Securitization Programs definition

Securitization Programs means any existing or future programs entered into by the Issuer or a Restricted Subsidiary involving the limited recourse sale of trade accounts receivables.
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Securitization Programs means (i) the Eureka Program and (ii) the Norway Securitization Program.
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Securitization Programs means any existing or future programs entered into by the Issuer or a Restricted Subsidiary
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Examples of Securitization Programs in a sentence

  • The proceeds of the Loans will be used for (i) working capital, Letters of Credit and Capital Expenditures; (ii) other general corporate purposes of the Loan Parties (including intercompany loans to the extent permitted by this Agreement); (iii) for the refinancing in full of the Indebtedness outstanding under the Receivables Securitization Programs; (iv) payment of any related transaction costs, fees and expenses; and (v) the costs of administration of the Cases.

  • The Administrative Agent shall have received the most recent reports prepared by the Loan Parties in respect of the Receivables Securitization Programs satisfactory in form and substance to the Administrative Agent in its exclusive discretion.

  • The Company and a special-purpose Subsidiary shall at all times be a party to the Existing Receivables Securitization Program, or one or more other Permitted Receivables Securitization Programs, in each case having aggregate commitments of at least $300,000,000.

  • Provided that no Default or Event of Default has occurred and is continuing, or shall occur after giving effect thereto, nothing in this Section 7.05 shall prohibit the creation or acquisition of Subsidiaries by the Borrower in connection with Securitization Programs.

  • The Borrower has made available for inspection by the Agent a true and complete copy of each agreement governing the terms of the Securitization Programs.

  • Borrower shall make available for inspection by the Agent or the Lenders any agreements with Securitization Programs and any reports or certificates from any Securitization Programs.


More Definitions of Securitization Programs

Securitization Programs any financings pursuant to which Securitization Subsidiaries created or acquired by the Borrower acquire assets from the Borrower for which the Borrower acts as a servicer or manager of such assets, which financings are Non-Recourse to the Borrower (other than in its capacity as servicer of the leases owned by such Securitization Subsidiaries).
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Securitization Programs means programs entered into by Saputo or any of its Subsidiaries, pursuant to which Saputo or any of its Subsidiaries is transferring or pledging its accounts receivables to a trust, partnership, corporation or other Person, directly or indirectly, which transfer or pledge is funded by such trust, partnership, corporation or other Person in whole or in part by borrowings or the issuance of instruments or securities that are paid principally from the cash flow derived from such accounts receivables, in each case on customary terms for fair market value consideration;
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Related to Securitization Programs

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Receivables Program means, with respect to any Person, any accounts receivable securitization program pursuant to which such Person pledges, sells or otherwise transfers or encumbers its accounts receivable, including a trust, limited liability company, special purpose entity or other similar entity.

  • Securitization Property means the property described in section 10j.

  • Securitization Assets means the accounts receivable, royalty or other revenue streams and other rights to payment subject to a Qualified Securitization Financing and the proceeds thereof.