Prohibited Asset definition

Prohibited Asset. CLASSES The following asset classes are prohibited investments: Interest only CMO class Principal only CMO class Inverse floater CMO class Forwards* Futures* Options* * Except as explicitly discussed under Permitted Asset Classes. EXHIBIT B CUSTODIAN FEES AND COSTS FIRST TRUST NATIONAL ASSOCIATION Proposed Fee Schedule For Acting As Custodian ARM FINANCIAL, INC.
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Prohibited Asset means any of the following asset types: aircraft lease securities, enhanced equipment trust certificates, structured settlement securities, tobacco settlement securities, manufactured housing securities, 12(b)-1 fee securities, future flow securities, emerging markets securities, sub and re-performing credit card securities, franchise loan securities, market value collateralized debt obligations, collateralized loan obligations or CDO of CDO Securities.
Sample 1
Prohibited Asset means any of the following types of asset-backed securities that do not (in each case) otherwise satisfy the definition of Specified Type): aircraft lease securities, enhanced equipment trust certificates, structured settlement securities, tobacco settlement securities, manufactured housing securities, 12(b)-1 fee securities, future flow securities, emerging markets securities, sub and reperforming credit card securities, Franchise Loan Securities, Market Value CDO Securities, CLO Securities or CDO of CDO Securities.
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Examples of Prohibited Asset in a sentence

  • Prohibited Asset ClassesProhibited investments include, but are not limited to the following:1.

  • Judge Cançado Trindade then reviews the ICJ case-law on the determination of breaches of obligations under Provisional Measures of Protection (part VI), when the Court has done so at the end of the proceedings as to the merits of the corresponding cases, namely, besides the present Judgment, the previous Judgments of the ICJ as to the merits in the three cases of LaGrand (2001), of Armed Activities on the Territory of the Congo (2005), and of the Bosnian Genocide (2007).

  • Liquid (Publicly-Traded) Alternatives Prohibited Asset Classes and/or Security Types1.

  • Digital Assets Should Be Designated a Prohibited Asset for IRAs and Defined Contribution Plans 1.


More Definitions of Prohibited Asset

Prohibited Asset shall have the meaning set forth in Section 6.1(c).
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Prohibited Asset means any asset with respect to which the Obligor thereof is an Excluded Company.
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Prohibited Asset means (a) an equity interest in a “partnership,” grantor trust or entity that is disregarded as separate from its owner (other than BD Holdco), in each case for U.S. federal, state or local income tax purposes, (b) a residual interest in a “REMIC” (as such term is defined in the Code), and (c) a “United States real property interest” (as such term is defined in the Code), including an equity interest in a United States real property holding corporation.
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Prohibited Asset is defined in the definition of “Retained Assets”.
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Related to Prohibited Asset

  • Prohibited Act means: to directly or indirectly offer, promise or give any person working for or engaged by the Customer and/or the Authority a financial or other advantage to: induce that person to perform improperly a relevant function or activity; or reward that person for improper performance of a relevant function or activity; or committing any offence: under the Bribery Act 2010; or under legislation creating offences concerning Fraud; or at common law concerning Fraud; or committing or attempting or conspiring to commit Fraud;

  • Prohibited Action means an action of the Client as defined under paragraph 10.1 of this Client Agreement. A Prohibited Action constitutes an event of Default giving the Company the right to take action under paragraph 14.2 of this Client Agreement.

  • Prohibited Party As of any date of determination, any Person that has theretofore failed to comply with such Person’s obligations under Regulation AB with respect to the Trust Fund or any other securitization if (and only if) both (A) such failure was an “event of default” under the relevant agreement to which such Person was a party, and (B) such Person is proposed to become a Servicing Function Participant in respect of the Trust Fund. In determining whether any person or entity is a “Prohibited Party”, each party hereto, provided that they are not an Affiliate of such Person, shall be entitled to conclusively rely on a written certification from any Person stating that it is not a Prohibited Party. All necessary determinations under or for purposes of this definition shall be made as of the date of consummation of the transaction in which the relevant person or entity would become a Servicing Function Participant in respect of the Trust Fund.

  • Prohibited Activity means any service or activity on behalf of a Competing Business that involves the planning, management, supervision, or providing of services that are similar in nature or purpose to those services Employee provided to the Company within the last 12 months of Employee’s employment with the Company or any other activities that would involve the use or disclosure of Confidential Information.

  • Prohibited Acts means the acts specified in Clause 33 (Prohibited Acts);

  • Prohibited Person means any Person:

  • Prohibited Transferee means any Person who is a:

  • Prohibited source means any person or entity who:

  • Prohibited Items means any items which we or any Authorised Person deem to be dangerous or inappropriate including (without limitation) those items specified in sub-paragraphs 27(b)(c) and (d) of these Conditions and any further items listed at www.snowbombing.com from time to time;

  • Prohibited Distributions means any and all dividends or other distributions paid by the Corporation with respect to any Excess Securities received by a Purported Transferee.

  • Prohibited Area means North America, South America and the European Union, which Prohibited Area the parties have agreed to as a result of the fact that those are the geographic areas in which the members of the Parent Group conduct a preponderance of their business and in which the Executive provides substantive services to the benefit of the Parent Group.

  • Prohibited Transfer means any Transfer or purported Transfer of Corporation Securities to the extent that such Transfer is prohibited and/or void under this Article IX.

  • Prohibited Activities has the meaning set forth in Paragraph 6.26.

  • Prohibited Jurisdiction means any country or jurisdiction, from time to time, that is the subject of a prohibition order (or any similar order or directive), sanctions or restrictions promulgated or administered by any Governmental Authority of the United States.

  • prohibited substance means any substance so described on the Prohibited List, which appears in Annex I to this Convention.

  • Prohibited Transaction has the meaning set forth in ERISA Section 406 and Code Section 4975.

  • Prohibited Content means any content on any advertising media that:

  • prohibited goods means goods which have been or are being, dealt with in contravention of any prohibition specified in regulation 57(2)(a) to (e);

  • Prohibited Transactions means a personal securities transaction prohibited by this Code.

  • Prohibited Business shall be defined as any business and any branch, office or operation thereof, which is a primary competitor of the Company with respect to the Business wherever the Company does business, in North America or abroad.

  • Prohibited Investment means Property (other than prescribed excluded Property as that term is defined in the Tax Act) that is:

  • Prohibited Investor means a person or entity whose name appears on (i) the List of Specially Designated Nationals and Blocked Persons maintained by the U.S. Office of Foreign Assets Control; (ii) other lists of prohibited persons and entities as may be mandated by applicable law or regulation; or (iii) such other lists of prohibited persons and entities as may be provided to the Fund in connection therewith;

  • Prohibited Owner means, with respect to any purported Transfer, any Person who, but for the provisions of Section 5.9(ii)(a), would Beneficially Own or Constructively Own Shares, and if appropriate in the context, shall also mean any Person who would have been the record owner of the Shares that the Prohibited Owner would have so owned.