Examples of SCF Platform in a sentence
See “ Description of the Receivables—Uploading of Receivables onto the SCF Platform and Purchase by the Platform Provider: the Accounts Payable Management Services Agreement”.
Pursuant to the APMSA, the uploading of an Electronic Data File containing details of a Receivable payable to a Supplier on to the SCF Platform, and the designation of such uploaded Receivable as “approved” by an Obligor, will initially give rise to such Receivable being an Approved Platform Receivable.
SCF Platform Documents VM Accounts Receivable purchased by the Issuer pursuant to the Framework Assignment Agreement are uploaded by the Obligors to the SCF Platform (as defined elsewhere in this Offering Circular) managed by the Platform Provider to facilitate receivables financing provided by the Platform Provider and other participating funding providers, including the Issuer.
Under the terms of the APMSA, the Obligors (which, in the context of this section entitled “SCF Platform Documents” shall include reference to the Obligors’ Parent, the eligible Subsidiary Obligors and Virgin Media Ireland Ltd.) are “Buyer Entities” who may upload Electronic Data Files containing details of Receivables on to the SCF Platform to enable the purchase by the Platform Provider of such Receivables (and the Parent Payment Obligations arising in respect thereof) from the relevant Supplier.
Upon each Initial Transfer (being the sale and assignment of a Parent Payment Obligation and the applicable Receivable related thereto from the Supplier to the Platform Provider through the SCF Platform), the relevant Parent Payment Obligation will become a Payment Obligation, pursuant to which each Obligor will become jointly and severally liable with each other Obligor to make payment or cause payment to be made to the relevant recipient on the Confirmed Payment Date in respect thereof.
Subpart (b) is to again test her credibility and truthfulness, as both are at issue in this proceeding.
Upon each sale and assignment of a Parent Payment Obligation and the related Receivable from the Supplier to the Platform Provider through the SCF Platform, each Obligor will become jointly and severally liable with each other Obligor to make payment or cause payment to be made to the relevant recipient on the Confirmed Payment Date in respect of such Parent Payment Obligation (such Parent Payment Obligation, as enhanced by the joint and several undertaking of each Obligor, being a Payment Obligation).
In connection with any SCF Platform Addition, VMIH and the Subsidiary Obligors may enter into additional accounts payable management services agreements (or equivalent) and the Issuer may (and upon request by VMIH, shall) enter into one or more additional receivables assignment agreements (or equivalent), pursuant to which the Issuer will purchase eligible VM Accounts Receivable from such additional Platform Provider.
Under the terms of the APMSA, the Obligors (or LGC on its behalf) or VMIH may upload Electronic Data Files containing details of Receivables payable to a Supplier on to the SCF Platform to enable the purchase by the Platform Provider of such Receivables (and the Payment Obligations arising in respect thereof) from the relevant Supplier.
VZ Financing I B.V. (the “ New VFZ Facilities Borrower”) is the borrower under the New VFZ Facilities Agreement and an Obligor under the SCF Platform.