Guarantee issued by a non-controlled person
Guarantee issued by a non-controlled person means a guarantee issued by:
(i) A person that, directly or indirectly, does not control, and is not controlled by or under common control with the issuer of the security subject to the guarantee (control means “control” as defined in section 2(a)(9) of the Act) (15 U.S.C. 80a-2(a)(9))); or
(ii) A sponsor of a special purpose entity with respect to an asset-backed security.