Securitization Undertakings definition

Securitization Undertakings means representations, warranties, covenants, repurchase obligations, indemnities and guarantees of performance entered into by the Company or any Subsidiary of the Company which the Company has determined in good faith to be required by a seller or servicer (or parent of such seller or servicer) in a Receivables Facility.
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Securitization Undertakings means representations, warranties, covenants, repurchase obligations, indemnities and guarantees of performance entered into by the Issuer or any Subsidiary of the Issuer which the Issuer has determined in good faith to be required by a seller or servicer (or parent of such seller or servicer) in a Receivables Facility.
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Examples of Securitization Undertakings in a sentence

  • Standard Securitization Undertakings: those representations, warranties, covenants and indemnities entered into by the Company or any Excluded Receivables Subsidiary which are determined in good faith by the Company to be customary in securitization transactions involving accounts receivables.

  • Standard Securitization Undertakings with respect to (x) a Qualified Receivables Financing of a Receivables Subsidiary are not prohibited by clauses (1), (2) and (3) above and (y) a Qualified Equipment Financing of an Equipment Subsidiary are not prohibited by clauses (1), (2) and (3) above.

  • To the extent not otherwise included, the outstanding principal balance of Indebtedness under any credit facility backed or secured by Receivables or any other Securitization Assets of the Consolidated Companies among one or more Consolidated Companies and a financial institution, which credit facility is non-recourse to the Parent and its Restricted Subsidiaries under the laws of the applicable jurisdiction, except Standard Securitization Undertakings.

  • The term “Indebtedness” shall not include Back-to-Back Securities, Non-Recourse Equity Pledge Debt or Standard Securitization Undertakings.

  • As of the date hereof, the aggregate amount of outstanding loans and advances made by Borrowers and Obligors to FSC pursuant to CS Securitization Undertakings is zero (-0-).

  • The Borrower has not Guaranteed the Indebtedness or other obligations in respect of any credit facility relating to the Structured Subsidiaries, other than pursuant to Standard Securitization Undertakings.

  • Limitation on Securitization Undertakings of Borrower and Restricted Subsidiaries......................................

  • Limitation on Securitization Undertakings of Borrower and Restricted Subsidiaries.......................................

  • As of the Closing Date, the ------------------------------ aggregate amount of outstanding loans and advances made by Borrowers and Obligors to FSC pursuant to CS Securitization Undertakings is zero (-0-).