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High-Yield Provisions Accommodating a Receivables Subsidiary
Drafting for Corporate Finance: Concepts, Deals, and Documents (Second Edition)
Book Publication Date:
A receivables subsidiary is essentially a subsidiary designated by the board of directors with the sole function of financing accounts receivable.
These sample clauses from a corporate finance agreement provide the necessary definitions and limitations related to a receivables subsidiary.
PLI Item #:
Corporate & Securities
"limitation on indebtedness"
"limitation on liens"
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