SPE definition

SPE means the Society of Petroleum Engineers.

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

• Customers wishing to use SPE and ISPE for transactions processed through the ACH network must be approved by Bank for ACH transactions limits.

• Customer is solely responsible for all activities relating to the set-up and boarding process for enabling Users to use the SPE and ISPE Processing Services, including but not limited to securing all required written authorizations.

• In order to carry out a Change of Effective Control, the companies that have established the SPE must request the respective authorization in writing from LAP, attaching all the necessary information and documentation so that LAP can verify what is stated in the previous paragraph.

• The Parties expressly agree that a change in Effective Control means that either of the two members of the SPE withdraws from the company, and a third party seeks to join (including an Affiliated Company), in such a case, LAP must authorize the proposed change to ensure that the third party joining the SPE meets or has the same financial, economic, technical, and legal conditions as the withdrawing member.

• The companies that have established the SPE have committed to maintaining Effective Control.

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 any special purpose Unrestricted Subsidiary established in connection with any Accounts Receivable Securitization.

SPE means a corporation, limited partnership or limited liability company that:

SPE means a Subsidiary trust, limited purpose finance company, or special purpose entity formed for the purpose of consummation of one or more Permitted Finance Receivables Securitizations.

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.