Eligible Equity Investments means Investments in Common Stock, Investments in Preferred Stock, Investments in Redeemable Preferred Stock, and Investments in Warrants that have been purchased or otherwise acquired by the Company or a Consolidated Subsidiary in the ordinary course of business; provided that no such Investment shall be an Eligible Investment unless (a) such Investment is evidenced by an instrument or agreement that has been duly authorized, executed and delivered and is enforceable against the issuer thereof, (b) such Investment, if applicable, is denominated and payable either in (1) United States dollars or (2) the currency of a jurisdiction other than the United States of America, provided that the aggregate amount of Investments permitted under this subclause (2) and clause (b)(2) of the definition of Eligible Debt Investments shall not exceed $100,000,000 at any one time, (c) such Investment is not subject to any Lien and, if such Investment is owned by a Consolidated Subsidiary, the Company shall not have pledged or otherwise encumbered the stock of such Consolidated Subsidiary or any direct or indirect parent thereof, (d) no right of rescission, set-off, counterclaim, defense or other material dispute has been asserted with respect to such Investment and (e) the issuer in respect of such Investment is not (1) an individual, (2) organized or incorporated under the laws of a jurisdiction other than a Permitted Country, (3) the subject of an Insolvency Event or (4) in default beyond any period of grace with respect to such Investment or any term of any agreement or instrument evidencing such Investment.
Eligible Equity Investments means, subject to the limits of Section 3.2, (i) shares of any Underlying Fund as set forth on Schedule F hereto, (ii) Index Assets, (iii) Cash and Cash Equivalents to the extent that the value of such Cash and Cash Equivalents is in excess of 3% of the value of the Fund’s Total Assets on any Exchange Business Day and (iv) such other instruments and investments as may be permitted (and subject to such terms as may be specified) in writing by the Warranty Provider in its sole discretion, which approval shall be evidenced by an amendment to Schedule A.
Eligible Equity Investments means common shares, preferred shares, convertible debt securities, depository receipts, rights and warrants of U.S. and non-U.S. issuers and any other equity or equity-type investments that the Fund may invest in pursuant to the Prospectus.
Examples of Eligible Equity Investments in a sentence
Permitted Investments are Eligible Equity Investments, Cash and Eligible Derivatives.
Eligible Investments: Collectively, Eligible Debt Investments and Eligible Equity Investments.
More Definitions of Eligible Equity Investments
Eligible Equity Investments means Investments in Equity Instruments that have been purchased or otherwise acquired by the Company or a Consolidated Subsidiary in the ordinary course of business; provided that no such Investment shall be an “Eligible Equity Investment” unless (a) such Investment is evidenced by an instrument or agreement that has been duly authorized, executed and delivered and is enforceable against the issuer thereof, (b) such Investment, if applicable, is denominated and payable either in (i) Dollars or (ii) Foreign Investment Currency, (c) such Investment is not subject to any Lien (other than an Inchoate Lien and Liens created by the Security Documents) and, if such Investment is owned by a Consolidated Subsidiary, the Company shall not have pledged or otherwise encumbered the stock of such Consolidated Subsidiary or any direct or indirect parent thereof (other than pursuant to the Security Documents), (d) no right of rescission, set-off, counterclaim, defense or other material dispute has been asserted with respect to such Investment, (e) the issuer in respect of such Investment is not (i) an individual, (ii) organized or incorporated under the laws of a jurisdiction other than a Permitted Country, (iii) the subject of an Insolvency Event or (iv) in default beyond any period of grace with respect to such Investment or any term of any agreement or instrument evidencing such Investment and (f) such Investment (other than the Unpledged Eligible Investments) and the proceeds thereof are subject to a first priority security interest (subject only to Inchoate Liens) created by the Security Documents.
Eligible Equity Investments means shares of the Underlying Fund and Cash and Cash Equivalents to the extent that such Cash and Cash Equivalents are in excess of 3% of the Fund's Total NAV on any Exchange Business Day.
