Supply Chain Financing means any agreement under which any bank, financial institution or other Person may from time to time provide any financial accommodation to any of the Borrower or any Restricted Subsidiary in connection with trade payables of the Borrower or any Restricted Subsidiary, in each case issued for the benefit of any such bank, financial institution or such other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of the Borrower or any Restricted Subsidiaries, so long as (a) other than in the case of Secured Supply Chain Financing Obligations, such Indebtedness is unsecured and (b) such Indebtedness represents amounts not in excess of those which the Borrower or any of its Restricted Subsidiaries would otherwise have been obligated to pay to its vendor or supplier in respect of the applicable trade payables.
Supply Chain Financing means any supply chain financing arrangement provided to any Borrower by a Person who is a “Lender” under the Bank of America Agreement.
Supply Chain Financing means any agreement to provide to Parent Borrower or any Subsidiary (x) letters of credit, guarantees or other credit support provided in respect of trade payables of Parent Borrower or any Subsidiary, in each case issued for the benefit of any bank, financial institution or other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of Parent Borrower or any Subsidiaries, so long as (i) other than in the case of Secured Supply Chain Financings, such arrangement is unsecured (except as otherwise permitted herein), (ii) the terms of such trade payables shall not have been extended in connection with the Supply Chain Financing and (iii) such Indebtedness represents amounts not in excess of those which Parent Borrower or any of its Subsidiaries would otherwise have been obligated to pay to its vendor or supplier in respect of the applicable trade payables, (y) customary leasing finance arrangements or (z) any arrangement pursuant to which a Supply Chain Bank acquires payables owed by Parent Borrower or any of its Subsidiaries to its vendor or supplier.
Examples of Supply Chain Financing in a sentence
Customer represents and warrants that Customer and any Customer Affiliate that accesses or uses Ariba Supply Chain Financing on behalf of Customer will do so only in the SCF Standard Jurisdictions, is incorporated or organized in the SCF Standard Jurisdictions and is actively engaged in the sale or purchase of goods and/or services in an SCF Standard Jurisdiction.
Customer agrees to not use Ariba Supply Chain Financing in any manner that may cause a violation by SAP or SCF Processor of any (i) U.S. economic sanctions, laws, regulations or orders administered by OFAC or (ii) any other laws, regulations, rules, or orders applicable to any country within the SCF Standard Jurisdictions.
Ariba Supply Chain Financing is provided collectively by Ariba, Inc.
Neither SCF Processor nor SAP is obligated to resolve disputes between Customer and other customers of Ariba Strategic Payables, including SCF Supplier(s), with respect to the transactions for which payments are initiated using Ariba Supply Chain Financing.
Suppliers who are desirous of Supply Chain Financing do so by accessing and using a certain platform owned by the Provider’s Supply Chain Financing vendor, for the purposes of trading Purchase Orders, invoices and/or other relevant receivables, pursuant to, and in accordance with the terms herein and those of the third party Supply Chain Financing vendor, or those of the Invoice Financiers, where applicable.
More Definitions of Supply Chain Financing
Supply Chain Financing means any agreement under which any bank, financial institution or other person may from time to time provide any financial accommodation to the Company or any Restricted Subsidiary in connection with trade payables of the Company or any Restricted Subsidiary, in each case issued for the benefit of any such bank, financial institution or such other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of the Company or any Restricted Subsidiaries.
Supply Chain Financing means any agreement under which any bank, financial institution or other Person may from time to time provide any financial accommodation to any of the Issuer or any Restricted Subsidiary in connection with trade payables of the Issuer or any Restricted Subsidiary, in each case issued for the benefit of any such bank, financial institution or such other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of the Issuer or any Restricted Subsidiaries.
Supply Chain Financing means a program offered by a Customer of any Company and a bank or other financial institution providing financing to such Customer whereby such bank or other financial institution shall purchase from the applicable Company and/or make payment to the applicable Company in respect of certain Receivables owing by such Customer to such Company in advance of the original due date for such Receivables at an agreed-upon discounted rate.
Supply Chain Financing means credit support provided in respect of trade payables of Capri Holdings or any Subsidiary, in each case issued for the benefit of any bank, financial institution or other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of Capri Holdings or any Subsidiaries, so long as (i) other than pursuant to this Agreement and the Collateral Documents, such Indebtedness is unsecured, (ii) the terms of such trade payables shall not have been extended in connection with the Supply Chain Financing and (iii) such Indebtedness represents amounts not in excess of those which Capri Holdings or any of its Subsidiaries would otherwise have been obligated to pay to its vendor or supplier in respect of the applicable trade payables. Capri Holdings or the relevant Subsidiary and the Lender or its Affiliate providing Supply Chain Financing may designate in writing to the Administrative Agent any Supply Chain Financing agreement as an agreement not intended to be included as a Supply Chain Finance Obligations for purposes of this Agreement (such agreement, an “Excluded Supply Chain Financing Agreement”).
Supply Chain Financing means any agreement to provide to Parent or any Subsidiary letters of credit, guarantees or other credit support provided in respect of Trade Payables of Parent or any Subsidiary, in each case issued for the benefit of any bank, financial institution or other Person that has acquired such Trade Payables pursuant to “supply chain” or other similar financing for vendors and suppliers, including tooling vendors, of Parent or any Subsidiaries.
Supply Chain Financing means any agreement to provide to Parent or any Subsidiary letters of credit, guarantees or other credit support provided in respect of trade payables of Parent or any Subsidiary, in each case issued for the benefit of any bank, financial institution or other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers, including tooling vendors, of Parent or any Subsidiaries, so long as (i) other than in the case of Secured Supply Chain Obligations, such Indebtedness is unsecured, (ii) the terms of such trade payables shall not have been extended in connection with the Supply Chain Financing and (iii) such Indebtedness represents amounts not in excess of those which Parent or any of its Subsidiaries would otherwise have been obligated to pay to its vendor or supplier in respect of the applicable trade payables.
Supply Chain Financing means any agreement to provide to Holdings or any Subsidiary (x) letters of credit, guarantees or other credit support provided in respect of trade payables of Holdings or any Subsidiary, in each case issued for the benefit of any bank, financial institution or other person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of Holdings or any Subsidiaries, so long as (i) other than in the case of Secured Supply Chain Financings, such arrangement is unsecured (except as otherwise permitted herein), (ii) the terms of such trade payables shall not have been extended in connection with the Supply Chain Financing and (iii) such Indebtedness represents amounts not in excess of those which Holdings or any of its Subsidiaries would otherwise have been obligated to pay to its vendor or supplier in respect of the applicable trade payables, (y) customary leasing finance arrangements or (z) any arrangement pursuant to which a Supply Chain Bank acquires payables owed by Holdings or any of its Subsidiaries to its vendor or supplier.