501(r) means Section 501(r) of the Internal Revenue Code and the regulations promulgated thereunder.
Institutional Accredited Investor means an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act, who are not also QIBs.
Accredited Investor has the meaning set forth in Regulation D promulgated under the Securities Act.
the International Bureau means the International Bureau of the World Intellectual Property Organization.
State of principal use means the state on whose waters a vessel is used or to be used most during a calendar year.
First Allocation of Principal means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date) over (b) the Pool Balance as of the end of the related Collection Period; provided, however, that the First Allocation of Principal for any Payment Date on and after the Final Scheduled Payment Date for any Class of Class A Notes shall not be less than the amount that is necessary to reduce the Note Balance of that Class of Class A Notes to zero.
Qualified Institutional Buyer means any Person who is a “qualified institutional buyer” within the meaning of such term as set forth in Rule 144A(a)(1) under the Securities Act.
Xxxxxxxx-Xxxxx Act means the Xxxxxxxx-Xxxxx Act of 2002.