Examples of Vxxxxxx Rule in a sentence
The Borrower (i) is not, and is not controlled by, an “investment company” registered or required to be registered under the Investment Company Act and (ii) is not a “covered fund” under the Vxxxxxx Rule.
The issuing entity is being structured so as not to constitute a “covered fund” for purposes of the Vxxxxxx Rule under the Dxxx-Xxxxx Act (both as defined in this prospectus).
An entity that (i) is defined as a “banking entity” under the Vxxxxxx Rule regulations (Section __.2(c)), (ii) provides written certification thereof to the Issuer and the Trustee, and (iii) identifies the Notes held by such entity and the outstanding principal amount thereof.
In determining that the Borrower is not a “covered fund” under the Vxxxxxx Rule, the Borrower relies on an exemption from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act, although other exemptions from the definition of “investment company” set forth in the Investment Company Act may be also be available.
In determining that the Seller is not a “covered fund” under the Vxxxxxx Rule, the Seller relies on, and is entitled to rely on, the exemption from the definition of “investment company” set forth in Section 3(c)(5) of the Investment Company Act.