Securitization Facility Sample Clauses

Securitization Facility. Any event (after the expiration of any applicable grace periods) as specified in the Securitization Documents for any Permitted Securitization shall entitle the Persons (other than the Securitization Subsidiary) financing Securitization Assets pursuant to a Permitted Securitization to terminate or permanently cease funding the purchase of Securitization Assets pursuant to such Permitted Securitization.

Securitization Facility. On or before the First Closing Date, the Representative shall have received a written certificate of the Company’s chief executive officer, dated as of the First Closing Date, to the effect that: (i) all material documents relating to the proposed securitization facility described in the Prospectus (the “Securitization Facility”) have been executed; (ii) upon the consummation of this offering (which will be satisfied on the First Closing Date), all conditions precedent to the closing of the Securitization Facility will have been met and the Securitization Facility will be in full force and effect; and (iii) funds in an amount not less than $[ ] shall be available for draw under the Securitization Facility on the First Closing Date.

Securitization Facility. Neither Borrower nor GCRC shall, unless otherwise consented to by Agent in writing, amend or consent to any amendment of or modification to any of the terms of the Securitization Facility or any of the agreements related thereto, including, without limitation, the Letter of Direction Agreement; provided, however, that Borrower and GCRC may enter into and consent to any supplement or amendment for the sole purpose of extending the commitment or revolving period for any securities issued thereunder.

Securitization Facility. So long as there are any Loans or Letter of Credit Accommodations outstanding, Borrower, as the sole shareholder of GCRC shall cause GCRC, subject to customary corporate procedures, to cause GCRC to pay (including the purchase of receivables) or distribute to Borrower, by payment directly to the Blocked Account, all amounts available (after application of all reserves required or anticipated under the Securitization Facility) for the purchase of Receivables under and as defined in the Receivables Purchase Agreement, including amounts available due to the collection of the Receivables and GCRC's utilization of the maximum financing under the Securitization Facility.

Securitization Facility. The Borrower shall have furnished the Lenders with true and correct copies of (a) the Receivables Purchase and Servicing Agreement dated as of March 28, 2002 among the Borrower, certain of its Subsidiaries and General Electric Capital Corporation, and all related Exhibits thereto, and (b) the Receivables Sale and Contribution Agreement dated as of March 28, 2002 among the Borrower and certain of its Subsidiaries, and all related Exhibits thereto, each in form and substance reasonably satisfactory to the Lenders.

Securitization Facility. The Borrower shall have entered into a Receivables Securitization Facility or other receivables financing arrangement acceptable in each case to the Required Lenders.