Specified Entity. Specified Entity" shall have no meaning in relation to Party A or Party B.
Specified Entity. “Specified Entity” shall mean any of the following, including their affiliates: (i) ZF Friedrichshafen AG, (ii) Voith AG, (iii) Xxxxx Corporation, (iv) Caterpillar, Inc. and (v) ArvinMeritor, Inc.
Specified Entity. Specified Entity" means "Affiliates" in relation to Party A and Party B for the purpose of the "Default under Specified Transaction" provision (Section 5(a)(v)).
Specified Entity. None specified in relation to either Party A or Party B.
Specified Entity. Specified Entity" means in relation to Party A for the purpose of:
Specified Entity. Specified Entity" is not applicable in relation to Party A and Party B for the purpose of Sections 5(a)(v), 5(a)(vi), 5(a)(vii) and 5(b)(v).
Specified Entity. “Specified Entity” means: in relation to Party A: Not Applicable and in relation to Party B for the purposes of : Section 5(a)(v). Affiliates (Where Party B is a private individual or trust: Not Applicable) Section 5(a)(vi). Not Applicable Section 5(a)(vii). Affiliates (Where Party B is a private individual or trust: Not Applicable) Section 5(b)(iv). Not Applicable Section 5(b)(v). Affiliates (Where Party B is a private individual or trust: Not Applicable)
Specified Entity. (Clause 13.1.11) Party A Specified Entity………………… Party B Specified Entity………………… 12. Termination Payment Method (Clause 13.5.1) Loss/Market Amount
Specified Entity. Section 5(a) covers Events of Default (where only one party is culpable) and there are eight of them. However, before looking at them I want to dis- cuss Specified Entities and Credit Support Providers who feature a lot in this Section. A Specified Entity is essentially another member or members in a party’s group whom you want to join through the Schedule into certain Events of Default and Termination Events. The aim is to draw in those members of a party’s group (such as its parent or asset rich fellow subsidiaries) whose rela- tionship is so close to the contracting party that if an Event of Default happened to them it would be very likely to affect the contracting party too. The same reasoning applies to Credit Support Providers. A Credit Support Provider is a third party providing security or a guarantee for a party’s liabilities. It can also be one of the parties to the Agreement pro- viding security for itself (e.g. a corporate providing an all moneys debenture). In the 1987 Agreement, the Credit Support Provider was usually nominated as a Specified Entity for those Events of Default and Termination Events which referred to Specified Entities. In the 1992 Agreement it is in a separate category and there is no need to do this. The following Events of Default and Termination Events include any Credit Support Provider specified in respect of a party: ● Credit Support Default; ● Misrepresentation; ● Default under Specified Transaction; ● Cross Default; ● Bankruptcy;
Specified Entity. “Specified Entity” means:
