Factoring Program means any agreements or facilities entered into by the Borrower or any of its Subsidiaries for the purpose of factoring its receivables or payables for cash distribution.
Factoring Program means any agreements or facilities entered into by the Company or any of its Subsidiaries for the purpose of factoring its receivables or payables for cash distribution.
Factoring Program means a program established by any Person (including a Customer) for the limited recourse sale of Customer Accounts to a Factor.
Examples of Factoring Program in a sentence
Enter into any transaction of any kind with any Affiliate of the Borrower, other than (a) the Factoring Program, (b) a Permitted Securitization Transaction or (c) other transactions for compensation and upon fair and reasonable terms with Affiliates that are otherwise permitted hereunder and upon terms no less favorable to the Borrower or Subsidiary than would be obtained in a comparable arm's-length transaction with a Person other than an Affiliate.
O’Reilly agrees to use commercially reasonable efforts to again participate in a Factoring Program with respect to all of its payables related to this Agreement.
In the event the Factoring Program is reinstated, [*] would no longer apply.
Schedule 4.01(j) Bausch & Lomb Incorporated Existing Liens (000's) Entity Debt Lien Amount Bausch & Lomb Incorporated Skelligs (Factoring Program) US Accounts Receivable $75,000 Schedule 4.01(n) Bausch & Lomb Incorporated Material Subsidiaries Percentage Consolidated Consolidated Subsidiary Assets (a) Sales (b) Bausch & Lomb Ireland 22.78% 7.96% B&L Surgical Inc.
MPA agrees to [*] day payment terms when the Factoring Program is reinstated at a mutually agreed [*] = CONFIDENTIAL TREATMENT REQUESTED.
More Definitions of Factoring Program
Factoring Program means the program established by any Person (including a Customer) for suppliers to a Customer for the limited recourse sale by such suppliers of such Customer’s Accounts at the option of such suppliers, to a Factor.
Factoring Program means the sale, pledge or other transfer of one or more individual accounts receivable by the Borrower or any Subsidiary through an accounts receivable factoring arrangement.
Factoring Program means a program established by any Person for the sale of Permitted Factoring Property to a Factoring Agent.
Factoring Program means the program established by any Person (including a Customer) for suppliers to a Customer for the limited recourse sale by such suppliers of such Customer’s Accounts at the option of such suppliers, to a Factor. “Farm Credit System Institution” means any farm credit bank, any Federal land bank association, any production credit association, the banks for cooperatives and such other institutions as may be a part of the Farm Credit System and chartered by and subject to regulation by the Farm Credit Administration. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code. “Federal Funds Effective Rate” means, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it; provided that the “Federal Funds Effective Rate” shall in no event be less than zero.
Factoring Program collectively means: (i) the purchase of accounts receivable from time to time by KFR from the Borrower and/or certain of its Subsidiaries pursuant to various Receivables Purchase and Sale Agreements dated as of January 31, 2000 or subsequent thereto, as amended or modified from time to time, (ii) the performance of collection and other services by Kellwood Shared Services Inc., for the benefit of KFR pursuant to various Receivables Collection and Administrative Services Agreements dated as of January 31, 2000, or subsequent thereto, as amended or modified from time to time and (iii) each Third Party Factoring Program.
Factoring Program means the program established by any Person (including a Customer) for suppliers to a Customer for the limited recourse sale by such suppliers of such Customer’s Accounts at the option of such suppliers, to a Factor. “Farm Credit System Institution” means any farm credit bank, any Federal land bank association, any production credit association, the banks for cooperatives and such other institutions as may be a part of the Farm Credit System and chartered by and subject to regulation by the Farm Credit Administration. “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreement entered into pursuant to Section 1471(b)(1) of the Code. “Federal Funds Effective Rate” means, for any day, the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day for such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it; provided that the “Federal Funds Effective Rate” shall in no event be less than zero. “Fee Letter” means that certain Fee Letter dated as of July 12, 2021, from CoBank to the Company. “FEMA” means the Federal Emergency Management Agency. “Financial Covenant Acquisition” means a Permitted Acquisition for which the total consideration paid or payable (including, without limitation, any earn-out obligations and all Indebtedness assumed) is equal to or greater than $500,000,000. “Financial Officer” means the chief financial officer, principal accounting officer, treasurer, vice president and assistant to the treasurer and chief financial officer, or controller (or other officer having similar duties) of a Borrower. “First-Tier Foreign DRE” means any Foreign DRE that is owned directly, or indirectly through one or more Foreign DREs, by the Company or a Domestic Subsidiary. “First-Tier Foreign Subsidiary” means any Foreign Subsidiary owned directly by one or more of the Company or its Domestic Subsidiaries, or the First-Tier Foreign DREs. 20
Factoring Program collectively means: (i) the purchase of ----------------- accounts receivable from time to time by KFR from the Borrower and/or certain of its Subsidiaries pursuant to various Receivables Purchase and Sale Agreements dated as of January 31, 2000, as amended or modified from time to time, and (ii) the performance of collection and other services by Kellwood Shared Services Inc., for the benefit of KFR pursuant to various Receivables Collection and Administrative Services Agreements dated as of January 31, 2000, as amended or modified from time to time.