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 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.

Examples of Receivables Securitization Program in a sentence

• 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.

• 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.

• The carrying amount of accounts receivable at December 31, 2017 and 2016, including $500.3 million of receivables sold under the Receivables Securitization Program in 2016, approximates fair value because of the short-term nature of this item.

• MUFG BANK, LTD., as Administrative Agent Closing List for Amendment of Receivables Securitization Program Closing Date: June 1, 2022 Key to Parties and Counsel: Administrative Agent MUFG Committed Purchaser MUFG Conduit Purchaser Gotham Funding Corporation Group Agent MUFG XX Xxxxx Day, counsel to the Outfront Parties MB Xxxxx Xxxxx LLP, counsel to the Administrative Agent, the Group Agent, and the Purchasers Media LLC Outfront Media LLC, a Delaware limited liability company MUFG MUFG Bank Ltd.

• Upon the closing of a Receivables Securitization Program, each of the Banks hereby authorizes the Administrative Agent to release the Receivables Program Assets and to execute, deliver and perform the Receivables Intercreditor Agreement and agrees to be bound by the terms and provisions thereof.

More Definitions of Receivables Securitization Program

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 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 any arrangement pursuant to which the Issuer or any of its Subsidiaries sells, contributes or otherwise transfers its Accounts Receivable to a Receivables Seller, whether for securitization, factoring or any similar arrangement.

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 or such Subsidiary 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 a securitization program which provides for the Permitted Sellers to sell, contribute and/or xxxxx x Xxxx in their Receivables and Related Security to the SPV, without recourse except for breaches of representations, warranties and covenants and for indemnities typical of securitization transactions which do not constitute credit recourse for uncollectible Receivables.

Receivables Securitization Program means the receivable program of GGC and certain of its Subsidiaries evidence by (i) that certain Amended and Restated Receivables Sale and Servicing Agreement dated as of March 17, 2009 by and among GGC and the other originators party thereto, GGRC Corp., as buyer, and GGC, as servicer, and (ii) that certain Second Amended and Restated Receivables Purchase Agreement dated as of March 17, 2009 by and among GGRC Corp., as seller, General Electric Capital Corporation, as administrative agent, and the financial institutions signatory thereto from time to time, as purchasers. 143

Receivables Securitization Program means any accounts receivables securitization program to which the Borrower or any of its Subsidiaries is a party which provides for the sale by the Borrower or any of its Subsidiaries, without recourse, of its Receivables for a cash consideration of not less than 70% of the unpaid value of such Receivables."