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A special-purpose entity (SPE; or, in Europe and India, special-purpose vehicle/SPV; or, in some cases in each EU jurisdiction, FVC, financial vehicle corporation) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.
The Budd Silverliner was a model of electric multiple unit railcar designed and built by the Budd Company with 59 examples being delivered starting in 1963. Fifty-five of the cars were purchased for the Reading and Pennsylvania Railroads with public funds for use in Philadelphia, Pennsylvania, area commuter rail service with the remaining 4 cars being purchased by USDOT for use in high-speed ...
A special-purpose acquisition company (SPAC; / s p æ k /), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
The Silverliner II had a top speed of 90 mph (140 km/h) but ran at up to 100 mph (160 km/h) when the PRR used them on its Philadelphia-Harrisburg service. The Metroliner EMU cars operated at 110 to 125 mph (201 km/h), but every car was tested to at least 160 mph (260 km/h), although breakdowns in the system led Amtrak to derate them to 90 mph ...
An Irish Section 110 special purpose vehicle (SPV) or section 110 company is an Irish tax resident company, which qualifies under Section 110 of the Irish Taxes Consolidation Act 1997 (TCA) for a special tax regime that enables the SPV to attain "tax neutrality": i.e. the SPV pays no Irish taxes, VAT, or duties.
The typical PFI provider is organized into three parts or legal entities: a holding company (called "Topco") which is the same as the SPV mentioned above, a capital equipment or infrastructure provision company (called "Capco"), and a services or operating company (called "Opco"). The main contract is between the public sector authority and the ...
A public address system (or PA system) is an electronic system comprising microphones, amplifiers, loudspeakers, and related equipment. It increases the apparent volume (loudness) of a human voice, musical instrument, or other acoustic sound source or recorded sound or music.
To address these issues, a private equity fund can set up a U.S. feeder corporation known as a blocker corporation. The foreign and tax exempt investors can invest through the blocker corporation, and then they are no longer personally considered to be partners, as it is the domestic corporation that is the owner of equity in the fund.