Approved Assets definition

Approved Assets means the Portfolio Assets set forth on Schedule 1.01(a) and certain criteria set forth in the definition of “Eligible Credit Assets”, “Eligible First Lien Credit Assets”, “Eligible Private Assets”, “Eligible Public Equities”, “Eligible Brand Assets”, or “Eligible Consumer Receivables Assets”, as applicable, that shall not be applied to such Portfolio Assets.
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Approved Assets means the Assets listed at Item 9 (if any) that are pre-approved by us for purchase with the Funding. Asset means any item of property that has been or will be created, purchased, leased or otherwise acquired wholly or in part with the Funding, or any item of property we provide to you for the Funded Activity, but does not include Intellectual Property or consumable items.
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Approved Assets means (a) cash; (b) marketable securities (i) issued or directly and unconditionally guaranteed as to interest and principal by the United States or (ii) issued by any agency of the United States the obligations of which are backed by the full faith and credit of the United States; (c) marketable direct obligations issued by any state of the United States or any political subdivision of any such state or any public instrumentality thereof, in each case having, at the time of the acquisition thereof, one of the two highest ratings obtainable from either S&P or Xxxxx'x; (d) commercial paper having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Xxxxx'x; (e) certificates of deposit or bankers' acceptances issued or accepted by any commercial bank organized under laws of the United States of America or any state thereof or the District of Columbia that (i) is at least "adequately capitalized" (as defined in the regulations of its primary Federal banking regulator) and (ii) has Tier 1 capital (as defined in such regulations) of not less than $100 million; (f) publicly traded debt securities issued by a United States corporation, which securities are rated in an "investment grade" category by either S&P or Xxxxx'x; (g) shares of any mutual fund that (i) has at least 95% of its assets invested continuously in the types of investments referred to in clauses (b), (c), (d) and (e) above and (ii) has net assets of not less than $500 million;
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Examples of Approved Assets in a sentence

  • At any time, and from time to time, in the event Agent determines, in its sole discretion, that there may be an issue with respect to Hazardous Substances or compliance with Environmental Laws with respect to the Approved Assets or if an Event of Default exists hereunder, if Agent so requests, Borrower shall provide to Agent an environmental review, audit, assessment and/or report relating to the Approved Assets, at Borrower’s sole cost and expense, by an engineer or scientist acceptable to Agent.

  • Borrower shall cause all Hazardous Substances found on or under the Approved Assets to be properly removed therefrom and properly disposed of at Borrower’s sole cost and expense in accordance with all applicable Environmental Laws.

  • All laws, statutes, codes, ordinances, and governmental rules, regulations and requirements applicable to Borrower, Guarantor, Agent, any Lender and/or the Approved Assets.

  • Borrower shall comply (and shall cause each Approved Subsidiary to comply) with all Accessibility Regulations which are applicable to the Approved Assets.

  • Borrower shall not (and shall not permit any Approved Subsidiary to) install or permit to be installed any underground storage tank therein or thereunder, and shall comply (and cause each Approved Subsidiary to comply) with all Environmental Laws which are applicable to the Approved Assets.

  • Note: The «Available Assets» represent the Net (Free) Approved Assets after the Total Liabilities are deducted from the Total Approved Assets, as these are defined in the relevant Orders of Approved Investments for Insurance Undertakings.

  • The Permanent Loan Estimate (using Unencumbered Adjusted EBITDA for the previous four (4) quarters) for such Approved Assets.

  • You must use the Funding to acquire the Approved Assets (if any).

  • Borrower shall comply with all Accessibility Regulations which are applicable to the Approved Assets.

  • A schedule of all currently approved assets (the "Approved Assets") and their respective asset classifications, sub-limit categories and maximum Advance levels, as approved by Lender, is set forth on Schedule A attached hereto and made a part hereof.


More Definitions of Approved Assets

Approved Assets and "ranking liabilities" means such assets and liabilities as are specified to be approved assets and ranking liabilities by the Commission by notice;
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Approved Assets means those assets of EME which Laurus, in writing, approves for sale in connection with the Surplus Asset Sale.
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Approved Assets means senior obligations of Performance Guarantor, Mohawk Carpet Corporation, a Delaware corporation, and/or Aladdin Manufacturing Corporation, a Georgia corporation, payable to Mohawk Resources upon demand.
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Approved Assets. Section I(2).
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Approved Assets means the Assets specified on Schedule III hereto, as supplemented or amended upon the agreement of the Agent and the Borrower.
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Related to Approved Assets

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Sale Assets is defined in Section 5.2(a)(ii).

  • Fixed Assets means Equipment and Real Estate.

  • Designated Assets means any property or assets (including Capital Stock of any Subsidiary) of Holdings, the Restricted Parent, the Issuer and their respective Restricted Subsidiaries constituting a business, a line or unit of a business or used in operating a business substantially as an entirety.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Specified Assets the following property and assets of such Grantor:

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Subject Assets is defined in Section 2.2(c).

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Transferred Assets means the assets, rights and properties of the Sellers that the Purchasers shall acquire as of the Closing.