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

  • In case Selected Bidder is a Consortium it is required to incorporate a Special Purpose Company (SPC).

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

  • A Special Purpose Company will be established named Micro Investment Facility ApS (the Company) by the Fund, The Way Forward ApS and CSR Capital A/S as Danish Partners.

  • A Special Purpose Company, wholly owned by the Ministry of Finance, Government of Pakistan, has been formed to act for and on behalf of Sukukholders, namely, Pakistan Domestic Sukuk Company Limited (the “SPC”).

  • Explanations: A Special Purpose Company, wholly owned by the Ministry of Finance, Government of Pakistan, has been formed to act for and on behalf of Sukukholders, namely, Pakistan Domestic Sukuk Company Limited (the “SPC”).


More Definitions of Special Purpose Company

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 or “SPC” shall mean the Concessionaire.
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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 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 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 company incorporated in Singapore and designated by the Minister under section 3(2)(b);
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Special Purpose Company means, if the Winning Bidder is a consortium, the corporation organized under the laws of the Philippines, formed by the Winning Bidder to undertake the Project, and in accordance with the requirements in Section 11.5 of the BOT Law IRR.
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