Ineligible Investments definition

Ineligible Investments means any investments that have not been designated as Eligible Investment in the Custodial Account by the Custodian.
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Ineligible Investments means a security or instrument that is neither an Eligible Equity Investment nor an Eligible Fixed-Income Investment.
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Ineligible Investments means any portion of the Collateral which represents an investment by Borrower in a company or other entity which is in bankruptcy or which is in default under any loan to such company or other entity and as to which loan (i) all cure periods have expired and (ii) no written waivers of such default have been issued by the lender under such loan. The sale or other disposition by Borrower of any portion of the Collateral shall result in an immediate reduction in Eligible Portfolio Value, which reduction shall be equal to the value assigned to such sold or disposed of Collateral in the then most current Investment History and Portfolio Valuation Report (hereinafter defined) prepared and presented to Lender in accordance with the provisions of Section 9(c) of this Loan Agreement. Borrower shall be permitted to increase or decrease the Eligible Portfolio Value, by the addition or deletion of Collateral, provided that at the time Borrower elects to delete Collateral, (i) no Event of Default (hereinafter defined) exists and (ii) such deletion does not cause the then outstanding principal balance of the Note to exceed the Borrowing Base, as the Borrowing Base will exist after the deletion of such Collateral. Lender agrees, to the extent Borrower is entitled to any release of Collateral under the terms of this Agreement or any other Loan Document, upon receipt of a request from Borrower, to promptly execute any written release of pledge required by The Frost National Bank, as custodian of the Collateral, as required pursuant to Section 4 of that certain Safekeeping Agreement (Corporate – No Foreign Securities) dated as of March 15, 2004, as amended, between The Frost National Bank and Borrower. All Advances under the Credit Facility shall be collectively called the “Loan”. Each request for an Advance shall be evidenced by Borrower’s delivery to Lender of a Borrowing Request substantially in the form attached as Exhibit B hereto (the “Borrowing Request”). Each continuation or conversion of the interest rate election made by Borrower with respect to Advances outstanding under the Note (as hereinafter defined) shall be evidenced by Borrower’s delivery to Lender of a Conversion/Continuation Notice substantially in the form attached as Exhibit C hereto (the “Conversion/Continuation Notice”).
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Examples of Ineligible Investments in a sentence

  • The fee payable by the Borrower to the Backup Servicer pursuant to the Backup Servicing Agreement and Section 7.3hereof.

  • Ineligible Investments - Ineligible investments are those that are not described herein, including but not limited to, common stocks, reverse repurchase agreements, inverse floaters, range notes, mortgage derived interest only strips, derivatives securities, or any security that could result in zero interest accrual.

  • She reminded the Board that they had created new soil and non-soil fumigation categories with rulemaking, and private applicators who want to make these types of applications will need to have these supplemental categories to be able to do this work.• Flewelling stated he did not remember discussing the supplemental licensing.

  • If I transfer into my Account marketable securities that are Ineligible Investments, I agree to give instructions to Xxxxxx Xxxxx to sell or otherwise remove them from my Account within the time frame determined by Xxxxxx Xxxxx.

  • Ineligible Investments Ineligible investments include common stock, inverse floaters, range notes, mortgage- derived interest only strips and any security that could result in zero interest accrual if held to maturity or any security that does not pay (cash or earn accrued) interest in one year or at least semi-annually in subsequent years and any investment not authorized by this pol- icy unless otherwise allowed by law and approved by the Board of Supervisors.

  • Ineligible Investments Due to the vast number of types of financial instruments, as well as financial engineering, the following list of ineligible investments is not considered to be exhaustive.

  • By way of example, and not by way of limitation, if Seller shall have failed to perform three obligations of the type referred to in Section 2.12(b) hereof, each causing damages of $70,000, then payment in the amount of $10,000 shall be made to Purchaser as provided herein (representing the excess of such damages over the Basket Amount of $200,000).

  • General Parameters Ineligible Investments Ineligible investments include common stock, inverse floaters, range notes, mortgage-derived interest only strips and any security that could result in zero interest accrual if held to maturity or any security that does not pay (cash or earn accrued) interest in one year or at least semi-annually in subsequent years and any investment not authorized by this policy unless otherwise allowed by law and approved by the Board of Supervisors.

  • Reverse Repurchase Agreements to more clearly delineate which additional restrictions apply to repurchase agreements and which apply to reverse repurchase agreements.M. Ineligible Investments In the first bullet, we recommend that the District strike the language related to “complex” security types, as this terminology may be misleading and ambiguous.

  • If I transfer into my Account marketable securities that are Ineligible Investments, such investments will be sold from my account unless I give instructions to my Financial Advisor to transfer the assets to another account at Xxxxxx Xxxxx eligible to hold such investments prior to the establishment of my initial portfolio.


