Driver UK Multi-Compartment S Sample Clauses

The 'Driver UK Multi-Compartment S' clause establishes the framework for managing and segregating assets and liabilities within a multi-compartment structure under UK law. In practice, this clause ensures that each compartment operates independently, so the assets and obligations of one compartment are not affected by those of another. For example, if a financial product or fund is divided into several compartments, this clause would prevent losses in one compartment from impacting the others. Its core function is to protect investors and stakeholders by clearly separating financial exposures, thereby reducing cross-contamination risk between compartments.
Driver UK Multi-Compartment S. A., a public limited company (société anonyme) incorporated under the laws of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under registration number B 189.629 and having its registered office at ▇▇-▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, acting for and on behalf of its Compartment Private Driver UK 2020-1, as issuer (the "Issuer");
Driver UK Multi-Compartment S. A. was established as a public company (société anonyme) incorporated with limited liability under the Luxembourg Securitisation Law on 8 August 2014 for the purposes of asset-backed securitisation. The sole shareholder of the Issuer is Stichting CarLux, a foundation duly incorporated in Amsterdam, the Netherlands.
Driver UK Multi-Compartment S. A., acting for and on behalf of its Compartment Driver UK nine