Asset Securitization Sample Clauses
Asset Securitization. The Borrower agrees that the Lender may, for the certain purpose of the assignment of claim, provide information relating to the debts borne by the Borrower to the assignee to whom the claim is assigned (including the assignee who intends to assume the claim) and the appraisal auditor who carries out the assignment of the claim. If the Lender entrusts assets or assigns claims for the purpose of financial asset securitization, the Borrower agrees that the Lender may make a publication instead of making a notice, that is, the Lender does not have to notify the Borrower or send a certificate of publication to the Borrower, provided that the said ▇▇▇▇▇▇ shall still notify the Facility Agent.
Asset Securitization. In connection with the Asset Securitization, (i) deposit, and cause each of its Subsidiaries (where applicable) to deposit, all amounts received in respect of the Securitization Receivables into one or more lockboxes or other bank accounts in which no other funds are deposited and otherwise ensure that all amounts relating to the Securitization Receivables are not commingled with cash or other amounts of the Borrower and its Subsidiaries (other than the Receivables Subsidiary), and (ii) clearly indicate, and cause each of its Subsidiaries (where applicable) to clearly indicate, on its records (including, without limitation, its computer records) which Receivables are Securitization Receivables that have been transferred to the Receivables Subsidiary in connection with the Asset Securitization."
(i) Section 5.02(a)(vi) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
Asset Securitization. The Lenders may, for the specific purpose of the assignment of claim, provide the information relating to all indebtedness owed by the Co-Borrowers to the Lenders in confidential, to the assignee to whom the claim is assigned (including the assignee who intends to be assigned to the claim) and the appraisal auditor who carries out the assignment of the claim.
Asset Securitization. With the sea change in the complex business environment, financial services play a pivotal role in facilitating the smooth flow of the entire financial system. Financial services include :
Asset Securitization. (a) No Vlasic Company shall sell or otherwise dispose of its accounts receivable before the Security Release Date. If any Vlasic Company sells or otherwise disposes of its accounts receivable on or after the Security Release Date (a "PERMITTED ASSET SECURITIZATION"), the Company shall, within three Euro-Dollar Business Days after any net cash proceeds are received from the lenders or purchasers of securities in such Permitted Asset Securitization, ratably reduce the Revolving Credit Commitments by an aggregate amount equal to such net cash proceeds.
(b) Concurrently with each reduction of the Revolving Credit Commitments pursuant to subsection (a), the Company shall prepay Revolving Loans in the manner provided in Section 2.11, to the extent (if any) required so that no Bank has Revolving Loans outstanding in an aggregate principal amount in excess of its Revolving Credit Commitment as so reduced.