Portfolio Management Financing definition
Portfolio Management Financing means any transaction involving the Company or one of its Restricted Subsidiaries with respect to Portfolio Management Assets, which transaction may take the form of (a) the Incurrence by the Company or a Restricted Subsidiary of Indebtedness that in all respects is non-recourse in all respects other than to the underlying Portfolio Management Assets, (b) the Incurrence by the Company or a Restricted Subsidiary of Indebtedness that is non-recourse other than (i) to the underlying Portfolio Management Assets and (ii) to the other Portfolio Management Assets acquired through the same non-recourse lending arrangements or (c) Portfolio Management Assets acquired where the Company or one of its Restricted Subsidiaries has an equity partner and both the Company or such Restricted Subsidiary and the equity partner may make non-recourse loans to an entity (in the form of a joint venture, a limited liability company, a corporation, or a partnership) created expressly to hold the underlying Portfolio Management Assets in principal amounts ratably in accordance with their respective equity interests in such entity.
Portfolio Management Financing means any transaction involving the Surviving Corporation or one of its Subsidiaries with respect to Portfolio Management Assets, which transaction may take the form of (a) the incurrence by the Surviving Corporation or a Subsidiary of Debt that in all respects is non-recourse other than to the underlying Portfolio Management Assets, (b) the incurrence by the Surviving Corporation or a Subsidiary of Debt that is non-recourse other than (i) to the underlying Portfolio Management Assets and (ii) to the other Portfolio Management Assets acquired through the same non-recourse lending arrangements or (c) Portfolio Management Assets acquired where the Surviving Corporation or one of its Subsidiaries has an equity partner and both the Surviving Corporation or such Subsidiary and the equity partner may make non-recourse loans to an entity (in the form of a joint venture, a limited liability company, a corporation, or a partnership) created expressly to hold the underlying Portfolio Management Assets in principal amounts ratably in accordance with their respective equity interests in such entity.
Examples of Portfolio Management Financing in a sentence
Grant, or permit any of its Subsidiaries to grant, consent required under any constitutive agreement of or any other agreement binding upon any Portfolio Management Subsidiary or Portfolio JV for any Portfolio Management Subsidiary or Portfolio JV to incur Debt other than Debt in respect of a Portfolio Management Financing.