Examples of Receivables Purchase Facility in a sentence
In 2012, two of CEVA Group’s Australian subsidiaries (the "Australian Originators") established a new subsidiary, CEVA Receivables (Australia) Pty Ltd (the "Australian SPE"), for the purpose of establishing a three year A$40 million receivables purchase facility (the "Initial Australian Receivables Purchase Facility").
The Australian SPE was established for the purpose of acting as trustee in respect of certain trade receivables originated by the Australian Originators, and then selling (in its capacity as trustee) these receivables to the purchaser under the Initial Receivables Purchase Facility.
On or about 22 May 2015, the Initial Australian Receivables Facility was replaced by a new receivables purchase facility (the "New Australian Receivables Purchase Facility") using the same Australian SPE as trustee on behalf of the two Australian Originators, but with a new purchaser counterparty.
That Correspondence Request Item 3 from Danny LeBlanc concerning the vacant City Councillor seat be received for information.” CARRIED308City Council Minutes - 58 - January 31, 2011 ADDITIONAL AGENDA ITEMS/MOTIONS 1.
Subject to paragraph (c) below, any reduction or cancellation issued by the Insurer will apply to any Receivables Purchase Facility disbursed after the notice is given to the Insured.