Xxxxxxx Rule definition

Xxxxxxx Rule means Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder.

Xxxxxxx Rule. Section 13 of the U.S. Bank Holding Company Act of 1956, as amended, and the applicable rules and regulations thereunder.

Xxxxxxx Rule means Section 619 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act together with the regulations adopted to implement such statutory provision.

Examples of Xxxxxxx Rule in a sentence

• The Borrower (i) is not a "covered fund" under regulations adopted to implement section 619 of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act, commonly known as the "Xxxxxxx Rule" and (ii) is not, and after giving effect to the transactions contemplated hereby, will not be required to register as an "investment company" within the meaning of the Investment Company Act.

• In determining that Borrower is not a “covered fund” under the Xxxxxxx Rule, although other exemptions or exclusions under the Investment Company Act may apply, the Borrower relies on, and is entitled to rely on, the exemption from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act and does not rely solely on the exemption from the definition of “investment company” set forth in Section 3(c)(1) and/or 3(c)(7) of the Investment Company Act.

• In determining that Seller is not a “covered fund” under the Xxxxxxx Rule, Seller is entitled to rely on the exemption from the definition of “investment company” set forth in Section 3(c)(5)(A) or (B) of the Investment Company Act.

• In determining that the Borrower is not an "investment company" within the meaning of the Investment Company Act, the Borrower is entitled to either the benefit of the exemption provided under Section 3(c)(5) of the Investment Company Act or the exclusion for loan securitizations in the Xxxxxxx Rule under 17 C.F.R. 75.10(c)(8).

• Opinion of Xxxxxx, Xxxxx & Xxxxxxx LLP, dated the Closing Date, as to certain corporate matters, including an opinion as to the Xxxxxxx Rule.

More Definitions of Xxxxxxx Rule

Xxxxxxx Rule means Section 619 of the Xxxx-Xxxxx Act, together with any implementing regulations.

Xxxxxxx Rule means the common rule entitled “Proprietary Trading and Certain Interests and Relationships with Covered Funds” published at 79 Fed. Reg. 5779 et seq.

Xxxxxxx Rule. Section 619 of the Xxxx-Xxxxx Act, and the applicable rules and regulations thereunder.

Xxxxxxx Rule shall have the meaning specified in Section 3.1(i).

Xxxxxxx Rule has the meaning given to it in Section 4.01(h).

Xxxxxxx Rule means 12 U.S.C. § 1851 and the regulations promulgated by the Federal Reserve Board, the OCC and the SEC in connection therewith.

Xxxxxxx Rule. Section 619 of Xxxx-Xxxxx, together with the interpretations, regulations, rules and pronouncements of any Governmental Authority with respect thereto.