Securitization Program definition

Securitization Program means, with respect to any Person, any financing or sales transaction or series of financing or sales transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may, directly or indirectly, sell, convey, or otherwise transfer, or grant a security interest in, accounts, payments, or receivables (whether such accounts, payments, or receivables are then existing or arising in the future), collections and other proceeds arising therefrom, and any securitization related property to a special purpose Subsidiary or Affiliate of such Person.

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Securitization Program means, with respect to any Person, any financing or sales transaction or series of financing or sales transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may, directly or indirectly, sell, convey, or otherwise transfer, or grant a security interest in Receivables, accounts, payments, or receivables (whether such accounts, payments, or receivables are then existing or arising in the future), collections and other proceeds arising therefrom, any rights to future lease payments or residuals or similar rights to payment to, or any securitization related property to a special purpose Subsidiary or Affiliate of such Person.

Securitization Program means, with respect to any Person, any financing or sales transaction or series of financing or sales transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may, directly or indirectly, sell, convey, or otherwise transfer, or grant a security interest in Receivables and Related Assets, accounts, payments, or receivables (whether such accounts, payments, or receivables are then existing or arising in the future), collections and other proceeds arising therefrom, any rights to future lease payments or residuals or similar rights to payment to, or any securitization related property to a special purpose Subsidiary or Affiliate of such Person.

Examples of Securitization Program in a sentence

The Borrower shall not permit the Receivables Subsidiary to incur any Debt or other liabilities other than in connection with the Receivables Securitization Program.
The Accounting Principles and the Sample Pro Forma Closing Net Asset Value Statement attached as Exhibit 5.02 have been prepared on a pro forma basis assuming that the Securitization Program did not exist.
Furthermore, all of the provisions of the Interim Order, related to the refinancing in full or defeasance of Indebtedness outstanding under the Receivables Securitization Program are hereby incorporated by reference and the completion of all aspects of such refinancing or defeasance is hereby authorized.
In addition, while the refinancing in full or defeasance of Indebtedness outstanding under the Receivables Securitization Program has been effectuated in accordance with the provisions of the Interim Order, those provisions are hereby incorporated by reference and the completion of all aspects of such refinancing or defeasance are contemplated hereby.
Section 8.1 Consent, (a) In accordance with Section 10.8(b)(iii) of the Credit Agreement, as of the Amendment Effective Date (as defined herein), the Lenders party hereto hereby consent to the release of any Lien held by the Administrative Agent for the benefit of the Lenders and the Issuers solely against the Receivables Assets (as defined in Section 2.1 of this Amendment No. 4 above) in connection with a Securitization Program (as defined in Section 2.1 of this Amendment No. 4 above).

More Definitions of Securitization Program

Securitization Program means, with respect to any Person, an agreement or other arrangement or program providing for the sale, transfer or conveyance to a Securitization SPV of Receivables Assets in exchange for the advance of funds to such Person and/or one or more of its Subsidiaries pursuant to documentation (including customary performance guaranties) reasonably acceptable to the Administrative Agent (including, without limitation, an intercreditor agreement).

Securitization Program means the program pursuant to which accounts receivable of ▇▇▇▇▇▇▇ Polymer are factored to a third party lender.

Securitization Program means a transaction or series of transactions providing for the sale, securitization or other asset-backed financing of accounts receivable of any of the Restricted Credit Parties;

Securitization Program means the Series 2006-1 Certificates issued by Target Credit Card Master Trust and related documentation.

Securitization Program means the transactions and arrangements under which a Pride Entity transferred ownership or other proprietary interests in specified financial and other assets to a Securitization Counterparty, together with any related funding transaction under which an SPV funded the acquisition of such financial or other assets, in each case as identified and described in the Tenth Report.

Securitization Program means the receivables securitization program conducted by the Borrower, the Securitization Program Subsidiaries and any other special purpose receivables Subsidiary that may be formed or become a Subsidiary in the future pursuant to the Securitization Program Documents as in effect from time to time in accordance with the terms hereof.

Securitization Program means the financing transactions set forth in the Existing Receivables Purchase Documents or the 1997 Receivables Purchase Documents.

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