Investable assets means cash and cash equivalents on deposit in the prepaid expense trust fund and investments of amounts deposited to the prepaid expense trust fund.
Investable assets means the net assets attributable to the outstanding common stock of the Fund plus the liquidation preference of outstanding preferred stock, the principal amount of any borrowings and the principal on debt securities issued by the Fund. For purposes of this calculation, average daily value of the Fund’s investable assets is determined at the end of each month on the basis of the average value of the Fund’s investable assets of the Fund for each day during the month. Expense caps or fee waivers for the Fund that may be agreed to by the Manager, but not agreed to by the Subadviser, shall not cause a reduction in the amount of the payment to the Subadviser by the Manager.
Investable assets means the net assets attributable to the outstanding common stock of the Fund plus the liquidation preference of outstanding preferred stock, the principal amount of any borrowings and the principal on debt securities issued by the Fund. For purposes of this calculation, average daily value of the Fund’s investable assets is determined at the end of each month on the basis of the average value of the Fund’s investable assets of the Fund for each day during the month. Except as provided in this section, the Fund shall not pay any other fee or other compensation to the Manager for the services provided by the Manager under this Agreement and the expenses assumed by the Manager pursuant to this Agreement.
Examples of Investable assets in a sentence
Investable assets are determined by subtracting the aggregate fair value of the liabilities of the Company (excluding any convertible debentures or debenture issued by the Company) from the aggregate fair value of the assets of the Company on the date on which the calculation is being made.
Investable assets is the total of the Company's investments, cash and cash equivalents, loan to a related party and the portion of the funds withheld balance that comprises fixed maturity securities and cash and cash equivalents.
More Definitions of Investable assets
Investable assets means funds on deposit consisting of Assumed Premium, cash Indemnity Collateral, and investment income less Aggregate Reinsurance Expenses, Segregated Account Expenses, paid Losses, and paid Federal Income Tax, if any.
Investable assets means all assets other than cash and cash deposits held pending contribution to the Master ICAV, distribution to Shareholders or required for ICAV fees and expenses.
Investable assets shall include cash, investments, other investable balances (which shall be deemed to include real estate held for investment purposes) and balances due from affiliates, and fixed maturity investments will be included at amortized cost to Xxxx X. Xxxxxxx December 21, 2010 Page 2 eliminate any effects of classification for SFAS 115 purposes. The average amount of Investable Assets, as so determined, will be (1) increased or decreased, as applicable, to eliminate the effect of any Excluded Item (other than any such item involving a realized investment gain or loss), (2) increased (decreased) by the amount of dividends in excess of (lesser than) $2,000,000, (3) decreased by the amount of the consideration paid (regardless of the form thereof) in connection with the acquisition of any Acquired Entity as described above and (4) decreased for any capital contributed by Delphi. For the avoidance of doubt, the adjustments for which the preceding sentence provides shall apply with respect to the year in which the applicable event giving rise to the adjustment occurs and shall also be applied in subsequent years so as to reflect the continuing effects of such event. For each year, the end-of-year Investable Assets balance shall be (i) decreased by the amount of any realized investment gains recognized during such year, net of any current federal income tax expenses resulting from the recognition of such gains, and (ii) increased by the amount of any realized investment losses recognized during such year, net of any current federal income tax benefits resulting from the recognition of such losses. All determinations and calculations regarding tax expenses and benefits pursuant to the preceding sentence shall be made by Delphi. For each year (other than the 2008 year), the beginning-of-year Investable Assets balance for such year shall be deemed to be equal to the end-of-year Investable Assets balance for the preceding year, taking into account any adjustments thereto made pursuant to the preceding paragraph.” Except as provided above, the Award Agreement shall remain in full force and effect according to its terms. If you are in agreement with and consent to the terms and conditions of this Second Amendment, please confirm such agreement and consent by executing both counterparts of this Second Amendment and returning one fully executed counterpart to me. The other counterpart should be retained for your files. Very truly yours, /s/ XXXX X. XXXXXXX Xxxx X. Xxxxxxx Sen...
Investable assets shall have the meaning as set forth in the Recitals.
Investable assets means the total assets of the Fund (including any assets attributable to money borrowed, including as a result of any shares of preferred stock or notes or other debt securities that may be issued by the Fund) minus the sum of (i) accrued liabilities of the Fund (other than liabilities for money borrowed, including the liquidation preference of any outstanding preferred stock, and principal on notes and other debt securities issued by the Fund), (ii) any accrued and unpaid interest on money borrowed and (iii) accumulated dividends on any outstanding shares of common stock and preferred stock issued by the Fund. For purposes of this calculation, average daily value of the Fund’s investable assets is determined at the end of each month on the basis of the average value of the Fund’s investable assets of the Fund for each day during the month. Liability for payment of compensation by the Manager to the Subadviser under this Agreement is contingent upon the Manager’ receipt of payment from the Fund for management services described under the Management Agreement between the Fund and the Manager. Expense caps or fee waivers for the Fund that may be agreed to by the Manager, but not agreed to by the Subadviser, shall not cause a reduction in the amount of the payment to the Subadviser by the Manager.
Investable assets. All cash and securities supervised and directed by HG Re Ltd. pursuant to these Guidelines.
Investable assets means the total assets of the Fund (including any assets attributable to money borrowed, including as a result of any preferred shares or notes or other debt securities that may be issued by the Fund) minus the sum of (i) accrued liabilities of the Fund (other than liabilities for money borrowed, including the liquidation preference of any outstanding preferred shares, and principal on notes and other debt securities issued by the Fund), (ii) any accrued and unpaid interest on money borrowed and (iii) accumulated dividends on any outstanding common shares and preferred shares issued by the Fund.For purposes of this calculation, average daily value of the Fund’s investable assets is determined at the end of each month on the basis of the average value of the Fund’s investable assets of the Fund for each day during the month. Except as provided in this section, the Fund shall not pay any other fee or other compensation to the Manager for the services provided by the Manager under this Agreement and the expenses assumed by the Manager pursuant to this Agreement.