Decree 239 definition

Decree 239 means Legislative Decree number 239 of 1 April 1996, as amended and supplemented from time to time.

Decree 239 means Italian legislative decree No. 239 of 1 April 1996, as subsequently amended;

Decree 239 means the Italian Legislative Decree number 239 of 1 April 1996, as subsequently amended and supplemented.

Examples of Decree 239 in a sentence

• Withholding on the Notes As at the date of this Prospectus, payments of interest andother proceeds under the Notes may be subject to a Decree 239 Deduction.

• Withholding on the Notes As at the date of this Base Prospectus, payments of interest,Variable Return and other proceeds under the Notes of any Series may be subject to a Decree 239 Deduction.

• If any withholding or deduction for or on account of tax (including any Decree 239 Deduction) is made in respect of any payment under the Notes, neither the Issuer nor any other person shall have any obligation to pay any additional amount(s) to any holder of the Notes on account of such withholding or deduction.

• In particular, pursuant to Decree 239, the aforesaid exemption will apply to any beneficial owner of an Interest payment relating to the Notes who: (i) is resident, for tax purposes, in a country which recognises the Italian tax authorities’ right to an adequate exchange of information as listed in ministerial Decree 4th September 1996, as amended and supplemented.

• If any tax deduction is made, the Issuer shall be required to pay additional amounts in respect of the amounts so deducted or withheld, subject to a number of exceptions including deductions on account of Italian substitute tax pursuant to Decree 239.

More Definitions of Decree 239

Decree 239 means Legislative Decree No. 239 of 1 April 1996, as amended and supplemented from time to time.

Decree 239 means Legislative Decree number 239 of 1 April 1996.

Decree 239 means Legislative Decree No. 239 of 1 April 1996, as amended and supplemented from time to time and any related regulations. Final Maturity Date Unless previously redeemed in full, the Notes are due to berepaid in full at their Principal Amount Outstanding on the Final Maturity Date. The Notes, to the extent not redeemed in full on their Final Maturity Date, shall be cancelled. Cancellation Date The Notes will be cancelled on the "Cancellation Date"which is the later of (i) the last Business Day in July 2030; (ii) the date when the Portfolio Outstanding Amount will have been reduced to zero; and (iii) the date when all the Claims then outstanding will have been entirely written off by the Issuer. Segregation of Issuer’s Rights The Notes have the benefit of the provisions of article 3 of theSecuritisation Law, pursuant to which (i) the Portfolio, (ii) the Collections (to the extent that they are clearly identifiable as the Issuer’s collections under the Claims), (iii) any monetary claims accrued by the Issuer in the context of the Securitisation, as well as (iv) any financial asset (including those constituting Eligible Investments) from time to time owned by the Issuer in the context of the Securitisation are segregated by operation of law from the Issuer’s other assets. Both before and after a winding up of the Issuer, amounts deriving from the Portfolio will be exclusively available for the purpose of satisfying the obligations of the Issuer to the Noteholders and to the Other Issuer Creditors or to any other creditors of the Issuer in respect of any costs, fees and expenses in relation to the Securitisation. See for further details the section headed: "Selected Aspects of Italian Law - Ring-fencing of the assets". The (i) Portfolio, (ii) Collections (to the extent that they are clearly identifiable as the Issuer’s collections under the Claims), (iii) any monetary claims accrued by the Issuer inthe context of the Securitisation, as well as (iv) any financial asset (including those constituting Eligible Investments) from time to time owned by the Issuer in the context of the Securitisation may not be seized or attached in any form by creditors of the Issuer other than the Noteholders, until full discharge by the Issuer of its payment obligations under the Notes or cancellation thereof. Pursuant to the terms of the Intercreditor Agreement and the Mandate Agreement, the Issuer has empowered the Representative of the Noteholders, following the delivery of an...

Decree 239 means Legislative Decree No. 239 of 1 April 1996 of Italy, as subsequently amended.

Decree 239 means the Italian Legislative Decree 1 April 1996, No. 239, as subsequentlyamended;

Decree 239 means the Italian legislative decree No. 239 of 1 April 1996, as subsequently amended and supplemented.

Decree 239 has the meaning given to it in Condition 8.