Qualified SPE definition
Qualified SPE means a Wholly Owned Subsidiary of the Borrower formed as a special purpose entity in connection with a Qualified Installment Sale Transaction for the sole purpose of (a) owning and holding the Qualified Installment Sale Note issued in connection with such Qualified Installment Sale Transaction, together with the standby letter of credit, guaranty or other similar form of credit enhancement securing such Qualified Installment Sale Note, (b) issuing a Qualified Senior Note to be secured solely by such Qualified Installment Sale Note and related standby letter of credit, guaranty or other similar form of credit enhancement and (c) and engaging in other activities incidental to the foregoing.
Qualified SPE has the meaning assigned to such term in the definition of “Qualified Assets”. “Qualified Institutional Buyer” means any Person who is a “qualified institutional buyer” within the meaning of such term as set forth in Rule 144A(a)(1) under the Securities Act. “QPAM Exemption” is defined in Section 6.2(d). “Related Fund” means, with respect to any holder of any Note, any fund or entity that (a) invests in Securities or bank loans, and (b) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of such holder or such investment advisor. “Required Holders” means at any time (i) prior to the Closing, the Purchasers and (ii) on or after the Closing, the holders of more than 50% in principal amount of the Notes at the time outstanding (exclusive of Notes then owned by the Company or any of its Affiliates). “Responsible Officer” means any Senior Financial Officer and any other officer of the Company with responsibility for the administration of the relevant portion of this Agreement. “SEC” means the Securities and Exchange Commission of the United States of America. “Secured Indebtedness” means any Indebtedness secured by a Lien. “Securities” or “Security” shall have the meaning specified in section 2(1) of the Securities Act. “Securities Act” means the Securities Act of 1933 and the rules and regulations promulgated thereunder from time to time in effect. “Senior Financial Officer” means the chief financial officer, principal accounting officer, treasurer or comptroller of the Company, including senior accounting professionals of TIAA with responsibility for financial reporting for the Company. “Separate Account” is defined in Section 1.3. “Significant Subsidiary” means at any time any Subsidiary that would at such time constitute a “significant subsidiary” (as such term is defined in Regulation S-X of the SEC as in effect on the date of the Closing) of the Company. “Source” is defined in Section 6.2. “State Sanctions List” means a list that is adopted by any state Governmental Authority within the United States of America pertaining to Persons that engage in investment or other commercial activities in Iran or any other country that is a target of economic sanctions imposed under U.S. Economic Sanctions Laws.
Qualified SPE means Georgia Timber Finance I, LLC, a wholly-owned Subsidiary of Timberland Company, formed as a special purpose entity in connection with the Qualified Installment Sale Transaction for the sole purpose of (a) owning and holding the Qualified Installment Sale Notes issued in connection with such Qualified Installment Sale Transaction, together with the Qualified Letters of Credit securing such Qualified Installment Sale Notes, (b) issuing the Qualified Senior Notes to be secured solely by such Qualified Installment Sale Notes and the Qualified Letters of Credit and (c) engaging in other activities incidental to the foregoing.
Examples of Qualified SPE in a sentence
For the purposes of determining compliance with such covenant, indebtedness of a Qualified SPE attributable to Qualified Senior Notes shall be excluded and Qualified Installment Sale Notes shall not be included in determinations of Total Asset Value.
For the purposes of determining the ratio of Total Indebtedness to Total Asset Value, indebtedness of a Qualified SPE attributable to Qualified Senior Notes shall be excluded and Qualified Installment Sale Notes shall not be included in determinations of Total Asset Value.
For each Qualified SPE which is a Company Party, such Person has obtained all environmental, health and safety permits, licenses and other authorizations required under all Environmental Laws to carry on its business with respect to the Qualified Asset as now being or as proposed to be conducted, except to the extent failure to have any such permit, license or authorization could not (either individually or in the aggregate) reasonably be expected to have a Material Adverse Effect.
In the case of an addition to the Unencumbered Asset Pool, such Project shall be Wholly-Owned by Borrower or a Qualified SPE, and, if owned by a Qualified SPE, the Borrower shall deliver to the Administrative Agent the documents required pursuant to Sections 2.20(i), (ii) and (iii) in order for such Qualified SPE to become a party to the Affiliate Guaranty.
More Definitions of Qualified SPE
Qualified SPE has the meaning assigned to it in the definition of “Subsidiary Owner”.
Qualified SPE. An Excluded Subsidiary that is either (a) a single purpose entity that (i) directly owns one or more properties or assets, (ii) is engaged only in the business of owning, developing and/or leasing such properties or assets, and (iii) receives substantially all of its gross revenues from such properties or assets (any such Excluded Subsidiary meeting the requirements of this clause (a), a “Special Purpose Entity”), or (b) a holding company that is a single purpose entity owning (directly or indirectly) no assets other than Equity Interests in one or more Special Purpose Entities and such other incidental personal property or other assets as may be necessary, incidental or appropriate for the ownership of such Equity Interests.
Qualified SPE means a Wholly Owned Subsidiary of the Borrower formed as a special purpose entity in
Qualified SPE means a Wholly Owned Subsidiary of the Borrower formed as a special purpose entity in connection with a Qualified Installment Sale Transaction for the sole purpose of (a) owning and holding the Qualified Installment Sale Note issued in connection with such Qualified Installment Sale Transaction, together with the standby letter of credit, guaranty or other similar form of credit enhancement securing such Qualified Installment Sale Note,
Qualified SPE means Georgia Timber Finance I, LLC, a wholly-owned Subsidiary of Timberland
Qualified SPE means a special-purpose entity set up to hold any Contract, which special-purpose entity (i) has not and will not guarantee, become liable for, provide any collateral security for, or otherwise provide any credit support for any Bank Obligations or any other indebtedness and (ii) is otherwise acceptable to Secured Party in Secured Party’s sole and absolute discretion.
Qualified SPE has the meaning assigned to such term in the definition of “Qualified Assets”.