More Definitions of Ineligible Investments

Ineligible Investments means any portion of the Collateral which represents an investment by Borrower in a company or other entity which is in bankruptcy or which is in default under any loan to such company or other entity and as to which loan (i) all cure periods have expired and (ii) no written waivers of such default have been issued by the lender under such loan. The sale or other disposition by Borrower of any portion of the Collateral shall result in an immediate reduction in Eligible Portfolio Value, which reduction shall be equal to the value assigned to such sold or disposed of Collateral in the then most current Investment History and Portfolio Valuation Report (hereinafter defined) prepared and presented to Lender in accordance with the provisions of Section 10(c) of this Loan Agreement. Borrower shall be permitted to increase or decrease the Eligible Portfolio Value, by the addition or deletion of Collateral, provided that at the time Borrower elects to delete Collateral, (i) no Event of Default exists and (ii) such deletion does not cause the then outstanding principal balance of the Note to exceed the Borrowing Base, as the Borrowing Base will exist after the deletion of such Collateral. All Advances under the Credit Facility shall be collectively called the “Loan”. Lender reserves the right to require Borrower to give Lender not less than one (1) business day prior notice of each requested Advance under the Credit Facility, specifying (i) the aggregate amount of such requested Advance, (ii) the requested date of such Advance, and (iii) the purpose for such Advance, with such Advances to be requested in a form satisfactory to Lender.
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Ineligible Investments means all other investments of the Company that (a) are not Eligible Investments,(b) do not meet the Eligibility Requirements for purposes of calculating the Over-Collateralization Test or(c) represent Excess Portfolio Investments.
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Ineligible Investments means all investments in third parties which are not Eligible Investments.
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Related to Ineligible Investments

  • Eligible Investments Any one or more of the following obligations or securities:

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Liquid Investments means (a) readily marketable direct full faith and credit obligations of the United States of America or obligations unconditionally guaranteed by the full faith and credit of the United States of America; (b) commercial paper issued by (i) any Lender or any Affiliate of any Lender or (ii) any commercial banking institutions or corporations rated at least P-1 by Moody’s or A-1 by S&P; (c) certificates of deposit, time deposits, and bankers’ acceptances issued by (i) any of the Lenders or (ii) any other commercial banking institution which is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $250,000,000 and rated Aa by Moody’s or AA by S&P; (d) repurchase agreements which are entered into with any of the Lenders or any major money center banks included in the commercial banking institutions described in clause (c) and which are secured by readily marketable direct full faith and credit obligations of the government of the United States of America or any agency thereof; (e) investments in any money market fund which holds investments substantially of the type described in the foregoing clauses (a) through (d); (f) readily and immediately available cash held in any money market account maintained with any Lender; provided that, such money market accounts and the funds therein shall be unencumbered and free and clear of all Liens and other third party rights other than a Lien in favor of the Administrative Agent pursuant to the Security Documents; and (g) other investments made through the Administrative Agent or its Affiliates and approved by the Administrative Agent. All the Liquid Investments described in clauses (a) through (d) above shall have maturities of not more than 365 days from the date of issue.

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Permissible Investment means the investments specified by the Employer as available for investment of assets of the Trust and agreed to by the Trustee. The Permissible Investments under the Plan shall be listed in the Service Agreement.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Qualified Investments means any of the following if and to the extent permitted by law:

  • Eligible Investor Either (i) a Qualified Institutional Buyer that is purchasing for its own account or for the account of a Qualified Institutional Buyer to whom notice is given that the offer, sale or transfer is being made in reliance on Rule 144A or (ii) an Institutional Accredited Investor.

  • Eligible interests means interests or memberships.

  • Specified Investments means (a) direct obligations of the United States of America or obligations fully guaranteed by the United States of America; (b) commercial paper rated A-1/P-1 by S&P and Moody's, respectively or, if such ratings are unavailable, rated by any nationally recognized rating organization in the United States equal to the highest rating assigned by such rating organization; (c) investments in negotiable certificates of deposit, time deposits, banker's acceptances, commercial paper or other direct obligations of, or obligations guaranteed by, commercial banks organized under the laws of the United States or of any political subdivision thereof (or any U.S. branch of a foreign bank) with issuer ratings of at least B/C by Thomson Bankwatch, having maturities no later than 90 days following the date of such investment; (d) overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers; or (e) overnight repurchase agreements with respect to the securities described in clause (a) above entered into with an office of a bank or trust company which is located in the United States of America or any bank or trust company which is organized under the laws of the United States or any state thereof and has capital, surplus and undivided profits aggregating at least $500 million. SSB. State Street Bank and Trust Company of Connecticut, National Association, a national banking association or any successor Owner Trustee in its individual capacity.

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent) or if not rated, determined by the Adviser to be of comparable quality.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

  • Investment Account As defined in Section 3.12(a).

  • Permitted Investments means:

  • Alternative Investments means investments in the said State which are within the ability and competence of the Company or of corporations which are related to the Company for the purposes of the Companies (Western Australia) Code and which are approved by the Minister from time to time as alternative investments for the purpose of this Agreement (which approval shall not be unreasonably withheld in the case of an investment which would add value or facilitate the addition of value, beyond mining, to the mineral resources of the said State);”;

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Portfolio Investments has the meaning set forth in the introductory section of this Agreement.

  • Investments as defined in Section 7.8.

  • Approved Investment means any type of security, instrument, participation or interest in property, as set forth on Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I, I-A or I-B) in which Cash Collateral may be invested or reinvested by Bank in accordance with Paragraph 2 of Article IV hereof.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Quoted Investments has the meaning set forth in Section 5.12(b)(ii)(A).

  • Eligible Investment Required Ratings means, in the case of each Eligible Investment, a short-term credit rating of at least “A-1” (or, in the absence of a short-term credit rating, “AA-” or better) from S&P.

  • Widely Held Fixed Investment Trust as that term is defined in Treasury Regulations section 1.671-5(b)(22) or successor provisions.