Italian Securitisation Law definition

Italian Securitisation Law means Italian Law 130 of 30 April 1999, as amended and/or supplemented from time to time.
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Italian Securitisation Law means the Italian Law No. 130 of 30 April 1999 as published in the Italian Official Gazette No. 111 of 14 May 1999 (lxxxx sulla cartolarizzazione dei crediti) and any rules, regulations and guidelines issued by the Bank of Italy or any other public authority and which implement the Italian Securitisation Law, as amended and supplemented from time to time. Italy means the Republic of Italy.
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Examples of Italian Securitisation Law in a sentence

  • In accordance with the Italian Securitisation Law, the assets or cash-flow of a segregated patrimony of the Italian SPV will only be available to satisfy the obligations of the creditors of that segregated patrimony and conversely, those creditors will not have any claim against the assets or cash-flow of the Italian SPV’s other segregated patrimonies.

  • At the time of purchase, Ifitalia sells the entire portfolio of receivables, with recourse, to the vehicle company Tierre Securitization s.r.l. (SPV) based on the Italian Securitisation Law (Law 130/1999).

  • The Italian SPV is subject to the Italian Securitisation Law and all other applicable Italian laws.

  • The Italian SPV was established to undertake securitisation transactions in accordance with the Italian Securitisation Law.

  • The Italian SPV was incorporated in Italy on 28 January 2013 as a special purpose vehicle subject to the provisions of the Italian Securitisation Law and established solely for the purpose of carrying on securitisation activities.

  • The Servicer will also perform verification and monitoring activities regarding the compliance of the activities performed within the purview of the Securitisation with the law and with this Prospectus, also pursuant to section 2, paragraph 6, of the Italian Securitisation Law.

  • In 2019, Law Decree 34/2019 (Decree 34) introduced some changes in the Italian Securitisation Law (Law 130 of 1999) intended to enhance the activity range of securitisation vehicles (SPVs) and overcome some legal rigidities which had made dif- ficult or inefficient either the securitisation of revenues arising from the disposal of real estate or other registered assets.

  • Pursuant to the Italian Securitisation Law the Underlying Claims that have been acquired by the Italian SPV from the proceeds of the issuance of the respective Series of Italian Notes, and any proceeds collected from the relevant Underlying Claims constitute a segregated patrimony of the Italian SPV and the obligations of the Italian SPV to the Issuer in respect of the Series of Italian Notes are secured by the assets of this Italian Notes Segregated Patrimony.

  • Pursuant to the Italian Securitisation Law the Italian Notes will constitute (together with the Underlying Claims and any proceeds collected from the Underlying Claims) a segregated patrimony of the Italian SPV and the obligations of the Italian SPV to the Issuer in respect of the Italian Notes will be secured by the assets of this Italian Notes Segregated Patrimony.

  • Pursuant to the Italian Securitisation Law the Italian Notes constitute (together with the Underlying Claims and any proceeds collected from the Underlying Claims) a segregated patrimony of the Italian SPV and the obligations of the Italian SPV to the Issuer in respect of the Italian Notes are secured by the assets of this Italian Notes Segregated Patrimony.

Related to Italian Securitisation Law

  • securitisation means a transaction or scheme, whereby the credit risk associated with an exposure or pool of exposures is tranched, having both of the following characteristics:

  • EU Securitisation Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of December 12, 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation and amending certain other European Union directives and regulations, as amended and in effect from time to time.

  • Securitisation Regulation means Regulation (EU) 2017/2402 of the European Parliament and of the Council of 12 December 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation, and amending Directives 2009/65/EC, 2009/138/EC and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 648/2012, as such may be amended, supplement or replaced from time to time;

  • securitisation position means an exposure to a securitisation;

  • Cayman Companies Act means the Companies Act (As Revised) of the Cayman Islands.

  • Companies Act means the Companies Act, 2008 (Act No. 71 of 2008);

  • Russian Security means a Security issued by a Russian issuer.

  • Credit Support Pledge Agreement The Credit Support Pledge Agreement, dated as of November 24, 1998, among the Master Servicer, GMAC Mortgage Corporation, Combined Collateral LLC and The First National Bank of Chicago (now known as Bank One, National Association), as custodian.

  • Canadian securities legislation means the securities laws in force in each province and territory of Canada, all regulations, rules, orders and policies made thereunder and all multilateral and national instruments adopted by the Securities Regulatory Authorities in such jurisdictions;

  • the Companies Act means the Companies Act 1981 of Bermuda as may from time to time be amended;

  • Facility Agreement means an agreement or arrangement between a State Party and the Organization relating to a specific facility subject to on-site verification pursuant to Articles IV, V and VI.

  • Securitization Transaction Any transaction involving either (1) a sale or other transfer of some or all of the Mortgage Loans directly or indirectly to an issuing entity in connection with an issuance of publicly offered or privately placed, rated or unrated mortgage-backed securities or (2) an issuance of publicly offered or privately placed, rated or unrated securities, the payments on which are determined primarily by reference to one or more portfolios of residential mortgage loans consisting, in whole or in part, of some or all of the Mortgage Loans.

  • Australian Consumer Law means the Australian Consumer Law set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary of the Borrower that are customary in a Securitization Financing.

  • German Security means the assets which are the subject of a security document which is governed by German law.

  • Escrow Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent in respect of a first priority pledge over the Escrow Account and all funds held on the Escrow Account from time to time, granted in favour of the Noteholders.

  • Dutch law means the law directly applicable in the Netherlands.

  • Australian Corporations Act means the Corporations Xxx 0000 (Cth) of Australia.

  • Bareboat Charter means the bareboat charter agreement to be executed by the Effective Date by the Borrower as owner and the Charterer as bareboat charterer.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking or assets of the Issuer are transferred to a successor entity which assumes all the obligations of the Issuer under the Capital Securities.

  • the Scottish Infected Blood Support Scheme means the scheme of that name administered by the Common Services Agency (constituted under section 10 of the National Health Service (Scotland) Act 1978(b));

  • Transit-oriented development means infrastructure improvements that are located within 1/2 mile of a transit station or transit-oriented facility that promotes transit ridership or passenger rail use as determined by the board and approved by the municipality in which it is located.

  • Local public procurement unit means any political subdivision or unit thereof which expends public funds for the procurement of supplies, services, or construction.

  • Special purpose spray adhesive means an aerosol adhesive that meets any of the following definitions:

  • Transaction Security Documents means each of the documents listed as being a Transaction Security Document in paragraph 2(e) of Part I of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement and any document required to be delivered to the Administrative Agent under paragraph 3(d) of Part II of Schedule 2 (Conditions Precedent) of the 2009 Financing Agreement together with any other document entered into by any Obligor creating or expressed to create any Security over all or any part of its assets in respect of the obligations of any of the Obligors under any of the Finance Documents (and any other Debt Documents).