Qualifying SPE definition
Examples of Qualifying SPE in a sentence
Notwithstanding the foregoing, the provisions in Section 3.10(b) shall not be amended, changed, altered or repeated so as to permit the Owner Trustee to change the permitted activities of the Trust set forth in Section II.3 of the Trust Agreement in a manner that would cause the Trust to cease to qualify as a "Qualifying SPE" under FAS 140 or any successor accounting standard thereto.
Notwithstanding the foregoing, the provisions in this Section 3.10(b) shall not be amended, changed, altered or repeated so as to permit the Issuer to change the permitted activities of the Issuer set forth in Section 2.3 of the Trust Agreement in a manner that would cause the Issuer to cease to qualify as a "Qualifying SPE" under FAS 140 or any successor accounting standard thereto.