Compartment 2 definition

Compartment 2 means the second Compartment of Driver UK Master S.A. designated to acquire the Purchased Receivables and related collateral from the Seller under the Receivables Purchase Agreement.
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Compartment 2 means the second compartment of the Issuer created in accordance with the Luxembourg law of 22 March 2004.
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Examples of Compartment 2 in a sentence

  • Driver UK Master S.A. has created its Compartment 2 for the purpose of the Transaction.

  • THE SECURITY Security for the obligations of the IssuerThe Issuer, acting for and on behalf of its Compartment 2 has entered into a Trust Agreement, a Deed of Charge and Assignment and an assignation in security, governed by the laws of Germany, England and Scotland, as applicable.

  • The Issuer hereby agrees that the proceeds of the Subordinated Loan shall be used by the Issuer for the purpose of funding the acquisition of the Receivables pursuant to and in accordance with the Transaction Documents to provide credit enhancement for the outstanding Compartment 2 Notes.

  • Compartment 2 From the Recommendations to the Directive 80/778/EEC related to the water quality control at fish processing enterprises.

  • To the extent that the funds in the Accounts and any other assets of the Issuer and the proceeds of the enforcement of the Security allocated to its Compartment 2 are determined by the Security Trustee to be ultimately insufficient to satisfy in full the claims of all Transaction Creditors after exhausting all available remedies, legally and otherwise, any amounts remaining unpaid shall be extinguished and the Issuer shall have no further obligations thereto.

  • The lights shall be located: (1) Ceiling of Compartment #1; (1) in Compartment #2 & (1) in Compartment #3.

  • IMPORTANT PROGRAMME DOCUMENTS AND PROGRAMME FEATURES Expectancy Rights Purchase AgreementPursuant to the provisions of the Expectancy Rights Purchase Agreement entered into between, inter alios, VWL and the Issuer, the Issuer acting with respect to its Compartment 2 has acquired from VWL on the Closing Date the Initial Expectancy Rights.

  • The recourse of the Transaction Creditors under the relevant Transaction Document(s) is limited to the assets allocated to the Compartment 2 of the Issuer.

  • THE SECURITYSecurity for the obligations of the IssuerThe Issuer, acting for and on behalf of its Compartment 2 has entered into a Trust Agreement, a Deed of Charge and Assignment and an assignation in security, governed by the laws of Germany, England and Scotland, as applicable.

  • The Issuer, acting for and on behalf of its Compartment 2 has entered into a Trust Agreement, a Deed of Charge and Assignment and an Assignation in Security.

Related to Compartment 2

  • Compartment means a part of the EU guarantee defined in terms of the origin of the resources backing it;

  • Passenger compartment means the space for occupant accommodation, bounded by the roof, floor, side walls, doors, outside glazing and front bulkhead and the plane of the rear compartment bulkhead or the plane of the rear-seat back support.

  • 100-year floodplain means any area of land that:

  • Uppermost aquifer means the geologic formation nearest the natural ground surface that is an aquifer, as well as lower aquifers that are hydraulically interconnected with this aquifer within the facility's property boundary.

  • Automotive windshield washer fluid means any liquid designed for use in a motor vehicle windshield washer system either as an antifreeze or for the purpose of cleaning, washing, or wetting the windshield. Automotive windshield washer fluid does not include fluids placed by the manufacturer in a new vehicle.

  • Flashpoint means the minimum temperature at which a liquid gives off a vapor in sufficient concentration to ignite when tested as follows:

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.

  • business vertical means a distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods or services which is subject to risks and returns that are different from those of the other business verticals.

  • Bulkhead means an airtight structure separating the working chamber from free air or from another chamber under a lower pressure than the working pressure;

  • 100-year flood means a flood that has a 1-percent or greater chance of recurring in any given year or a flood of a magnitude equalled or exceeded once in 100 years on the average over a significantly long period.

  • Local Number Portability or "LNP" shall have the meaning set forth in Section 10.2.1.1.

  • Local Number Portability (LNP means the ability of users of Telecommunications Services to retain the presence of a previously existing telephone number(s).

  • Rack means a mechanism for delivering motor vehicle fuel or diesel from a refinery or terminal into a truck, trailer, railroad car, or other means of non-bulk transfer.

  • Tomogram means the depiction of the x-ray attenuation properties of a section through the body.

  • Pretreatment coating means a coating which contains no more than 12% solids by weight, and at least 0.5% acid by weight, is used to provide surface etching, and is applied directly to metal surfaces to provide corrosion resistance, adhesion, and ease of stripping.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Stormwater management system means any equipment, plants,

  • fire hydrant means a fire plug or fixed pillar fire hydrant;

  • Front Yard means the yard extending across the full width of the lot between the front lot line and the nearest part of any building or structure on the lot.

  • Wastewater treatment system means any equipment, plants,

  • Backflow means the backflow of water or other liquids, mixtures, or substances into the distribution pipes of a potable water system from any source other than the intended source of the potable water supply.

  • Electric bicycle means a “class 1 electric bicycle”, a “class 2 electric bicycle”, or a “class 3 electric bicycle” as defined in this section. (ORC 4511.01(RRR))

  • Nonambulatory means a person who immediately and without the aid of another is not physically and mentally capable of traveling a normal path to safety, including the ascent and descent of stairs.

  • National Ambient Air Quality Standards or “NAAQS” means national ambient air quality standards that are promulgated pursuant to Section 109 of the Act, 42 U.S.C. § 7409.

  • Multiple Bill/Single Tariff means the billing method used when Switched Exchange Access Services is jointly provided by the Parties. As described in the MECAB document, each Party will render a bill in accordance with its own tariff for that portion of the service it provides. Each Party will bill its own network access service rates.

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).