Factoring Agreement definition
Factoring Agreement means a customary market agreement by and between Holdings or a Restricted Subsidiary and a Factoring Company pursuant to which Holdings or such Restricted Subsidiary shall, pursuant to customary terms for the size and type of transaction involved, sell, transfer and assign its rights, title and interests in certain accounts receivable, specifically identified therein, to a Factoring Company.
Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.
Factoring Agreement means one or more receivables purchase agreements (or similar agreements) entered into by the Issuer or any of its Restricted Subsidiaries with one or more Factors, as the same may be amended, modified, supplemented and/or replaced from time to time so long as any such replacement agreement is on terms no less favorable to the Issuer or any of its Restricted Subsidiaries in any material respect than those terms set forth in the Factoring Agreements as in effect on the Issue Date.
Examples of Factoring Agreement in a sentence
The Company shall keep the Parent reasonably informed of the status of its efforts to terminate the Factoring Agreement.
Notwithstanding the foregoing, nothing in this Section 6.12(h) shall require the Company or any of its Subsidiaries to (i) pay any fees, incur or reimburse any costs or expenses or make any payment in connection with the termination of the Factoring Agreement prior to the occurrence of the Effective Time or (ii) cause the termination of the Factoring Agreement to be effective unless and until the Effective Time has occurred.
More Definitions of Factoring Agreement
Factoring Agreement means an agreement including a declaration of pledge entered or to be entered into between the Borrower and the Agent (on behalf of the Finance Parties and the Swap Banks) whereby the Borrower pledges to the Agent on behalf of the Finance Parties all claims arising from the Borrower’s business operation as security for the Loans, in the terms and form as the Agent may require.
Factoring Agreement. The words "Factoring Agreement" mean that certain Factoring Agreement dated October 30, 1995, by and between Buyer and Seller (the "Factoring Agreement"), pursuant to which Seller may sell, and Buyer may purchase, certain receivables owned by Seller, and all amendments, re- newals and modifications thereof, and supplements thereto.
Factoring Agreement means a factoring, receivables purchase or similar agreement which is not entered into in connection with or as part of a Permitted Securitization or Specified Transaction.
Factoring Agreement means, individually and collectively, the -------------------- Amended and Restated Factoring Service Agreement effective as of March 31, 1993 between Borrower and Factor, and the Factoring Service Agreement effective as of July 15, 1986 between Borrower and Factor, as each such agreement exists, has been or may hereafter be amended, restated, renewed, extended, supplemented, substituted or otherwise modified from time to time.
Factoring Agreement the revolving factoring facility agreement entered into between the Company and the Factoring Bank on March 21, 2023 “Factoring Bank” Bank of Jiangsu Co., Ltd. Beijing Branch* ( 江蘇銀行股份有限公司北京分行), a joint stock bank which is principally engaged in banking and related financial services, and also a branch of Bank of Jiangsu Co., Ltd, a company listed on Shanghai Stock Exchange (stock code: ▇▇▇▇▇▇.▇▇)
Factoring Agreement set forth in this Section 1.1.
Factoring Agreement means the agreements listed on Schedule 1.01(C) and such other factoring agreements as are entered into by the Borrower in the ordinary course of business.