Securitization Purchase Limit definition

Securitization Purchase Limit means on any date the aggregate commitment of the Securitization Lenders under the Receivables Securitization Agreements, as the same may be increased or decreased from time to time under the Receivables Securitization Agreements. As of the Second Restatement Date, the Securitization Purchase Limit under the Receivables Securitization Agreements is $550,000,000.
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Securitization Purchase Limit means on any date the aggregate commitment of the Securitization Lenders under the Receivables Securitization Agreements, as the same may be increased or decreased from time to time under the Receivables Securitization Agreements. As of the Effective Date, the Securitization Purchase Limit under the Receivables Securitization Agreements is $450,000,000.
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Securitization Purchase Limit means on any date the aggregate commitment of the Securitization Lenders under the Receivables Securitization Agreements, as the same may be increased or decreased from time to time under the Receivables Securitization Agreements.
Sample 1Sample 2

Examples of Securitization Purchase Limit in a sentence

  • As of the Fourth Restatement Date, the Securitization Purchase Limit under the Receivables Securitization Agreements is $1,025,000,000.“Senior Notes” means, collectively, the 2021 Senior Notes, the 2024 Senior Notes, the 2025 Senior Notes and the 2028 Senior Notes.

Related to Securitization Purchase Limit

  • Qualified Securitization Financing means any Securitization Facility (and any guarantee of such Securitization Facility), that meets the following conditions: (i) the Borrower shall have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the Restricted Subsidiaries; (ii) all sales of Securitization Assets and related assets by the Borrower or any Restricted Subsidiary to the Securitization Subsidiary or any other Person are made at fair market value (as determined in good faith by the Borrower); (iii) the financing terms, covenants, termination events and other provisions thereof shall be on market terms (as determined in good faith by the Borrower) and may include Standard Securitization Undertakings; and (iv) the obligations under such Securitization Facility are nonrecourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Borrower or any Restricted Subsidiary (other than a Securitization Subsidiary).