Securitization Program Clause Samples
A Securitization Program clause defines the terms and conditions under which a company may bundle and sell its financial assets, such as loans or receivables, to investors through the process of securitization. This clause typically outlines the types of assets eligible for securitization, the procedures for transferring those assets, and any limitations or requirements imposed on the parties involved. By establishing clear rules for asset securitization, the clause facilitates access to alternative financing and helps manage risk by converting illiquid assets into liquid securities.
Securitization Program. 109. As described in greater detail in section 4.2.1.4 hereof, the accounts receivable of ACI and ACSC from clients which have a billing address in Canada, the U.S. or any other country outside the U.K., Belgium Ireland and Germany are sold to ACUSFC as part of the Securitization Program (as hereinafter defined).
Securitization Program. The Securitization Program has been consummated and is in full force and effect.
Securitization Program. After the Closing, the Buyers shall have the exclusive right to collect (for the benefit of ASD) all remaining receivables, if any, due to ASD (or any of its Affiliates) from any third party under the Securitization Program. Buyers shall deliver any collected proceeds promptly to an account specified by ASD.
Securitization Program. ORDER that the execution and delivery by ACI of the " Omnibus Amendment No. 5
Securitization Program. The Loan Parties shall not resign or permit any of their respective Subsidiaries to resign as Servicer under the Securitization Program, except in accordance with the terms and conditions described in the Securitization Program Documents.
Securitization Program. In connection with any Securitization Program, the Agent will be authorized without any further consent of the Lenders to execute on behalf of the Lenders an intercreditor agreement between the Lenders and the relevant securitization providers for the purposes of determining the respective rights and priorities of the Lenders and such securitization providers over the accounts receivable (and proceeds thereof) of the relevant Abitibi Entities.
Securitization Program. The Securitization Program will have been terminated prior to the Closing Date.
Securitization Program. Resign or permit any of their respective Subsidiaries to resign as Servicer under the Securitization Program, except in accordance with the terms and conditions described in the Securitization Program Documents.