Receivables Securitization Facility any one or more receivables financing facilities the obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Borrower and its Restricted Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Borrower or any Restricted Subsidiary sells its accounts receivable to either (a) a Person that is not a Restricted Subsidiary or (b) a Receivables Subsidiary that in turn funds such purchase by purporting to sell the accounts receivable to a Person that is not a Restricted Subsidiary or by borrowing from such a Person or from another Receivables Subsidiary that in turn funds itself by borrowing from such a Person.
Receivables Securitization Facility means (i) the Receivables Purchase Facility established for Aramark Receivables, LLC pursuant to the Receivables Purchase Agreement dated as of March 28, 2001 among Aramark Receivables, LLC and the other parties thereto, as amended and in effect from time to time, and (ii) any substantially similar receivable securitization facility established for the Parent Guarantor or any of its Subsidiaries.
Receivables Securitization Facility means the receivables securitization facility established pursuant to the following documents (and all other documents related to such facility), in each case as in effect from time to time, and any replacement, refinancing or extension thereof permitted pursuant to the terms of Section 5.14 (b)(vii) hereof: Third Amended and Restated Master Trust Agreement dated as of August 19, 2003, as amended by Amendment Number One to Third Amended and Restated Master Trust Agreement dated as of December 29, 2003, Amendment Number Two to Third Amended and Restated Master Trust Agreement dated as of May 25, 2004, and Amendment Number Three to Third Amended and Restated Master Trust Agreement dated as of June 10, 2004 (as so amended, and as amended from time to time, through the date hereof, the “Master Trust Agreement”) pursuant to which The Bank of New York, as trustee, has issued to Maple Bank GmbH (“Maple”), Investor Certificates (the “Investor Certificates”) in the original aggregate principal amount of $95,300,000 under a Series 2003-A Supplement dated as of August 19, 2003, as amended by Amendment Number One to Series 2003-A Supplement dated as of December 29, 2003, Amendment Number Two to Series 2003-A Supplement dated as of May 25, 2004 and Amendment Number Three to Series 2003-A Supplement dated as of June 10, 2004 (as so amended, and as amended from time to time, through the date hereof, the “Series 2003-A Supplement”) among the Sellers, the Bank of New York, as trustee, and Maple, and as amended by the Letter Agreement (the “Receivables Letter Agreement”) dated as of August 6, 2004 among the Company, TMM Logistics, S.A. de C.V., Naviera Del Xxxxxxxx, X.X. de C.V., and The Bank of New York, as trustee, and Maple Bank GmbH, and the Termination Agreement dated as of August 6, 2004 between the Company and the Bank of New York.
Examples of Receivables Securitization Facility in a sentence
Other than in connection with any Permitted Receivables Securitization Facility or in the ordinary course of business and not for purposes of speculation, the Company will not, and will not permit any of its Subsidiaries to, enter into any Hedging Agreements.
Increasing our existing Receivables Securitization Facility by $300 million, from $0.8 billion to $1.1 billion, and extending the Facility through October 2025.
ABDC is the servicer of the accounts receivable under the Receivables Securitization Facility.
Any Subsidiary of Zale, the principal purpose of which is to provide funds for working capital or other general corporate purposes to Zale Xxxaware and its Subsidiaries through the transfer of receivables created by Zale, Xxxx Xxxaware or their Subsidiaries (or of instruments received in consideration of receivables transferred pursuant to the Receivables Securitization Facility Documents).
Any amounts funded under the Receivables Securitization Facility are not classified as debt on the balance sheet, but are reflected as a reduction in accounts receivable.
More Definitions of Receivables Securitization Facility
Receivables Securitization Facility has the meaning set forth in the defined term “Permitted Receivables Facility”.
Receivables Securitization Facility means the accounts receivable securitization facility provided for by (a) the Receivables Purchase Agreement, (b) the Receivables Securitization Facility Subordinated Note, (c) certain purchase and sale agreements and (d) all documents, agreements, and instruments relating to any of the foregoing, in each case, as amended, restated, amended and restated, modified, supplemented, renewed, replaced or refinanced through the Effective Date and from time to time thereafter to the extent permitted hereunder.
Receivables Securitization Facility means the receivables securitization facility established pursuant to the Amended and Restated Master Trust Agreement, dated as of September [___], 2002, and the documents related thereto, in each case as in effect from time to time, and any replacement, refinancing or extension thereof.
Receivables Securitization Facility any one or more receivables financing facilities the obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Parent Borrower and its Restricted Subsidiaries (other than a Receivables Subsidiary) pursuant to which the Parent Borrower or any Restricted Subsidiary sells its accounts receivable to either (a) a Person that is not a Restricted Subsidiary or (b) a Receivables Subsidiary that in turn funds such purchase by purporting to sell the accounts receivable to a Person that is not a Restricted Subsidiary or by borrowing from such a Person or from another Receivables Subsidiary that in turn funds itself by borrowing from such a Person. “Receivables Subsidiary”: any Subsidiary of the Parent Borrower formed for the purpose of facilitating or entering into one or more Receivables Facilities, and in each case engages only in activities reasonably related or incidental thereto; provided that each Receivables Subsidiary shall at all times be a Wholly Owned Subsidiary of a Loan Party. “Recovery Event”: any settlement of, or payment in respect of, any property or casualty insurance claim or any condemnation proceeding relating to any asset of any Group Member. “Reference Period”: each period of four consecutive fiscal quarters of the Parent Borrower. 45
Receivables Securitization Facility means a credit facility which was entered into pursuant to the Receivables Purchase Agreement, dated May 14, 1999, among AmeriSource Receivables Financial Corporation, as seller, the Subsidiary Guarantor, as servicer, the Company, as guarantor, Delaware Funding Corporation, as buyer, and Xxxxxx Guaranty Trust Company of New York, as administrative agent, as such agreement has been or may be amended, supplemented, restated, extended, renewed or otherwise modified from time to time and includes any agreement (and all successor agreements thereto (extending the maturity of, refinancing or otherwise restructuring all or any portion of the indebtedness under such agreement or any successor agreement.
Receivables Securitization Facility means that certain Credit and Security Agreement dated December 5, 2001 by and among Wachovia Bank, N.A. and Buckeye Receivables Inc, or any refinancing, extension or replacement thereof permitted by Section 6.6.12.
Receivables Securitization Facility means the Receivables Securitization Facility (as defined in the Working Capital Credit Agreement) and any other receivables securitization facility of any Securitization Subsidiary (as defined in the Indenture).