Factoring Facility definition

Factoring Facility means the credit facility evidenced by the Factoring Facility Documents.

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Factoring Facility means any and all agreements or facilities entered into by the Parent, GLAI or any Restricted Subsidiary for the purpose of factoring, selling, transferring or disposing of Factoring Receivables for cash or other consideration.

Factoring Facility means the factoring facility pursuant to that certain qualified receivable financing agreement, dated as of December 14, 2023, by and between the Borrower and Landsbankinn hf.

Examples of Factoring Facility in a sentence

• The Board is of the view that the Revolving Factoring Facility Agreement is entered into upon normal commercial terms and that the terms of the Revolving Factoring Facility Agreement are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.

• As the applicable percentage ratios calculated pursuant to Rule 14.07 of the Listing Rules in respect of the transactions contemplated under the Revolving Factoring Facility Agreement are above exceeds 5% but less than 25%, the Transaction constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules.

• In so far as you have applied for a Factoring Facility, then Parts I, II and IV of the Operating Conditions will apply to you.

• Subject to the condition precedents set forth in clause Sixth of this Agreement, at the Closing, the Beneficiaries shall transfer to the Trust, without any additional consideration other than the agreed in this Agreement, the Factoring Facility Claims described in the Exhibit “Ñ” of this Agreement, and (b) any cash or other consideration received as a distribution or recovery in the concurso mercantil proceedings of the Company and its subsidiaries on account of any such Factoring Facility Claims.

• Not permit the charter, by-laws or other organizational documents, or the Factoring Facility of any Loan Party to be amended or modified in any way which could reasonably be expected to materially adversely affect the interests of the Lenders.

More Definitions of Factoring Facility

Factoring Facility means the invoice discounting and factoring credit facility heretofore provided to MMI Automotive Ltd. by the Factor.

Factoring Facility. (a) the Closing Date Factoring Facility and (b) any other agreement between the Parent Borrower and/or a Restricted Subsidiary and a bank, financial institution or other third party, pursuant to which (i) the Parent Borrower or such Restricted Subsidiary, as applicable, agrees to sell accounts receivable, together with Receivables Assets related thereto, at a maximum aggregate discount off the aggregate face value of such accounts receivable that is consistent with customary market terms as determined in good faith by the Parent Borrower and (ii) the obligations of the Parent Borrower and/or the Restricted Subsidiaries party thereto thereunder are non-recourse (except for Receivables Repurchase Obligations) to the Parent Borrower and/or such Restricted Subsidiaries, it being agreed and understood that (w) the Parent Borrower and any Domestic Subsidiaries party thereto may be jointly and severally liable for all Receivables Facility Undertakings and Receivables Repurchase Obligations of the Parent Borrower and/or any Restricted Subsidiary party thereto, (x) each Canadian Subsidiary party thereto may be jointly and severally liable for all Receivables Facility Undertakings and Receivables Repurchase Obligations of any other Canadian Subsidiary party thereto, (y) such accounts receivables and Receivables Assets thereto have been removed from the applicable Borrowing Base and (z) the Loan Parties shall not participate in more than five (5) such Factoring Facilities (including, for the avoidance of doubt, the Closing Date Factoring Facility) and Receivables Facilities in the aggregate at any time (with each account debtor (or group of affiliated account debtors) counting as a distinct Factoring Facility or Receivables Facility for purposes of such limitation).

Factoring Facility a debt purchase facility provided on the terms of the Agreement; “Fees and Charges” all those fees and charges to which we are entitled for providing any Facility (and any VAT thereon); "Guaranteed Company" Cimcool Europe B.V., D-M-E Europe CVBA and Ferromatik Milacron Machinenbau GmbH;

Factoring Facility means those certain arrangements pursuant to (a) that certain Second Amended and Restated Collection Date Factoring Agreement, dated September 30, 2001, between the CIT Group/Commercial Services, Inc. and A and G, Inc. (b) that certain Assignment of Monies Due Under Factoring Agreement dated September 30, 2001 between Suntrust Bank and A and G, Inc.; and (c) and that certain Factoring Agreement dated November 27, 2001 between UPS Capital Global Trade Finance Corporation and A and G, Inc. Federal Funds Rate means, for any day, a fluctuating interest rate equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by the Administrative Agent. The Administrative Agent's determination of such rate shall be binding and conclusive absent manifest error.

Factoring Facility means the non-recourse factoring facility contemplated by the Non-Recourse Factoring Agreement, dated as of July 31, 2007, between Taminco NV (and certain of its affiliates), on the one hand, and Fortis Commercial Finance N.V., on the other hand, as the same has been and may be amended, restated, supplemented or otherwise modified from time to time; provided that the amended, restated, supplemented or otherwise modified facility shall be a comparable non-recourse factoring facility to that in effect on the Issue Date or shall be a Receivables Financing.

Factoring Facility means, in respect of an Obligor or Subject Entity any transaction providing for the factoring, reverse factoring, sale, securitization or financing of receivables owing to or from such Obligor or Subject Entity.

Factoring Facility means the factoring facility between Real Alloy Germany and the Factoring Facility Purchaser under the Factoring Facility Documents with a maximum financing amount of €50,000,000.