Receivables Securitization Program definition
Receivables Securitization Program means any transaction or series of transactions that may be entered into by the Borrower and its Subsidiaries pursuant to which the Borrower and/or its Subsidiaries may sell, convey or otherwise transfer to the Receivables Subsidiary and (in the case of a transfer by the Receivables Subsidiary) any other Person, or may grant a security interest in, any Receivables Program Assets (whether now existing or arising in the future); provided that:
Receivables Securitization Program has the meaning set forth in Section 6.02(e).
Receivables Securitization Program means the Securitization Facility entered into by the Company in respect of its Receivable Assets on March 10, 2021 as amended and restated on or about the Issue Date, as further amended, supplemented, modified, extended, renewed, restated or refunded from time to time.
Examples of Receivables Securitization Program in a sentence
The Borrower shall not permit the Receivables Subsidiary to incur any Debt or other liabilities other than in connection with the Receivables Securitization Program.
In addition, while the refinancing in full or defeasance of Indebtedness outstanding under the Receivables Securitization Program has been effectuated in accordance with the provisions of the Interim Order, those provisions are hereby incorporated by reference and the completion of all aspects of such refinancing or defeasance are contemplated hereby.
Furthermore, all of the provisions of the Interim Order, related to the refinancing in full or defeasance of Indebtedness outstanding under the Receivables Securitization Program are hereby incorporated by reference and the completion of all aspects of such refinancing or defeasance is hereby authorized.
Receivables Securitization Program Preliminary Summary of Principal Terms and Conditions (Not a Commitment - For discussion purposes only) Program: Revolving transfer of an undivided interest in receivables (the "Receivables") arising under certain contracts (the "Contracts") between Prodigy Communications Corp.
The foregoing shall not prohibit the sale of all or substantially all of the Permitted Sellers' Receivables, or any undivided interest therein, pursuant to the Receivables Securitization Program.
More Definitions of Receivables Securitization Program
Receivables Securitization Program means any receivables securitization program to which the Company is a party which provides for the sale by the Company, without recourse, of its Receivables for a cash consideration of not less than 70% of the unpaid value of such Receivables, and including in any event the receivables securitization program pursuant to which the Company will sell to Funding Corp. all or substantially all of the Company's receivables and Funding Corp. will in turn sell an undivided interest in all of such Receivables to PAR Capital."
Receivables Securitization Program means any receivables securitization program to which the Company is a party which provides for the sale by the Company, without recourse, of its Receivables for a cash consideration of not less than 70% of the unpaid value of such Receivables, and including in any event the receivables securitization program pursuant to which the Company will sell to Funding Corp. all or substantially all of the Company's receivables and Funding Corp. will in turn sell an undivided interest in all of such Receivables to PAR Capital.
Receivables Securitization Program means any receivables securitization program to which the Company or a Subsidiary is a party which provides for the sale by the Company or its Subsidiaries, without recourse, of its Receivables for cash consideration, and including in any event the receivables securitization program pursuant to which the Company will sell to Funding Corp. all or substantially all of the Company’s receivables and Funding Corp. will in turn sell an undivided interest in all of such Receivables to Fairway Finance Company, LLC and its successors and assigns, and any amendments, supplements, extensions, refinancings, renewals, replacements and refundings thereof.
Receivables Securitization Program means the Securitization Facility entered into by the Company in respect of its Receivable Assets on February 19, 2020 as amended and restated on or about the Issue Date, as further amended, supplemented, modified, extended, renewed, restated or refunded from time to time.
Receivables Securitization Program means any receivables securitization program to which Borrower or a Subsidiary is a party which provides for the sale by Borrower or such Subsidiary, without recourse, of their receivables for a cash consideration, and including in any event the receivables securitization program pursuant to which Borrower will sell to Pilgrim’s Pride Funding Corporation all or substantially all of Borrower’s receivables and Pilgrim’s Pride Funding Corporation will in turn sell an undivided interest in all of such receivables to Fairway Finance Company, LLC, and its successors or assigns.
Receivables Securitization Program means the Securitization Facility entered into in respect of our Receivable Assets under the Receivables Financing Agreement, dated as of February 19, 2020, by and among ▇▇▇▇▇ & Minor Medical, Inc., as the initial servicer, O&M Funding LLC, as borrower, the lenders from time to time party thereto, PNC Bank, National Association, as administrative agent, and PNC Capital Markets LLC, as structuring agent, and as amended and restated by that certain Receivables Purchase Agreement, dated as of October 18, 2024, by and among ▇▇▇▇▇ & Minor Medical, LLC, as the initial servicer, O&M Funding LLC, as seller, the purchasers from time to time party thereto, PNC Bank, National Association, as administrative agent, and PNC Capital Markets LLC, as structuring agent, and as further amended, supplemented, modified, extended, renewed, restated or refunded from time to time. “refinance” means refinance, refund, replace, renew, repay, modify, restate, defer, substitute, supplement, reissue, resell, extend or increase (including pursuant to any defeasance or discharge mechanism) and the terms “refinances,” “refinanced” and “refinancing” as used for any purpose in this Indenture shall have a correlative meaning.
Receivables Securitization Program the receivables securitization program established pursuant to the Receivables Purchase Agreement dated June 30, 1999, among the SPV, Imperial Distributing, Inc., the Borrower, Fairway Finance Corporation and BMO ▇▇▇▇▇▇▇ ▇▇▇▇▇ Corp., as heretofore supplemented and amended, which provides for the sale by the Permitted Sellers, without recourse, of their Receivables for a cash consideration of not less than 70% of the unpaid value of such Receivables.