Receivables Financing Subsidiary definition

Receivables Financing Subsidiary means any Wholly-owned Subsidiary of the Borrower formed solely for the purpose of, and that engages only in, one or more Permitted Receivables Financings.

Receivables Financing Subsidiary means any Wholly Owned Subsidiary of the Company which is the transferee of Receivables in connection with, and the borrower under, a Permitted Receivables Financing.

Receivables Financing Subsidiary means any Wholly Owned Subsidiary of the Issuer formed solely for the purpose of, and that engages only in, one or more Permitted Receivables Financings.

Examples of Receivables Financing Subsidiary in a sentence

• The Borrower agrees to cause each Person, other than a Special Purpose Receivables Financing Subsidiary, that shall, at any time after the date hereof, become a Wholly-Owned Subsidiary of the Borrower to enter into the Subsidiary Guaranty.

• Permit any Permitted Receivables Financing Subsidiary to engage in any activities or to incur any Indebtedness, guaranty, Liens or any other obligations, in each case except as otherwise permitted under the definition of Permitted Receivables Financing Subsidiaries.

• Notwithstanding anything to the contrary contained in this Section 5.01(i) or any other Loan Document, the Borrower shall not be required to cause any Receivables Financing Subsidiary or Insurance Subsidiary to join or become a party to, or otherwise become bound by, any guaranty (including the Subsidiary Guaranty) guaranteeing the other Loan Parties’ Obligations under the Loan Documents.

• Organize or invest, or permit any Subsidiary to organize or invest, in any new Subsidiary except as permitted under Section 5.02(f)(iii), (vii), (ix), (xiii), (xiv) or (xv) or organizing a new Receivables Financing Subsidiary.

• The Representative agrees to cause each Person, other than a Special Purpose Receivables Financing Subsidiary, that shall, at any time after the Documentation Date, become a Wholly-Owned Subsidiary of the Representative to enter into the Guaranty promptly (and in any event within 10 Business Days thereafter) after becoming a Wholly-Owned Subsidiary, and to provide written evidence thereof reasonably satisfactory to the Administrative Agent.

More Definitions of Receivables Financing Subsidiary

Receivables Financing Subsidiary means any Subsidiary of the Borrower that is formed solely for the purpose of engaging in, and engages in, one or more receivables financing transaction permitted by Section 5.02(b)(iii)(H).

Receivables Financing Subsidiary means CMC Receivables, Inc. and any other Subsidiary of the Company which is the transferee of Receivables in connection with, and the borrower under, a Permitted Receivables Financing.

Receivables Financing Subsidiary means a Subsidiary formed for the purpose of monetizing accounts receivable of the Company and/or one or more of its Subsidiaries whose assets consent of cash, such accounts receivable and related intangibles and assets.

Receivables Financing Subsidiary means AROP Funding and any Subsidiary of the Borrower or a Loan Party that is formed solely for the purpose of engaging in, and engages in, one or more receivables financing transaction pursuant to Section 5.02(b)(xi).

Receivables Financing Subsidiary means a corporation that (a) is a direct or indirect bankruptcy remote, special purpose entity, (b) satisfies, as of the date of its formation, the special purpose entity criteria published by Standard & Poor’s Rating Services, a division of The XxXxxx-Xxxx Companies, Inc. and in effect as of such date, and (c) was created for the sole purpose of acquiring, and whose only assets consist at all times of, Securitization Assets.

Receivables Financing Subsidiary means any Subsidiary of the Company that is formed solely for the purpose of engaging in, and engages in, one or more receivables financing transaction permitted by Section 5.02(b)(iii)(H) of the Credit Agreement.

Receivables Financing Subsidiary means any Subsidiary of the Borrower that is formed solely for the purpose