Receivables SPV definition

Receivables SPV means any one or more direct or indirect wholly-owned Subsidiaries of the Company formed for the sole purpose of engaging in Permitted Receivables Transactions, and which engage in no business activities other than those related to Permitted Receivables Transactions.

Receivables SPV means a special purpose vehicle formed by a Credit Party for the exclusive purpose of effecting a Permitted A/R Financing, which entity has no assets other than those necessary to effect such Permitted A/R Financing.

Receivables SPV means any one or more direct or indirect wholly-owned Subsidiaries of the Borrower formed for the sole purpose of engaging in Permitted Receivables Transactions, and which engage in no business activities other than those related to Permitted Receivables Transactions.

Examples of Receivables SPV in a sentence

• A fee was charged for participation in the ASSP, and receivables were sold into the program at a dis- count.395 While all domestic automotive manufacturers were eligi- ble for the program, only Chrysler and GM participated.Two special-purpose vehicles (SPVs), GM Supplier Receivables LLC and Chrysler Receivables SPV LLC, were created to admin- ister the program for GM and Chrysler, respectively.

• All liabilities of the Borrowers and any Receivables SPV determined on a consolidated basis in accordance with GAAP and classified as such on the consolidated balance sheet of the Borrowers.

• During the quarterly period, Chrysler Receivables SPV LLC made repayments of $123 million under the ASSP, and as of March 31, 2010 had no loans outstanding under the program.

• The Receivables SPV hereby agrees that the Collection Agent may provide such records and other data as may be held by the Collection Agent, for the benefit of the Receivables SPV, and the Receivables SPV and the Company consents to the release of information regarding the Receivables SPV and the Company pursuant to this Section 5.

• In the event that the Receivables SPV obtains possession of any collections of Issuer Property other than as contemplated by this Section 2, the Company (on behalf of the Receivables SPV) shall notify the Bond Trustee of such fact, and the Company shall promptly deliver them to the Bond Trustee upon request.

More Definitions of Receivables SPV

Receivables SPV a special purpose company established by the Company or any of its Subsidiaries and so existing solely for purposes of a Receivables Facility.

Receivables SPV any one or more direct or indirect wholly-owned Subsidiary of the Parent formed for the sole purpose of engaging in Permitted Receivables Transactions, and which engages in no business activities other than those related to Permitted Receivables Transactions.

Receivables SPV means U.S. Steel Receivables LLC, a Delaware limited liability company and a wholly-owned Subsidiary of the Borrower.

Receivables SPV means any Person who is not a Subsidiary of the Borrower that is a special purpose entity, variable interest entity or other bankruptcy remote entity created for the purpose of facilitating a receivables program.

Receivables SPV means a special purpose vehicle formed by the Company or a Subsidiary Guarantor for the exclusive purpose of effecting a Permitted A/R Financing, which entity has no assets other than those necessary to effect such Permitted A/R Financing.

Receivables SPV means U.S. Steel Receivables LLC.

Receivables SPV. Xxxxxx Funding Corporation and any other special purpose company established by the Company or any of its Subsidiaries and so existing solely for purposes of a Receivables Facility.