Asset Requirement definition

Asset Requirement means a requirement imposed under section 55L of the Act which, per section 55P(4)(a), prohibits or restricts the disposal of or dealing with AJH’s assets;

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Asset Requirement means a requirement which can be added to a firm’s Part 4A

Asset Requirement means that the Asset Requirement Ratio is such percentage agreed to by the Issuer and confirmed in a Credit Confirmation.

Examples of Asset Requirement in a sentence

• Reserve Asset Requirement means any liquidity, reserve ratio, special deposit or similar requirement (or other requirement having the same or similar purpose) of any Regulatory Authority, whether or not having the force of Law with which the Bank has complied.

• Such additional percentage rate as the Bank shall determine to be necessary to compensate the Bank, for the cost to the Bank, during the period of the facility, of funding or maintaining a facility in the relevant amount, by reason of the Reserve Asset Requirement relative to such period.

• The term "OCJ Benefit Deficit" means the excess, if any, of (a) the OCJ Asset Requirement over (b) the fair market value, determined as of December 31, 2000, of the Part I Assets held under the OCJ Pension Plan to the extent such Part I Assets are transferred to or remain with Wang, Olsy, Olsy Japan, Olsy Brazil or any Controlled Subsidiary (or a trust or other funding arrangement to which Wang, Olsy, Olsy Japan, Olsy Brazil or any Controlled Subsidiary is a party) as of such date.

• The Trustee shall have been provided with a Cash Flow Projection giving effect to such issuance of Notes which shall reflect that, after such issuance, the Senior Asset Requirement will be met; provided that no such Cash Flow Projection shall be required if Unenhanced Notes are then Outstanding and each Rating Agency confirms in writing to the Trustee that it will not require such Cash Flow Projection.

• The 2002 Series A Mortgage Loans shall bear interest at such rate or rates and shall be purchased at such price or prices specified by the Authority as shall be consistent with the then current Cash Flow Statement and an Authority Certificate demonstrating that the 2002 Series A Class I Asset Requirement and the 2002 Series A Class II Asset Requirement will be met after taking into account such rate or rates and/or purchase price or prices.

• Into the Operating Account, provided the Asset Requirement is maintained, the amount, if any, necessary to pay any other amounts due to Credit Providers (other than any contingent amount or Contingent Default Amount).

• Give to the Trustee, within 30 days of approval by the Issuer of (i) the annual consolidated financial statements and (ii) the consolidated financial statements for the six month period, a certificate by the Auditors certifying that the Issuer as at the date of such financial statements was in compliance with the Minimum Asset Requirement.

• Currently, the Senior Asset Requirement requires that the Senior Asset Percentage is at least 107% and the Subordinate Asset Percentage is at least 101.5%.

• The Liquid Asset Requirement, and any subsequent changes to the Liquid Asset Requirement, must be submitted to the OCC for prior supervisory non-objection.

• Notice to Trustee; Senior Asset Requirement and Subordinate Asset Requirement.

More Definitions of Asset Requirement

Asset Requirement. The term "OCJ Asset Requirement" means the present value of all benefits, whether or not vested, accrued under the OCJ Pension Plan for each OCJ Designated Employee as of December 31, 2000, 112 121 determined under U.S. Benefit Accounting Standards. For purposes of the foregoing, (a) all service of the OCJ Designated Employees through the Closing Date, projected future increases in remuneration, and cost of living adjustments to pensions shall be taken into account, (b) the actuarial method to be used will be the Projected Unit Credit Method as prescribed in U.S. Benefit Accounting Standards, and (c) the actuarial assumptions to be used shall be the assumptions specified in Schedule 6.18(b). If an actuarial assumption is required but is not specified in Schedule 6.18(b), an assumption proposed by Wang (on a basis which is in accordance with U.S. Benefit Accounting Standards) and consented to by Olivetti, which consent shall not be unreasonably withheld, shall be used.

Asset Requirement means the requirement that, as of any date of calculation, the sum of (a) amounts held in the Revenue Fund, Acquisition Account, Debt Service Fund, Redemption Fund and Debt Service Reserve Fund, and (b) the aggregate unpaid principal balance of the MBS and Mortgage Loans, be at least equal to 102% of the aggregate principal amount of Bonds then Outstanding or such lower percentage as will not adversely affect the then existing rating on the Bonds by each Rating Agency then rating the Bonds.