Italian Securitisation Law definition

Italian Securitisation Law means the Italian Law No. 130 of 30 April 1999 as published in the Italian Official Gazette No. 111 of 14 May 1999 (lxxxx sulla cartolarizzazione dei crediti) and any rules, regulations and guidelines issued by the Bank of Italy or any other public authority and which implement the Italian Securitisation Law, as amended and supplemented from time to time. Italy means the Republic of Italy.
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Examples of Italian Securitisation Law in a sentence

  • The Italian SPV is subject to the Italian Securitisation Law and all other applicable Italian laws.

  • In accordance with the Italian Securitisation Law, the assets or cash-flow of a segregated patrimony of the Italian SPV will only be available to satisfy the obligations of the creditors of that segregated patrimony and conversely, those creditors will not have any claim against the assets or cash-flow of the Italian SPV’s other segregated patrimonies.

  • The Italian SPV was established to undertake securitisation transactions in accordance with the Italian Securitisation Law.

  • At the time of purchase, Ifitalia sells the entire portfolio of receivables, with recourse, to the vehicle company Tierre Securitization s.r.l. (SPV) based on the Italian Securitisation Law (Law 130/1999).

  • The Italian SPV was incorporated in Italy on 28 January 2013 as a special purpose vehicle subject to the provisions of the Italian Securitisation Law and established solely for the purpose of carrying on securitisation activities.

  • International Journal of Scientific and Research Publications, 5(4), 1-10.

  • A Conditional Use application was not required.Therefore, the criteria are met.B. Where the applicant’s development site abuts existing curb and gutter, sidewalks in conformance with city standards are required to be constructed to the extent curb and gutter exist at the time of application.Finding: The subject site has existing curb, gutter, and sidewalks in conformance with city standards.

  • In Italy, securitisation transactions are, as a general rule, governed by the Italian Securitisation Law, as subsequently amended and supplemented.

  • The Servicer is also charged with implementing activities aimed at protecting the Issuer's Rights in relation to the Receivables, as established by the terms and conditions of the Loan Agreement, in the interest of the Issuer and of the Noteholders, in line with the best banking practice and according to the Italian Securitisation Law and the Communication of the Bank of Italy dated 3 November 2003.

  • The Series B Notes that are the subject matter of this Prospectus are financial instruments issued – pursuant to section 5 of the Italian Securitisation Law - against the purchase of the Portfolio of Receivables by the Issuer.

Related to Italian Securitisation Law

  • securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or pool of exposures is tranched, having both of the following characteristics:

  • Securitisation Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012, as such may be amended, supplement or replaced from time to time;

  • Securities Financing Transactions Regulation means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • UK Securitization Regulation means Regulation (EU) 2017/2402 as it forms part of UK domestic law as “retained EU law” by operation of the EUWA and as amended by the Securitisation (Amendment) (EU Exit) Regulations 2019, and as further amended.

  • Facility Agreement means the Facility Agreement referred to in Recital (A).

  • Securitization Transaction means, with respect to any Person, any financing transaction or series of financing transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer, or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights to payment to a special purpose subsidiary or affiliate of such Person.

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary of the Borrower that are customary in a Securitization Financing.

  • UK Security Agreement means each of the security documents expressed to be governed by the laws of England (as modified, supplemented, amended or amended and restated from time to time) covering certain of such UK Loan Party’s present and future UK Collateral.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking or assets of the Issuer are transferred to a successor entity which assumes all the obligations of the Issuer under the Capital Securities.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Transaction Security Documents means each of the documents listed as being a Transaction Security Document in paragraph 2(e) of Part I of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement and any document required to be delivered to the Administrative Agent under paragraph 3(d) of Part II of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement together with any other document entered into by any Obligor creating or expressed to create any Security over all or any part of its assets in respect of the obligations of any of the Obligors under any of the Finance Documents (and any other Debt Documents).

  • Transaction Security means the Security created or expressed to be created in favour of the Security Agent pursuant to the Transaction Security Documents.

  • UK Security Documents means the UK Pledge Agreements and the UK Debenture.

  • EU Securitization Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017.

  • Special purpose equipment means equipment which is used only for research, medical, scientific, or other technical activities. Examples of special purpose equipment include microscopes, x-ray machines, surgical instruments, and spectrometers.

  • Finance means the Division of Finance.