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A
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| Administrator | means Murano AT GV, S.A. de C.V. or any other vehicle affiliated or controlled by the Company or, in the event that the Administrator is removed pursuant to the respective trust, any other third party that is appointed as substitute administrator. |
| Administrator's compensation | means the amount that, if established in the corresponding trust, the Trustee shall pay to the Administrator for carrying out its obligations arising from each of the trusts, charged to the assets of each trust, as the case may be. |
| Assets | means the property and rights, together with all income, interests, and accoutrements thereof which are assigned or otherwise conveyed to or acquired by the Trustee in connection with each trust. |
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B
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| BIVA | means the Institutional Stock Exchange (Bolsa Institucional de Valores, S.A. de C.V.) |
| BMV | means the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V.) |
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C
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| CNBV | means the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores). |
| Common representative | means Masari Casa de Bolsa, S.A. |
| Conflicts Committee | means the committee to resolve conflicts of each trust, which will have the powers attributed to it in each contract, as applicable. |
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D
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| Dismissal actions | means each of the events that may result in the dismissal and replacement of the Administrator, such as failure to submit management reports or serious non-compliance with contractual or legal obligations. |
| Distributions | means any and all dividends, reductions, redemptions, repayments, amortizations, or any other distributions of capital, income, amount, or other consideration of any nature payable in cash, derived from or related to investments. |
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E
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| EMISNET | means the information system of the BMV (Sistema Electrónico de Comunicación con Emisoras de Valores). |
| External auditor | means the firm of public accountants independent of the Administrator, the Trustor and the Trustee, engaged under the terms of each trust to provide assurance on the financial statements of the operation. |
I
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| Indeval | means the Mexican central securities depository (S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V.) |
| Investment vehicle | means any trust, company or special purpose vehicle constituted under Mexican law, through which investments will be made in accordance with the terms of the trust agreement and other related issuance documents. |
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L
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| Leverage ceilings | means the borrowing limits to which each of the trusts will be subject. |
| LMV | means the Mexican Stock Market Law (Ley del Mercado de Valores). |
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P
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| Parties | means collectively the Trustor, the Administrator, the Trustee and the common representative. |
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R
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| RNV | means the National Securities Registry (Registro Nacional de Valores). |
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S
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| Stock Exchange | means the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV), the Bolsa Institucional de Valores, S.A. de C.V. (BIVA), or any stock exchange authorized to operate as such in terms of the Mexican Stock Exchange Law. |
| Structuring agent | means Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer and/or any other brokerage company that is appointed to act as structuring agent. |
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T
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| Technical Committee | means the head committee of each trust, which shall have the powers attributed to it in each agreement, as applicable. |
| Trustee | means Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver, acting as trustee of the trust. |
| Trustor | means Murano AT GV, S.A. de C.V. |
