Compartment definition

Compartment means a part of the EU guarantee defined in terms of the origin of the resources backing it;

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Compartment means a section which is opened within each individual PEPP account and which corresponds to the legal requirements and conditions for using incentives fixed at national level for investing in a PEPP by the Member State of the PEPP saver's domicile. Accordingly, an individual may be a PEPP saver or a PEPP beneficiary in each compartment, depending on the respective legal requirements for the accumulation and decumulation phases;

Compartment means any part of a building which is separated from all other parts by one or more compartment walls or compartment floors or by both such walls and floors; and for the purposes of the Part, if any part of the top storey of a building is within a compartment, the compartment shall also include any room space above such part of the top storey;

Examples of Compartment in a sentence

• In that case, such creditor should however not have recourse to the assets of any Compartment (in the case that the Issuer has created one or more Compartments) but should have to exercise his rights on the general assets of the Issuer unless his rights would arise in connection with the "creation, operation or liquidation" of a Compartment, in which case, the creditor would have recourse to the assets allocated to that Compartment but he would not have recourse to the assets of any other Compartment.

• All Class P Shares and all related rights and assets (including the monies paid for the subscription of the Class P Shares and any share premium relating thereto (the "Subscription Monies")) and the assets purchased with the Subscription Monies are allocated to the Category X Compartment.

• Compartment Assets (together with any related security) will, unless otherwise specified in the Issue Specific Terms, be held by the Custodian on behalf of the Issuer pursuant to the Custody Agreement (as defined in Condition 8(c)(i)).

• A category A Compartment will be referred to as Compartment A (including the relevant individual identification number), a Category B Compartment will be referred to as Compartment B (including the relevant individual identification number) and the Category X Compartment will be referred to as Compartment X.

• The Board is entitled to create one or more compartments (within the meaning of article 62 of the Securitisation ▇▇▇ ▇▇▇▇ and representing the assets of the Issuer relating to an issue by the Issuer of shares or debt securities), in each case, corresponding to a separate part of the Issuer’s estate and constituting each either a Category A Compartment or a Category B Compartment or the Category X Compartment.

More Definitions of Compartment

Compartment means one or more poultry establishments in a third country under a common biosecurity management system containing a poultry subpopulation with a distinct health status with respect to a specific disease or diseases for which the required surveillance, control and biosecurity measures have been applied for the purpose of imports under this Regulation;

Compartment means compartment PPA-S85 of Purple Protected Asset, created by the board of directors of Purple Protected Asset pursuant to Article 5.1 of the Articles;

Compartment means each separate compartment of a Luxembourg Issuer within the meaning of the Luxembourg Securitisation Law

Compartment means an enclosed space within a refrigerating appliance with a direct sales function, separated from other compartment(s) by a partition, container, or similar construction, which is directly accessible through one or more external doors and may itself be divided into sub-compartments. For the purpose of this Regulation, unless specified otherwise, ‘compartment’ refers to both compartments and sub- compartments;

Compartment means a compartment of Driver UK Master S.A. within the meaning of the Luxembourg Securitisation Law.

Compartment means an enclosed space within a refrigerating appliance, which is directly accessible through one or more external doors and may itself be divided into sub-compartments. For the purpose of this Regulation, unless specified otherwise, ‘compartment’ refers to both compartments and sub-compartments;

Compartment means one or more farms under a common biosecurity system containing an aquatic animal population with a distinct health status with respect to a specific disease;