Receivables Securitization Agreements definition

Receivables Securitization Agreements means (a) that certain Fifth Amended and Restated Receivables Purchase Agreement, dated as of the Fourth Restatement Date, among WESCO Receivables, as seller, the Borrower Representative, as servicer, the purchasers from time to time party thereto, and PNC Bank National Association, as administrator, (b) that certain Second Amended and Restated Purchase and Sale Agreement, dated as of the Fourth Restatement Date, among WESCO Receivables, the Borrower Representative and the other parties from time to time party thereto, and (c) all other documents executed or delivered in connection therewith, in each case, as amended, restated, supplemented, modified, renewed, refinanced or replaced from time to time in accordance with Section 6.11 (including, for greater certainty, amendments, renewals, refinancings and replacements which increase the maximum amount available under such facilities which are not prohibited by Section 6.11).
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Receivables Securitization Agreements means a series of interrelated agreements (including a receivables purchase agreement, a receivables sale agreement, a receivables transfer agreement, and other usual and customary agreements and instruments) entered into by the Company, its Subsidiaries or any Securitization Entity, the purpose of which are to govern the terms of a Qualified Securitization Transaction , in each case as such agreement or agreements may from time to time be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including, without limitation, any successive renewals, extensions, substitutions, refinancings, restructurings, replacements, supplements or other modifications of the foregoing), and whether with the initial parties thereto or other parties and administrative agents.
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Receivables Securitization Agreements means (a) that certain Third Amended and Restated Receivables Purchase Agreement dated as of April 13, 2009 among WESCO Receivables, as seller, WESCO Distribution, Inc., as servicer, the purchasers from time to time party thereto, and PNC Bank National Association, as administrator, (b) that certain Purchase and Sale Agreement dated as of June 30, 1999, among WESCO Receivables and WESCO Distribution, Inc., and (c) all other documents executed or delivered in connection therewith, in each case, as amended, restated, supplemented or otherwise modified or replaced from time to time in accordance with Section 6.11 (including, for greater certainty, amendments and replacements which increase the maximum amount available under such facilities which are not prohibited by Section 6.11).
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Examples of Receivables Securitization Agreements in a sentence

  • WESCO Receivables will not own or acquire any material assets other than Accounts sold to WESCO Receivables by the U.S. Loan Parties or incur any liabilities, in each case, except pursuant to and in accordance with the Receivables Securitization Agreements (other than liabilities reasonably incurred in connection with its maintenance of its existence).

  • The execution, delivery and performance by the Loan Parties of this Agreement and the other Loan Documents and the making of the Loans hereunder do not violate the terms of the Senior Notes Indentures or the Receivables Securitization Agreements.


More Definitions of Receivables Securitization Agreements

Receivables Securitization Agreements means (a) the Fourth Amended and Restated Receivables Sale Agreement, dated as of September 28, 2006, among Crompton & Xxxxxxx Receivables Corporation, Chemtura, ABN AMRO Bank N.V. and the other banks and liquidity providers named therein and (b) the Amended and Restated Receivables Purchase Agreement, dated as of September 28, 2006, among Crompton & Xxxxxxx Receivables Corporation, Chemtura, Bio-Lab Inc. and Great Lakes Chemical Corporation, as consented to by ABN AMRO Bank N.V.
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Receivables Securitization Agreements means (a) that certain Third Amended and Restated Receivables Purchase Agreement dated as of April 13, 2009 among WESCO Receivables, as seller, WESCO Distribution, Inc., as servicer, the purchasers from time to time party thereto, and PNC Bank National Association, as administrator, (b) that certain Purchase and Sale Agreement dated as of June 30, 1999, among WESCO Receivables, WESCO Distribution, Inc. and the other parties from time to time party thereto, and (c) all other documents executed or delivered in connection therewith, in each case, as amended, restated, supplemented or otherwise modified or replaced from time to time in accordance with Section 6.11 (including, for greater certainty, amendments and replacements which increase the maximum amount available under such facilities which are not prohibited by Section 6.11).
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Receivables Securitization Agreements means (a) that certain Fourth Amended and Restated Receivables Purchase Agreement dated as of the Second Restatement Date among WESCO Receivables, as seller, WESCO Distribution, Inc., as servicer, the purchasers from time to time party thereto, and PNC Bank National Association, as administrator, as amended through the date hereof, (b) that certain Amended and Restated Purchase and Sale Agreement dated as of the Second Restatement Date among WESCO Receivables, WESCO Distribution, Inc. and the other parties from time to time party thereto, as amended through the date hereof, and (c) all other documents executed or delivered in connection therewith, in each case, as amended, restated, supplemented, modified, renewed, refinanced or replaced from time to time in accordance with Section 6.11 (including, for greater certainty, amendments, renewals, refinancings and replacements which increase the maximum amount available under such facilities which are not prohibited by Section 6.11).
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Receivables Securitization Agreements means the Receivables Purchase Agreement, the Receivables Sale Agreement and the Receivable Transfer Agreement.
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Related to Receivables Securitization Agreements

  • Receivables Securitization any financing pursuant to which accounts receivable of the Borrower or any of its Subsidiaries are (or are purported to be) sold or pledged, which financing shall be non-recourse (except for customary limited recourse provisions) to the Borrower and its Subsidiaries.

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Securitization Assets means the accounts receivable, royalty or other revenue streams and other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.

  • Permitted Securitization means, for any Borrower and its Subsidiaries, any sale, assignment, conveyance, grant and/or contribution, or series of related sales, assignments, conveyances, grants and/or contributions, by such Borrower or any of its Subsidiaries of Receivables (or purported sale, assignment, conveyance, grant and/or contribution) to a trust, corporation or other entity, where the purchase of such Receivables may be funded or exchanged in whole or in part by the incurrence or issuance by the applicable Securitization SPV, if any, of Indebtedness or securities (such Indebtedness and securities being “Attributable Securitization Obligations”) that are to be secured by or otherwise satisfied by payments from, or that represent interests in, the cash flow derived primarily from such Receivables (provided, however, that “Indebtedness” as used in this definition shall not include Indebtedness incurred by a Securitization SPV owed to any Borrower or any of its Subsidiaries, which Indebtedness represents all or a portion of the purchase price or other consideration paid by such Securitization SPV for such receivables or interests therein), where (i) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of such Borrower or any of its Subsidiaries, as applicable, in respect of Receivables sold, assigned, conveyed, granted or contributed, or payments made in respect thereof, are customary for transactions of this type, and do not prevent the characterization of the transaction as a true sale under Applicable Laws (including debtor relief laws) and (ii) any representation, warranty, covenant, recourse, repurchase, hold harmless, indemnity or similar obligations of any Securitization SPV in respect of Receivables sold, assigned, conveyed, granted or contributed or payments made in respect thereof, are customary for transactions of this type.