Eligible SPV definition

Eligible SPV means a special purpose vehicle that discloses its structure, usage, purpose and performance in its financial statements.
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Eligible SPV means any SPV (a) which is the owner of a Vehicle Fleet, (b) which benefits directly from all Vehicle Manufacturer Purchase Agreements, Vehicle Dealer Purchase Agreements, Vehicle Manufacturer Buy-Back Agreements, Vehicle Dealer Buy-Back Agreements and/or insurance policies relating to such Vehicle Manufacturer Buy-Back Agreements and Vehicle Dealer Buy-Back Agreements, and all Vehicle Manufacturer Guarantees (if any), in each case in respect of its Vehicle Fleet, (c) which has entered into leasing and other related operational agreements with its Related Opco upon terms reasonably satisfactory to the Facility Agent and (d) in respect of which the Co-ordinator has confirmed that satisfactory due diligence has been completed;
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Eligible SPV means a Person that (i) is a Subsidiary of Holdings and (ii) has in its Organizational Documents provisions substantially similar to or having a substantially similar effect as, the provisions set forth on Exhibit A.
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Examples of Eligible SPV in a sentence

  • Following execution of such documentation, pursuant to the terms of the License Agreement, we would ask that the registrations for the Licensed Marks for the Option Countries be transferred to an Eligible SPV.

  • The Parties agree that paragraph (b) of Clause 21 (Acceding Borrowers) shall be amended by the insertion of “and Guarantor” after “had such Eligible SPV been an original Party as a Borrower”.

  • Avis Europe may request that on or following the date of this Agreement an Eligible SPV becomes an Acceding Borrower under the Facility by delivering to the Facility Agent a Borrower Accession Notice subject to the terms and the provisions of paragraph (b) below, together with the documents listed in Part 1 of Schedule 6 (Conditions Precedent) in relation to such Acceding Borrower.


More Definitions of Eligible SPV

Eligible SPV means a single purpose corporate entity organized and existing under the laws of the State of Delaware the sole assets of which shall consist of any and all FCC Licenses necessary for the conduct of the Telecommunications Business of the Parent and its Subsidiaries; provided that (a) such corporate entity shall be a wholly owned subsidiary of the Borrower and shall be a Loan Party for purposes of the Loan Documents, (b) the constituent documents of such corporate entity shall be in customary form and the operations of such corporate entity shall be conducted, in each case so as to avoid substantive consolidation with the bankruptcy estate of the Borrower or any other Loan Party and otherwise in form and substance reasonably satisfactory to the Administrative Agent, (c) the Equity Interests of such corporate entity shall constitute Pledged Equity for purposes of the Collateral Documents, and (d) such corporate entity shall not incur, assume or suffer to exist any Debt (other than pursuant to the Loan Documents).
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Eligible SPV means a project company formed as a special purpose vehicle where the Prospective Bidder or the Qualifying Shareholder holds or held no less than 26% (twenty six percent) shares and the special purpose vehicle is directly rendering or has rendered Hospital Operator services on an Eligible Hospital Operations Project.
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Eligible SPV means (i) each Subsidiary listed on Schedule 1.2 for so long as such Subsidiaries meet the criteria set forth in the subclauses (other than subclause (e)) set forth in clause (ii) of this definition, and (ii) any other special purpose Domestic Subsidiary of the Company that (a) is a borrower under secured Indebtedness incurred from time to time to finance a portfolio of Receivables originated by the Company or the Receivables Account Bank, (b) is not subject to a breach or default if the effect of such breach or default is to cause, or to permit the holders of the secured Indebtedness to cause that secured Indebtedness to become or be declared due and payable prior to its stated maturity, in each case beyond the applicable grace period, (c) is not in a state of early or rapid amortization or acceleration of any Indebtedness, (d) in connection with secured Indebtedness, the Company has not been removed from its capacity as “servicer” and replaced with a third-party successor servicer, (e) with respect to any special purpose Domestic Subsidiary of the Company not in existence as of the Closing Date, the Administrative Agent has approved the designation of such special purpose Subsidiary as an Eligible SPV, with such approval not to be unreasonably withheld, delayed or conditioned and (f) the inclusion of which as Collateral would not result in a violation of any applicable regulatory risk retention requirements. Any Subsidiary set forth in the foregoing clause (i) or (ii) shall only be an Eligible SPV for so long as the pledge of such Subsidiary’s Capital Stock to the Collateral Agent is perfected and such pledge is not prohibited by any applicable Requirement of Law or such Person’s organizational documents or other contractual obligations and such pledge does not require any third-party consent that has not been obtained.
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Related to Eligible SPV

  • Eligible student means a student who is eighteen years or older.

  • Eligible Survivor means the Insured Employee's:

  • Eligible Services means only those services detailed in the sub-section titled Eligible Services.

  • Eligible State means, with respect to the Titling Trust, any State in which the Titling Trust is, if and to the extent required by Applicable Law, qualified, authorized and licensed to hold title or other evidence of the interest in leased vehicles.

  • Eligible Shares has the meaning set forth in Section 4.1(a).

  • Eligible Subsidiary means each Subsidiary of the Parent set forth on Exhibit A hereto, as the same may be updated from time to time with Laurus’ written consent.

