Securitization Arrangements means, collectively, the transactions and agreements, relating to and including the (i) Management Agreement, dated as of November 18, 2005 (as amended, joined or otherwise supplemented from time to time), by and among the Borrowers (as defined herein) named therein, and (ii) Second Amended and Restated Loan and Security Agreement, dated as of October 15, 2014 (as amended or otherwise supplemented from time to time), among the Borrowers (as defined herein) named therein and any additional borrower that may become a party thereto and Midland Loan Services, as servicer on behalf of Deutsche Bank Trust Company Americas, as trustee.
Securitization Arrangements has the meaning assigned to such term in the ABL Credit Agreement as amended, restated, amended and restated, modified or otherwise supplemented from time to time.
Securitization Arrangements means, collectively, such Third-Party Vendor Financing Programs or Qualified Receivables Transactions entered into from time to time between, inter alios, a Loan Party and/or any of its Subsidiaries (in each case, other than a Finance SPE) and a Securitization Provider, pursuant to which Securitization Proceeds are (a) remitted by account debtors or collected by such Loan Party or its Subsidiary into Co-Mingled Bank Accounts and (b) thereafter remitted by such Loan Party or its Subsidiary into a collection account maintained by, for the benefit of, or in the name of, a Finance SPE; provided, prior to establishing any Securitization Arrangement, the Company shall provide notice to the Administrative Agent in respect of such Securitization Arrangement and, the applicable representatives in respect of such Securitization Arrangements shall join and become subject to the Securitization Intercreditor Agreement.
Examples of Securitization Arrangements in a sentence
Securitization Arrangements Refer to Note 6 for a discussion of limited recourse provisions related to the company’s receivable securitization arrangements.
Receivable Securitization Arrangements Where economical, the company has entered into agreements with various financial institutions whereby it periodically securitizes an undivided interest in certain pools of receivables.
Amend, supplement or otherwise modify (pursuant to a waiver or otherwise) its certificate of incorporation, the 2005 Securitization Arrangements or the 2006 Securitization Arrangements, including the CMBS Loan Agreement and the CMBS Management Agreement, in any manner reasonably determined by the Administrative Agent to be materially adverse to the Lenders.
Amend, supplement or otherwise modify (pursuant to a waiver or otherwise) its certificate of incorporation, the 2005 Securitization Arrangements, the 2006 Securitization Arrangements or the Additional Securitization Arrangements, if any, including the CMBS Loan Agreement and the CMBS Management Agreement, in any manner reasonably determined by the Administrative Agent to be materially adverse to the Lenders.
Amend its certificate of incorporation, the New Securitization Arrangements or the Second Securitization Arrangements in any manner reasonably determined by the Administrative Agent to be materially adverse to the Lenders.
More Definitions of Securitization Arrangements
Securitization Arrangements means, collectively, such Third-Party Vendor Financing Programs or Qualified Receivables Transactions entered into from time to time, between, inter alios, a Credit Party and/or any of its Subsidiaries (in each case, other than a Finance SPE) and a Securitization Provider, pursuant to which Securitization Proceeds are (a) remitted by account debtors or collected by such Credit Party or its Subsidiary into Co-Mingled Bank Accounts and (b) thereafter remitted by such Credit Party or its Subsidiary into a collection account maintained by, for the benefit of, or in the name of, a Finance SPE.
Securitization Arrangements means, collectively, the transactions and agreements, relating to and including the (i) Management Agreement, dated as of November 18, 2005 (as amended, joined or otherwise supplemented from time to time), by and among SBA Properties, Inc., SBA Network Management, Inc., SBA Senior Finance, LLC, SBA Properties, LLC, SBA Sites, LLC, SBA Structures, LLC, SBA Infrastructure, LLC, SBA Monarch Towers III, LLC, SBA 2012 TC Assets PR, LLC, SBA 2012 TC Assets, LLC, SBA Towers IV, LLC, SBA Monarch Towers I, LLC, SBA Towers USVI, Inc., SBA GC Towers, LLC, SBA Towers VII, LLC, SBA Towers V, LLC, SBA Towers VI, LLC and any additional borrower that may become a party thereto, (ii) Second Amended and Restated Loan and Security Agreement, dated as of October 15, 2014 (as amended or otherwise supplemented from time to time), among SBA Properties, LLC, SBA Sites, LLC, SBA Structures, LLC, SBA Infrastructure, LLC, SBA Monarch Towers III, LLC, SBA 2012 TC Assets PR, LLC, SBA 2012 TC Assets, LLC, SBA Towers IV, LLC, SBA Monarch Towers I, LLC, SBA Towers USVI, Inc., SBA GC Towers, LLC, SBA Towers VII, LLC, SBA Towers V, LLC, SBA Towers VI, LLC and any additional borrower that may become a party thereto and Midland Loan Services, as servicer on behalf of Deutsche Bank Trust Company Americas, as trustee, and (iii) Third Loan and Security Agreement Supplement and Amendment, dated as of April 17, 2017 (as amended or otherwise supplemented from time to time), among SBA Properties, LLC, SBA Sites, LLC, SBA Structures, LLC, SBA Infrastructure, LLC, SBA Monarch Towers III, LLC, SBA 2012 TC Assets PR, LLC, SBA 2012 TC Assets, LLC, SBA Towers IV, LLC, SBA Monarch Towers I, LLC, SBA Towers USVI, Inc., SBA GC Towers, LLC, SBA Towers VII, LLC, SBA Towers V, LLC, SBA Towers VI, LLC and any additional borrower that may become a party thereto and Midland Loan Services, as servicer on behalf of Deutsche Bank Trust Company Americas, as trustee.
