Securitisation Facility definition

Securitisation Facility means the European Securitisation Facility and/or the US Securitisation Facility, as the context requires; Securitised Dutch Receivable means a Receivable which has been purchased by the European Receivables Warehouse Company pursuant to a Dutch Master Receivables Purchase Agreement and which (i) remains outstanding and (ii) has not been repurchased by the European Receivables Warehouse Company pursuant to Clause 11.1(b) of the Onward Dutch Master Receivables Purchase Agreement or by the relevant Originator pursuant to Clause 11.1(b) of the Dutch Master Receivables Purchase Agreement;
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Securitisation Facility means the European Securitisation Facility and/or the US Securitisation Facility, as the context requires; Securitised Dutch Receivable means a Receivable which has been purchased by the European Receivables Warehouse Company pursuant to a Dutch Master Receivables Purchase Agreement and which (i) remains outstanding and (ii) has not been repurchased by the European Receivables Warehouse Company pursuant to Clause 11.1(b) of the Onward Dutch Master Receivables Purchase Agreement or by the relevant Originator pursuant to Clause 11.1(b) of the Dutch Master Receivables Purchase Agreement; Securitised English Receivable means a Receivable which has been purchased by the European Receivables Warehouse Company pursuant to an English Receivables Sale Contract and which (i) remains outstanding and (ii) has not been repurchased by the European Receivables Warehouse Company pursuant to Clause 5.1(b) of the European Receivables Warehouse Company English Warranty and Indemnity Deed or by the relevant Originator pursuant to Clause 5.1(b) of the English Originator Warranty and Indemnity Deed; Securitised European Receivable means a Securitised Dutch Receivable and/or a Securitised English Receivable, as the context requires; Securitised Receivable means a Securitised European Receivable and/or a Securitised US Receivable, as the context requires; Securitised US Receivable means a Receivable which has been contributed to the US Master Purchaser pursuant to the US Contribution Agreement and which (i) remains outstanding and (ii) has not been repurchased by the relevant US Originator pursuant to Clause 11.1(b) of the US Contribution Agreement;
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Securitisation Facility means any transaction or series of securitization financings that may be entered into by the Borrowers or any Subsidiary pursuant to which such Borrower or any such Subsidiary may sell, convey or otherwise transfer, or may grant a security interest in, Securitisation Assets to either:
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Examples of Securitisation Facility in a sentence

  • The US Securitisation Facility is intended (a) to provide the US Master Purchaser with financing to make distributions to the US Originators in respect of Securitised US Receivables contributed by the relevant US Originator and (b) to provide the US Master Purchaser with financing to repay any previously issued ▇▇▇▇▇▇▇▇ US Notes and, accordingly, the US Master Purchaser shall apply all amounts raised by it under the US Securitisation Facility in or towards satisfaction of such purposes.

Related to Securitisation Facility

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Company or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Satellite facility means an outpatient facility at which the

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • generation facility means a facility for generating electricity or providing ancillary services, other than ancillary services provided by a transmitter or distributor through the operation of a transmission or distribution system and includes any structures, equipment or other things used for that purpose;