SPV Assets definition
Examples of SPV Assets in a sentence
For the purposes of contributing the Excluded Assets to SPV Assets, these will be valued pursuant to their value in the balance sheet of the contributor.
The data required to be provided for the sub-administrative services set forth on Schedule ▇-▇ and the sub-accounting services set forth on Schedule B-3 is set forth on Schedule C attached hereto, which schedule may be separately amended or supplemented by the parties from time to time.
In the scenario that Olive is a wholly owned subsidiary of HoldCo following the contribution of the Excluded Assets to SPV Assets, its total shareholding will be distributed as dividend in kind, in a process that will make HoldCo the sole shareholder of SPV Assets, which owns the Excluded Assets (except the Excluded Assets that may have been transferred to third parties).
HoldCo will be guarantor of SPV Assets obligations pursuant to the above paragraph.
The management strategy that HoldCo will follow with regard to SPV Assets will consist in transferring Excluded Assets, either individually or jointly, through sale and purchase agreements in order to maximize their value.
Recourse Debt used to finance the purchase or construction of SPV Assets after February 25, 2002 for use in businesses of the types described in Section 10.19; provided that the aggregate principal amount of all such Debt shall not at any time exceed $50,000,000.
The Administrative Agent has an exclusive security interest in the SPV Collection Accounts and the SPV Lock-Boxes and any SPV Assets therein.
SPV Assets will assume all current or future debts and liabilities related to the Excluded Assets.
The Borrower will not at any time permit the aggregate fair market value of all Qualifying SPV Assets at such time to exceed 25% of the fair market value of the Invested Assets of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP as of the end of the preceding calendar year.
That commitment will be carried out, to the extent possible, through the termination of the debt or liability of the contributing companies with third parties and, if not possible, the commitment will be carried out by SPV Assets cumulatively and non-exhaustive effect, with the obligation to hold the contributing companies harmless from any damages that may be suffered in relation to those debts and liabilities.