Transaction Concepts Sample Clauses

Transaction Concepts. In accordance with the provisions of Law No. 9514 of November 20, 1997, as amended from time to time, the Parties reiterate the concepts applicable to the transactions that may arise from the execution of this Agreement, namely: (i) securitization of real estate credits means a transaction by which a specialized firm purchases real estate credits and issues securities backed by such credits to be placed in the market, (ii) fiduciary sale means a legal transaction by which the Developer Lessor, in order to create the guarantee for the Funding in the market, engages the transfer to the Investor of terminable ownership in the Development, to be canceled if and upon settlement of the obligations hereunder and of any ancillary obligations, and (iii) upon creation of the fiduciary ownership, the debtor/beneficiary shall hold direct possession of the property, while the creditor/trustee shall hold indirect possession thereof.