Delinking definition
Delinking means the transaction whereby the Assignor, amongst others, transfers all of its rights relating to the Facility Agreement with respect to it, transfers the Transferred Securities, and terminates any other agreements relating to the Facility Agreement with respect to it.
Delinking means the transaction whereby each of the US Companies (other than ING Bank, fsb) transfers all of its rights relating to the Facility Agreement with respect to it, as well as its State Securities to ING Bank N.V., and terminates any other agreements relating to the Facility Agreement with respect to it.
Delinking in this context means that the assets have been transferred to the SPV in a manner that cannot be challenged by e.g. creditors or shareholders of the seller.