Securitisation Notes definition

Securitisation Notes means notes issued by one or more special purpose companies or funds (the "Issuer") structured by or on behalf of Greece or the Greek privatisation agency (the "Hellenic Republic Asset Development Fund", or "HRADF") or any successor or replacement body and (i) which hold shares in state owned companies which will be privatised by way of initial public offerings, private sales of shares or private sales of assets, or (ii) which hold land and buildings, natural gas storage rights, economic rights, voting rights or other assets or rights which will be privatised by way of sale, or (iii) which hold the right to the receipts or the proceeds of privatisation transactions which rights have been assigned, transferred or pledged to such company by Greece or by HRADF (or any successor or replacement thereof) (the "Securitised Assets"), provided that EFSF is satisfied that (a) the Issuer is compliant with rating agency criteria for bankruptcy-remoteness of a structured finance note issuer and has full and unencumbered legal and beneficial title to the Securitised Assets, (b) the notes have a minimum rating acceptable to EFSF from at least two (2) of S&P, Xxxxx'x and/or Fitch, (c) the notes are first ranking as to payment both of interest and of principal and (d) the coupon on the notes is at least equal to the Interest Rate on the DBB Instalment and provided that EFSF is supplied with such information or legal opinions it may reasonably request in order for it to make an assessment of any Securitisation Notes." and
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Examples of Securitisation Notes in a sentence

  • No assurance can be provided that the transaction described in this Prospectus will be designated as an STS Securitisation under the Securitisation Regulation at any point in the future and the Issuer cannot asses and has not assessed whether or not the Notes issued by it will qualify as STS Securitisation Notes.

  • As security for the payment of its obligations in respect of the Securitisation Notes, the SPV has granted security over all of its assets including all of its rights in the Securitised Assets and the SPV Accounts (as defined below).

  • The SPV has no business operations or significant assets or sources of income other than the cash flows of the Securitisation Facility and as such the ability of the SPV to make any payments to the holders of the Securitisation Notes will be dependent upon payments the SPV receives from the Securitised Assets.

  • The final legal maturity date of the Securitisation Notes falls in September 2018.

  • For the purposes of the foregoing sections, the Outstanding Principal of the Securitisation Notes on the date of the Early Liquidation of the Fund will be understood as a payment obligation derived from the Notes plus the accrued interest outstanding as of that date, less any tax retention, which shall for all legal purposes be considered due and payable on that date.

  • Once the CNMV has registered this Prospectus and before the Note Subscription Period, the Fund Manager, together with Banco Pastor, shall proceed to grant the public deed of formation of GC FTPYME PASTOR 2, Asset Securitisation Fund, assignment of the loans and issue of the Securitisation Notes (hereinafter, “Deeds of Formation” or “Deed of Fund Formation”), in the terms set forth in Royal Decree 926/1998.

  • Liabilities: (i) The face value of the Securitisation Notes issued; (ii) The amount of the Subordinate Loan and the amount of the Participative Loan.

  • Liabilities: (i) The Outstanding Principal Balance of the Securitisation Notes; (ii) The unpaid balances of the Subordinate Loan and the Participative Loan; (iii) Outstanding principal, interests, commissions and miscellaneous expenses.

  • The AEWT is funded by Securitisation Notes of which 70% were initially held by MBL as the lender to the AEWT (Warehouse Lender) and 30% by ACN Co. Following our appointment, on 17 May 2019 MBL sold its debt to Deutsche Bank AG (DB).

  • The AEWT is funded by Securitisation Notes of which 70% were initially held by MBL as the Warehouse Lender to the AEWT (Warehouse Lender) and 30% by ACN Co. The balances outstanding under the SWF Agreement as at March 2019 are shown in the table above.

Related to Securitisation Notes

  • 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 position means an exposure to a securitisation;

  • Lead Securitization Note means the Note included in the Lead Securitization.

  • Lead Securitization Note Holder means the holder of the Lead Securitization Note.

  • Lead Securitization Noteholder means the holder of the Lead Securitization Note.

