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SPE definition

SPE means any bankruptcy-remote, special-purpose entity created in connection with the financing of settlement float with respect to customer funds or otherwise.
SPE means a special purpose entity formed and operated for the sole purpose of acting as purchaser and owner of EDUCATION ONE Loans.

Examples of SPE in a sentence

  • The Deputy Assistant Secretary (DAS) for Acquisi- tion and Materiel Management is des- ignated as the Department’s Senior Procurement Executive (SPE).

  • The SPE is authorized to make deter- minations that there is substantial evi- dence that contractors’ requests for ad- xxxxx, partial, or progress payments are based on fraud and may direct that further payments to the contractors be reduced or suspended, as provided in FAR 32.006.

  • The authority to prescribe proce- dures in FAR 7.103 is delegated to the SPE and is further delegated to the DSPE.

  • Authority to authorize class devi- ations from the FAR and VAAR is dele- gated to the SPE and is further dele- gated to the DSPE.

  • Authority to make the determina- tion required by FAR 32.402(c)(1)(iii) and to approve contract terms, as pro- vided by FAR 32.402(e)(1), is delegated to the SPE and is further delegated to the DSPE.


More Definitions of SPE

SPE means (i) an entity formed for the purposes of holding, acquiring, constructing, developing or improving assets whose acquisition, construction, development or improvement will be financed by Non-Recourse Indebtedness or equity Investments in such entity or (ii) an entity acquired by Holdings and its Restricted Subsidiaries whose outstanding Indebtedness is all Non-Recourse Indebtedness.
SPE means (i) an entity formed for the purpose of holding, acquiring, constructing, developing or improving assets whose acquisition, construction, development or improvement will be financed by Specified SPE Debt or equity investments in such entity or (ii) an entity acquired by the Restricted Parent or a Restricted Subsidiary of the Restricted Parent whose outstanding Indebtedness is all Specified SPE Debt.
SPE means any special purpose Non-Recourse Subsidiary of the Borrower established in connection with Accounts Receivable Securitizations permitted by Section 7.02.
SPE means a bankruptcy-remote special purpose entity whose operations are limited to the acquisition and financing of specific assets (which may include the issue of asset backed securities and making payments on the securities) and in which FCE usually has no legal ownership or management control.