Trade Accounts Receivable Financing Program

Trade Accounts Receivable Financing Program. Any accounts receivable financing program pursuant to which the Company and/or its Subsidiaries may sell, convey or otherwise transfer, directly or indirectly, Trade Accounts Receivable to a Person other than the Company or its Subsidiaries (whether through the direct sale of such Trade Accounts Receivable, the sale of an undivided interest in a specified pool of such Trade Accounts Receivable, or the grant of a security interest in such Trade Accounts Receivable to such other Person); provided... that "Trade Accounts Receivable Financing Program" shall not include any Non-Recourse Financing Transaction. View More