Combined Asset Value definition

Combined Asset Value or “Commitment Amount” means the total of (a) the Free Credit Balance in your Account, (b) the value of Deposit Account balances, and (c) the Margin Loan Value of your Account. Accounts limited to cash transactions have no Margin Loan Value.
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Combined Asset Value means the book value of the assets of the Borrower (including Minority Holdings) and its Consolidated Subsidiaries, calculated on a consolidated basis, in accordance with GAAP, but without deduction for depreciation and net of monetary obligations which are not for borrowed money (such as accounts payable and working capital liabilities).
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Combined Asset Value means the total of (a) the Free Credit Balance in your Account, (b) the value of Fund shares in your Ac- count, and (c) the Margin Loan Value of your Account. Accounts limited to cash transactions have no Margin Loan Value.
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Examples of Combined Asset Value in a sentence

  • Stifel will add to the Combined Asset Value of your Account the amount of any deposits in accordance with its funds availability policy.

  • Your Available Balance may differ from your Free Credit Balance and Combined Asset Value.

  • You agree that to the extent the Combined Asset Value in your Securities Account has been committed to the payment of any Transactions, such amount is not otherwise withdrawable from your Securities Account.

  • While a value may appear on your statement for fund positions and other securities not held at Stifel, such value will not be included for purposes of determining Combined Asset Value.

  • You promise not to make a Transaction (such as making a Card Purchase or writing a Check) that exceeds your Combined Asset Value.

  • You must maintain sufficient Available Cash in your Securities Account and Fund shares ("Combined Asset Value") to pay any checks you write.

  • Payments for checks will be satisfied from the Combined Asset Value of your ▇▇▇ Plus Account in the following order: First, from cash in your Securities Account; second, from the proceeds of redeeming Designated Fund shares (if any); and third, from the proceeds of redeeming other Fund shares (if any).

  • Borrower may use proceeds of the Loans to make Alternative Investments, provided, however, that as of the last day of each calender quarter, the total book value, calculated in accordance with GAAP but without deduction for depreciation, of Alternative Investments made from and after the closing of the Merger shall not exceed 20% of Combined Asset Value.

  • Secured Debt of the Borrower and its Consolidated Subsidiaries shall at no time exceed 37.5% of Combined Asset Value of the Borrower and its Consolidated Subsidiaries.

  • Unimproved Land Value of the Borrower and its Consolidated Subsidiaries shall at no time exceed ten percent (10%) of Combined Asset Value of the Borrower and its Consolidated Subsidiaries.