VW Bank definition
Examples of VW Bank in a sentence
However, irrespective of whether there is a conflict of interest, VWFS shall not be responsible for information provided by any of the Managers, the Arranger, the Lead Manager and VW Bank UK.
The indemnification undertaking under Clause 12.1 shall not – unless there is a conflict of interest - include a responsibility for, or any damage, loss or expense arising from, any information relating to or provided by any Manager and/or the Arranger, the Lead Manager or VW Bank UK(in each case acting in such capacity only).
Together with the Transferred Shares, VW AG shall transfer to VWFS Europe the VW Bank PLA and the VW Bank DA.
Apart from that, no specific condition of the Hive-Down Assets, in particular no specific qualities or a specific value of the undertaking of VW Bank, are agreed.
The Lead Manager and VW Bank undertake to jointly identify the target market for the Notes (the "Target Market") which, inter alia, shall specify the type(s) of client for whose needs, characteristics and objectives the Notes is compatible and takes into account the five categories referred to in paragraph 18 of the Guidelines published by the European Securities and Markets Authority (ESMA) on 5 February 2018 (ESMA35-43-620).
VW Bank (or any of its successors within the Volkswagen Group as parent of the Servicer) holds less than 100 per cent.
With the transfer of the rights and obligations under the VW Bank PLA and the VW Bank DA, VWFS Europe shall replace VW AG as the other party to the respective agreement, so that the agreement shall continue to exist between VW Bank as the entity obliged to transfer profits or dependent entity and VWFS Europe as the other party to the agreement as of the Legal Effective Date (as defined in § 4.1 below).