Chapter 9 Special Purpose Entities
Index
- Section 9.1 Overview and Scope of Chapter
- Section 9.2 Introduction to Special Purpose, Bankruptcy Remote Entities (SPEs) and Rationale for the SPE in a Commercial Mortgage-Backed or Other Securitized Transaction
- Section 9.3 Asset-Backed Securitizations
- Section 9.4 Synthetic Leases
- Section 9.5 Substantive Consolidation
- Section 9.6 Summary of Substantive Consolidation
- Section 9.7 Fraud or Injustice on Creditors
- Section 9.8 Creditor Reliance on Enterprise
- Section 9.9 Intermingling and Intertwining of Corporate Accounts and Business
- Section 9.10 Facilitating a Reorganization Plan
- Section 9.11 Substantive Consolidation of a Bankrupt Debtor and a Nondebtor Affiliate
- Section 9.12 Major Tests
- Section 9.13 Alter Ego and Separateness Checklist Tests
- Section 9.14 Balancing Tests
- Section 9.15 Augie/Restivo Test (Second Circuit)
- Section 9.16 Eastgroup Test (Eleventh Circuit) Adopting a Standard Articulated in Auto-Train (D.C. Circuit)
- Section 9.17 Safeguards Against Substantive Consolidation
- Section 9.18 Overview of SPE Criteria and Covenants
- Section 9.19 Specific SPE Criteria, Covenants, and Restrictions
- Section 9.20 Restrictions on Additional Indebtedness
- Section 9.21 Limitations on the Purpose of an SPE
- Section 9.22 Prohibition on Consolidation and Liquidation; Restrictions on Mergers and Asset Sales
- Section 9.23 Prohibition on Amendments to Documentation
- Section 9.24 Separateness Covenants
- Section 9.25 Conclusion
