Impaired Assets definition

Impaired Assets means any security held in the Fund’s portfolio as of the date of this Agreement where the market price for such security is or becomes below the Amortized Cost Value for such security by 0.001%.
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Impaired Assets means those Net Assets: (i) as to which there exists as of the Closing Date a material breach of the representations and
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Impaired Assets means any asset (on- or off-balance sheet) where there is evidence of weakness in the licensed financial institution’s ability to collect the full amount of cash flows contracted to be received, based upon evidence of deterioration in the borrower's ability or willingness to settle the amounts due as prescribed by the original contracted terms and conditions.
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Examples of Impaired Assets in a sentence

  • The Group has adopted the Australian Prudential Regulation Authority Impaired Assets Guidelines in assessing non-accrual loans.

  • The aggregate amount of all Non-Performing and Materially Impaired Assets on the books of the Company and the Company Subsidiaries shall not exceed 2.0% of the gross amount of all loans on the books of the Company and the Company Subsidiaries.

  • Impaired Assets Financial assets that are classified as FVTPL, which represented 46% of our invested assets as at December 31, 2017, do not have allowances for losses since changes in the fair value of these assets are recorded to income and the assets are recorded at fair value on our Consolidated Statements of Financial Position.

  • During fiscal 1998, the Company determined that certain intangible assets recorded in connection with these acquisitions were impaired (see "Write-down of Impaired Assets" below).

  • An asset classified as “Substandard,” “Doubtful,” “Loss” or a similar category in accordance with the then-current regulations of the applicable Bank Regulatory Authority, excluding the Purchased Credit Impaired Assets.

  • They are not classified as Impaired Assets and therefore are not included within Impaired Assets.

  • On 1 July 2006 APRA released a new definition for Impaired Assets and this led to changes in both the quantum of Impaired Assets and certain credit quality performance metrics.The revised definition has added ‘Facilities overdue by 90 days that are not well secured’ to the definition of Impaired Assets.

  • Changes to Section 5 notes have also been made to reflect the revised definition for Impaired Assets.

  • At such Closing, SWECO shall deliver to the Trustee a report that sets forth in reasonable detail its estimate of the Impaired Assets Adjustment Amount, as determined by it in good faith and the basis therefor, and shall pay to the Trustee the disputed portion of the Impaired Asset Adjustment Amount, and the Trustee shall place such amount in an escrow account established by Order of the Court pending final determination of the Impaired Asset Adjustment Amount.

  • Impaired Assets — The PBM tests long-lived assets for impairment whenever events or circumstances indicate that a certain asset may be impaired.


More Definitions of Impaired Assets

Impaired Assets means those Net Assets: (i) as to which there
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Impaired Assets means the assets of DCB set forth on Schedule A to this Agreement, subject to adjustment as set forth in Section 3(d) of this Agreement.
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Impaired Assets means those Net Assets: (i) as to which there exists as of the Closing Date a material breach of the representations and warranties of the Seller set forth in clauses 8 b), c), d), e), f), g), h), i), j), k) and l) herein and which have not been cured by Seller; or] (ii) the subject of additional disclosures by Seller in the Closing Disclosure Schedule or any other notification or schedule made by Seller in writing and delivered to Buyer before the Closing Date, or (iii) for which the Seller has not procured the Required Approvals on or before the Closing Date and in each instance, either not capable of conveyance by the Seller to Buyer at Closing without a Required Approval or incapable of use for residential housing developments;
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Impaired Assets means (i) the No. 9 power boiler at the Woodland Mill, --------------- (ii) the Centralia Dam in Wisconsin, (iii) the sulfite recovery furnace at Port Xxxxxxx, Wisconsin, (iv) the primary clarifier at the Woodland Mill, (v) the wastewater pipelines at the Woodland Mill and (vi) the two obsolete recovery boilers at the Woodland Mill.
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Related to Impaired Assets

  • Impaired property means tangible property, other than "your product" or "your work", that cannot be used or is less useful because:

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Leased Assets shall have the meaning ascribed thereto in Section 3.6.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.

  • Transferred Assets has the meaning set forth in Section 2.1.

  • Retained Assets has the meaning set forth in Section 2.2.

  • Assigned Assets refers to the Technology, all Derivatives, all Intellectual Property Rights, all Embodiments and Business Assets, collectively.

  • Stored value means monetary value that is evidenced by an electronic record.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Purchased Property As defined in Section 2.01(a) of the Pooling Agreement.

  • Secured Assets means all of the assets now owned or hereafter acquired by the Credit Parties that are now or hereafter charged or intended to be charged by any of the Security Documents;

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Personal Property shall have the meaning set forth in the granting clause of the Mortgage.

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Salvage vehicle means any vehicle which is within the last ten (10) model years and which has been damaged by collision or other occurrence to the extent that the cost of repairing the vehicle for safe operation on the highway exceeds sixty percent (60%) of its fair market value, as defined by Section 1111 of this title, immediately prior to the damage. For purposes of this section, actual repair costs shall only include labor and parts for actual damage to the suspension, motor, transmission, frame or unibody and designated structural components;

  • Seller Liens shall have the meaning set forth in Section 4.3.

  • Conveyed Assets shall have the meaning set forth in Section 2.01.

  • Business Assets means all tangible and intangible property and assets owned (either directly or indirectly), leased, licensed, loaned, operated or used, including all real property, fixed assets, facilities, equipment, inventories and accounts receivable, by the Corporation and the Subsidiaries in connection with the Business;

  • Released Property shall have the meaning set forth in Section 2.9 hereof.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Impaired Agent means the Agent at any time when:

  • Excluded Assets has the meaning set forth in Section 2.2.