Receivables Program definition

Receivables Program means, with respect to any Person, any accounts receivable securitization program pursuant to which such Person pledges, sells or otherwise transfers or encumbers its accounts receivable, including a trust, limited liability company, special purpose entity or other similar entity.

Receivables Program means, with respect to any Person, an agreement or other arrangement or program providing for the advance of funds to such Person against the pledge, contribution, sale or other transfer of encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.

Receivables Program means the Program Receivables facility established pursuant to the Receivables Program Documentation.

Examples of Receivables Program in a sentence

• The Company may purchase the accounts receivable for an NGS that elects this billing option pursuant to the Voluntary Purchase of Receivables Program paragraph in this Tariff.

• If gas service to a Customer not subject to the Company’s Voluntary Purchase of Receivables Program is terminated, the Company will not make the payment of NGS gas supply charges a condition for the restoration of service.

• Under the Company’s Purchase of Receivables Program, the Company will have the right to terminate service for failure to pay the NGS’s Natural Gas Supply Services charges portion of the bill in compliance with all applicable laws and regulations regarding termination of service including the Discontinuance and Termination of Service rule of this Tariff.

• The NGS assumes full responsibility for non-payment of the NGS’s portion of a Customer’s bill unless the NGS elects to participate in the Company’s Purchase of Receivables Program.

• Pursuant to the Company’s Purchase of Receivables Program, the Company will purchase at a discount the accounts receivable from NGSs who elect to participate in POR.

More Definitions of Receivables Program

Receivables Program means, with respect to any Person, an agreement or other arrangement or program providing for the advance of funds to such Person against the pledge, contribution, sale or other transfer or encumbrances of Receivables Program Assets of such Person or such Person and/or one or more of its Subsidiaries.

Receivables Program means that certain trade receivables securitization program conducted pursuant to the Receivables Program Documents.

Receivables Program means, with respect to any Person, any accounts receivable securitization or factoring program pursuant to which such Person receives proceeds pursuant to a pledge, sale or other encumbrance of its accounts receivable or payment intangibles.

Receivables Program means, with respect to any Person, any securitization program pursuant to which such Person pledges, sells or otherwise transfers or encumbers its Receivables and Related Assets, including a trust, limited liability company, special purpose entity or other similar entity.

Receivables Program means an arrangement or arrangements under which the Borrower and its Subsidiaries sell, transfer or otherwise receive value with respect to accounts receivable pursuant to documentation reasonably satisfactory to the Administrative Agent.

Receivables Program means the program of sales of Receivables Program Receivables from time to time by the Borrower and its Subsidiaries to the H&T Master Trust pursuant to, and in accordance with the terms and conditions of, the Receivables Program Documents.

Receivables Program means, collectively, (a) the sale of, or transfer of interests in, Program Receivables to Finsub, directly or indirectly, in exchange for consideration equal to the fair market value of such Program Receivables (i.e., a “true sale”) and (b) the sale of, or transfer of interests in, such Program Receivables by Finsub to special purpose trusts or other funding vehicles which are not Affiliates of Terex; provided, in each case, that recourse to Terex or any Restricted Subsidiary in connection with such transactions is limited to the extent customary for similar transactions.