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 28th March, 2001 among Aramark Receivables, LLC and any other parties thereto, as amended and in effect from time to time and (ii) any substantially similar receivable securitisation facility established for the Company or any of its Subsidiaries which constitutes a sale of assets pursuant to United States generally accepted accounting principles.
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 Pxxxxxxx, 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
Receivables Securitization Facility – We maintain a $600 million, 364-day receivables securitization facility under which we sell most of its eligible third-party receivables to Union Pacific Receivables, Inc.
Receivables Securitization Facility – We maintain an $800 million, 3-year receivables securitization facility (the Receivables Facility) maturing in July 2022.
Receivables Securitization Facility – We maintained our $800 million, 3-year receivables securitization facility (the Receivables Facility) maturing in July 2022.
Receivables Securitization Facility – We maintain a $650 million, 3-year receivables securitization facility (the Receivables Facility), maturing in July 2019.
To the extent that the Company reborrows any amounts under the Receivables Securitization Facility which had been previously repaid with any Net Cash Proceeds from any Asset Disposition or Qualifying Disposition or any VAT Cash Proceeds, such action shall be deemed an Asset Disposition for purposes of this Indenture and any proceeds received therefrom shall be deemed Net Cash Proceeds of an Asset Disposition for purposes of this Section 5.18.
More Definitions of Receivables Securitization 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 has the meaning set forth in the defined term “Permitted Receivables Facility”.
Receivables Securitization Facility means the receivables securitization facility established pursuant to the Amended and Restated Master Trust Agreement, dated as of October 25, 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 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).
Receivables Securitization Facility means the account receivable securitization pursuant to the se- 92 cond amended and restated receivables purchase agreement dated as of August 26, 2010 (as amended, 93 supplemented or otherwise modified from time to time, other than to increase the amount of borrowing or 94 other extensions of credit permitted thereunder), among Avnet Receivables Corporation, Avnet as ser- 95 vicer, the financial institutions party thereto as purchasers, and JPMorgan Chase Bank, N.A. (successor 96 by merger to Bank One, NA) as agent for the purchasers. 97 It is understood and agreed that the Lead Arranger will manage and control all aspects of 98 the syndication of the Bridge Facilities in consultation with you, including decisions as to when commit- 99 ments will be accepted and the final allocations of the commitments among the Bridge Lenders. Deci- 100 sions by the Lead Arranger as to the selection of prospective Bridge Lenders and any titles offered to pro- 101 posed Bridge Lenders will require your consent (such consent not to be unreasonably withheld, condi- 102 tioned or delayed) (it being understood and agreed that you have provided your consent with respect to 103 the White List Approved Bridge Lenders). It is understood that no Bridge Lender participating in the 104 Bridge Facilities will receive compensation from you in order to obtain its commitment, except on the 105 terms contained herein. It is also understood and agreed that the amount and distribution of the fees 106 among the Bridge Lenders will be at the sole and absolute discretion of the Lead Arranger (such discre- 107 tion to be exercised in consultation with you).
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 Second Amendment Effective Date and from time to time thereafter to the extent permitted hereunder.
Receivables Securitization Facility the $125,000,000 accounts receivable securitization facility provided for by (a) the Purchase and Sale Agreement, (b) the Receivables Purchase Agreement and (c) all documents, agreements, and instruments relating to either of the foregoing, in each case, as amended, modified, or supplemented through the Closing Date and from time to time thereafter to the extent permitted by subsection 10.1 of the Purchase and Sale Agreement, Section 6.1 of the Receivables Purchase Agreement and Section 10.2.17 hereof.