Factoring Transactions definition

Factoring Transactions means those factoring transactions underwritten by CNI in the conduct of its business. See Item 2.3.1 Business of Capital Now Inc.
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Factoring Transactions. A sale to third parties of accounts and debts of the Company’s customers.
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Examples of Factoring Transactions in a sentence

  • Each party hereto authorizes the Administrative Agent to enter into customary intercreditor agreements in connection with Securitizations and Factoring Transactions permitted under this Agreement.

  • The Senior Loan Secured Parties irrevocably authorize each of the Administrative Agent, the Collateral Agent and the Senior Collateral Agent, at its option and in its discretion, to enter into customary intercreditor agreements in connection with Securitizations and Factoring Transactions permitted under this Agreement.

  • Schedule 2.1(c) hereto contains a true and complete list of all contracts, agreements, commitments or obligations evidencing loans borrowed by the Company (the “Loan Agreements”), but, excluding, any Factoring Transactions (as defined below).

  • As of April 13, 2011 the aggregate amount of the outstanding Factoring Transactions (as defined below) that were not yet collected by the companies providing the factoring transactions equal to an amount of US$4,805,752.

  • On the Business Day of receipt thereof by Holdings, the Borrower and/or any of their Subsidiaries, an amount equal to 100% of the proceeds of the Foreign Factoring Transactions shall be applied to reduce the outstanding Domestic Revolving Loans and Dollar Equivalent Multicurrency Revolving Loans on a pro rata basis without a permanent reduction of the Commitments.

  • On the Business Day of receipt thereof by the Borrower and/or any of its Subsidiaries, the Borrower shall cause outstanding Revolving Loans to be paid in an amount equal to the lesser of 100% of the proceeds of any Foreign Factoring Transactions and the then outstanding amount of Revolving Loans without a permanent reduction of the Revolving Loan Commitments.

Related to Factoring Transactions

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Financing Transactions means the execution, delivery and performance by each Loan Party of the Loan Documents to which it is to be a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

  • Closing Transactions has the meaning set forth in Section 11.8(a)(i) of these Bylaws.