英语翻译Notwithstandingtheforegoing,theCompanyanditsMaterialDomesticSubsidiariesmaycreate,incurandsuffertoexistLienssecuringDebtcoveringReceivables(“PermittedReceivablesLiens”),andmaysellanddiscountReceivables(and

　　英语翻译

　　Notwithstandingtheforegoing,theCompanyanditsMaterialDomesticSubsidiariesmaycreate,incurandsuffertoexistLienssecuringDebtcoveringReceivables(“PermittedReceivablesLiens”),andmaysellanddiscountReceivables(andsupportingrightsandassets)transferredbytheCompany,MotorolaCreditoranyoftheirrespectiveDomesticSubsidiariesdirectlyorindirectlyto(i)MotorolaReceivablesCorporation(ortoanysimilarspecialpurposeentityusedsolelyinconnectionwithassetsecuritizations)aspartofanassetsecuritizationfinancingfacilityorfacilitiesor(ii)athirdpartypursuanttoafactoringorsalearrangement(collectively,“PermittedReceivablesTransfers”),providedthatthetotalfaceamountofReceivablessubjecttoPermittedReceivablesLiensandPermittedReceivablesTransfersoutstandingatanytimedoesnotexceedanamountequaltothegreaterof(a)$750,000,000or(b)atanytimeofmeasurement,35%ofthesumof(x)thefaceamountofreceivablesoftheCompanyanditsSubsidiariesoutstandingatsuchtimeplus,(y)withoutduplication,thefaceamountofreceivablessoldbytheCompanyoranyofitsSubsidiariesaspartofanyassetsecuritizationfinancingfacilityoranythirdpartyfactoringorsalearrangementwhichareoutstandingundersuchfacilityorarrangementatsuchtime(theoutstandingfaceamountofsuchreceivablestobedeterminedinamannerconsistentwiththemethodologydescribedinthenextfollowingparagraph).

　　Forpurposeshereof,the“outstanding”faceamountofreceivables(includingReceivables)atanytimeshallmean(i)inthecaseofReceivablessubjecttoaPermittedReceivablesLien,thefaceamountofsuchreceivablesatsuchtimeand(ii)inthecaseofReceivablessubjecttoaPermittedReceivablesTransferarisingunderanassetsecuritizationfinancingfacilityorthirdpartyfactoringorsalearrangement,theaggregatefaceamountofReceivablessotransferredminusthesum(withoutduplication)of(x)foranysuchReceivablesthathavebeenpaidinfull(whetherbytheunderlyingaccountobligororaguarantororsuretytherefor),oranysuchReceivablesthathavebeenwrittenoffinaccordancewithGAAPbytherespectivepurchaserthereofinsuchfacilitiesorarrangements,thefaceamountoftheR