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).

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.

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).

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. Borrowers 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.

• Chemtura shall use commercially reasonable efforts to obtain as promptly as reasonably practicable all Consents required under the Receivables Securitization Agreements (including, where necessary, Consents of the applicable Persons to the repurchase by Chemtura of Accounts Receivable) for the consummation of the transactions contemplated by this Agreement from the applicable parties thereto and to cause the release of all Liens in respect of any and all Assets subject to any Lien thereunder.

• Chemtura shall have received all Consents required under the Receivables Securitization Agreements (including, where necessary, Consents of the applicable Persons to the repurchase by Chemtura of Accounts Receivable) for the consummation of the transactions contemplated by this Agreement from the applicable parties thereto and the release of all Liens in respect of any and all of the Assets subject to any Lien thereunder.

• 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 2029 Convertible Debentures Indenture, the Receivables Securitization Agreements or any Real Estate Loan Agreement.

• 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 Subordinated Notes Indenture, the 2029 Convertible Debentures Indenture, the Receivables Securitization Agreements or any Real Estate Loan Agreement.

• Except as set forth on Schedule 4.6, one or more of the Sellers has good and marketable title to, a valid and subsisting leasehold interest in or a valid right to use, each of the Assets free and clear of any Lien other than Permitted Liens, including on and as of the Closing Date, any Lien associated with the Receivables Securitization Agreements.

• The Administrative Agent shall have received a true, correct and complete copy of that certain Fourth Amendment to Third Amended and Restated Receivables Purchase Agreement, together with such other amendments to the Receivables Securitization Agreements as the Administrative Agent shall reasonably request, in each case, in form and substance satisfactory to the Administrative Agent, which amendments shall be fully-executed and in full force and effect as of the Effective Date.

• The Receivables Securitization Agreements shall have been amended, or shall be amended substantially concurrently with the occurrence of the 2021 Additional Revolving Commitments Availability Date, in form and substance reasonably satisfactory to the Administrative Agent (it being agreed that the terms provided to the Administrative Agent on or before the First Amendment Effective Date are satisfactory to the Administrative Agent).

• WESCO Receivables will not own or acquire any material assets other than Accounts sold to WESCO Receivables by the U.S. BorrowersLoan 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).

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.

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).

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).

Receivables Securitization Agreements means the Receivables Purchase Agreement, the Receivables Sale Agreement and the Receivable Transfer Agreement.