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]

  • Eligible school means an independent school including those religious in nature, other than a public school, at which the compulsory attendance requirements of Section 59-65-10 may be met, that:

  • Eligible Servicer means a Person which, at the time of its appointment as Servicer, (i) has a net worth of not less than $50,000,000, (ii) is servicing a portfolio of motor vehicle retail installment sale contracts and/or motor vehicle loans, (iii) is legally qualified, and has the capacity, to service the Receivables, (iv) has demonstrated the ability to service a portfolio of motor vehicle retail installment sale contracts and/or motor vehicle loans similar to the Receivables professionally and competently in accordance with standards of skill and care that are consistent with prudent industry standards and (v) is qualified and entitled to use pursuant to a license or other written agreement, and agrees to maintain the confidentiality of, the software which the Servicer uses in connection with performing its duties and responsibilities under the Sale and Servicing Agreement or obtains rights to use, or develops at its own expense, software which is adequate to perform its duties and responsibilities under the Sale and Servicing Agreement.

  • Eligible Security means a security that:

  • Eligible group means two or more persons who are engaged in a

  • Eligible Shareholder means an existing or new investor of the Company that is eligible at the ACD’s discretion to invest in the Class X Shares upon entering into an agreement with the ACD and fulfilling the eligibility conditions set by the ACD from time to time.

  • Eligible Senior Debt means, at any time in respect of any issuer, each series of outstanding unsecured long-term indebtedness for money borrowed of such issuer that (a) upon a bankruptcy, liquidation, dissolution or winding up of the issuer, ranks most senior among the issuer’s then outstanding classes of unsecured indebtedness for money borrowed, (b) is then assigned a rating by at least one NRSRO (provided that this clause (b) shall apply on a Redesignation Date only if on such date the issuer has outstanding senior long-term indebtedness for money borrowed that satisfies the requirements of clauses (a), (c) and (d) that is then assigned a rating by at least one NRSRO), (c) has an outstanding principal amount of not less than $100,000,000, and (d) was issued through or with the assistance of a commercial or investment banking firm or firms acting as underwriters, initial purchasers or placement or distribution agents. For purposes of this definition as applied to securities with a CUSIP number, each issuance of long-term indebtedness for money borrowed that has (or, if such indebtedness is held by a trust or other intermediate entity established directly or indirectly by the issuer, the securities of such intermediate entity that have) a separate CUSIP number shall be deemed to be a series of the issuer’s long-term indebtedness for money borrowed that is separate from each other series of such indebtedness.

  • Eligible Vehicle means a motor vehicle that:

  • Eligible Stockholder means a person who has either (1) been a record holder of the shares of common stock of the Corporation used to satisfy the eligibility requirements in Section 3.2(d) continuously for the required three-year period or (2) provides to the Secretary of the Corporation, within the time period referred to in Section 3.2(e), evidence of continuous Ownership of such shares for such three-year period from one or more securities intermediaries.

  • Eligible child means the children of:

  • Eligible Securities means those securities which are identified as permissible securities for a particular Transaction Category.

  • Eligible veteran means an individual who is certified by the Wisconsin Department of Veterans Affairs as meeting all of the following conditions:

  • Eligible Ground Lease means a ground lease that (a) has a minimum remaining term of twenty-five (25) years, including tenant controlled options, as of any date of determination, (b) has customary notice rights, default cure rights, bankruptcy new lease rights and other customary provisions for the benefit of a leasehold mortgagee or has equivalent protection for a leasehold permanent mortgagee by a subordination to such leasehold permanent mortgagee of the landlord’s fee interest, and (c) is otherwise acceptable for non-recourse leasehold mortgage financing under customary prudent lending requirements. The Eligible Ground Leases as of the date of this Credit Agreement are listed on Schedule EG.

  • Eligible Transaction means any transaction,—

  • Substitute employee is a person hired to perform the duties of a position in the temporary absence of the employee who is regularly assigned to that position.

  • Eligible school district means a school district that:

  • Eligible Unit means, as of the time any Liquidating Gain is available to be allocated to an LTIP Unit or a Performance Unit, an LTIP Unit or Performance Unit to the extent, since the date of issuance of such LTIP Unit or Performance Unit, such Liquidating Gain when aggregated with other Liquidating Gains realized since the date of issuance of such LTIP Unit or Performance Unit exceeds Liquidating Losses realized since the date of issuance of such LTIP Unit or Performance Unit, as applicable.

  • Eligible Transferee means and include a commercial bank, financial institution or other "accredited investor" (as defined in Regulation D of the Securities Act).

  • Eligible Transactions means any retail transactions for the purchase of goods and/or services successfully charged to your Principal Credit Card and which are posted on UOB’s systems but excluding the Excluded Transactions (as defined below). For the avoidance of doubt, Eligible Transactions made in foreign currencies will be converted into Singapore dollars based on UOB’s then prevailing exchange rate applicable at the time of exchange. The transaction amount posted in your Principal Credit Card account will be used for the purposes of computing the Qualifying Spend amount for this Promotion.

  • eligible client means a client of a person or company if any of the following apply: