Ancillary Assets definition

Ancillary Assets means sovereign debt in the currency of denomination of the ETP Securities with an original maturity of less than one month which is rated at least A-1 by Standard & Poor's Ratings Services, and/or P-1 by Moody's Investors Service Ltd. and/or F1 by Fitch Ratings Limited.

Ancillary Assets at any time (without duplication), (a) all Real Property of the Borrower and its Subsidiaries which is (i) a mortgage, (ii) a New Construction Asset, or (iii) any other Real Property other than an open air shopping center (including single tenant retail properties), and (b) all Investments of the Borrower and its Subsidiaries of the type described in Section 8.3(h) and (q), including, without limitation, all Investments of the Borrower and its Subsidiaries in any FIN 46 Entities.

Ancillary Assets at any time, all Real Property of the Borrower and its Subsidiaries, or in which the Borrower or any Subsidiary of the Borrower has an interest (either directly or indirectly), and which is (i) a Development Asset, (ii) a mortgage, or (iii) any other Real Property other than an open air shopping center (including single tenant retail properties) or a residential apartment building or residential apartment community (and appurtenant amenities).

Examples of Ancillary Assets in a sentence

• Amounts standing to the credit of the Margin Account from time to time, to the extent not required to be invested in Reference Assets to replicate the return of the Index or to pursue the Investment Strategy, may at the discretion of the Portfolio Administrator be maintained as cash balances in the Margin Account or invested in Ancillary Assets.

• Amounts standing to the credit of the Margin Account may also, at the discretion of the Portfolio Administrator, be maintained as cash balances in the Margin Account or invested in Ancillary Assets.

• The proceeds of issuance will, at the discretion of the Portfolio Administrator, be invested in Ancillary Assets or maintained as cash balances and will be held in the Margin Account along with the proceeds of short selling the Physical Assets.

• Permit the book value of the Ancillary Assets at any time to be more than 25% of the Adjusted Consolidated Total Assets of the Borrower and its Subsidiaries determined on a Consolidated basis in accordance with GAAP at such time.

• Permit the book value of the Ancillary Assets at any time to be more than 20% of the book value of all assets of the Borrower and its Subsidiaries on a Consolidated basis at such time.

More Definitions of Ancillary Assets

Ancillary Assets means certain assets that were held and used by Fraser Papers in connection with Fraser Papers’ Timberlands Business, including certain motor vehicles, buildings and a tree nursery;

Ancillary Assets means any street furniture signalling equipment and similar intended to be adopted and not already defined by Road or Roads

Ancillary Assets shall have the meaning set forth in Section 1.1(b).

Ancillary Assets means certain assets that were held and used by Fraser Papers in connection with the operation of its timberland business, including certain motor vehicles, buildings and a tree nursery;

Ancillary Assets has the meaning ascribed to such term in the preamble hereof; it being specified that the net book value of the assets included in the Ancillary Assets shall exceed the amount (in absolute terms) of the employment liabilities relating to the Ancillary Asset Employees;

Ancillary Assets means (i) the Access Easement, (ii) any and all other rights, privileges and appurtenances owned by Wingfoot, without warranty of any type, which relate to or are used in connection with the Water Rights and the assets listed in this paragraph, to the extent assignable, and (iii) all of Wingfoot’s right, title and interest, without warranty of any type, in and to all governmental permits, licenses, certificates and authorizations relating to the construction, development or use of the assets described in this paragraph.

Ancillary Assets means Cash, Near Cash and loans advanced to SPVs on terms approved by the Directors.