Securitization Receivables definition

Securitization Receivables has the meaning specified in the definition of “Securitization Transaction”.

Securitization Receivables means, as of any date, all right, title and interest in and to the Receivables arising from time to time in the Securitization Accounts and Related Assets with respect thereto.

Securitization Receivables means all rights of the Company or any Subsidiary to receive payments (including, without limitation, assets classified as residual strips, certificates, or interest only strips on the Company's financial statements) under a Securitization Transaction but excluding rights to receive payments in respect of Servicing Fees.

Examples of Securitization Receivables in a sentence

• If such costs and expenses are not paid by the Company within 30 days of submission, the Existing Lender may pay such costs and expenses from Available Cash Flow from Securitization Receivables and payments on Pledged Loans, in which event appropriate adjustments shall be made to such Existing Lender's and each Other Residual Lender's Allocable Share of Available Cash Flow from Securitization Receivables as if such costs and expenses were paid by the Company as Operating Expenses.

• As of the Effective Date, after giving effect to the Securitization Transactions to occur on such date, the Securitization Receivables (Gross) constituting "Eligible Receivables" (as defined in the Receivables Purchase Agreement) exceeds $135,000,000.

• None of the Accounts or the related Account ------------------- Receivables or Securitization Receivables is secured by a pledge of collateral by the related Cardholder.

• Accounts Section 4.26 - REMIC Residual Interests Section 5.1(b) - Securitization Receivables and Collateral Certificates Section 5.2(a) - Listed Agreements Section 5.2(b) - Defaults Section 5.2(c) - Breaches of Representations and Warranties Section 5.2(d) - Liens on Agreements Section 5.4 - Recourse Loans Section 5.5 - Exceptions to Representations and Warranties Section 5.5(e) - Physical Damage Section 5.6 - Agency Approvals, Licenses, Etc.

• There are no indemnities, make-wholes or similar contractual rights, or rescission rights or any other rights on the part of any Person to require the Partnership, the Company or any Related Company to re-acquire any Securitization Receivables formerly sold or transferred by them under any circumstances.

More Definitions of Securitization Receivables

Securitization Receivables means, as of any date, the Gross Receivables that have been transferred to the Trust and that have not been reassigned to the relevant seller under the Pooling and Servicing Agreement.

Securitization Receivables means, as of any date, the collective reference to the Prime Securitization Receivables and the Prime II Securitization Receivables.

Securitization Receivables means, initially, all receivables of the U.S. Borrower and its Subsidiaries (the "ORIGINATOR") of the type described on Schedule IV hereto. For the avoidance of doubt, Securitization Receivables shall include amounts owing to the Originator in respect of products sold and/or services rendered by the Originator, in all cases regardless of whether such receivables are characterized as accounts receivable, general intangibles or otherwise, and shall include certain related rights described in the documentation approved by the Administrative Agent in connection with the Asset Securitization."

Securitization Receivables shall have the meaning assigned to such term in the Security Agreement.

Securitization Receivables has the meaning specified in the definition of “Securitization Transaction”. “Securitization Subsidiary” means (a) O&M Funding LLC, a Delaware limited liability company, and (b) any other wholly-owned Special Purpose Vehicle (other than, for the avoidance of doubt, any Loan Party) which engages in no activities other than those reasonably related to or in connection with the entering into of Securitization Transactions and which is designated by the board of directors of the Parent Borrower (as provided below) as a Securitization Subsidiary; provided that no member of the Consolidated Group shall (i) provide credit support to such Securitization Subsidiary other than Limited Originator Recourse, (ii) have any contract, agreement, arrangement or understanding with such Securitization Subsidiary other than on terms that are fair and reasonable and that are no less favorable to such member of the Consolidated Group than could be obtained from an unrelated Person (other than representations, warranties and covenants (including those relating to servicing) entered into in the ordinary course of business in connection with a Qualified Securitization Transaction and intercompany notes relating to the sale of Securitization Receivables to such Securitization Subsidiary and Limited Originator Recourse) or (iii) have any obligation to maintain or preserve such Securitization Subsidiary’s financial condition or to cause such Securitization Subsidiary to achieve certain levels of operating results other than Limited Originator Recourse. Any such designation by the board of directors of the Parent Borrower (other than with respect to O&M Funding LLC) shall be evidenced to the Administrative Agent and each Lender by filing with the Administrative Agent and each Lender a certified copy of the resolutions of the board of directors of the Parent Borrower giving effect to such designation. “Securitization Transaction” means any financing transaction or series of financing transactions that have been or may be entered into by a member of the Consolidated Group pursuant to which such member of the Consolidated Group may sell, convey or otherwise transfer to any Person (including, without limitation, a Securitization Subsidiary) or may grant a security interest in any accounts receivable, notes receivable, rights to future lease payments or residuals or other similar rights to payment (the “Securitization Receivables”) (whether such Securitization Receivables are then existing...

Securitization Receivables is defined within the definition of “Securitization Transaction” contained in this Schedule B. “Securitization Subsidiary” is defined within the definition of “Securitization Transaction” contained in this Schedule B. “Securitization Transaction” means any financing or factoring or similar transaction (or series of such transactions) entered by the Obligors or any of their Subsidiaries pursuant to which the Obligors or such Subsidiary may sell, convey or otherwise transfer, or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights to payment (the “Securitization Receivables”) to a special purpose subsidiary or affiliate (a “Securitization Subsidiary”) or any other Person. “separate account” is defined in Section 6.2. “Series A Notes” is defined in Section 1. “Series B Notes” is defined in Section 1.

Securitization Receivables means all rights of the Company to receive payments (including, without limitation, assets classified as residual strips, certificates, or interest only strips on the Company's financial statements) under a Securitization Transaction but excluding rights to receive payments in respect of Servicing Fees.