Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”
Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Transferee.”
Securitization Vehicle means one or more special purpose vehicles that are, directly or indirectly, wholly-owned Subsidiaries of the Company and are Persons organized for the limited purpose of entering into a Securitization Financing by purchasing, or receiving by way of capital contributions, sale or other transfer, assets from the Company and its Subsidiaries and obtaining financing for such assets from third parties, and whose structure is designed to insulate such vehicle from the credit risk of the Company.
Examples of Securitization Vehicle in a sentence
If the Securitization Vehicle is a CDO, then its asset manager is a Permitted Holder not itself a Securitization Vehicle.
More Definitions of Securitization Vehicle
Securitization Vehicle means one or more special purpose vehicles that are, directly or indirectly, wholly-owned Subsidiaries of the Borrower and are Persons organized for the limited purpose of entering into a Permitted Accounts Securitization and whose structure is designed to insulate such vehicle from the credit risk of the Borrower and its other Subsidiaries.
Securitization Vehicle means the issuer of Certificates in a Securitization of the Loan.
Securitization Vehicle means a trust, corporation,
Securitization Vehicle means each REMIC Trust or Grantor Trust into which all or a portion of the Loan or an interest therein has been transferred.
Securitization Vehicle means each REMIC or Grantor Trust into which all or a portion of the Loan has been transferred.
Securitization Vehicle means a Person that is a direct wholly owned Subsidiary of the Borrower or a Subsidiary formed for the purpose of effecting one or more Securitizations to which the Borrower or its Subsidiaries transfer Securitization Assets and which, in connection therewith, issues Third Party Interests or Sellers’ Retained Interests; provided that such Securitization Vehicle shall engage in no business other than the purchase of Securitization Assets pursuant to Securitizations permitted by Section 6.05, the issuance of Third Party Interests or other funding of such Securitizations and any activities reasonably related thereto, and provided further that
Securitization Vehicle has a Required Special Servicer Rating or is otherwise acceptable to the Rating Agencies rating each Securitization (such entity, an “Approved Servicer”) and such Approved Servicer is required to service and administer such Note or any interest therein in accordance with servicing arrangements for the assets held by the Securitization Vehicle which require that such Approved Servicer act in accordance with a servicing standard notwithstanding any contrary direction or instruction from any other Person; or (3) in the case of a Securitization Vehicle that is a CDO, the CDO Asset Manager and, if applicable, each Intervening Trust Vehicle that is not administered and managed by a CDO Asset Manager which is a Qualified Institutional Lender, are each a Qualified Institutional Lender under clauses (i), (ii), (iv) or (v) of this definition, or