Selection of Eligible Investments Sample Clauses

Selection of Eligible Investments. 1. The Borrower shall select eligible investments for inclusion under the Program in accordance with the selection criteria, conditions and procedures set forth in the POM, as such criteria and conditions shall include, inter alia, the proposed activitiescompliance with the environmental, safety and social management systems and requirements set forth in the ESMS, which shall be consistent with the ESSA. In supporting the achievement of one or more DLRs, such eligible investments shall be subject to further verification by the Independent Verification Agent in accordance with the process referred to in Section I.F.2 of this Schedule. 2. Without limitation to the generality of Section I.D.1 above: (a) the Borrower shall ensure that only DSPV Subprojects connected to the grid (if at all) at 36 kV or below shall be eligible for financing under the Program; (b) for the implementation of activities under Results Area 1, the Borrower shall ensure that (i) the eligibility criteria and procedures for selecting DSPV Sub-borrowers and DSPV Subprojects, and (ii) the terms and conditions for the Borrower’s provision of DSPV Sub-loans to DSPV Sub-borrowers are included in the POM and followed; (c) for the implementation of activities under Results Area 2.A, unless otherwise expressly agreed to by the Bank: (i) by no later than the Transition Date, the Borrower shall, in coordination with TSKB, have formally established the referenced credit facility, including the preparation and adoption of a Facility Operational Manual, as described in Section I.C.2(c) of this Schedule, all to the satisfaction of the Bank; (ii) the Borrower shall ensure that (A) the eligibility criteria and procedures for selecting Facility Borrowers, (B) the terms and conditions for the Borrower’s provision of Facility Loans to Facility Borrowers, (C) the eligibility criteria and procedures for Facility Borrowers to select Facility Sub-borrowers, and (D) the terms and conditions for the provision of Facility Sub-loans to Facility Sub-borrowers are included in the POM and Facility Operational Manual and are followed; and (iii) further to paragraph (ii) above, only Facility Loan Agreements signed by the Borrower and Facility Borrowers after the Transition Date shall qualify for financing under the Program; (d) for the implementation of activities under Results Area 2.B, the Borrower shall ensure that: (i) the eligibility criteria and procedures for selecting XXXX Sub-borrowers and XXXX Subprojects; ...
AutoNDA by SimpleDocs
Selection of Eligible Investments. (a) The Borrower shall select eligible investments for inclusion under the Program in accordance with the selection criteria, conditions and procedures set forth in the POM, as such criteria and conditions shall include, inter alia, the proposed activitiescompliance with the environmental, safety and social management systems and requirements set forth in the ESMS, which shall be consistent with the ESSA. In supporting the achievement of one or more DLRs, such eligible investments shall be subject to further verification by the Independent Verification Agent in accordance with the process referred to in Section I.C.6 of this Schedule. (b) Without limitation to the generality of Section I.C.4(a) above: (i) for the implementation of activities under Results Area 2.B, the Borrower shall ensure that: (A) the eligibility criteria and procedures for selecting XXXX Sub-borrowers and XXXX Subprojects; and (B) the terms and conditions for the Borrower’s provision of XXXX Sub-loans to XXXX Sub-borrowers are included in the POM and followed; and (ii) for the implementation of Program activities involving solar investments, the Borrower shall ensure, and shall cause XXXX Sub-borrowers to ensure that all solar investments under the Program include the following requirements: (A) XXXX Sub-borrowers shall require their respective contractors, subcontractors, suppliers and/or manufacturers providing solar panels and/or solar panel components to provide a declaration that they have not used or engaged forced labor in their respective workforce, and are committed to not use or engage forced labor in their respective workforce when carrying out activities under the Program; and (B) said declarations shall follow the arrangements set forth in the POM.
Selection of Eligible Investments. The Trustee shall have no obligation to invest or reinvest any amounts held hereunder in the absence of written investment direction. All such Eligible Investments shall be held by the Trustee for the benefit of the beneficiaries of the applicable Account; PROVIDED that on each Distribution Date, all interest and other investment income (net of losses and investment expenses) on funds on deposit therein shall be withdrawn from the Accounts at the direction of the Servicer and shall be paid to the Seller. Funds on deposit in the Accounts shall be invested in Eligible Investments that will mature so that such funds will be available at the close of business (New York time) on the Transfer Date preceding the following Distribution Date. Funds deposited in an Account on a Transfer Date which immediately precedes a Distribution Date upon the maturity of any Eligible Investments are not required to be (but may be) invested overnight.

