Permitted Receivables Financing

Permitted Receivables Financing. Means a receivables securitization facility or program of the Borrower or any Subsidiary, the obligations under which are non-recourse (except for representations, warranties, covenants, repurchase obligations and indemnities, in each case, that are reasonably customary for a seller or servicer of assets transferred in connection with such a facility or program) to the Borrower and the Subsidiaries, providing for the sale, transfer, conveyance or contribution to capital of, or the granting of a... Lien on, Receivables Facility Assets to a Person that is not the Borrower or a Subsidiary. View More