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.