Examples of Receivables Facility Assets in a sentence
Dispositions of Receivables Facility Assets in connection with a Permitted Receivables Financing; provided that this clause (n) shall be the exclusive clause of this Section 7.06 that permits Dispositions in connection with a Permitted Receivables Financing.
It is acknowledged and agreed that, at any time when additional capital contributions are required to be made to the Receivables Subsidiary, such contributions may be made through the transfer by Treasure Chest of additional Receivables Facility Assets to the Receivables Subsidiary, through the contribution of promissory notes in accordance with Section 9.05(xv) or through a reduction in the principal amount of any intercompany note then payable to Treasure Chest by the Receivables Subsidiary.
A mortgage shall terminate in the event of: termination of a principal obligation;sale of mortgaged property pursuant to this Law;transfer to a mortgagee of the right of ownership to mortgaged property; invalidation of a mortgage agreement;destruction (loss) of mortgaged property, unless the mortgagor has restored it; on other grounds as are provided by this Law.Subsequent mortgages shall terminate as a result of levying an attachment under a preceding mortgage.
Receivables Entity to purchase the Permitted Receivables Facility Assets from the Borrower and/or the respective Receivables Sellers, in each case as more fully set forth in the Permitted Receivables Facility Documents.
Each Intercompany Finance Subsidiary holds all of its respective Intercompany Receivables Facility Assets until such Intercompany Receivables Facility Assets have been collected by such Intercompany Finance Subsidiary, repurchased by a Qualified U.S. Obligor (other than Finance Corp.) or transferred to another Intercompany Finance Subsidiary in accordance with Section 9.02(ix)(B).