ACCOUNTS RECEIVABLE FINANCING

ACCOUNTS RECEIVABLE FINANCING. Shall mean any accounts receivable sale arrangement, credit facility or conditional purchase contract or similar arrangement providing financing secured directly or indirectly by the accounts receivable and related records, collateral and rights of the Guarantor or its Subsidiaries; provided that any such transaction shall be consummated pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent, as evidenced by its written approval thereof (such... approval not to be unreasonably withheld). View More