Common use of Use of special purpose vehicles Clause in Contracts

Use of special purpose vehicles. The AIFM opens and conducts only those SPVs for its investments which are the Real Estate Companies. Each SPV has to be in accordance with point f (xv), being audited once a year and under the influence of the AIFM. The influence can especially be the control of financial transactions or being the shareholder. Each SPV has only one investment.

Use of special purpose vehicles. The AIFM opens and conducts only those SPVs for its investments which are the Real Estate Companies. Each SPV has to be in accordance with point f (xvxiv), being audited once a year and under the influence of the AIFM. The influence can especially be the control of financial transactions or being the shareholder. Each SPV has only one investment.