Receivables Sale of any Person means any sale of Receivables of such Person (pursuant to a purchase facility or otherwise), other than in connection with a disposition of the business operations of such Person relating thereto or a disposition of defaulted Receivables for purpose of collection and not as a financing arrangement.
Receivables Sale means, for any Tranche of Notes, each sale of Receivables by each Master Trust with respect to such Tranche pursuant to Section 4.05 and pursuant to Section 12(b) of the Series 2007-CC Supplement or a comparable provision of any other applicable agreement relating to any Additional Collateral Certificate.
Receivables Sale means the transfer and sale by the Borrower or the Subsidiaries of accounts receivable to a Receivables Subsidiary, which shall finance its acquisition of such accounts receivable (i) with proceeds from the issuance of Third Party Securities, (ii) with Sellers' Retained Interests and (iii) with proceeds from the sale or collection of accounts receivable previously purchased by it. For purposes of measuring compliance with Section 6.03(d), the amount of any Indebtedness existing in respect of any Receivables Sale at any time shall be deemed to equal the greater of (i) the aggregate amount of Third Party Securities issued in connection with any Receivables Sale which are outstanding at such time or (ii) the maximum purchase limit, however denominated, under the financing of such Receivables Sale.
Examples of Receivables Sale in a sentence
Notwithstanding, in the event the total outstanding balances of Retained Principal Receivables exceeds the Maximum Balance Amount, [***]; provided that such purchase shall be governed by Schedule 7.3 and the Receivables Sale Agreement.
More Definitions of Receivables Sale
Receivables Sale means any Asset Sale consisting of the sale of accounts or notes receivable and associated assets, other than any such sale in bulk as part of a sale or other disposition of all or substantially all of the assets or stock of any Person or of any principal division or lines of business of any Person.
Receivables Sale means any sale, assignment, conveyance, transfer or other disposition of assets from time to time of, in each case without recourse and in the ordinary course of business, accounts receivable arising in the ordinary course of business; provided, that disposition(s) related thereto shall be made for cash and for at least fair market value as determined in good faith by the Board of Directors of the Parent.
Receivables Sale of any Person means any sale of Receivables of such Person (pursuant to a purchase facility or otherwise), other than in connection with a disposition of the business operations of such Person relating thereto or a disposition of defaulted Receivables for purpose of collection and not as a financing agreement.
Receivables Sale means any sale, transfer or other disposition of Receivables and Related Assets by the Parent or any of its Subsidiaries, but excluding sales or transfers of Receivables and Related Assets for purposes of collection in the ordinary course of business and consistent with past practice.
Receivables Sale of any Person means any sale of Receivables of such Person (pursuant to a purchase facility or otherwise), other than (x) any sale of Receivables by such Person as to which (i) such Person is neither directly or indirectly liable (as guarantor or otherwise) nor provides credit support of any kind and (ii) the purchaser of such Receivables has no recourse to any assets or property of such Person or (y) in connection with a disposition of the business operations of such Person relating thereto or a disposition of defaulted Receivables for purpose of collection and not as a financing arrangement.
Receivables Sale of the Corporation means any sale of Receivables of ---------------- the Corporation (pursuant to a purchase facility or otherwise), other than in connection with a disposition of the business operations of the Corporation relating thereto or a disposition of defaulted Receivables for purpose of collection and not as a financing arrangement.
Receivables Sale of any Person means any sale of Receivables of such Person (pursuant to a purchase facility or otherwise), other than (i) in connection with a disposition of the business operations of such Person relating thereto or a disposition of defaulted Receivables for purpose of collection and not as a financing arrangement or (ii) pursuant to a transaction that is treated as a "true sale" under Mexican GAAP and as a matter of Mexican law (and as to which such Person has received an opinion to such effect from counsel, which may be the counsel to such Person).