Trade Receivables Facility definition

Trade Receivables Facility means the arrangements entered into or that may be entered into by the Company or one or more of its Subsidiaries pursuant to which the Company or one or more of its Subsidiaries may either transfer to any other Person or grant a security interest in any trade or other receivables (whether now existing or arising in the future) and any assets related to such trade or other receivables including, without limitation, all collateral securing such trade or other receivables and shall include any contributions of trade or other receivables and related assets in exchange for the capital stock of the Receivables Subsidiary and other capital contributions of trade or other receivables and related assets to the Receivables Subsidiary.
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Trade Receivables Facility has the meaning set forth in Section 4.01.
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Trade Receivables Facility means (i) Company's off-balance sheet -------------------------- receivables purchase facility providing for the purchase of up to $120,000,000 of receivables from the Company and its Subsidiaries, as such Trade Receivables Facility is in effect as of the Closing Date and (ii) any other off-balance sheet receivables purchase facility, which facility has been consented to in writing by Requisite Lenders, such consent not to be unreasonably withheld, in each case as they may hereafter be amended, supplemented or otherwise modified from time to time to the extent permitted under this Agreement.
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Examples of Trade Receivables Facility in a sentence

  • Company agrees to deliver to Administrative Agent upon execution thereof copies of all program documents (other than any fee or expense letters) for the Trade Receivables Facility and any amendments, modifications, waivers, supplements or changes thereto (without regard to whether the prior written consent of Requisite Lenders is required thereto).

  • Company will not, and will not permit any of its Consolidated Subsidiaries to, directly or indirectly, sell with recourse, or discount or otherwise sell for less than the face value thereof, notes, accounts receivable, contracts, leases or other receivables, other than pursuant to the Trade Receivables Facility.

  • The proceeds of the Loans and of the Trade Receivables Facility will be used only to finance the working capital needs of the Borrower and its Subsidiaries in the ordinary course of business and to refinance indebtedness of the Borrower outstanding on the Effective Date and maturing prior to the Maturity Date and to refinance commercial paper of the Borrower maturing prior to the Maturity Date.