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 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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Examples of Ineligible Investments in a sentence

  • Ineligible Investments Unless specifically approved by the Plan, certain securities, strategies and investments are ineligible for inclusion within separately managed accounts in the Plan's asset base.

  • Requirements for Progression and Completion of Clinical Year (A3.15b) A physician assistant student must complete the following requirements to successfully complete the clinical year and graduate the Physician Assistant Program.

  • Ineligible Investments (Separately Managed Accounts) Unless specifically approved by the Board or set forth in the individual investment guidelines, certain securities, strategies and investments are ineligible for inclusion within separately managed accounts.

  • Ineligible Investments: The Commission shall not purchase federal agencies securities that take the form of inverse floaters, range notes, mortgaged-backed interest-only strips, or any floating-rate investments without a floor or invest in any funds as prohibited by the California Government Code or specifically stated within this Policy.Maximum Limits: VCTC’s investments will be subject to maturity limits and restrictions as imposed by the governing bodies of the agencies invested in.

  • 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.

  • 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.

  • 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.

  • Ineligible Investments Unless specifically approved by the Board, certain securities, strategies and investments are ineligible for inclusion within the Fund.

  • 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.

  • 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.


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 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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Ineligible Investments means all investments in third parties which are not Eligible Investments.
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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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Related to Ineligible Investments

  • Eligible Investments mean book-entry securities, negotiable instruments or securities represented by instruments in bearer or registered form which evidence:

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

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

  • 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.

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

  • Permitted Investments means:

  • 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.

  • Investments as defined in Section 7.8.

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

  • Eligible Investment Required Ratings A long-term debt rating of at least “A+” by S&P or a long-term debt rating of at least “A” by S&P and a short-term debt rating of at least “A-1” by S&P.