Interim Investments means the short-term investments made with the Net Proceeds of the Offering until such Net Proceeds of the Offering are disbursed for acquisition of Properties.
Interim Investments means each of the following provided that, in each case, such obligations are payable in United States Dollars:
Interim Investments means the short-term investments made with the Net Proceeds of the Offering until such Net Proceeds of the Offering are disbursed for acquisition of the Operating Partnership Interests. "Investor" means (i) any Person who holds an Assignee Unit and is reflected as an Investor on the books and records of the Fund, and (ii) any Investor who has been admitted to the Fund as a Substitute Limited Partner pursuant to Section 7.5 hereof. "Investment in Properties" means the amount of Capital Contributions used to make or invest in mortgage loans or the amount actually paid or allocated to the purchase and development of the Facilities or the Operating Partnership Interests (including the purchase of properties, working capital reserves allocable thereto (except that working capital reserves in excess of 5% shall not be included), and other cash payments such as interest and taxes but excluding Front-End Fees). "Limited Partner" means any Person who is designated as a Limited Partner on the books and records of the Fund at the time of reference thereto, in each such Person's capacity as a Limited Partner of the Fund. "Limited Partnership Interest" means the ownership interest of the Assignor Limited Partner and all other Limited Partners in the Fund. "Limited Partnership Interest Percentage" in respect of any Investor means the percentage obtained by converting to a percentage the fraction having the number of Assignee Units owned by such Investor as its numerator and having the number of Assignee Units owned by all Investors at the time of reference thereto as its denominator. "Majority Vote of the Investors" shall mean the affirmative vote of Investors owning more than 50% of the outstanding Units. "Management Agreements" means those certain agreements to be entered into by the Operating Partnerships and the Nursing Center Manager pursuant to which the Nursing Center Manager shall manage each of the Facilities for a fee of 6% of the total revenues of the Facilities, provided however, that one-half of the management fee (3% of total revenues) payable in respect of a Development
Examples of Interim Investments in a sentence
Pending such investment, the Net Subscription Proceeds will be invested in Authorized Interim Investments.
Pending investment in Mortgages, the net proceeds will be invested in Authorized Interim Investments.
Pending investment in Mortgages, the Net Subscription Proceeds will be invested in Authorized Interim Investments.
Christman, and upon receiving a motion and a second, the Board of Education voted on approving the Monthly Financial Report consisting of the Financial Statements and Interim Investments for the month and year-to-date ended February 29, 2020 (attached Exhibit T-1 in Subject Section 8.2).
Christman, and upon receiving a motion and a second, the Board of Education voted on approving the Monthly Financial Report consisting of the Financial Statements and Interim Investments for the month and year-to-date ended September 30, 2018 (attached Exhibit T-1 in Subject Section 8.2).
More Definitions of Interim Investments
Interim Investments means the highly-liquid, short-term investments, including bank certificates of deposit, publicly-available money-market funds having assets in excess of $50,000,000 (including money-market funds managed by the General Partner or its Affiliates), short-term government obligations, bankers' acceptances, high grade commercial paper, GNMA or FNMA mortgage pass-through certificates or discount notes and similar investments as determined by the General Partner in its sole discretion, made with the Net Proceeds of the Offering until such Net Proceeds of the Offering are disbursed for acquisition of Properties or retained as Working Capital Reserves; provided, however, that such investments do not consist of deposits of funds with affiliated financial institutions or money market mutual funds unless such deposits (i) do not exceed five percent (5%) of all deposits held by such entity and do not require the payment of any fees by the Partnership, (ii) are not part of "compensating balance" arrangements for the benefit of other than the Partnership and (iii) earn interest or dividends at a rate competitive with those available from similar independent depositories.
Interim Investments means the short-term investments made with the Net Proceeds of the Offering until such Net Proceeds of the Offering are disbursed for acquisition and development of the Properties. "Land Acquisition Agreements" means those certain agreements to be entered into by the Partnership and Benchmark Homes, Inc., pursuant to which the Partnership will acquire from Benchmark Homes, Inc. the parcels of land upon which will be constructed the Properties. "Limited Partner" means any Person who is designated as a Limited Partner on the books and records of the Partnership at the time of reference thereto, in each such Person's capacity as a Limited Partner of the Partnership. "Limited Partnership Interest" means the ownership of the Assignor Limited Partner and all other Limited Partners in the Partnership. "Limited Partnership Interest Percentage" in respect of any Unitholder means the percentage obtained by converting to a percentage the fraction having the number of Assignee Units owned by such Unitholder as its numerator and having the number of Assignee Units owned by all Unitholders at the time of reference thereto as its denominator. "Majority Vote of the Unitholders" shall mean the affirmative vote of Unitholders owning more than 50% (or such greater percentage if required by law) of the outstanding Units. "Marketing Expenses" means the amount reimbursed to the Property Manager for costs and expenses incurred in marketing the Properties to prospective tenants, which amount shall not exceed $100,000 for any Property. "Maximum Offering Amount" means the total amount of $12,500,000 in Gross Proceeds of the Offering.
