Examples of Securitisation Law in a sentence
The Company intends to establish several Compartments in accordance with the Securitisation Law and its Articles.
However, the definitions of a “securitisation special purpose entities” under the Luxembourg AIFM Law and “securitisation undertaking” under the Securitisation Law differ.
The Company shall be subject to and governed by the Securitisation Law and the laws in effect and especially by those of 10 August 1915 referring to commercial companies as amended from time to time.
As further described in Note 6, there is no material mismatch between the Company’s financial assets and its financial liabilities.Under the Securitisation Law, the Company is not required to have a specific minimum capital.
The Instruments (which are subject to the provisions of the Securitisation Law) are secured, limited recourse obligations of the Issuer, at all times ranking pari passu and without any preference among themselves and secured in the manner described in Master Condition 5(a) (Transaction Security) and recourse in respect of which is limited in the manner described in Master Conditions 12 (Enforcement of Transaction Security and rights), 13 (Application of proceeds) and 14 (Limited recourse and non-petition).