Eligible Equity Investments means Investments in Equity Instruments that have been purchased or otherwise acquired by the Borrower or a Consolidated Subsidiary in the ordinary course of business; provided that no such Investment shall be an "Eligible Equity Investment" unless (a) such Investment is evidenced by an instrument or agreement that has been duly authorized, executed and delivered and is enforceable against the issuer thereof, (b) such Investment, if applicable, is denominated and payable either in (1) Dollars or (2) Foreign Investment Currency, (c) such Investment is not subject to any Lien (other than an Inchoate Lien) and, if such Investment is owned by a Consolidated Subsidiary, the Borrower shall not have pledged or otherwise encumbered the stock of such Consolidated Subsidiary or any direct or indirect parent thereof, (d) no right of rescission, set-off, counterclaim, defense or other material dispute has been asserted with respect to such Investment and (e) the issuer in respect of such Investment is not (1) an individual, (2) organized or incorporated under the laws of a jurisdiction other than a Permitted Country, (3) the subject of an Insolvency Event or (4) in default beyond any period of grace with respect to such Investment or any term of any agreement or instrument evidencing such Investment.
Eligible Equity Investments. Investments in common stock, preferred stock, redeemable preferred stock, and warrants that have been purchased or otherwise acquired by the Company or a Consolidated Subsidiary in the ordinary course of business; provided, that no such Investment shall be an Eligible Equity Investment unless (a) such Investment is evidenced by an instrument or agreement that has been duly authorized, executed and delivered and is enforceable against the issuer thereof, (b) such Investment, if applicable, is denominated and payable either in (1) United States dollars or (2) the currency of a jurisdiction other than the United States of America, provided, that the aggregate amount of Investments permitted under this subclause (2) and clause (b)(2) of the definition of Eligible Debt Investments shall not exceed the maximum amount permitted under applicable law, including, without limitation, the Investment Company Act and the Code, (c) such Investment is not subject to any Lien other than Liens granted on the equity interests of a Portfolio Company to secure Indebtedness used to finance the acquisition of such Portfolio Company and which Indebtedness is non-recourse to the Company or any Subsidiary and, if such Investment is owned by a Consolidated Subsidiary, the Company shall not have pledged or otherwise encumbered the stock of such Consolidated Subsidiary or any direct or indirect parent thereof, (d) no right of rescission, set-off, counterclaim, defense or other material dispute has been asserted with respect to such Investment, (e) the issuer in respect of such Investment is not (1) an individual, (2) the subject of a Bankruptcy Event or (3) in default beyond any period of grace with respect to such Investment or any term of any agreement or instrument evidencing such Investment and (f) the issuer in respect of such Investment is (1) organized or incorporated under the laws of the United States of America or (2) organized or incorporated under the laws of a jurisdiction other than the United States of America, provided, that (x) the aggregate amount of Investments permitted under this subclause (2) and clause (g)(2) of the definition of Eligible Debt Investments shall not exceed 25% of Total Assets at any time and (y) no single Investment permitted under this subclause (2) and clause (g)(2) of the definition of Eligible Debt Investments shall exceed 15% of Total Assets at any time.
Eligible Equity Investments means Investments in Equity Instruments that have been purchased or otherwise acquired by the Company or a Consolidated Subsidiary in the ordinary course of business; provided that no such Investment shall be an “Eligible Equity Investment” unless (a) such Investment is evidenced by an
Eligible Equity Investments means common shares, preferred shares, convertible debt securities, depository receipts, rights and warrants of U.S. and non-U.S. issuers.
Eligible Equity Investments means (i) shares of the Underlying Fund, (ii) S&P Futures, (iii) Cash and Cash Equivalents to the extent that such Cash and Cash Equivalents are in excess of 3% of the Fund's Total NAV on any Exchange Business Day, and (iv) such other types of instruments and investments as may be permitted (and subject to such terms as may be specified) by the Warranty Provider in its sole discretion; provided that Cash held as Futures Balance Cash or posted as Futures Margin Cash shall be included in Eligible Equity Investments irrespective of the percentage of Eligible Fixed-Income Investments invested in Cash and Cash Equivalents.