Pool Financing definition

Pool Financing means a financing arrangement entered into by a Pool Operator, as agent for the applicable Shipping Pool, on behalf of the members or participants therein with a third-party lender, which financing is secured by the Pool Financing Receivables of the Vessels in such Shipping Pool.
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Examples of Pool Financing in a sentence

  • Keep proper books of record and account in which full, true and correct entries in conformity with GAAP and all Legal Requirements are made of all dealings and transactions in relation to its business and activities (including accurate and complete records of its Pool Financing Receivables and all payments and collection thereon).

  • The Directors consider that the Framework Agreement, the Pool Financing Agreement, the Factoring Agreement and the Supplemental Factoring Agreement were entered into on normal commercial terms and in the ordinary and usual course of business of the Group.

  • Delegated Underwriting and Servicingalso known as DUS®, is the primary platform through which Fannie Mae provides liquidity to the multifamily market.Within the DUS program guide, there is a dedicated underwriting and servicing standard for small loans.2. Pool Financing: Fannie Mae purchases pools of seasoned, multifamily loans from DUS and non-DUS financial institutions that originate and hold these loans ontheir books.

  • Explanation Of Pool Financing Bilkey shared that the original Goeres pool fund (100K) was set aside as an additional funding source (interest only).

  • Three Models for Capturing Fixed Pool Financing Efficiencies* *Notes: Initial sale price, revenue opportunity after initial sale, and more efficient financing available on fixed pool assume all other factors are held constant and are based on our understanding of typical patterns in the industry.

  • It refers to a mode of financing where Party A handles the financing business for Party B within the Asset Pool Financing Credit Line.

  • Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Stock Purchase Agreement shall, after this Amendment becomes effective, refer to the Stock Purchase Agreement as amended hereby.

  • When the group (which refers to Party B and its member companies, the same below) conducts the Asset Pool Financing business with Party A, the sum of the Asset Pool Financing Credit Line of Party B and all its member companies shall be the group's Asset Pool Financing Credit Line.

  • Under any of the following circumstances, all financing debts of Party B under the Asset Pool shall be deemed due in advance, and Party A has the right to terminate the Asset Pool Financing business with Party B immediately on the date on which it discovers such circumstance.

  • The Company holds a 100% of the capital stock in Pool Acquisition Netherlands B.V. (in liquidation), which holds 100% of the capital stock in Sanitec Oy (previously called Pool Acquisition Helsinki Oy) ("SANITEC") and Pool Sub-Financing Helsinki Oy. Pool Sub-Financing Helsinki Oy holds 100% of the capital stock in Pool Financing Helsinki Oy.

Related to Pool Financing

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Qualified Securitization Financing means any Securitization Financing of a Securitization Subsidiary that meets the following conditions: (a) the board of directors of the Company shall have determined in good faith that such Qualified Securitization Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Company and the Securitization Subsidiary, (b) all sales and/or contributions of Securitization Assets and related assets to the Securitization Subsidiary are made at fair market value (as determined in good faith by the Company) and (c) the financing terms, covenants, termination events and other provisions thereof, including any Standard Securitization Undertakings, shall be market terms (as determined in good faith by the Company). The grant of a security interest in any Securitization Assets of the Company or any of the Restricted Subsidiaries (other than a Securitization Subsidiary) to secure Indebtedness under this Agreement prior to engaging in any Securitization Financing shall not be deemed a Qualified Securitization Financing.

  • Debt Facility means any Senior Facility and any Second Priority Debt Facility.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).