Securitisation Programme definition

Securitisation Programme means the Seller’s securitisation programme, established in September 2000 for the securitisation of receivables arising from contracts for the sale and supply of paper, office products and related services to which those PMD Group Companies listed in paragraph 8 of the schedule headed “Approvals” are parties;
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Securitisation Programme means the securitisation programme structured by BNP Paribas in order to finance the purchase price of the Eligible Receivables payable by the FCC to the Sellers. When referred to in any Securitisation Transaction Document, the Securitisation Programme is deemed to include:
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Examples of Securitisation Programme in a sentence

  • Each Servicer participating in the Securitisation Programme as a Seller shall have executed and perfected, pursuant to applicable French or English law, with the FCC and, as the case may be, the relevant Collection Account Bank a Collection Account Security Agreement in respect of its Collection Account, pursuant to which the rights and interest of the FCC in the amounts standing at any time to the credit of each Collection Account shall be secured for the benefit of the FCC.

  • Each Administrative Agent acknowledges and agrees that the Management Company and the Custodian are entering into the Securitisation Transaction Documents and are taking part to the Securitisation Programme on the assumption that each of the representations and warranties referred to in this Clause is true, accurate and complete in all respects when rendered or repeated and each of the undertakings given by each Administrative Agent shall be complied with at all relevant times.

  • The Servicers shall have no authority whatsoever in determining operation and financial policies in respect of the Securitisation Programme and each Servicer acknowledges that all powers to determine such policies (including the determination of whether or not any particular policy is for the benefit of the Securitisation Programme) are, and shall at all times remain, vested in the FCC.

  • Any Seller shall be entitled to exit from the Securitisation Programme and may resign from being a Seller by delivering to the Management Company a Resignation Letter in the form set out in Schedule 16 of Appendix 1.

  • Each Servicer acknowledges and agrees that the Management Company and the Custodian are entering into the Securitisation Transaction Documents and are taking part to the Securitisation Programme on the assumption that each of the representations and warranties referred to in this Clause is true, accurate and complete in all respects when rendered or repeated and each of the undertakings given by each Servicer shall be complied with at all relevant times.

  • Such Collection Accounts will be established for the purpose of the Securitisation Programme in the form of French "comptes specialement affectes" for the French Servicers and trust accounts for the English Servicers.