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.
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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;
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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 License Period, within the prescribed limits shall be subject to prior written permission of CMRL/LICENSOR.

  • We understand that in the event of me/us being selected as the Selected Bidder, I/ We shall incorporate a new Special Purpose Company (SPC) under Companies Act 2013 and any amendments thereto and meet other conditions precedent, as Developer, prior to execution of the Development Agreement.

  • Article 47 and Article 48 of the Companies Regulations shall not apply to a Special Purpose Company.

  • 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.

  • For the purposes of these Regulations and where appropriate, reference to the terms "Limited Liability Company" or "LLC" in the Companies Regulations shall be read as references to "Special Company", "Holding Company" or "Special Purpose Company" as set out in these Regulations.


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.
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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.
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Special Purpose Company means a company established and registered in Nigeria, for the purpose of implementing a PPP project;
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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.
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Special Purpose Company or “SPC” shall mean the Concessionaire.
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Special Purpose Company means a company incorporated in Singapore and designated by the Minister under section 3(2) (b);
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Special Purpose Company means a company incorporated under the laws of Uganda to implement a specific public private partnership;
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