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.

Approved Assets means those assets of EME which Laurus, in writing, approves for sale in connection with the Surplus Asset Sale.

Examples of Approved Assets in a sentence

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.
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.
Borrower shall comply (and shall cause each Approved Subsidiary to comply) with all Accessibility Regulations which are applicable to the Approved Assets.
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.
All laws, statutes, codes, ordinances, and governmental rules, regulations and requirements applicable to Borrower, Guarantor, Agent, any Lender and/or the Approved Assets.
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.
Not later than forty-five (45) days after the end of each fiscal quarter, a copy of the rent roll for each of the Approved Assets as of the end of such quarter in form satisfactory to the Agent, and a tenant lease expiration summary, each certified as being true, correct and complete by the chief financial officer of the Borrower.
Not later than sixty (60) days after the end of each fiscal year, a copy of the pro forma operating and capital budgets for each of the Approved Assets for the succeeding fiscal year, which Budget shall be in form satisfactory to the Agent, in its reasonable discretion.

More Definitions of Approved Assets

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.

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 ▇▇▇▇▇'▇; (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 ▇▇▇▇▇'▇; (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 ▇▇▇▇▇'▇; (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;

Approved Assets means the Assets specified on Schedule III hereto, as supplemented or amended upon the agreement of the Agent and the Borrower.

Approved Assets. Section I(2).

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;