SPV securities definition

SPV securities shall have the meaning defined in the Investment Memorandum of Understanding dated as of May 20, 2020 (the “Investment MOU”) among the LLC, the Secretary of the Treasury and FRBNY, as secured party under the Security Agreement referenced and defined in the Investment MOU (in such capacity, the “Secured Party”); and “Preferred Equity Account” means, collectively, the deposit account and the securities account established pursuant to the Account Agreement for the purpose of holding all or part of the Preferred Equity Member’s equity contribution to the LLC.
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SPV securities has the meaning specified in Section 9.5(b)(2) of the Loan Agreement.
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SPV securities means, collectively, the New SPV B Preferred Units, the New SPV C Preferred Units, the New SPV D
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Examples of SPV securities in a sentence

  • Upon the termination of this MOU, all SPV securities then outstanding shall be automatically redeemed without the need for any Request for Redemption to be submitted and without regard to any limitations otherwise applicable under the Schedule of Redemption Limits.

  • Unless and until the Secretary receives a written Notice of Exclusive Control from the Secured Party pursuant to the next paragraph, notifying the Secretary that the Secured Party is exercising its right to exclusive control over the LLC’s SPV securities, or if any previous Notices of Exclusive Control have been revoked or rescinded in writing by the Secured Party, the Secretary shall take actions with respect to SPV securities upon the instructions of the Managing Member as provided in this MOU.

  • This section is intended by the LLC and the Secured Party to grant “control” of any SPV securities issued under this MOU to the Secured Party for purposes of perfection of the Secured Party’s security interest therein pursuant to Article 8 and Article 9 of the UCC.

  • The undersigned, as the duly authorized representative of the Secured Party, hereby provides notice to the Secretary that the Secured Party is exercising its right to exclusive control over the LLC’s SPV securities under Section E of the MOU.

  • Notwithstanding the termination of this MOU by mutual agreement or otherwise, all provisions of this MOU relating to outstanding SPV securities shall remain in full force and effect until redemption and payment in full satisfaction is made of all amounts due under this MOU.

  • There are no Treasury regulations specifically governing the SPV securities.

  • The Secretary acknowledges that it has been advised of the LLC’s grant to the Secured Party of a security interest in the LLC’s SPV securities pursuant to the Security Agreement between the LLC and Secured Party.

  • This MOU, together with all written amendments to this MOU, contain the entire agreement between the LLC, the Secretary, and the Secured Party relating to investment in or redemption of SPV securities after the effective date of this MOU.

  • Purchasers of SPV securities include pension funds, insurance companies, and other institutional investors in the United States and abroad.

  • Credit rating agencies focus primarily, but not exclusively, on four main factors: (i) the quality of the underlying assets, (ii) credit enhancements, (iii) ensuring that the transfer of the assets from the originator to the SPV complies with all require- ments to be considered a true sale, and (iv) ensuring that the insolvency remoteness of the SPV securities offered as a result of securitisations has received both local and interna- tional credit ratings.

Related to SPV securities

  • NIM Securities As defined in the tenth Recital to this Agreement.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Lock-Up Securities has the meaning set out in Section 5(l).

  • BofA Securities means BofA Securities, Inc.

  • Series B Securities means the 11-1/2% Senior Notes due 2007, Series B, of the Company to be issued pursuant to this Indenture in exchange for the Series A Securities pursuant to the Registered Exchange Offer and the Registration Rights Agreement.

  • Series A Securities means the Company's Series A 9 3/8% Junior Subordinated Deferrable Interest Debentures due May 1, 2028 as authenticated and issued under this Indenture.

  • Purchaser Securities means the Purchaser Units, the Purchaser Common Stock, the Purchaser Preferred Stock and the Purchaser Warrants, collectively.

  • Exempt Securities has the meaning set forth in Section 4.4(d).

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Related Securities means any options or warrants or other rights to acquire Shares or any securities exchangeable or exercisable for or convertible into Shares, or to acquire other securities or rights ultimately exchangeable or exercisable for or convertible into Shares.

  • Securities as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

  • relevant securities means Ordinary Shares and securities carrying conversion or subscription rights into Ordinary Shares;

  • Permitted Securities means any of the following:

  • Designated Securities means securities issued by an Insured, or by any Affiliated Entity, or by any Fund to which such Insured or any Affiliated Entity provides any services.

  • Additional Purchased Securities Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof;

  • Investor Securities is defined in Section 2.1.

  • Individual Securities shall have the meaning specified in Section 3.01(p).

  • Approved Securities means securities of any State Government or of the Central Government and such bonds, both the principal whereof and the interest whereon shall have been fully and unconditionally guaranteed by any such Government;

  • Exempted Securities means:

  • Liquid Securities means securities that are publicly traded on the New York Stock Exchange, the American Stock Exchange or the Nasdaq Stock Market and as to which the Company or any Restricted Subsidiary is not subject to any restrictions on sale or transfer (including any volume restrictions under Rule 144 under the Securities Act or any other restrictions imposed by the Securities Act) or as to which a registration statement under the Securities Act covering the resale thereof is in effect for as long as the securities are held; provided that securities meeting the foregoing requirements shall be treated as Liquid Securities from the date of receipt thereof until and only until the earlier of (a) the date on which such securities are sold or exchanged for cash or Cash Equivalents and (b) 180 days following the date of receipt of such securities. If such securities are not sold or exchanged for cash or Cash Equivalents within 180 days of receipt thereof, for purposes of determining whether the transaction pursuant to which the Company or a Restricted Subsidiary received the securities was in compliance with Section 4.11, such securities shall be deemed not to have been Liquid Securities at any time.

  • Rule 144A Securities means Securities of a series designated pursuant to Section 2.01 as entitled to the benefits of Section 4.03(b).

  • Refused Securities has the meaning ascribed to such term in Section 4.1(c)

  • Specified Securities means ‘equity shares’ and ‘convertible securities’ as defined under clause (zj) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

  • Escrowed Securities means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement.