Special Purpose Company definition

Special Purpose Company means any Person created in connection with a Qualifying Securitization Transaction, provided, that any Special Purpose Company shall not own any property or conduct any activities other than those properties and activities which are reasonably required to be owned and conducted in connection with the involvement of such Person in Qualifying Securitization Transactions.

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Special Purpose Company or “SPC” shall mean a limited company, as defined and incorporated under the Companies Act, 2013, where required to be formed for each Project.

Special Purpose Company or “SPC” means the special purpose company, to be incorporated by the successful Bidder as per the Authority’s requirements under the Companies Act, 2013 and any amendments thereto, for implementation of this Project as per terms herein;

Examples of Special Purpose Company in a sentence

• Further, any change proposed in the equity shareholding pattern of the Consortium in the Special Purpose Company during the Lease Period, within the prescribed limits shall be subject to prior permission of DMRC.

• Further, any change proposed in the equity shareholding pattern of the Consortium in the Special Purpose Company during the License Period, within the prescribed limits shall be subject to prior written permission of CMRL/LICENSOR.

• For purposes of this Agreement, Trade Receivables sold or otherwise conveyed to a Special Purpose Company pursuant to one or more Qualifying Securitization Transactions shall be excluded from the limitations of this Section 10.3, to the extent that the aggregate amount outstanding under all financing facilities relating to such Qualifying Securitization Transactions shall not exceed $100,000,000 at any time of determination.

• Further, any change proposed in the equity shareholding pattern of the Consortium/ JV in the Special Purpose Company during the Lease Period, within the prescribed limits shall be subject to prior permission of DMRC.

• Subject to prior written permission from DMRC, the Lessee / concessionaire can assign its rights under this concession agreement to a Special Purpose Company/Vehicle established for implementation of the project provided that the Lessee / concessionaire shall hold minimum 51% share capital of the Special Purpose Company/ Vehicle and be responsible for performance of all obligations under the Concession/Lease agreement.

More Definitions of Special Purpose Company

Special Purpose Company means any Person created in connection with a Qualifying Securitization Transaction, provided that any Special Purpose Company shall not own any property or conduct any activities other than those properties and activities which are reasonably required to be owned and conducted in connection with the involvement of such Person in Qualifying Securitization Transactions.

Special Purpose Company means a company incorporated under the laws of Uganda to implement a specific public private partnership;

Special Purpose Company or “SPC” means a company set up for the sole purpose of the Project as set out in Section 2.1.2.

Special Purpose Company means a company incorporated in Singapore and designated by the Minister under section 3(2)(b);

Special Purpose Company means a member of the Group which is not an obligor or security provider under any Secured Facilities Agreement, none of whose Financial Indebtedness retains the benefit of any guarantee, indemnity or other commitment from IHCo or any member of the RigCo Group (other than (a) another Special Purpose Company and (b) where the Special Purpose Company is itself a member of the RigCo Group, RigCo) in each case to assure the repayment of, or indemnify against loss in respect of non-payment of, that Financial Indebtedness. 2 Note: Subject to agreed hive down paper.

Special Purpose Company means a company established and registered in Nigeria, for the purpose of implementing a PPP project;

Special Purpose Company or “SPC” shall mean the Concessionaire.