Securitization Company Clause Samples

Securitization Company. Holdings and the Borrowers shall cause Massey Receivables Corporation to merge with and into a Loan Party, ▇▇▇▇ ▇uch Loan Party as the surviving entity or dissolve on or before February 28, 2004 and, shall deliver to the Administrative Agent evidence thereof and evidence that any outstanding accounts receivables shall have been transferred back to the originators of such accounts receivable no later than three Business Days after the Closing Date (it being agreed and understood that such accounts receivable shall not be deemed Eligible Accounts until such transfer is accomplished and evidence thereof has been received by the Administrative Agent).