Intermediary Transaction definition

Intermediary Transaction means a loan instrument entered into between the Intermediary and an On-Lending Bank (directly or through a Pass-Through Institution) to fund partially or entirely a Final Recipient Transaction and pursuant to which the Intermediary covers the On- Lending Bank’s exposure thereunder at the applicable Risk Sharing Rate. Unless explicitly stated otherwise in this Agreement, references to an Intermediary Transaction shall include, where applicable, both a reference to the agreement between the Intermediary and the Pass- Through Institution and to the agreement between the Pass-Through Institution and the On- Lending Bank (including, but not limited to, in the provisions of clauses 12 (Recoveries) and 16 (General Undertakings)).”
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Examples of Intermediary Transaction in a sentence

  • This transaction has been converted to an Intermediary Transaction.

  • Buyer shall not take any action with respect to the Company, Newco and the Sold Subsidiaries that would cause the transactions contemplated by this Agreement to constitute part of a transaction that is the same as, or substantially similar to, the "Intermediary Transaction Tax Shelter" described in Internal Revenue Service Notices 2001-16 and 2008-111.

  • Buyer is represented by an Outside Broker; or This transaction has been converted to an Intermediary Transaction.

  • Guarantee Transactions that do not comply with the Final Recipient Transaction and/or Intermediary Transaction Eligibility Criteria, as applicable, are deemed excluded from the relevant Individual Portfolio (and shall not be covered by the (Counter-)Guarantee).

  • Intermediary Transaction Eligibility Criteria An Intermediary Transaction shall comply with each of the following eligibility criteria: 1.

  • The Purchaser will not take any action with respect to the Company that would knowingly cause the Transactions contemplated hereby to constitute part of a transaction that is the same as, or substantially similar to, the "Intermediary Transaction Tax Shelter" described in Internal Revenue Service Notices 2001-16 and 2008-111.

  • The Purchaser shall not take any action or cause any action to be taken with respect to the Surviving Corporation subsequent to the Closing that would cause the transactions contemplated hereby to constitute part of a transaction that is the same as, or substantially similar to, the "Intermediary Transaction Tax Shelter" described in Internal Revenue Service Notice 2001‑16, 2001-1 C.B. 730 as clarified by Notice 2008‑111, 2008-2 C.B. 1299.

  • Fund Company or a Fund may request, with the consent of the Intermediary, Transaction Information older than ninety (90) days from the date of the request as it deems necessary to investigate compliance with policies established by a Fund for the purpose of eliminating or reducing any dilution of the value of the outstanding shares issued by the Fund but shall not make a request for any information older than twelve (12) months from the date of the request.

  • Recoveries Process Where the Financial Intermediary receives Recoveries, a Recovery notice document must be sent to the EIF in order to notify Recoveries recovered or received by the Financial Intermediary in relation to a Final Recipient Transaction or in relation to an Intermediary Transaction covering Final Recipient Transactions included in the relevant Individual Portfolio(s).

  • Buyer will not take any action with respect to the Blocker, the Company or its Subsidiaries that would cause the transactions contemplated by this Agreement to constitute part of a transaction that is the same as, or substantially similar to, the "Intermediary Transaction Tax Shelter" described in Internal Revenue Service Notices 2001-16 and 2008-111.

Related to Intermediary Transaction

  • Treasury Transaction means any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price.

  • Treasury Transactions means any derivative transaction entered into in connection with protection against or benefit from fluctuation in any rate or price.

  • Extraordinary Transaction means any merger, amalgamation, scheme of arrangement, consolidation, business combination, recapitalization, reorganization, tender or exchange offer, liquidation, sale of all or substantially all assets, or other similar extraordinary transaction involving the Company.

  • Financial Distress Event means the [Supplier, Subcontractors, [the Guarantor] the credit rating of an FDE Group entity dropping below the applicable Financial Metric; an FDE Group entity issuing a profits warning to a stock exchange or making any other public announcement, in each case about a material deterioration in its financial position or prospects; there being a public investigation into improper financial accounting and reporting, suspected fraud or any other impropriety of an FDE Group entity; an FDE Group entity committing a material breach of covenant to its lenders; a Subcontractor notifying CCS or the Buyer that the Supplier has not satisfied any material sums properly due under a specified invoice and not subject to a genuine dispute; any of the following: commencement of any litigation against an FDE Group entity with respect to financial indebtedness greater than £5m or obligations under a service contract with a total contract value greater than £5m; non-payment by an FDE Group entity of any financial indebtedness; any financial indebtedness of an FDE Group entity becoming due as a result of an event of default; the cancellation or suspension of any financial indebtedness in respect of an FDE Group entity; or the external auditor of an FDE Group entity expressing a qualified opinion on, or including an emphasis of matter in, its opinion on the statutory accounts of that FDE entity; in each case which the Buyer reasonably believes (or would be likely to reasonably believe) could directly impact on the continued performance and delivery of the Services in accordance with the Call-Off Contract; and any two of the Financial Metrics for the Supplier not being met at the same time.

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.