Receivables Purchase Transaction definition

Receivables Purchase Transaction means an arrangement whereby the Borrower or any of its Subsidiaries (including a special purpose subsidiary) sells, on a non-recourse basis, except to the extent customary in a “true sale” arrangement, its accounts receivable in connection with the collection of such accounts receivable in the ordinary course of business.
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Receivables Purchase Transaction means an arrangement whereby the Parent or any of its Subsidiaries (including a special purpose subsidiary) sells, on a non-recourse basis, except to the extent customary in a “true sale” arrangement, its accounts receivable in connection with the collection of such accounts receivable in the ordinary course of business.
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Receivables Purchase Transaction. The revolving trade receivable securitization facility not to exceed $100,000,000 whereby a Person shall purchase from time to time and on a Non-Recourse basis undivided fractional interests in a pool of accounts receivable of a Credit Party or Credit Parties or a Bankruptcy-Remote Subsidiary.
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Examples of Receivables Purchase Transaction in a sentence

  • The Borrower shall not amend or otherwise change the terms of the Receivables Transfer Agreements other than (i) amendments to extend the term thereof or to preserve the arm's length nature of the purchase and sale effected thereby and (ii) amendments in connection with a Permitted Domestic Receivables Purchase Transaction provided the effect of such amendment would not be materially adverse to the Borrower or to the Lenders.

  • Subject to the fulfillment of the conditions precedent to the effectiveness of this Modification which are set forth below, the Banks hereby consent to the increase in the amount of the Receivables Purchase Transaction, the consummation of the Foreign Receivables Transaction (whether done individually or combined with the Receivables Purchase Transaction) and the incurrence of Indebtedness by the Borrower pursuant to the Term Note Facility, all on the terms and conditions set forth in this Modification.

  • The term "Permitted Domestic Receivables Purchase Transaction" is hereby deleted each time it appears in the Credit Agreement and the term "Permitted Domestic Receivables Transaction" is hereby substituted therefor.


More Definitions of Receivables Purchase Transaction

Receivables Purchase Transaction means any one or more purchase or financing facilities entered into in connection with any continuing discounting, factoring or financing arrangement pursuant to which the Issuer or any Subsidiary may pledge, sell, convey or otherwise transfer Securitization Assets to any Person (other than the Issuer or a Subsidiary).
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Related to Receivables Purchase Transaction

  • Purchase Transaction means a purchase of scrap metal, or the purchase of property described in section 10 if the knowing purchase or offer to purchase that property is not prohibited by that section, by a scrap metal dealer. The term does not include any of the following:

  • repurchase transaction means a transaction governed by an agreement by which a counterparty transfers securities or guaranteed rights relating to title to securities where that guarantee is issued by a recognised exchange which holds the rights to the securities and the agreement does not allow a counterparty to transfer or pledge a particular security to more than one counterparty at a time, subject to a commitment to repurchase them, or substituted securities of the same description at a specified price on a future date specified, or to be specified, by the transferor, being a repurchase agreement for the counterparty selling the securities and a reverse repurchase agreement for the counterparty buying them;

  • Permitted Securitization Transaction Any financing transaction undertaken by the Seller or an Affiliate of the Seller that is secured, directly or indirectly, by the Collateral or any portion thereof or any interest therein, including any sale, lease, whole loan sale, asset securitization, secured loan or other transfer.

  • Asset Purchase Agreement has the meaning set forth in the Recitals.

  • Purchase and Sale Agreement means that certain Purchase and Sale Agreement, dated as of the Closing Date, between the Transferor, as the seller, and the Borrower, as the purchaser, as amended, modified, supplemented, restated or replaced from time to time in accordance with the terms thereof.

  • Advance Purchase Agreements means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.

  • hire-purchase agreement means an agreement, other than a conditional sale agreement, under which—

  • 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.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • Online Transaction means any Phone/Electronic Transaction requested through an Electronic Transmission over the Internet.