SPE Subsidiary definition
SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.
SPE Subsidiary means a direct or indirect Subsidiary of the Borrower to which any Obligor sells, conveys or otherwise transfers (whether directly or indirectly) Portfolio Investments, which engages in no material activities other than in connection with the purchase, holding, disposition or financing of such assets and which is designated by the Borrower (as provided below) as an SPE Subsidiary:
SPE Subsidiary means a direct or indirect Subsidiary of the Borrower to which any Obligor sells, conveys or otherwise transfers (whether directly or indirectly) Portfolio Investments, which engages in no material activities other than in connection with the purchase or financing of such assets and which is designated by the Borrower (as provided below) as an SPE Subsidiary:
Examples of SPE Subsidiary in a sentence
The Company will cause each of its Subsidiaries (other than any SPE Subsidiary), whether now existing or hereafter formed or acquired, to execute a joinder agreement in the form of Exhibit A to the Limited Guaranty.
More Definitions of SPE Subsidiary
SPE Subsidiary means each of Opportunity Funding SPE II, LLC, Opportunity Funding SPE III, LLC, the Ares Borrower and any other special purpose entity owned, directly or indirectly, by the Company and established in connection with a financing or securitization transaction.
SPE Subsidiary means a special purpose Subsidiary of the Borrower established solely for the purpose of owning a parcel of real property for permanent financing purposes.
SPE Subsidiary means an SBIC Subsidiary or a direct or indirect Subsidiary of the Borrower with respect to which (other than pursuant to Standard Securitization Undertakings):
SPE Subsidiary means a special purpose entity that is a Wholly Owned Subsidiary of the Borrower, created for the sole purpose of, and whose only business shall be, acquisition of Investment Loans pursuant to a Permitted Securitization Transaction and those activities incidental to the Permitted Securitization Transaction.
SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions. “Standard & Poor’s” shall mean Standard & Poor’s, a division of the McGraw-Hill Companies.
SPE Subsidiary means any direct or indirect Subsidiary of the Company to which an Obligor sells, conveys or otherwise transfers (whether directly or indirectly) Portfolio Investments, and which engages in no material activities other than in connection with the purchase or financing of such assets and other Portfolio Investments and which is designated by the Company as an SPE Subsidiary, so long as:
SPE Subsidiary means any Subsidiary of the Borrower that (a) (i) is a bankruptcy remote or other special purpose Subsidiary which engages in no material business other than owning Non-Recourse Assets, pledging or transferring interests in such Non-Recourse Assets and/or issuing or incurring Non-Recourse Indebtedness or (ii) has no material assets other than Equity Interests of one or more Subsidiaries described in clause (i) and (b) is prohibited or restricted by organizational or governing documents from guaranteeing the Indebtedness of the Borrower hereunder.