Examples of Securitization Vehicle in a sentence
The designation of any Subsidiary (other than a Securitization Vehicle) as an Unrestricted Subsidiary shall constitute an Investment by the applicable Restricted Companies therein at the date of designation in an amount equal to the net book value (or, in the case of any guarantee or similar Investment, the amount) of the Restricted Companies’ Investments therein.
Each Secured Party, the Administrative Agent and the Collateral Agent agree and acknowledge, and shall instruct the Collateral Trustee, that the agent acting on behalf of the holders of securitization indebtedness of the Securitization Vehicle is an express third party beneficiary with respect to this Section 9.20 and such agent shall have the right to enforce compliance by the Secured Parties, the Administrative Agent, the Collateral Agent and the Collateral Trustee with this Section.
For the avoidance of doubt, it is understood and agreed that any Certificate evidencing a beneficial interest in a Securitization Vehicle shall not be deemed a participating interest in the Note(s), and no holder thereof shall be deemed a Participant solely by reason of holding any such Certificates.
The financing function of TrustEE is based on the creation of a TrustEE Securitization Vehicle (TSV) as a Forfaiting Fund.As described in Deliverable 3.6 and Deliverable 4.1, the financing vehicle proposed by TrustEE is not aimed to finance investment in the development, construction, testing and starting up phases of EE/RE projects, but purchases the receivables arising from successfully launched and commissioned projects.
The Securitization Vehicle established by TrustEE acquires the supplier's claims including a certain interest rate on the investment.The end-user continues to pay his monthly installments, but no longer to the supplier but to the Securitization vehicle.