Prohibited Investment definition
Prohibited Investment means Property (other than prescribed excluded Property as that term is defined in the Tax Act) that is:
Prohibited Investment means any investment prohibited by § 38.2-1407.
Prohibited Investment. , of a trust at any time, means a property that:
Examples of Prohibited Investment in a sentence
The Advisor shall not make any investment with the Account Assets that would be deemed a Prohibited Investment.
More Definitions of Prohibited Investment
Prohibited Investment means property (other than prescribed excluded property as that term is defined in the Act) that is:
Prohibited Investment. Property" "Purchase Date" "Refinancing Indebtedness" "Restricted Payment"
Prohibited Investment has the meaning set forth in Section 5.5(b)(viii) hereof.
Prohibited Investment means, with respect to any Person, any Investment by such Person in any Person that is not a Subsidiary of such first Person, other than (i) an Investment in Cash Equivalents; (ii) to the extent not included in clause (i), (a) negotiable instruments held for collection, (b) outstanding travel, moving or other similar advances to officers, employees and consultants of such Person, (c) lease or utility deposits or other similar deposits or (d) Capital Stock, debt obligations or similar securities received in settlement of debts owed to such Person or its Subsidiaries as a result of the foreclosure, perfection or enforcement of any Liens by such Person or any of its Subsidiaries, but, in each case, only to the extent such Investments are made in the ordinary course of business; (iii) sales of goods on trade credit terms consistent with the past practices of such Person or otherwise consistent with trade credit terms in common use in the industry; and (iv) Investments made in connection with Permitted Acquisitions.
Prohibited Investment means Property (other than prescribed excluded Property as that term
Prohibited Investment means:
7.7.8.1 Investments in equity interests including convertible notes of privately held companies (other than wholly owned subsidiaries of PB and, where Applicable Law prevents whole ownership, other than subsidiaries that are wholly owned by PB except for nominal Third Party ownership that is required under Applicable Law);
7.7.8.2 Investments in or purchases of any real property (excluding real property to be occupied or used by PB or its subsidiaries) commercial or residential mortgages or mortgage backed securities;
7.7.8.3 Investments in auction rate securities, corporate high yield bonds (i.e. less than BBB quality), precious metals, derivatives including margin trades, options, futures, options on futures, short sales, forward contracts, swaps, repurchase agreements and reverse repurchase agreements (but excluding, in each case, interest rate, currency or commodity swap agreements, interest rate caps or collar agreements, or other agreements or arrangements designed to protect a Person against fluctuation in interest rates, currency exchange rates or commodity prices not entered into for speculative purposes); and
7.7.8.4 [***].
Prohibited Investment means a direct or indirect monetary or financial interest, including private or publicly traded securities, in any person over whom the MSA exercises its responsibilities pursuant to its mandate.