Securitization partnership Clause Samples

Securitization partnership. For purposes of paragraph (1), the term ‘‘securitization partnership’’ means any part- nership the sole business activity of which is to issue securities which provide for a fixed principal (or similar) amount and which are primarily serviced by the cash flows of a dis- crete pool (either fixed or revolving) of receiv- ▇▇▇▇▇ or other financial assets that by their terms convert into cash in a finite period, but only if the sponsor of the pool reasonably be- lieves that the receivables and other financial assets comprising the pool are not acquired so as to be disposed of. (Aug. 16, 1954, ch. 736, 68A Stat. 249; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 98–369, div. A, title I, § 71(b), July 18, 1984, 98 Stat. 589; Pub. L. 108–357, title