Underlying Entity definition

Underlying Entity means a mutual fund company or a sub-fund of a mutual fund company or a unit trust or a sub-fund of a unit trust or any other collective investment scheme from time to time determined by the Managers to be invested into by the Fund and "Underlying Entities" shall be construed accordingly.

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Underlying Entity means any subsidiary of a Seller joined hereto from time to time or its permitted successors or assigns as approved by Administrative Agent in its sole discretion.

Underlying Entity means a legal entity or undertaking, the Securities of which are the subject of Instalment Receipts offered by Macquarie under this PDS, or any one or more of those entities.

Examples of Underlying Entity in a sentence

• The acquisition of such Contributed REO Property by the applicable Underlying Entity shall result in an applicable change in the value of the Underlying Entity Certificate (as determined in accordance with the definition of Asset Value) and any Purchase Price Increase or Margin Deficit attributed to any change in category shall be paid by the Seller.

• No (i) monetary default, breach or violation exists with respect to any agreement or other document governing or pertaining to such Underlying Entity Certificate, or (ii) event which, with the passage of time or with notice and the expiration of any grace or cure period, would constitute a default, breach or violation of such Underlying Entity Certificate.

• Prior to the occurrence and continuance of an Event of Default, the Seller shall exercise all voting rights with respect to the Purchased Certificates, but subject in all events to the consent rights of Administrative Agent as set forth in each Underlying Entity Agreement.

• No Seller Party shall be an “investment company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act and with respect to each Underlying Entity for specified reasons other than the exemption provided by Section 3(c)(1) or Section 3(c)(7) thereof.

• Each Underlying Entity Certificate constitutes all the issued and outstanding beneficial interests of all classes of the applicable Underlying Entity, as applicable, and such interests are certificated.

More Definitions of Underlying Entity

Underlying Entity means for each Series of Self Funding Instalments the corresponding Underlying Entity referred to in the Summary Table.

Underlying Entity means, with respect to each Applicable Asset, the corporation or limited liability company that issued the shares of capital stock or limited liability company interests constituting such Applicable Asset to Seller.

Underlying Entity means Robeco Structured Finance Reference Entity SPC, an exempted segregated portfolio company incorporated under The Companies Law (Revised) of the Cayman Islands;

Underlying Entity means Robeco Multi Market Reference Entity SPC, an exempted segregated portfolio company incorporated under The Companies Law (Revised) of the Cayman Islands;

Underlying Entity means an investment company or sub-fund of an investment company or unit trust scheme or exchange traded fund or mutual fund or other collective investment scheme from time to time determined by the Managers to be invested into by a Sub-Fund.

Underlying Entity. Any of the Grantor Trust, the Pass-Through Trust or the Titling Trust, or all of them as the context may require.

Underlying Entity means the entity owning the interest in any New Asset, which interest will be subject to a New Contingent Debt Instrument, and its subsidiaries and affiliates.