Prohibited Investments means Assets of the Plan (other than prescribed excluded Property as that term is defined in the Applicable Tax Legislation) that is:
Prohibited Investments. The Reinsurer may not invest in:
Prohibited Investments has the meaning provided in Section 4.22.
Examples of Prohibited Investments in a sentence
This includes Diversification parameters, approved allocation ranges, and Prohibited Investments.
Prohibited Investments: The portfolio will not engage in investment transactions involving stock options, short sales, purchase on margin, letter stocks, private placement securities, and commodities.
Prohibited Investments: The portfolio will not engage in investment transactions involving stock options, short sales, purchase on margin, letter stocks, private placement securities, and commodities without the written consent of the Association.
Each Employee must provide an initial complete listing of all accounts and each Covered Security (consisting of Prohibited Investments, Restricted-Reportable Investments, and Reportable Investments as defined on pages 3 through 5, including Marsico Fund shares and MCM Sub-advised Fund shares) in which you or related Covered Persons had any direct or indirect Beneficial Ownership as of the date when employment began.
Prohibited Investments: The portfolio will not engage in investment transactionsinvolving stock options, short sales, purchase on margin, letter stocks, private placement securities, and commodities.
More Definitions of Prohibited Investments
Prohibited Investments means (a) Investments in securities of privately held companies or capital contributions to any other Person; (b) Investments in or purchases of any real property (excluding real property to be occupied or used by Opthea or its Subsidiaries), commercial or residential mortgages, or mortgage-backed securities; (c) 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 (other than swaps, forwards, futures or derivatives transactions, options or similar agreements entered into to hedge or mitigate commercial risk and other than Permitted Equity Derivatives); and (d) Investments that are inappropriate or unusual for a biopharmaceutical company that is similarly situated to Opthea; provided that the following shall not be a Prohibited Investment: (i) Investments existing on the Original Effective Date and set forth on Schedule 1.1.163; (ii) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of Opthea’s business; (iii) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business; (iv) Investments consisting of loans not involving the net transfer on a substantially contemporaneous basis of cash proceeds to employees, officers, or directors relating to the purchase of capital stock of Opthea’s pursuant to employee stock purchase plans or other similar agreements approved by the Board of Directors; (v) Investments consisting of travel advances, employee relocation loans, and other employee loans and advances in the ordinary course of business in an aggregate amount not to exceed $250,000 in any fiscal year or $500,000 outstanding at any point in time during the term hereof; (vi) [reserved]; (vii) [***]; and (viii) Investments by Opthea in any Subsidiary of Opthea so long as such Subsidiary of Opthea has executed and delivered, in each case, in form and substance satisfactory to Investors, a joinder agreement pursuant to which such Subsidiary will become a party to this Agreement and grant Investors a security interest i...
Prohibited Investments means (a) Investments in securities of privately held companies (other than Persons that are, or after giving effect to such Investment will be wholly owned Subsidiaries of CymaBay and, where Applicable Law prevents whole ownership, Persons that are, or will be, after giving effect to such Investment, wholly owned by CymaBay except for any nominal Third Party ownership that is required under Applicable Law); (b) Investments in or purchases of any real property (excluding real property to be occupied or used by CymaBay or its Subsidiaries), commercial or residential mortgages, or mortgage-backed securities; and (c) 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 (other than swaps entered into to hedge or mitigate commercial risk and other than Permitted Equity Derivatives); provided that the following shall not be a Prohibited Investment: (i) Investments existing on the Closing Date and set forth on Schedule 1.1.124; (ii) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of CymaBay’s business; (iii) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business; (iv) Investments consisting of loans not involving the net transfer on a substantially contemporaneous basis of cash proceeds to employees, officers or directors relating to the purchase of capital stock of CymaBay’s pursuant to employee stock purchase plans or other similar agreements approved by CymaBay’s Board of Directors; (v) Investments consisting of travel advances, employee relocation loans, and other employee loans and advances in the ordinary course of business in an aggregate amount not to exceed $250,000 in any fiscal year or $500,000 outstanding at any point in time during the term hereof; (vi) joint ventures or strategic alliances in the ordinary course of CymaBay’s business consisting of the licensing of technology, the development of technology or the providing of technical support, provided that any Investments by CymaBay do not exc...