Interim Investments means investments in United States government securities of not more than twelve months’ maturity at the time of purchase, securities of United States governmental agencies of not more than twelve months’ maturity at the time of purchase, commercial paper having a rating of “A-1” or better with Standard & Poor’s Corporation or a rating of “P-1” or better with Xxxxx’x Investors Service, Inc., money market funds which invest exclusively in such securities or commercial paper, and bankers’ acceptances and certificates of deposit having ratings of A-1 or P-1 or better (collectively, “Cash Equivalents”), pending investment or disbursement by the Fund in accordance with this Agreement or to provide a source from which to meet contingencies.
Interim Investments means the highly-liquid, short-term investments, including bank certificates of deposit, publicly-available money-market funds having assets in excess of $50,000,000 (including money-market funds managed by the General Partner or its Affiliates), short-term government obligations, bankers' acceptances, high grade commercial paper, GNMA or FNMA mortgage pass-through certificates or discount notes and similar investments as determined by the General Partner in its sole discretion, made with the Net Proceeds of the Offering until such Net Proceeds of the Offering are disbursed for acquisition of Properties or retained as Working Capital Reserves; provided, however, that such investments do not consist of deposits of funds with affiliated financial institutions or money market mutual funds unless such deposits (i) do not exceed five percent (5%) of all deposits held by such entity and do not require the payment of any fees by the Partnership, (ii) are not part of "compensating balance" arrangements for the benefit of other than the Partnership and (iii) earn interest or dividends at a rate competitive with those available from similar independent depositories. "Investor" means (i) any Person who holds an Assignee Unit and is reflected as an Investor on the books and records of the Partnership, and (ii) any Investor who has been admitted to the Partnership as a Substitute Limited Partner pursuant to Section 7.5 hereof. "Investment in Properties" means the amount of Capital Contributions actually paid or allocated to the purchase and development of the Properties (including the purchase of Properties, Working Capital Reserves allocable thereto (except that Working Capital Reserves in excess of 3% shall not be included), and other cash payments such as interest and taxes, but excluding Front-End Fees). "Leases" means those certain agreements to be entered into by the Partnership and the Parking Lot Operator pursuant to which the Parking Lot Operator shall lease, operate and manage each of the Properties. "Limited Partner" means any Person who is designated as a Limited Partner on the books and records of the Partnership at the time of reference thereto, in each such Person's capacity as a Limited Partner of the Partnership. "Limited Partnership Interest" means the ownership interest of the Assignor Limited Partner and all other Limited Partners in the Partnership.
Interim Investments means cash, cash equivalent securities and other short-term investments of Partnership funds held for future investment in Strategic Investments or other Partnership purposes.
Interim Investments means the short-term investments made with the Net Proceeds of the Offering until such Net Proceeds of the Offering are disbursed for acquisition of Properties. "Investor" means (i) any Person who holds an Assignee Unit and is reflected as an Investor on the books and records of the Partnership, and (ii) any Investor who has been admitted to the Partnership as a Substitute Limited Partner pursuant to Section 7.5 hereof. "Investment in Properties" means the amount of Capital Contributions actually paid or allocated to the purchase and development of the Properties (including the purchase of properties, working capital reserves allocable thereto (except that working capital reserves in excess of 5% shall not be included), and other cash payments such as interest and taxes but excluding Front-End Fees). "Investment Advisory Agreement" means the agreement referred to in the Prospectus by and between the Partnership and Allright Auto Parks, Inc.
Interim Investments are defined as short-term securities issued or guaranteed by the U.S. government or an agency or instrumentality thereof, or in repurchase agreements fully collateralized by such securities. For the purpose of calculating the fee, the values of the Company's assets will be determined as of the end of each calendar quarter by its Board of Directors. The Company will pay the quarterly fee as soon as practicable after the values for the applicable quarter have been determined. If the termination of the Adviser's services hereunder does not coincide with the last day of a calendar quarter, then any fee determined in accordance with this paragraph shall be multiplied by the ratio of the number of days in such quarter during which Adviser rendered services to the total number of days in such quarter.