Securitizations definition

Securitizations shall have the meaning set forth in Schedule II attached hereto.
Securitizations means the AmeriCredit Securitizations and the LBAC Securitizations.”

Examples of Securitizations in a sentence

  • At Lender’s election, each note comprising the Loan may be subject to one or more Securitizations.


More Definitions of Securitizations

Securitizations means any debt obligation owing by a bankruptcy-remote, special purpose finance vehicle that is secured directly and primarily by, primarily referenced to, and/or primarily representing ownership of, a pool of receivables or a pool of other assets, including collateralized debt obligations, residential mortgage-backed securities, commercial mortgage-backed securities, other asset-backed securities, “future flow” receivable transactions and other similar obligations; provided that asset based loan facilities, loans to financial service companies, factoring businesses, health care providers and other genuine operating businesses do not constitute Securitizations.
Securitizations means, individually and/or collectively, as the context may require, the Note A-1 Securitization, the Note A-2 Securitization, and the Note A-3 Securitization.
Securitizations means the Conduit Securitizations and the Term Securitizations.
Securitizations has the meaning set forth in the FAC Credit Agreement.
Securitizations shall have the meaning set forth in the recitals to this Agreement.
Securitizations means the Conduit Securitizations and the Term Securitization.
Securitizations means a financing arrangement, a component of which is a liquidity facility under which no Borrower is a borrower or a guarantor (except to the extent of any Guaranty Obligations permitted under Amendment No. 3), whereby a Borrower or Borrowers sell portions of its/their accounts receivable and related rights to a Securitization Subsidiary, subject to certain representations warranties, covenants and indemnity obligations, which will in turn sell such receivables and related rights to a Purchaser, in each case without recourse (except to the extent of any Guaranty Obligations permitted under Amendment No. 3), but subject to certain representations, warranties, covenants and indemnity obligations. Securitizations include both Recourse Securitizations and Non-Recourse Securitizations.