Special Purpose Vehicle definition

Special Purpose Vehicle means any special purpose funding vehicle identified as such in writing by any Lender to the Administrative Agent.
Special Purpose Vehicle means a legal entity owning, operating and maintaining a generating station and with no other business or activity to be engaged in by the legal entity.”
Special Purpose Vehicle means a Person which is, or was, established: (i) with separate legal identity and limited liability; and (ii) for the sole purpose of a single transaction, or series of related transactions, and which has no assets and liabilities other than those directly acquired or incurred in connection with such transaction(s).

Examples of Special Purpose Vehicle in a sentence

  • Special Purpose Vehicle A separate legal entity jointly controlled by a Group of Economic Operators to provide Services.


More Definitions of Special Purpose Vehicle

Special Purpose Vehicle or “SPV”) in accordance with the terms of RFP and has requested the Authority to accept the SPV as the Developer/ the entity which shall undertake and perform the obligations and exercise the rights of the Successful Bidder under the LOA, including the obligation to enter into this Agreement pursuant to the LOA for implementing the Project.
Special Purpose Vehicle means an ES Special Purpose Vehicle or an RS Special Purpose Vehicle.
Special Purpose Vehicle means a trust, partnership or other special purpose person established by the Borrower and/or its Subsidiaries to implement a Qualified Receivables Transaction.
Special Purpose Vehicle means a company whose only business is to acquire the originator’s immovable properties in Singapore, lease them back to the originator and transfer such properties to the originator upon the maturity of the Islamic debt securities.
Special Purpose Vehicle means any undertaking, whether incor­ porated or not, other than an existing insurance or reinsurance undertaking, which assumes risks from insurance or reinsurance undertakings and which fully funds its exposure to such risks through the proceeds of a debt issuance or any other financing mechanism where the repayment rights of the providers of such debt or financing mechanism are subordinated to the reinsurance obligations of such an undertaking;
Special Purpose Vehicle any special purpose funding vehicle identified as such in writing by any Lender to the Administrative Agent.
Special Purpose Vehicle means a trust, partnership or other special purpose Person established by the Company and/or any of its Restricted Subsidiaries to implement a Qualified Receivables Transaction.