Examples of Special Purpose Vehicle in a sentence
Where the Bidder is a single entity or a Consortium, it shall be required to form an appropriate Special Purpose Vehicle, incorporated under the Indian Companies Act 1956 (the “ SPV”), to execute the Agreement and implement the Project.
In the GSI sukuk transaction, GSCL, a Special Purpose Vehicle (SPV) issued sukuk certificates to investors to purchase Shari’ah-compliant metals and then12 Islamic Fiqh Academy Resolution 179 (19/5) available in original Arabic and English translation from the International Shari’ah Research Academy for Islamic Finance (ISRA): http://bit.ly/1bI8hM8 13 Mohammed Khnifer.
In case of our selection as the Successful bidder under the scheme and the project being executed by a Special Purpose Vehicle (SPV) incorporated by us which shall be our 100% subsidiary, we shall infuse necessary equity to the requirements of RfS.
As a Special Purpose Vehicle (SPV) the governance structure of the Company is such that the key policies have been predetermined at the time of issuance.
The bidder being a Joint Venture/ Special Purpose Vehicle/ Consortium should have minimum net worth of INR 4,00,00,000/-(Rupees Four Crores only) in the latest Financial Year at group level.