Common use of Nature of Accounts Clause in Contracts

Nature of Accounts. Each Account to be purchased with the proceeds of a Loan is an Eligible Account and an “eligible asset” as defined in Rule 3a-7 under the Investment Company Act of 1940, as amended.

Nature of Accounts. Each Account to be purchased with the proceeds of a Loan is an Eligible Account and an “"eligible asset” " as defined in Rule 3a-7 under the Investment Company Act of 1940, as amended.