Securitisation Group definition

Securitisation Group means the Borrower and the other Chargors;
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Securitisation Group means the Borrower and each of its direct or indirect subsidiaries.
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Securitisation Group means the First Securitisation Group and the Second Securitisation Group;
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Examples of Securitisation Group in a sentence

  • Following the Restructure, the Banking Group will initially comprise the following business groups:• Banking and Securitisation Group (‘BSG’);• Equity Markets Group (‘EMG’) (except for certain activities);• Financial Services Group (‘FSG’);• Funds Management Group (‘FMG’); • Real Estate Group (‘REG’); and• Treasury and Commodities Group (‘TCG’) (except for certain activities).Upon Restructure, certain activities from EMG and TCG will be transferred to the Non-Banking Group.

  • The Company is also part of a Securitisation Group of companies (“the Securitisation Group”).

  • Deutsche Bank Global Markets Research, European Securitisation Group, London.of bankruptcy remoteness, such as advance funding of protection payment obligation or letters of credit/guarantees of proficient counterparties;(iii) the integration of a first loss position retained by the servicer of the reference portfolio underlying a synthetic CLO serves as an incentive compatibility device in maximising recoveries of defaulted collateral.

  • If this primary financial covenant is not achieved, then this may lead to an Event of Default under the terms of the Secured Notes, which could result in the Security Trustee taking control of the Securitisation Group on behalf of the Secured Note holders.

  • All treatments will be performed under direct supervision of a phytosanitary official or under compliance agreement.

  • Gearing and interest cover As part of the Whole Business Securitisation agreement with our secured creditors, we are required to keep gearing and interest cover within the Securitisation Group within certain limits.

  • A Corporate Family Rating (“CFR”) is assigned by Moody’s and reflects the consolidated rating of the different classes of outstanding external debt obligations issued by the companies within the Securitisation Group.

  • Financial Covenants Net Worth and Debt Service Covenants Under the terms of the Issuer/Borrower Facility Agreement, the Securitisation Group will agree to conduct its future operation and business subject to a net worth covenant and a debt service coverage ratio covenant.

  • There is no good reason for imposing a 20% conversion factor on such facilities under the IRB ap- proach, and the Securitisation Group has offered no grounds for making such a distinction.

  • Where the first loss position(s) are less than the expected losses in the pool, the Securitisation Group might want to consider having the second loss position bear the average risk weight of the adjusted pool – i.e., the pool remaining after removing a notional amount of the highest risk- weighted assets equal to the notional amount of the credit enhancement underlying the second loss position in question.


More Definitions of Securitisation Group

Securitisation Group means the Borrower and each of its direct or indirect subsidiaries;
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Securitisation Group means the securitisation group which, as at the Closing Date, comprises each REF Note Issuer and, where applicable, each General Partner and Limited Partner of such REF Note Issuer, the IHC, the Global Cash Manager and each Global Guarantor;
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Related to Securitisation Group

  • securitisation position means an exposure to a securitisation;

  • 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:

  • Aggregation Group means either a Required Aggregation Group or a Permissive Aggregation Group as hereinafter determined.

  • Structured group means a group that is not randomly formed for the immediate commission of an offence and that does not need to have formally defined roles for its members, continuity of its membership or a developed structure;

  • the Group means the Company and its subsidiary undertakings (if any); and

  • Risk retention group means any corporation or other limited liability association:

  • Required Aggregation Group means: (i) each qualified plan of the Employer in which at least one Key Employee participates at any time during the Determination Period; and (ii) any other qualified plan of the Employer which enables a plan described in clause (i) to meet the requirements of Code Section 401(a)(4) or of Code Section 410.

  • MNE Group means any Group that (i) includes two or more enterprises the tax residences of which are in different jurisdictions, or includes an enterprise that is resident for tax purposes in one jurisdiction and is subject to tax with respect to the business carried out through a permanent establishment in another jurisdiction, and (ii) is not an Excluded MNE Group;

  • 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 special purpose entity or ‘SSPE’ means a corporation trust or other entity, other than an institution, organised for carrying out a securitisation or securitisations, the activities of which are limited to those appropriate to accom­ plishing that objective, the structure of which is intended to isolate the obligations of the SSPE from those of the originator institution, and in which the holders of the beneficial interests have the right to pledge or exchange those interests without restriction;

  • Securitization means one or more sales by a Note Holder of all or a portion of such Note to a depositor, who will in turn include such portion of such Note as part of a securitization of one or more mortgage loans.

  • Securitization Trust means a trust formed pursuant to a Securitization pursuant to which one or more of the Notes are held.

  • Permissive Aggregation Group means the Required Aggregation Group of plans plus any other plan or plans of the Employer which, when considered as a group with the Required Aggregation Group, would continue to satisfy the requirements of Code Sections 401(a)(4) and 410.

  • CDO shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • 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.

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • 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.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Group the Company and its subsidiaries

  • Lead Securitization Trust means the Securitization Trust created in connection with the Lead Securitization.

  • Securitization Entity means a Wholly Owned Subsidiary of the Borrower (or another Person in which the Borrower or any Subsidiary of the Borrower makes an Investment and to which the Borrower or any Subsidiary of the Borrower transfers accounts receivable and related assets) which engages in no activities other than in connection with the financing of accounts receivable and which is designated by the Board of Directors of the Borrower (as provided below) as a Securitization Entity (i) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (A) is guaranteed by the Borrower or any Restricted Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); (B) is recourse to or obligates the Borrower or any Restricted Subsidiary of the Borrower in any way other than pursuant to Standard Securitization Undertakings; or (C) subjects any property or asset of the Borrower or any Restricted Subsidiary of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings; (ii) with which neither the Borrower nor any Restricted Subsidiary of the Borrower has any material contract, agreement, arrangement or understanding other than on terms, taken as a whole, no less favorable to the Borrower or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Borrower, other than fees payable in the ordinary course of business in connection with servicing receivables of such entity, standard Securitization Undertakings and other terms, including Purchase Money Notes, typical in Securitization Transactions; and (iii) to which neither the Borrower nor any Restricted Subsidiary of the Borrower has any obligations to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation by the Board of Directors of the Borrower shall be evidenced to the Agent (for distribution to the Lenders) by filing with the Agent a certified copy of the Board Resolution of the Borrower giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions.

  • Lead Securitization PSA means (a) during the period from and after the Note A-2 Securitization Date and prior to the Note A-1 Securitization Date, the Note A-2 PSA and (b) from and after the Note A-1 Securitization Date, the Note A-1 PSA.

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Lead Securitization means, if the First Securitization is the Note A-1 Securitization, such Securitization; provided that, if any other Securitization occurs prior to the Note A-1 Securitization, then the First Securitization shall be the Lead Securitization until such time as the Note A-1 Securitization occurs.