Common use of Receivables Facility Clause in Contracts

Receivables Facility. The facility established by this Agreement and the other Transaction Documents constitutes a “Receivables Facility” and the Buyer constitutes a “Receivables Subsidiary”, in each case, as defined in the Credit Agreement.

Appears in 2 contracts

Sources: Canadian Purchase and Sale Agreement (Dayforce, Inc.), Purchase and Sale Agreement (Dayforce, Inc.)

Receivables Facility. The facility established by this Agreement and the other Transaction Documents constitutes a “Receivables Facility” and the Buyer each Seller constitutes a “Receivables Subsidiary”, in each case, as defined in the Credit Agreement.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Dayforce, Inc.)