PASS-THRU ENTITY A 'Pass-Thru Entity' as defined in Section 860E(e)(6) of the Code. Pass Through Charges : means any applicable third party costs, charges, tax, duty, levy, tariff or any government imposed charge, relating to the supply and distribution of electricity to the Supply Point including, but not limited to, transportation and distribution use of system charges by the Network Operator, Equipment Charges and VAT Pass Through Documents means each Pass Through Trust Agreement, the Note Purchase Agreement, each Escrow Agreement, each Deposit Agreement, the Intercreditor Agreement and each Liquidity Facility.

federal income tax purposes) where more than 50% of the value of any beneficial owner’s interest in such pass through entity is attributable to the pass-through entity’s interest in the Retained Note. Special Pass-Through Entity means a grantor trust, S corporation, or partnership (as determined, in each case, for U.S. 'Pass-through entity' does not include a trust, estate, grantor of a grantor trust, or disregarded entity. Each security represents a large number of debts, such as hundreds of home mortgages or thousands of car loans.Pass-through entity means a partnership not treated as an association taxable as a C corporation for federal income tax purposes, a limited liability company not treated as an association taxable as a C corporation for federal income tax purposes, an S corporation, or any other class of entity from which the income or profits of the entity are given pass-through treatment for federal income tax purposes. Often, the debt receivables are from underlying assets, which can include things such as mortgages on homes or loans on vehicles. Defaulting on the underlying debt and early prepayment of the underlying loans are two risks investors in pass-throughs face.Ī pass-through security is a derivative based on certain debt receivables that provides the investor a right to a portion of those profits.The most common type of pass-through is a mortgage-backed security(MBS).A servicing intermediary collects the monthly interest payments on these debts from issuers and, after deducting a fee, funnels or passes them through to investors.Each security in the pass-through pool represents a large number of debts, such as hundreds of home mortgages or thousands of car loans.

A pass-through security, aka a pay-through security, is a pool of fixed-income securities backed by a package of assets.

Make a pass through company