Structured Financing definition

Structured Financing. Indebtedness (including any Sale/Leaseback Transaction) issued or incurred by any Structured Financing Subsidiary.

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Structured Financing means a financing arrangement whereby (a) the obligor is a Special Purpose Entity, (b) PMC has no obligation to pay the indebtedness or any other obligations arising thereunder, and (c) the obligees thereunder have no recourse against any of the Companies (other than the Special Purpose Entity involved in the financing) or their assets.

Structured Financing means a financing arrangement whereby (a) the obligor is a Special Purpose Entity, (b) no Company (other than such Special Purpose Entity) has any obligation to pay the indebtedness or any other obligations arising thereunder, and (c) the obligees thereunder have no recourse against any of the Companies (other than the Special Purpose Entity involved in the financing) or their assets.

Examples of Structured Financing in a sentence

• No Covered Group Member nor any Structured Financing Subsidiary shall create, incur, assume or suffer to exist any Indebtedness except Permitted Indebtedness.

• No North American Group Member nor any Structured Financing Subsidiary shall create, incur, assume or suffer to exist any Indebtedness except Permitted Indebtedness.

• None of the Borrower, any Covered Group Member nor any Structured Financing Subsidiary will, create, incur, assume or suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except Permitted Liens.

• None of the Issuer, any Covered Group Member nor any Structured Financing Subsidiary will, create, incur, assume or suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except Permitted Liens.

• None of the Borrower, any U.S. Subsidiary, nor any Structured Financing Subsidiary (other than any other Excluded Subsidiary) will, create, incur, assume or suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except Permitted Liens.

• No North American Group Member nor any Structured Financing Subsidiary that is a Domestic Subsidiary shall create, incur, assume or suffer to exist any Indebtedness except Permitted Indebtedness.

• After the date of this Agreement, enter into any agreement to guarantee or otherwise become contingently liable for, or permit any of its Subsidiaries to guarantee or otherwise become contingently liable for, Debt or any other obligation of any WCG Subsidiary or to otherwise insure a WCG Subsidiary against loss; provided that the Borrower or a Subsidiary of the Borrower may be contingently liable with respect to the indebtedness or return on and of equity incurred pursuant to the WCG Structured Financing.

• This opinion should be interpreted in accordance with the Special Report by the TriBar Opinion Committee, Opinions in the Bankruptcy Context: Rating Agency, Structured Financing, and Chapter 11 Transactions, 46 Bus.

• None of the Issuer, any U.S. Subsidiary, nor any Structured Financing Subsidiary (other than any other Excluded Subsidiary) will, create, incur, assume or suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except Permitted Liens.

• The aggregate amount of all Hedging Transactions shall have an aggregate notional amount at least equal to the Net Investment; provided, however, such notional amount shall not be required to exceed the Facility Amount; provided, further, such required amount may be reduced, for the period of time between the pricing and the funding of a Structured Financing, by the aggregate Outstanding Balance of the Receivables to be released in such Structured Financing, or as otherwise consented to by the Insurer.

More Definitions of Structured Financing

Structured Financing means a Permitted Financial Asset Sale or a Nonrecourse SPE Financing.

Structured Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, contribute, convey, assign or otherwise transfer Qualified Assets to (a) a Structured Financing Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries), and (b) any other Person (in the case of a transfer by a Structured Financing Subsidiary), which in either case, may include a backup or precautionary grant of security interest in such Qualified Assets so sold, contributed, conveyed, assigned or otherwise transferred.

Structured Financing any release of Receivables to the Borrower pursuant to Section 2.05 being effected in connection with an underwritten transaction (i) in which an underwriter agrees to purchase the related securities pursuant to an underwriting agreement and (ii) for which the closing date of such transaction is within 10 Business Days of the date of pricing and within the requirements of the Securities and Exchange Commission or (b) a securitization transaction in which Special Purpose Accounts Receivable Cooperative Corporation, a special purpose commercial paper conduit sponsored by CIBC, has agreed to in writing a price for which it will purchase asset-backed securities from the UACSC 1999 Master Owner Trust, subject to conditions customarily contained in an underwriting agreement and subject to such transaction closing within 5 Business Days of the date the purchase price was established.