Examples of SPV Assets in a sentence
The management strategy that HoldCo will follow with regard to SPV Assets will consist in transferring Excluded Assets, either individually or jointly, through sale and purchase agreements in order to maximize their value.
HoldCo will be guarantor of SPV Assets obligations pursuant to the above paragraph.
For the purposes of contributing the Excluded Assets to SPV Assets, these will be valued pursuant to their value in the balance sheet of the contributor.
All other subcommittees shall hold meetings according to mutually agreed upon schedules and procedures.
In the scenario that Olive is a wholly owned subsidiary of HoldCo following the contribution of the Excluded Assets to SPV Assets, its total shareholding will be distributed as dividend in kind, in a process that will make HoldCo the sole shareholder of SPV Assets, which owns the Excluded Assets (except the Excluded Assets that may have been transferred to third parties).
The Borrower will not at any time permit the aggregate fair market value of all Qualifying SPV Assets at such time to exceed 25% of the fair market value of the Invested Assets of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP as of the end of the preceding calendar year.
If the Convertible Bonds Subscription Agreement is rescinded or terminated in accordance with the terms of the Convertible Bonds Subscription Agreement, or if Completion does not occur simultaneously with and on the same day as the SPV Assets Acquisition (as defined in the Company’s announcement dated 30 January 2013), the entire amount of the Deposit shall be refunded to the Subscriber (without interest) within ten business days of the Subscriber’s issuance of the demand for refund in writing.
The Administrative Agent has an exclusive security interest in the SPV Collection Accounts and the SPV Lock-Boxes and any SPV Assets therein.
That commitment will be carried out, to the extent possible, through the termination of the debt or liability of the contributing companies with third parties and, if not possible, the commitment will be carried out by SPV Assets cumulatively and non-exhaustive effect, with the obligation to hold the contributing companies harmless from any damages that may be suffered in relation to those debts and liabilities.
Nothing contained in this Agreement or the SPV Agreements shall restrict the right or obligation of the Originator to make such payments to DLL from amounts other than the SPV Assets or limit the rights and remedies of DLL against the Originator in the event the Originator fails to make such payments in accordance with the terms of the DLL Agreements, whether prior to or following the occurrence of a Replacement Servicer Event.