Standard Securitization Undertaking means representations, warranties, covenants and indemnities entered into by the Company or any Restricted Subsidiary of the Company, which in the good faith judgment of the Board of Directors of the Company, are reasonably customary in an accounts receivable transaction.
Standard Securitization Undertaking means representations, warranties, covenants and indemnities entered into by the Company or any of its Restricted Subsidiaries that are reasonably customary in an accounts receivable transaction.
Standard Securitization Undertaking means any representations, warranties, covenants, repurchase obligations and indemnities made by or entered into by the Borrower or any Restricted Subsidiary of the Borrower in connection with a permitted Securitization which the Borrower has determined in good faith to be customary in a Securitization, including, without limitation, any obligation of a seller of Securitization Assets in a Securitization to repurchase, indemnify or pay deemed collections of Securitization Assets arising as a result of a breach of a representation, warranty or covenant, and any other undertaking relating to the origination, sale or servicing of the Securitization Assets and other assets of an entity engaging in any Securitization (including any special purpose parent of any entity engaging in such Securitization).
Examples of Standard Securitization Undertaking in a sentence
Standard Securitization Undertakings covenants and indemnities entered into by the Company or any Subsidiary of the Company which are reasonably customary in a securitization of Receivables transactions, including, without limitation, those relating to the servicing of the assets of a Receivables Entity, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking.
More Definitions of Standard Securitization Undertaking
Standard Securitization Undertaking means representations, warranties, covenants and indemnities entered into by the Company or any Restricted Subsidiary of the Company that are reasonably customary in accounts receivable transactions.
Standard Securitization Undertaking means representations, warrantees, covenants and indemnities entered into by the Parent or any of its Restricted Subsidiaries, which in the good faith judgment of the Board of Directors of the Parent, are reasonably customary in an accounts receivable transaction.
Standard Securitization Undertaking means all representations, warranties, covenants, indemnities, performance guarantees and servicing obligations entered into by the Company or any Subsidiary (other than a Securitization Special Purpose Entity) which are customary in connection with any Qualified Securitization Transaction.
Standard Securitization Undertaking means representations, warranties, covenants, indemnities and guarantees of performance entered into by the US Borrower or any Restricted Subsidiary that a Responsible Officer of the US Borrower has determined in good faith to be customary in a Securitization.
Standard Securitization Undertaking. Collectively, (a) customary arm’s length servicing obligations (together with any related performance guarantees), (b) obligations (together with any related performance guarantees) to repurchase, refund the purchase price or grant purchase price credits for dilutive events or misrepresentations (in each case unrelated to the collectability of the assets sold or the creditworthiness of the associated account debtors) and (c) representations, warranties, covenants and indemnities (together with any related performance guarantees) of a type that are reasonably customary in accounts receivable securitizations.
Standard Securitization Undertaking means representations, warranties, covenants, repurchase obligations and indemnities entered into by the U.S. Borrower, the Euro Borrower or any Subsidiary which are reasonable and customary in accounts receivable transactions."
Standard Securitization Undertaking means representations, warranties, covenants, performance guaranties and indemnities entered into by the Company or any of its Subsidiaries in connection with the European A/R Facility which are reasonably customary in an accounts receivables transaction for a similarly situated company; it being understood and agreed that Standard Securitization Undertakings shall include without limitation (i) the representations, warranties, covenants, performance guaranties and indemnities of the Company and its Subsidiaries under the European A/R Facility existing on the date hereof and (ii) the representations, warranties, covenants, performance guaranties and indemnities of the Company and its Subsidiaries contemplated by the draft term sheet, dated as of March 26, 2002 between EHE and Citibank, N.A., as operating agent, describing certain amendments to and refinancing arrangements in connection with, the European A/R Facility.