FCT Regulations definition

FCT Regulations means the regulations governing the FCT entered into on 21 May 2014 between the FCT Management Company and the FCT Custodian in accordance with Articles L.214-167 to L.214-189 and Articles R.214-217 to R.214-232-I of the French Code monétaire et financier as amended and supplemented from time to time.

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Examples of FCT Regulations in a sentence

In accordance with Article L.▇▇▇-▇▇-▇▇ of the French Monetary and Financial Code and the FCT Regulations, the FCT shall be dissolved under the conditions set out in Clause 18.1, by the Management Company in accordance with the FCT Regulations.
For the avoidance of doubt, and notwithstanding any provisions of the Original FCT regulations to the contrary, each of the Class A Notes Subscriber and of the Class B Notes Subscriber hereby expressly waives the three (3)- Business-Day-delay referred to in sub-paragraph (v) of paragraph (a) of clause 19 (Amendments to the FCT Regulations - Consultation of the Residual Unitholders and the Noteholders) of the Original FCT Regulations.
The Management Company is responsible for the management and the operation of the FCT in accordance with all 1 Note to draft : Reference to 2022 Closing Date to be added if the 2022 Closing Date does not fall on an Issue Date applicable laws and regulations and with the terms of these FCT Regulations.
The Management Company and the Custodian hereby agree that with effect on the 2022 Amendment Effective Date, the Custodian shall cease to be a party to the FCT Regulations, the Servicing Agreement, the Master Receivables Purchase Agreement, the Paying Agency Agreement, the Class B Loan Agreement, the General Reserve Agreement and the FCT Account and Cash Management Agreement.
Any reference to the FCT Regulations in any Transaction Document shall be construed as a reference to the Amended and Restated FCT Regulations.
The Management Company and the Custodian jointly established a fonds commun de titrisation named "Cars Alliance DFP Germany 2017" (the FCT) governed by the provisions of articles L.214- 168 to L.214-190 and articles R.214-217 to R.214-240 of the Code and these FCT regulations (the FCT Regulations).
In these FCT Regulations, the Recitals and the Schedules hereto, except as so far as the context otherwise requires and except as set out below, capitalised words and expressions shall have the same meanings as set out in the master definitions agreement dated on or about the Signing Date, between, inter alios, the parties to this Agreement as amended, supplemented or restated from time to time, as the case may be (the Master Definitions Agreement).
These FCT Regulations shall be construed in accordance with the principles of construction set out in clause 2 (Interpretation) of the Master Definitions Agreement.
The French Seller hereby acknowledges that, pursuant to the FCT Regulations, any amount due and payable from time to time to it shall be paid by the Management Company in accordance with the FCT Order of Priority of Payments set out in Clause 15 (Payment and Allocations) of the FCT Regulations subject to a copy of the FCT Regulations being delivered to the French Seller.
According to the Original Master Definitions Agreement and the Original FCT Regulations, the next Monthly Payment Date after the date of this Agreement should fall on 25 April 2016.

More Definitions of FCT Regulations

FCT Regulations means the regulations executed on or before the Signing Date between the Management Company and the Custodian, under which the Management Company and the Custodian have agreed to create the FCT and which relate to the creation and operation of the FCT; FCT Statutory Auditor means Mazars S.A..

FCT Regulations means the regulations governing the FCT initially entered into between the FCT Management Company and BNP Paribas S.A. (in its capacity as initial custodian of the FCT) on 10 June 2008 in accordance with Articles L. 214-24, I.- and II.-, L.▇▇▇-▇▇▇-▇ to L. 214-175, L.▇▇▇-▇▇▇-▇ to L.▇▇▇-▇▇▇-▇, L. 214-180 to L. 214-186, L. 231-7 and R.214-217 to D.214-240 of the French Code monétaire et financier as amended and/or supplemented from time to time, including as amended and restated on or about the Effective Time, and as from the Effective Time, the custodian shall be BNP Paribas Securities Services. “FCT Residual Units” mean one hundred (100) residual units issued by the FCT on 24 July 2008 which are held as follows on the Signing Date: ninety-nine (99) by the Issuer and one (1) by Hertz Holdings Netherlands B.V. “FCT Servicer” means the French Lender or such subsequent servicer which may be appointed as servicer of the FCT by the FCT Management Company pursuant to the relevant terms of the FCT Transfer and Servicing Agreement. “FCT Statutory Auditor” means Deloitte, in its capacity as statutory auditor of the FCT pursuant to the FCT Regulations or, as the case may be, any other institution which would be subsequently appointed as statutory auditor in accordance with the terms of the FCT Regulations. “FCT Transfer and Servicing Agreement” means the transfer and servicing agreement entered into between the FCT Management Company, the French Security Trustee, the FCT Custodian and the FCT Servicer on or about the Signing Date as amended and/or supplemented from time to time. “FCT Transfer Deed” means the transfer deed (acte de cession de créances) in the form of the schedule to the FCT Transfer and Servicing Agreement, to be delivered on the Closing Date by the French Lender to the FCT Management Company, acting in the name and on behalf of the FCT in accordance with the relevant provisions of the FCT Transfer and Servicing Agreement. “French AAA Component” means each of:

FCT Regulations means the constitutive document of the FCT setting out its objects and how it is to operate.