Securitisation Act definition
Examples of Securitisation Act in a sentence
The Issuer may borrow in any form permitted by the Securitisation Act.
As the discussion dates back over 5 years, it is generally expected that the Securitisation Act should not constitute prohibited State Aid, inter alia, as securitisation should not be viewed as a business enterprise.
The Issuer may not pledge, transfer, encumber or otherwise create security over some or all its assets, unless permitted by the Securitisation Act.
In 2006 the EU Commission requested information from Luxembourg in respect of the Luxembourg Securitisation Act and the Luxembourg law on investment companies in risk capital (SICAR), as regards the compatibility of these laws with European provisions on State Aid.
In the event that the Luxembourg Securitisation Act would be considered to constitute prohibited State Aid, Luxembourg tax leakage at the level of the Issuer may increase both for the past as for the future.
The Issuer is a special purpose vehicle, whose corporate object is to enter into, perform and serve as an undertaking for, any securitisation transaction as permitted under the Securitisation Act.
The Company may for securitisation purposes and within the limits permitted by the Securitisation Act lend funds including the proceeds of any borrowings and/or issues of securities to its subsidiaries, affiliated companies or to any other company or third person.
The Issuer may, in accordance with article 61 of the Securitisation Act, sell all or part of its assets, in accordance with the conditions as determined by its board of directors.
Issuer: Cartesian Residential Mortgages 3 S.A., a public limited liability company (société anonyme), existing and organised under the laws of the Grand Duchy of Luxembourg, with registered office at ▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, L-2453 Luxembourg, Luxembourg, and registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B224.835, being subject, as an unregulated securitisation undertaking, to the Securitisation Act.
The Issuer is registered with the Luxembourg Register of Commerce and Companies (R.C.S. Luxembourg) under number B224.835 and is subject, as an unregulated securitisation undertaking, to the Securitisation Act.