Non-Recourse Financing Transaction

Example Definitions of "Non-Recourse Financing Transaction"
Non-Recourse Financing Transaction. Any transaction that constitutes a sale or transfer of Trade Accounts Receivable by the Company or any of its Subsidiaries to a Person other than the Company or a Subsidiary of the Company so long as pursuant to the terms of such transaction, such Person does not have recourse to the Company or its Consolidated Subsidiaries with respect to the uncollectibility of such Trade Accounts Receivable (it being understood that such transactions may include customary seller's obligations to repurchase... receivables arising as a result of a breach of representations, warranties, covenants or indemnities). View More
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