Common use of Receivables Securitization Clause in Contracts

Receivables Securitization. The Collateral Agent and each of the Lenders hereby acknowledges that the Borrower is considering entering into a securitization transaction with respect to its Receivables. The Borrower hereby acknowledges that the consummation of such a securitization transaction will require the prior written consent of the Supermajority Lenders.

Receivables Securitization. The Collateral Agent and each of the Lenders hereby acknowledges that the Borrower is considering entering into a securitization transaction with respect to its Receivables. The Borrower hereby acknowledges that the consummation of such a securitization transaction will require the prior written consent of the Supermajority Lenders.