Receivables Financing Program means a program under which any of the Consolidated Entities sell, transfer, encumber or otherwise dispose of accounts receivable and/or related ancillary rights or assets, or interests therein, without recourse (except for customary representations and customary non-credit dilution provisions) other than with respect to such Consolidated Entity’s retained interest in such accounts receivable and/or related ancillary rights or assets or interests therein, such program to have terms and conditions reasonably acceptable to the Administrative Agent; provided that the aggregate outstanding attributed principal amount under such program shall not exceed $100,000,000 at any time.
Receivables Financing Program means a program under which any of the Consolidated Entities sell, transfer, encumber or otherwise dispose of accounts receivable and/or related ancillary rights or assets, or interests therein, without recourse (except for customary representations and customary non-credit dilution provisions) other than with respect to such Consolidated Entity’s retained interest in such accounts receivable and/or related ancillary rights or assets or interests therein, such program to have terms and conditions reasonably acceptable to the Administrative Agent; provided that the aggregate outstanding attributed principal amount under such program shall not exceed $75,000,000 at any time.
Receivables Financing Program means a program pursuant to which a Special Purpose Receivables Financing Subsidiary issues debt securities or preferred stock secured by (i) Medicaid, Medicare or other patient accounts receivable or Permitted Receivables Financing Securities purchased from the Borrower and its Subsidiaries or (ii) security interests in Medicaid, Medicare or other patient accounts receivable or Permitted Receivables Financing Securities granted by the Borrower and its Subsidiaries.
Examples of Receivables Financing Program in a sentence
Receivables Financing Program incurred in accordance with this Agreement, as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal quarters of the Consolidated Entities ended on or most recently ended as of such date.
He hopes that petty complaints, which have cost a fortune will dry up, the threat of automatic suspensions will be lifted and pre-determination rules will be relaxed, however, there will be tougher penalties for criminal offences.
Through the Export Receivables Financing Program, our sales have improved.
More Definitions of Receivables Financing Program
Receivables Financing Program means a program under which any of the Consolidated Entities sell, transfer, encumber or otherwise
Receivables Financing 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 or encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.
Receivables Financing Program the program pursuant to which Xxxxxxx Funding issues debt securities or preferred stock, or obtains standby letters of credit for the benefit of the Borrower and its Subsidiaries, secured by (a) Medicaid, Veteran's Administration or other governmental accounts receivable or Permitted Receivables Financing Securities purchased from the Borrower and its Subsidiaries or (b) security interests in Medicaid, Veteran's Administration or other governmental accounts receivable or Permitted Receivables Financing Securities granted by the Borrower and its Subsidiaries.