Securitization SPV definition

Securitization SPV means any trust, partnership or other Person established by any Borrower or a Subsidiary of such Borrower to implement a Permitted Securitization.

Securitization SPV means each Person that is a special purpose vehicle (whether a limited liability company, corporation, trust or other entity) that is utilized in Securitization Transactions involving assets of any of the Company or its Subsidiaries.

Securitization SPV means Medco Health Receivables, LLC, a bankruptcy-remote Subsidiary of the Borrower established pursuant to the Securitization or any other Subsidiary designated as the Securitization SPV for the purposes of the Securitization Documents.

Examples of Securitization SPV in a sentence

• A further variant of this structure is used in credit card securitizations, where the receivables from credit card use are continually transferred to a master trust, and are purchased from there by securitization SPVs. As the relevant receivables repay, the Securitization SPV will then purchase new receivables from the Master Trust and the Master Trust will have funds available to purchase newly created receivables.

• The Collection Account Agent shall be entitled to rely and act upon any written instructions received by the Collection Account Agent from the Required Parties, even if such instructions shall be contrary to any instructions received by the Collection Account Agent from any of the Company, the Receivables Facility SPV or any Securitization SPV.

• The Company and each Securitization SPV further agrees that it will not include any Receivables in calculating the amount of the Joined Party Transaction Collateral sold or to be sold under the related Joined Party Transaction Documents.

• The Company agrees to render statements to each Administrative Agent and each Securitization SPV upon the reasonable request of such Person, which statements shall identify in reasonable detail the application of all Items Collateral and amounts from time to time deposited in the Collection Accounts (including, without limitation, Collections and Proceeds) as provided in this Agreement.

• Each of the Administrative Agents has entered into this Agreement and its agreements with the Company and the Receivables Facility SPV or its Securitization SPV, as applicable, based upon its own independent investigations.

More Definitions of Securitization SPV

Securitization SPV means Medco Health Receivables, LLC, a bankruptcy-remote Subsidiary of the Borrower established pursuant to the Securitization.

Securitization SPV means, with respect to any Person, a trust, bankruptcy remote entity or other special purpose entity which is a Subsidiary of such Person (or, if not a Subsidiary, the common equity of which is wholly owned, directly or indirectly, by such Person) and which is formed for the purpose of, and engages in no material business other than, acting as an issuer or a depositor under a Securitization Facility or as an intermediate transferee and transferor under a Securitization Facility (and, in connection therewith, in either case, owning property or assets and pledging or transferring any interests therein).

Securitization SPV means a trust, bankruptcy remote entity or other special purpose entity which is a Subsidiary (or, if not a Subsidiary, the common equity of which is wholly owned, directly or indirectly, by the Borrower) and which is formed for the purpose of, and engages in no material business other than, acting as an issuer or a depositor under a Securitization Program or as an intermediate transferee and transferor under a Securitization Program (and, in connection therewith, in either case, owning Receivables Assets and pledging or transferring any interests therein).

Securitization SPV means the issuer or borrower of indebtedness secured by Customer Charges identified as Joined Party Transaction Collateral.

Securitization SPV means a Subsidiary of the Borrower which is a ------------------ bankruptcy-remote special purpose entity formed for the sole purpose of securitizing, or facilitating the securitizing of, consumer and/or commercial loans, receivables or other financial assets of the Borrower and its other Subsidiaries, so long as (i) such entity does not itself originate consumer or commercial loans, receivables or other financial assets, and, if it acquires such assets, it acquires such assets from the Borrower and its other Subsidiaries and (ii) such entity does not make or suffer to exist any Contingent Obligation. 57

Securitization SPV means a Subsidiary (which, for the purposes of this definition only, shall include any corporation, partnership or other entity which issues Asset-Backed Securities of which more than fifty percent (50%) of the outstanding capital stock or other ownership interest of such corporation, partnership or other entity is owned or controlled by the Borrower or any of its Subsidiaries) of the Borrower which is a bankruptcy-remote special purpose entity formed for the sole purpose of securitizing Receivables and other financial assets of the Borrower and its other Subsidiaries and matters incidental thereto (including

Securitization SPV means a Subsidiary of the Borrower which is a ------------------ bankruptcy-remote special purpose entity formed for the sole purpose of securitizing consumer loans and other receivables of the Borrower and its other Subsidiaries, so long as (i) such entity does not itself originate consumer loans, receivables or other financial assets, but rather acquires such assets from the Borrower and its other Subsidiaries and (ii) such entity does not make or suffer to exist any Contingent Obligation.