Securitization Arrangements means, collectively, (i) the transactions and agreements, including the CMBS Management Agreement and the CMBS Loan Agreement, described in the Offering Memorandum dated November 4, 2005 issued by SBA CMBS Trust in respect of the CMBS Series 2005-1, and all transactions related thereto and (ii) the transactions and agreements, including the CMBS Management Agreement, described in the Offering Memorandum dated October 30, 2006 issued by SBA CMBS Trust in respect of the CMBS Series 2006-1, and all transactions related thereto.
Securitization Arrangements the collective reference to (i) the Existing Securitization Arrangements; and (ii) the transactions and agreements pursuant to which certain Subsidiaries of the Borrower owning Towers are converted to special purpose entities and released from all of their obligations under the Loan Documents or Towers currently owned or subsequently acquired or built by the Borrower or any of its Subsidiaries are sold or otherwise transferred to special purpose entities, and pursuant to which certificates or evidences of Indebtedness are issued to third party investors backed by the cash flows and asset value of such Towers, and all transactions related thereto, in each case in a manner reasonably satisfactory to the Arrangers.
Securitization Arrangements means, collectively, the transactions and agreements, relating to and including the (i) Management Agreement, dated as of November 18, 2005, by and among SBA Properties, Inc., SBA Network Management, Inc. and SBA Senior Finance, Inc., and the Joinder and Amendment to Management Agreement, dated November 6, 2006, thereto, (ii) the Amended and Restated Loan and Security Agreement, dated as of November 18, 2005, by and between SBA Properties, Inc., additional borrower or borrowers that may become a party thereto, and SBA CMBS 1 Depositor LLC., (iii) the Third Loan and Security Agreement Supplement and Amendment, dated as of April 16, 2010, by and among SBA Properties, Inc., SBA Sites, Inc. and SBA Structures, Inc., as Borrowers, and Midland Loan Services, Inc., as Servicer on behalf of Deutsche Bank Trust Company Americas, as Trustee, (iv) the Fourth Loan and Security Agreement Supplement and Amendment, dated as of April 16, 2010, by and among SBA Properties, Inc., SBA Sites, Inc. and SBA Structures, Inc. as Borrowers and Midland Loan Services, Inc. as Servicer on behalf of Deutsche Bank Trust Company Americas, as Trustee, and (v) the Fifth Loan and Security Agreement Supplement and Amendment, dated as of August 9, 2012 among SBA Properties, Inc., SBA Sites, Inc. and SBA Structures, Inc., as Borrowers, the Additional Borrowers named therein, and Midland Loan Services, Inc., as Servicer on behalf of Deutsche Bank Trust Company Americas, as Trustee.
Securitization Arrangements means, collectively, the transactions and agreements, relating to and including the (i) Management Agreement, dated as of November 18, 2005 (as amended, joined or otherwise supplemented from time to time), by and among SBA Properties, Inc., SBA Network Management, Inc. and SBA Senior Finance, LLC, SBA Properties, LLC, SBA Sites, LLC, SBA Structures, LLC, SBA Infrastructure, LLC, SBA Monarch Towers III, LLC, SBA 2012 TC Assets PR, LLC, SBA 2012 TC Assets, LLC, SBA Towers IV, LLC, SBA Monarch Towers I, LLC, SBA Towers USVI, Inc., SBA GC Towers, LLC, SBA Towers VII, LLC, SBA Towers V, LLC, SBA Towers VI, LLC and any additional borrower that may become a party thereto and (ii) Second Amended and Restated Loan and Security Agreement, dated as of October 15, 2014 (as amended or otherwise supplemented from time to time), among SBA Properties, LLC, SBA Sites, LLC, SBA Structures, LLC, SBA Infrastructure, LLC, SBA Monarch Towers III, LLC, SBA 2012 TC Assets PR, LLC, SBA 2012 TC Assets, LLC, SBA Towers IV, LLC, SBA Monarch Towers I, LLC, SBA Towers USVI, Inc., SBA GC Towers, LLC, SBA Towers VII, LLC, SBA Towers V, LLC, SBA Towers VI, LLC and any additional borrower that may become a party thereto and Midland Loan Services, Inc., as servicer on behalf of Deutsche Bank Trust Company Americas, as trustee.
Securitization Arrangements means, collectively, the transactions and agreements, relating to and including the (i) Management Agreement, dated as of November 18, 2005, by and among SBA Properties, Inc., SBA Network Management, Inc. and SBA Senior Finance, Inc., and the Joinder and Amendment to Management Agreement, dated November 6, 2006, thereto, (ii) the Amended and Restated Loan and Security Agreement, dated as of November 18, 2005, by and between SBA Properties, Inc., additional borrower or borrowers that may become a party thereto, and SBA CMBS 1 Depositor LLC., (iii) the Third Loan and Security Agreement Supplement and Amendment, dated as of April 16, 2010, by and among SBA Properties, Inc., SBA Sites, Inc. and SBA Structures, Inc., as Borrowers, and Midland Loan Services, Inc., as Servicer on behalf of Deutsche Bank Trust Company Americas, as Trustee and (iv) the Fourth Loan and Security Agreement Supplement and Amendment, dated as of April 16, 2010, by and among SBA Properties, Inc., SBA Sites, Inc. and SBA Structures, Inc., as Borrowers, and Midland Loan Services, Inc., as Servicer on behalf of Deutsche Bank Trust Company Americas, as Trustee.