Examples of Qualified Securitization Transaction in a sentence
Notwithstanding anything to the contrary, for the avoidance of doubt, the grant of a security interest in any accounts receivable of the Company or any of its Restricted Subsidiaries (other than a Securitization Entity) to secure Indebtedness or other obligations under the Senior Credit Agreements shall not be deemed a Qualified Securitization Transaction.
Notwithstanding anything to the contrary, for the avoidance of doubt, the grant of a security interest in any accounts receivable of Parent or any of its Restricted Subsidiaries (other than a Securitization Entity) to secure Indebtedness or other obligations under the Senior Credit Agreements shall not be deemed a Qualified Securitization Transaction.
The provisions of this Section 4.03 shall not apply to (i) any Qualified Securitization Transaction, (ii) any employment agreement entered into by the Company or any of its Subsidiaries in the ordinary course of business, (iii) transactions permitted by the provisions of Section 4.06, (iv) the payment of reasonable fees to directors of the Company or its Subsidiaries and (v) Investments in employees in the ordinary course of business.
For the avoidance of doubt, Consolidated Total Indebtedness shall exclude Indebtedness in respect of any Receivables Facility or any Qualified Securitization Transaction.
Notwithstanding anything in this Indenture to the contrary, the consummation of any Qualified Securitization Transaction shall not be deemed to be the Incurrence of Indebtedness by the Company or by any Subsidiary of the Company.