, any province or territory of Canada or other applicable jurisdiction.”
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Examples of Receivables Finance Facility in a sentence

  • Any amount debited to the Client Account under the Receivables Finance Facility (except in respect of Dilutions or Recourse) will be treated as an Advance Payment and the Discount Charge will be worked out on the amount of the Funds In Use at the end of each day.

  • Management expects the fair value amounts to be collected in full and converted to cash consistent with the standard terms of insurance premium funding loans, which require monthly payment of instalments over a period of 10 months.Interest bearing liabilitiesThe Company has a Multi Option Facility (including bank overdraft) and a Receivables Finance Facility of $81,550,000 with the National Australia Bank Limited.

  • The key elements of the new facilities are a reduced RCF of £30.0m (previously £78.2m) and a Receivables Finance Facility (“RFF”) (invoice discounting) of a maximum of £73.2m, and the removal of the overdraft facility of £25.0m.

  • The key elements of the new facilities are, a reduced RCF of £30.0m (previously £78.2m) and a Receivables Finance Facility (“RFF”) (invoice discounting) of a maximum of £73.2m, and the removal of the overdraft facility of £25.0m.

  • The key elements of the new facilities are, a reduced RCF of £30.0m (previously£78.2m) and a Receivables Finance Facility (“RFF”) (invoice discounting) of a maximum of £73.2m, and theremoval of the overdraft facility of £25.0m.

  • In addition, amounts advanced under the Receivables Finance Facility are secured by the partial assignment to the National Australia Bank of loan contract receivables.At acquisition date CAF had utilised $68,407,000 of the facility.The tax implications of the PIH group joining the CAF Tax Consolidation Group are yet to be fully assessed as the tax valuation work is complex and there has been insufficient time to fully complete this work due to the merger being close to the reporting date.

  • This suggests that a given incentive is likely to be more cost-effective in Singapore than, say, in Republic of Korea because administrative costs and corruption possibilities associated with tax incentives might be much lower in Singapore.The above discussion confirms that strong investment climates are an important factor in attracting foreign investment.

  • Receivables Finance Facility Offer Letter, accepted as of August 3, 2010, from Commonwealth Bank of Australia to Hudson Global Resources (Aust) Pty Limited (incorporated by reference to Exhibit 4.3 to Hudson Highland Group, Inc.’s Current Report on Form 8-K dated August 3, 2010 (File No. 0-50129)).

  • In addition, amounts advanced under the Receivables Finance Facility are secured by the partial assignment to the National Australia Bank of loan contract receivables.(ii) The Group also holds a $120 million Securitisation Facility to provide an additional and alternative source for funding its IPF business.

  • The Group has a multi Option Facility (including bank overdraft) and a Receivables Finance Facility of $23,800,000 with the National Australia Bank Limited.


More Definitions of Receivables Finance Facility

Receivables Finance Facility is defined in Clause 3.1.
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Receivables Finance Facility means the receivables finance facility made available under this Agreement as described in Clause 2.1(a).
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Receivables Finance Facility. The Outstanding Purchase Price shall not at any time exceed the Receivables Limit.
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Receivables Finance Facility has the meaning given to it in Clause 2.1(b) (The Working Capital Facilities).
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Receivables Finance Facility means that certain credit facility backed or secured by accounts receivables of certain of the Consolidated Companies among certain of the Consolidated Companies and “RABOBANK NEDERLAND”, NEW YORK BRANCH, to be entered into on or prior to the Closing Date, as the same may be amended, modified or supplemented from time to time.
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Receivables Finance Facility means the receivables finance facility made available under this Agreement as described in clause 2.1 (a);
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Related to Receivables Finance Facility

  • Receivables Financing means any transaction or series of transactions that may be entered into by the Issuer or any of its Subsidiaries pursuant to which the Issuer or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary (in the case of a transfer by the Issuer or any of its Subsidiaries); and (b) any other Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Issuer or any of its Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable and any Hedging Obligations entered into by the Issuer or any such Subsidiary in connection with such accounts receivable.

  • Permitted Receivables Financing means any one or more receivables financings in which (a) any Loan Party or any Restricted Subsidiary (i) sells (as determined in accordance with GAAP) any accounts (as defined in the Uniform Commercial Code as in effect in the State of New York), payment intangibles (as defined in the Uniform Commercial Code as in effect in the State of New York), notes receivable, rights to future lease payments or residuals (collectively, together with certain property relating thereto and the right to collections thereon, being the “Transferred Assets”) to any Person that is not a Subsidiary or Affiliate of the Borrower (with respect to any such transaction, the “Receivables Financier”), (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets and/or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier or (b) any Loan Party or any Restricted Subsidiary sells, conveys or otherwise contributes any Transferred Assets to a Receivables Financing SPC, which Receivables Financing SPC then (i) sells (as determined in accordance with GAAP) any such Transferred Assets (or an interest therein) to any Receivables Financier, (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier; provided that (A) the aggregate Attributed Principal Amount for all such financings shall not at any time exceed $600,000,000 and (B) such financings shall not involve any recourse to any Loan Party or any Restricted Subsidiary for any reason other than (x) repurchases of non-eligible assets or (y) indemnifications for losses other than credit losses related to the Transferred Assets.

  • Receivables Facility means any of one or more receivables financing facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the Obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Issuer or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Issuer or any of its Restricted Subsidiaries purports to sell its accounts receivable to either (a) a Person that is not a Restricted Subsidiary or (b) a Receivables Subsidiary that in turn funds such purchase by purporting to sell its accounts receivable to a Person that is not a Restricted Subsidiary or by borrowing from such a Person or from another Receivables Subsidiary that in turn funds itself by borrowing from such a Person.

  • Receivables Facility Assets means currently existing and hereafter arising or originated Accounts, Payment Intangibles and Chattel Paper (as each such term is defined in the UCC) owed or payable to any Participating Receivables Grantor, and to the extent related to or supporting any Accounts, Chattel Paper or Payment Intangibles, or constituting a receivable, all General Intangibles (as each such term is defined in the UCC) and other forms of obligations and receivables owed or payable to any Participating Receivables Grantor, including the right to payment of any interest, finance charges, late payment fees or other charges with respect thereto (the foregoing, collectively, being “receivables”), all of such Participating Receivables Grantor’s rights as an unpaid vendor (including rights in any goods the sale of which gave rise to any receivables), all security interests or liens and property subject to such security interests or liens from time to time purporting to secure payment of any receivables or other items described in this definition, all guarantees, letters of credit, security agreements, insurance and other agreements or arrangements from time to time supporting or securing payment of any receivables or other items described in this definition, all customer deposits with respect thereto, all rights under any contracts giving rise to or evidencing any receivables or other items described in this definition, and all documents, books, records and information (including computer programs, tapes, disks, data processing software and related property and rights) relating to any receivables or other items described in this definition or to any obligor with respect thereto and any other assets customarily transferred together with receivables in connection with a non-recourse accounts receivable factoring arrangement and which are sold, conveyed assigned or otherwise transferred or pledge in connection with a Permitted Receivables Financing, and all proceeds of the foregoing.

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith in consultation with the Administrative Agent) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary)).

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

  • 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.