A
purpose entity refers to a organization or entity that is created for a specific reason or objective. It is focused on achieving a particular purpose, rather than operating for general business activities.
Full definition
Often
special purpose entities — established for the purpose of addressing these issues — are created to facilitate the investment by Canadian pension plans.
An independent director may be appointed as well in order for the
special purpose entity to maintain neutrality.
Exeter Reverse 1031 Exchange Services, LLC will set - up a SEPARATE special
purpose entity in the form of a separate single member limited liability company that will be used exclusively for your Reverse 1031 Exchange transaction.
USB SolarCity Master tenant 2010, LLC $ 14,429,866.00 11/8/10 (75) A special
purpose entity formed by SolarCity aggregating multiple California Residential and Non-Residential solar PV installations was awarded a $ 14.4 M grant in November 2010.
The Investor will either loan and / or arrange for third - party financing for the acquisition of the like - kind replacement property to the Special
Purpose Entity set - up by the Exchange Accommodation Titleholder.
The EAT will purchase and hold or «park» legal title to your replacement property during your Improvement 1031 Exchange transaction through a special
purpose entity often referred to as an «SPE.»
Using grants of up to $ 4,000,000 and a loan of up to $ 5,000,000, 233 West 125th Street Danforth, LLC, a special
purpose entity owned by Danforth Development Partners LLC, and its development partners will oversee part of the construction of a mixed - use facility.
Successfully represented mortgage lender in opposing debtors» plan to treat mortgage loans to separate special
purpose entities as if all loans had been made to only a single entity.
But the special
purpose entity created for the production, in tracing the chain of title on «Silence,» became aware of a 2002 agreement that Cecchi Gori had made with an individual named Michael Gordon to write the «Silence» screenplay.
As shown above, Plaza Building Holdings LLC is the special
purpose entity which secures a 100 % interest against the borrower, Plaza Building LLC.
Master Tenant 2008 - C, LLC $ 5,867,136.00 7/23/10 (96) A special
purpose entity with a generic name, the Master Tenant 2008 - C, LLC, was awarded a $ 5.87 M grant and appears to have enabled $ 19.6 M of solar PV installations in California.
Also known as «blank - check» companies, these special
purpose entities raise money through IPOs and then search for private assets or operating companies to acquire.
His film and television experience includes advising major financial institutions and borrowers such as mini-majors, independent film companies, joint ventures and special
purposed entities in lending, loan workouts, debt restructurings and corporate matters.
SunRun Solar Tenant I, LLC $ 6,726,215.00 10/4/10 (92) A special
purpose entity formed this time by SunRun aggregating multiple California Residential solar PV installations was awarded a $ 6.73 M grant in October 2010.
Once the Qualified Exchange Accommodation Agreement has been signed the Investor will assign the Purchase and Sale Agreement and any related escrow instructions or other transactional documents (if any) for the like - kind replacement property to the Special
Purpose Entity set - up by the Exchange Accommodation Titleholder in preparation for closing the transaction.
The EAT will purchase and hold or «park» legal title to your replacement property during your Build - To - Suit 1031 Exchange transaction through a special
purpose entity often referred to as an «SPE.»
Your business generally needs to be a single -
purpose entity that is bankruptcy remote.
Single -
purpose entities are normally incorporated as limited companies or limited partnerships.
It's easy to get boggled by the details of corporate scandal - insider loans, stock options, special -
purpose entities, mark - to - market, round - tripping.
We've learned that the best authorizers are single -
purpose entities — they only do authorizing.
It's a «single -
purpose entity,» meaning that it only does charter authorizing, and its schools educate nearly half of D.C.'s public - school students.
ICBs are single -
purpose entities (focusing solely on authorizing) and they are largely free of political meddling, helping ensure decisions are based on the proper factors.
It's common that the agreement secures a 100 % interest in the company which owns the underlying property through a bankruptcy remote «special
purpose entity» holding company.
Your business generally needs to be a single -
purpose entity that is bankruptcy remote.
Single -
purpose entities are normally incorporated as limited companies or limited partnerships.
I was reading a book explaining Special
Purpose Entities (SPEs) and an example is used in the book: a firm could sell loans it has made to customers to an SPE that issues bonds to purchase the...
According to the September 10Q, IKAN does not use off balance sheet arrangements with unconsolidated entities or related parties, nor does it use other forms of off balance sheet arrangements such as special
purpose entities and research and development arrangements.
The Company has not guaranteed the debt of any unconsolidated entity and does not engage in derivative transactions or maintain any off - balance sheet special
purpose entities.
Do you make an adjustment for Qualified Special
Purpose Entities (QSPEs) or Variable Interest Entities?
SunPower may just have a different strategy for developing projects on private land, on brownfields, or through special
purpose entities to mask their activities.
These sorts of projects — especially when initiated by the community hoping to benefit — may also run into hurdles when it comes to tapping into the Income Tax Credit (ITC) incentive if the body formed specifically to develop the project (usually a Special
Purpose Entity or SPE) does not have a substantial tax liability.
Individuals can create a business entity to develop a shared solar project, a Special
Purpose Entity (SPE) model.
NREL identifies three ownership models for community solar: utility - sponsored, special -
purpose entity (SPE), and nonprofit.
Finally, in a special -
purpose entity (SPE) model, a community solar project is developed by a group of individuals who join together in a business enterprise.
I am sure there are many more special
purpose entities to discover for solar lease and PPA specialists such as SolarCity, SunRun, Sungevity, and their peers or competitors.
In addition, while at the Fraud Section, Mr. Safwat served on several complex securities fraud investigations of individuals and entities in the financial services industry, including matters involving alleged accounting fraud relating to complex derivative instruments and special
purpose entities.
is necessary to permit a financing entity, related provider trust or special
purpose entity to finance the purchase of policies by a settlement provider and the seller and insured have prior written consent to the disclosure;
Prior to that, there was concern that GGP would be undone by its secured debt, if the bankruptcy judge, Allan Gropper, had ruled in favor of its secured creditors in the dispute over the inclusion of GGP - run special
purpose entities (SPEs) in the bankruptcy filing.
Because we are a commercial lender, you will need a Special
Purpose Entity (typically a Limited Liability Corporation, or LLC) for your loan.
Phrases with «purpose entity»