Related to Selection of Eligible Investments

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing: (i) Scheduled installments of principal and interest on the Mortgage Loans received or advanced by the applicable Servicers which were due on the related Due Date, net of the Servicing Fees due the applicable Servicers and less any amounts to be withdrawn later by the applicable Servicers from the applicable Buydown Fund Accounts; (ii) Payoffs and the proceeds of other types of liquidations of the Mortgage Loans received by the applicable Servicer for such Mortgage Loans during the applicable Payoff Period, with interest to the date of Payoff or liquidation less any amounts to be withdrawn later by the applicable Servicers from the applicable Buydown Fund Accounts; and (iii) Curtailments received by the applicable Servicers in the Prior Period. At its option, the Master Servicer may invest funds withdrawn from the Custodial Accounts for P&I, as well as any Buydown Funds, Insurance Proceeds and Liquidation Proceeds previously received by the Master Servicer (including amounts paid by the Company in respect of any Purchase Obligation or its substitution obligations set forth in Section 2.07 or Section 2.08 or in connection with the exercise of the option to terminate this Agreement pursuant to Section 9.01) for its own account and at its own risk, during any period prior to their deposit in the Certificate Account. Such funds, as well as any funds which were withdrawn from the Custodial Accounts for P&I on or before the Withdrawal Date, but not yet deposited into the Certificate Account, shall immediately be deposited by the Master Servicer with the Investment Depository in an Investment Account in the name of the Master Servicer and the Trust for investment only as set forth in this Section 3.03. The Master Servicer shall bear any and all losses incurred on any investments made with such funds and shall be entitled to retain all gains realized on such investments as additional servicing compensation. Not later than the Business Day prior to the Distribution Date, the Master Servicer shall deposit such funds, net of any gains (except Payoff Earnings) earned thereon, in the Certificate Account. (b) Funds held in the Investment Account shall be invested in (i) one or more Eligible Investments which shall in no event mature later than the Business Day prior to the related Distribution Date (except if such Eligible Investments are obligations of the Trustee, such Eligible Investments may mature on the Distribution Date), or (ii) such other instruments as shall be required to maintain the Ratings.

  • Eligible Investments 19 ERISA .....................................................................................20

  • SELECTION OF ELIGIBLE FOREIGN CUSTODIANS Subject to the provisions of this Section 3.2, the Foreign Custody Manager may place and maintain the Foreign Assets in the care of the Eligible Foreign Custodian selected by the Foreign Custody Manager in each country listed on Schedule A, as amended from time to time. In performing its delegated responsibilities as Foreign Custody Manager to place or maintain Foreign Assets with an Eligible Foreign Custodian, the Foreign Custody Manager shall determine that the Foreign Assets will be subject to reasonable care, based on the standards applicable to custodians in the country in which the Foreign Assets will be held by that Eligible Foreign Custodian, after considering all factors relevant to the safekeeping of such assets, including, without limitation the factors specified in Rule 17f-5(c)(1).

  • Selection of Eligible Foreign Custodian The Delegate shall place and maintain the Fund's Assets with an Eligible Foreign Custodian, provided that the Delegate shall have determined that the Fund's Assets will be subject to reasonable care based on the standards applicable to custodians in the relevant market after considering factors relevant to the safekeeping of such assets including without limitation: (i) The Eligible Foreign Custodian's practices, procedures, and internal controls, including, but not limited to, the physical protections available for certificated securities (if applicable), the controls and procedures for dealing with any Securities Depository, the method of keeping custodial records, and the security and data protection practices; (ii) Whether the Eligible Foreign Custodian has the requisite financial strength to provide reasonable care for the Fund's Assets; (iii) The Eligible Foreign Custodian's general reputation and standing; and (iv) Whether the Fund will have jurisdiction over and be able to enforce judgments against the Eligible Foreign Custodian, such as by virtue of the existence of any offices of such Eligible Foreign Custodian in the United States or such Eligible Foreign Custodian's appointment of an agent for service of process in the United States or consent to jurisdiction in the United States. The Delegate shall be required to make the foregoing determination to the best of its knowledge and belief based only on information reasonably available to it.

  • Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto; (a) Schedule 2 sets forth under the heading “Deposit Accounts” all of the Deposit Accounts in which such Grantor has an interest and, except as otherwise disclosed to the Administrative Agent, such Grantor is the sole account holder of each such Deposit Account and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having either sole dominion and control (within the meaning of common law) or “control” (within the meaning of Section 9-104 of the UCC) over, or any other interest in, any such Deposit Account or any money or other property deposited therein; and (b) In each case to the extent requested by the Administrative Agent, such Grantor has taken all actions necessary or desirable to: (i) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any Certificated Securities (as defined in Section 9-102 of the UCC); (ii) establish the Administrative Agent’s “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over any portion of the Investment Accounts constituting Securities Accounts, Commodity Accounts, Securities Entitlements or Uncertificated Securities (each as defined in Section 9-102 of the UCC); (iii) establish the Administrative Agent’s “control” (within the meaning of Section 9-104 of the UCC) over all Deposit Accounts; and (iv) deliver all Instruments (as defined in Section 9-102 of the UCC) to the Administrative Agent to the extent required hereunder.

  • Permitted Investments At any time, any one or more of the following obligations and securities:

  • Aggregation of Entity Accounts For purposes of determining the aggregate balance or value of accounts held by an Entity, a Reporting Financial Institution shall be required to take into account all accounts held by Entities that are maintained by the Reporting Financial Institution, or Related Entities, to the extent that the Reporting Financial Institution’s computerised systems link the accounts by reference to a data element such as client number or taxpayer identification number and allow account balances or values to be aggregated.

  • Bona Fide Eligible Accounts The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

  • Eligible Items You agree to scan and deposit only "checks" as that term is defined in Federal Reserve Regulation CC ("Reg. CC"). When the image of the check transmitted to the Bank is converted to an Image Replacement Document for subsequent presentment and collection, it shall thereafter be deemed an "item" within the meaning of Articles 3 and 4 of the Uniform Commercial Code.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!