  • Non-Lead Securitization Note means any Note other than the Lead Securitization Note.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Non-Lead Securitization Noteholder herein shall mean the Non-Lead Securitization Subordinate Class Representative under the related Non-Lead Securitization Servicing Agreement, as and to the extent provided in the related Non-Lead Securitization Servicing Agreement and as to the identity of which the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer) has been given written notice. The Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall not be required at any time to deal with more than one party exercising the rights of a “Non-Lead Securitization Noteholder” herein or under the Servicing Agreement and, to the extent that the related Non-Lead Securitization Servicing Agreement assigns such rights to more than one party, for purposes of this Agreement, the Non-Lead Securitization Servicing Agreement shall designate one party to deal with the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) and provide written notice of such designation to the Lead Securitization Noteholder (and the Master Servicer and the Special Servicer acting on its behalf) (such party, the “Non-Lead Securitization Noteholder Representative”); provided that, in the absence of such designation and notice, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be entitled to treat the last party as to which it has received written notice as having been designated as the Non-Lead Securitization Noteholder Representative with respect to such Non-Controlling Note for all purposes of this Agreement. Prior to Securitization of any Non-Lead Securitization Note by the Non-Lead Securitization Noteholder (including any New Notes), all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) only need to be delivered to each Non-Lead Securitization Noteholder Representative and, when so delivered to each Non-Lead Securitization Noteholder Representative, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement. Following Securitization of any Non-Lead Securitization Notes by the Non-Lead Securitization Noteholder, all notices, reports, information or other deliverables required to be delivered to such Non-Lead Securitization Noteholder pursuant to this Agreement or the Servicing Agreement by the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer (who then may forward such items to the party entitled to receive such items as and to the extent provided in the related Non-Lead Securitization Servicing Agreement) and, when so delivered to the related Non-Lead Master Servicer and the related Non-Lead Special Servicer, the Lead Securitization Noteholder (or the Master Servicer or the Special Servicer acting on its behalf) shall be deemed to have satisfied its delivery obligations with respect to such items hereunder or under the Servicing Agreement.

  • High Yield Notes means the Senior Notes and Senior Subordinated Notes.

  • High Yield Securities means debt Securities and Preferred Stock, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) and (c) that are not Cash Equivalents, Mezzanine Investments (described under clause (i) of the definition thereof) or Bank Loans.

  • Non-Lead Securitization Note Holder means any holder of a Non-Lead Securitization Note.

  • Senior Unsecured Notes means $2,000,000,000 in aggregate principal amount of the Borrower’s 9.000% senior notes due 2025 issued pursuant to the Senior Unsecured Notes Indenture on the Closing Date.

  • Anticipation Notes means the following Municipal Bonds: revenue anticipation notes, tax anticipation notes, tax and revenue anticipation notes, grant anticipation notes and bond anticipation notes.

  • Note A-6 Securitization means the first sale by the Note A-6 Holder of all or a portion of Note A-6 to a depositor who will in turn include such portion of Note A-6 as part of the securitization of one or more mortgage loans.

  • MAC Notes The Classes of Modifiable And Combinable STACR® Notes shown on

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Existing Unsecured Notes the Borrower’s 11.5% Senior Notes due 2018, issued pursuant to the Existing Unsecured Indenture, outstanding on the Closing Date or subsequently issued in exchange for or in respect of any such notes.

  • 2011 Notes means those certain notes issued pursuant to the Note Purchase Agreement dated as of March 22, 2011 among the Company and the purchasers named in Schedule A thereto.

  • Note A-7 Securitization means the first sale by the Note A-7 Holder of all or a portion of Note A-7 to a depositor who will in turn include such portion of Note A-7 as part of the securitization of one or more mortgage loans.

  • Convertible Notes has the meaning set forth in the Recitals.

  • Unsecured Notes means the Borrower’s $700,000,000 10.75% Senior Notes due 2023 issued pursuant to the Unsecured Notes Indenture dated as of July 31, 2015.

  • securitisation special purpose entity or ‘SSPE’ means a corporation trust or other entity, other than an institution, organised for carrying out a securitisation or securitisations, the activities of which are limited to those appropriate to accom­ plishing that objective, the structure of which is intended to isolate the obligations of the SSPE from those of the originator institution, and in which the holders of the beneficial interests have the right to pledge or exchange those interests without restriction;

  • Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.

  • Lead Securitization PSA means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 PSA.

  • Lead Securitization Note Holder Representative means the “Directing Certificateholder” or equivalent Person under the Lead Securitization Servicing Agreement.