Eligible Marketable Securities as of any date means marketable securities which would be reflected on a consolidated balance sheet of the Company and its Subsidiaries prepared as of such date in accordance with GAAP, and which are permitted under the Company’s investment policies as in effect on the Issuance Date or approved thereafter by the Company’s Board of Directors.
Eligible Marketable Securities as of any date means marketable securities which would be reflected on a consolidated balance sheet of the Company and its Subsidiaries prepared as of such date in accordance with GAAP, and which are permitted under the Company’s investment policies as in effect on the Initial Issuance Date or approved thereafter by the Board.
Eligible Marketable Securities means, in the Lender's sole discretion, government/agency securities, in the NISI Account, and for which the Lender has received a Control Agreement executed and acknowledged by the Borrower and NISI.
Examples of Eligible Marketable Securities in a sentence
The Company's Cash, Cash Equivalents, Eligible Marketable Securities and Available Credit shall be determined as of the end of each calendar quarter.
Borrower may, from time to time upon thirty (30) days prior written notice to Bank, propose to add Oil and Gas Properties, Cash, Cash Equivalent, and/or Eligible Marketable Securities of Borrower to the Borrowing Base Properties.
Any such proposal to add Eligible Marketable Securities of Borrower or any Guarantor to the Borrowing Base properties shall be accompanied by evidence sufficient to establish that Borrower or such Guarantor has Marketable Title to such Eligible Marketable Securities, and such other data as Bank may reasonably request.
The Company shall at all times maintain Cash, Cash Equivalents, Eligible Marketable Securities and Available Credit of at least $2,500,000.
Borrower may, from time to time upon thirty (30) days prior written notice to Bank, propose to add Oil and Gas Properties, Cash, Cash Equivalent, and/or Eligible Marketable Securities of Borrower or any Guarantor to the Borrowing Base Properties.
More Definitions of Eligible Marketable Securities
Eligible Marketable Securities means the unrestricted shares of stock in R&B Falcon Corporation, and any other unrestricted shares of stock that are approved by the Bank in its sole discretion.
Eligible Marketable Securities means (i) equity Securities of a corporation the Securities of which are (or were at the date of acquisition) included in the S&P 500 Index and freely tradable upon issuance, (ii) freely tradable debt Securities which have (or had at the date of acquisition) an investment grade rating, and (iii) a freely tradable mutual fund which invests substantially all of its assets in such equity Securities and/or debt Securities; in each instance where held by a securities intermediary, subject to an account control agreement in form and substance satisfactory to the Collateral Agent. The term "freely tradable" shall mean freely tradable under the Securities Act (including pursuant to Rule 145(d)(1) thereunder).
Eligible Marketable Securities means (i) equity Securities of a corporation the Securities of which are included in the S&P 500 Index, (ii) debt Securities which have an investment grade rating, and (iii) a mutual fund which invests exclusively in such equity Securities and/or debt Securities.
Eligible Marketable Securities means marketable securities publicly traded on a nationally recognized securities exchange.
Eligible Marketable Securities means the Marketable Securities over which the Lender has control, in which the Lender has a first, exclusive and perfected security interest, and which are pledged to the Lender by Borrower and/or the Guarantors.
Eligible Marketable Securities means the sum of (a) all cash and Marketable Securities held by a Domestic Related Party which are (i) not subject to any offset or restriction and (ii) subject to a perfected security interest in favor of the Agent for the benefit of the Banks and not to any other Lien, less (b) $5,000,000.00; where "Marketable Securities" means: (A) commercial paper: securities related in the highest short-term debt category by at least two for the six Nationally Recognized Statistical Rating Organizations, those being: Moodx'x, X&P, Duff & Phelps, Fitch, Thomson Bank Watch, and International Bank Credit Analysis; (B) asset-backed securities: issues with a credit rating of AAA or better by Moody's or S&P; (C) corporate notes: securities with a credit rating of A or better by Moody's or S&P; or (D) money market: funds investing in like instruments.
Eligible Marketable Securities means the sum, valued at current market value, of (a) all cash held by a Related Party and Marketable Securities held by a Domestic Related Party, excluding Golden Eagle, which (i) are not subject to any offset, restriction or any other Lien other than for the benefit of Bank One, (ii) are subject to a perfected security interest in favor of the Administrative Agent for the benefit of the Banks pursuant to the Security Documents and (iii) with respect to any cash in excess of $10,000,000.00 is subject to a perfected security interest in favor of the Administrative Agent for the benefit of the Banks, less (b) $5,000,000.00; provided that in the event such sum is less than zero dollars ($0) (i.e. negative), the sum shall be deemed to be zero dollars ($0).