Permitted Factoring Program means (a) Non-Recourse Debt relating to the sale or financing of Receivables (other than Receivables included in the Collateral) and any Related Security or (b) other sales (in connection with the financings of) and financings of Receivables and any Related Security (it being understood that Standard Factoring Undertakings shall be permitted in connection with such financings).
Permitted Factoring Program means the sale by MK Holdings or its Subsidiaries of accounts receivable originated by MK Holdings or such Subsidiaries to a third-party factor in the ordinary course of business and consistent with past practice and on a basis that is non-recourse to MK Holdings and its Subsidiaries other than limited recourse customary for factoring transactions of a similar kind.
Permitted Factoring Program means any and all agreements or facilities entered into by the Company or any of its Subsidiaries for the purpose of factoring its receivables or payables for cash consideration.
More Definitions of Permitted Factoring Program
Permitted Factoring Program means any and all agreements or facilities entered into by the Company or any Subsidiary for the purpose of factoring its receivables or payables for cash consideration.
Permitted Factoring Program means the sale by Capri Holdings or its Subsidiaries of accounts receivable originated by Capri Holdings or such Subsidiaries to a third-party factor in the ordinary course of business and consistent with past practice and on a basis that is non-recourse to Capri Holdings and its Subsidiaries other than limited recourse customary for factoring transactions of a similar kind.
Permitted Factoring Program means the sale of any Receivables and Related Assets in connection with a Factoring Program; provided that (a) the documents entered into by any Loan Party or its Subsidiary pursuant to a Factoring Program shall be on customary terms and condition and (b) all such sales shall be on a limited recourse basis and the purchase price shall be paid in cash to such Loan Party or its Subsidiary at the time of the sale.
Permitted Factoring Program means the sale by MKCapri Holdings or its Subsidiaries of accounts receivable originated by MKCapri Holdings or such Subsidiaries to a third-party factor in the ordinary course of business and consistent with past practice and on a basis that is non-recourse to MKCapri Holdings and its Subsidiaries other than limited recourse customary for factoring transactions of a similar kind.
Permitted Factoring Program means the sale of any Receivables and Related Assets in connection with a Factoring Program; provided that (a) the documents entered into by any Loan Party or its Subsidiary pursuant to a Factoring Program shall be on customary terms and condition and (b) all such sales shall be on a limited recourse basis and the purchase price shall be paid in cash to such Loan Party or its Subsidiary at the time of the sale. “Permitted Encumbrances” means: (a) Liens imposed by law for Taxes that are not yet due or are being contested or not paid in compliance with Section 5.04; (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or are being contested in compliance with Section 5.04; (c) other than Liens imposed by ERISA, pledges and deposits made in the ordinary course of business (i) in compliance with workers’ compensation, unemployment insurance, health, disability or other employee benefits or social security legislation or property, casualty or liability insurance and other social security laws or retirement benefits or similar laws or regulations and (ii) in respect of letters of credit or bank guarantees that are posted to secure the payment of items in clause (i); (d) Liens granted and deposits and other investments made to secure (i) the performance of bids, contracts, leases, statutory obligations, surety bonds, appeal bonds,
Permitted Factoring Program means the sale by the Lessee or its Subsidiaries of accounts receivable originated by the Lessee or such Subsidiaries, in an aggregate amount not to exceed $30,000,000 during any fiscal year of the Lessee, to a third-party factor in the ordinary course of business and on a basis that is non-recourse to the Lessee or its Subsidiaries other than limited recourse customary for factoring transactions of a similar kind.
Permitted Factoring Program means the sale of any Receivables and Related Assets in connection with a Factoring Program; provided that