Prohibited Investments means any investment in debt or Debt-Like Preferred Equity, if such investment opportunity in debt and/or Debt-Like Preferred Equity (taken together) being offered to the Company or its controlled Affiliate and all other offerees exceeds $5 million; provided, however, notwithstanding anything to the contrary contained in this Agreement, that none of the following shall be “Prohibited Investments”:
(I) any investment in a broadly syndicated levered debt deal (so long as (A) either (x) such investment is not in excess of $5 million or (y) if such investment is in excess of $5 million, the Company or any of its controlled Affiliates, as applicable, complied with the provisions contained in Section 2.01(b), (B) the order size made by the Company and its controlled Affiliates, in the aggregate, for such investment does not exceed $15 million, (C) the amount offered to the Company or such controlled Affiliate and all other offerees in such deal exceeds $50 million and (D) neither the Company nor any of its controlled Affiliates has breached Section 2.01(b) in connection therewith);
(II) any investment in a private company (so long as (A) the annual gross revenue and earnings before interest, taxes, depreciation and amortization of such company and its consolidated subsidiaries as set forth on its most recent consolidated financial statements are less than $25 million and $5 million, respectively, at the time of such investment, (B) the amount offered to the Company or such controlled Affiliate and all other offerees in such deal is less than $10 million and (C) the aggregate debt of such company and its subsidiaries after giving effect to the transaction is less $15 million);
(III) any investment in high yield bonds; provided that for any issuance of high yield bonds for which the total offering size is less than or equal to $250 million, such investment shall not exceed 10% of such issuance;
(IV) any investment in real estate or debt instruments secured solely by real estate and ancillary personal property and/or secured by direct or indirect interests therein (including, without limitation, pledges of equity interest in direct or indirect real estate investment vehicles);
(V) investments in any diversified private equity fund that is a collective investment vehicle (including such a private equity fund with one or more portfolio companies that hold Prohibited Investments) created by Persons not Affiliated with or sponsored by the Company or any of its controll...
Prohibited Investments means those investments that a Covered person generally may not hold or purchase. Prohibited Investments include the following: o SHARES OF FUNDS SUB-A DVISED BY MARSICO ("MCM SUB-ADVISED FUNDS"). MCM Sub-advised Funds may not be purchased or held by Covered Persons. If a Covered Person already holds shares of any MCM Sub-advised Fund when a related Employee joins Marsico, the shares must be disposed of (see D.1.d. below).
Prohibited Investments means (a) Investments in securities of privately held companies (other than Persons that are, or after giving effect to such Investment will be wholly owned Subsidiaries of CymaBay and, where Applicable Law prevents whole ownership, Persons that are, or will be, after giving effect to such Investment, wholly owned by CymaBay except for any nominal Third Party ownership that is required under Applicable Law); (b) Investments in or purchases of any real property (excluding real property to be occupied or used by CymaBay or its Subsidiaries), commercial or residential mortgages, or mortgage-backed securities; and (c) 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 (other than swaps entered into to hedge or mitigate commercial risk and other than Permitted Equity Derivatives); provided that the following shall not be a Prohibited Investment: (i) Investments existing on the Closing Date and set forth on Schedule 1.1.124; (ii) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of CymaBay’s business;(iii) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of business; (iv) Investments consisting of loans not involving the net transfer on a substantially contemporaneous basis of cash proceeds to employees, officers or directors relating to the purchase of capital stock of CymaBay’s pursuant to employee stock purchase plans or other similar agreements approved by CymaBay’s Board of Directors; (v) Investments consisting of travel advances, employee relocation loans, and other employee loans and advances in the ordinary course of business in an aggregate amount not to exceed $250,000 in any fiscal year or $500,000 outstanding at any point in time during the term hereof; (vi) joint ventures or strategic alliances in the ordinary course of CymaBay’s business consisting of the licensing of technology, the development of technology or the providing of technical support, provided that any Investments by CymaBay do not exce...
Prohibited Investments o The BCG Account is not expected to invest in, or otherwise engage in: o direct investment in real estate o direct investment in commodities (except as authorized above regarding foreign currency contracts) o short sales o margin purchases o derivatives EXHIBIT B
Prohibited Investments means:
7.7.9.1 Investments in securities of privately held companies (other than wholly owned subsidiaries of Apellis and, where Applicable Law prevents whole ownership, other than subsidiaries that are wholly owned by Apellis except for any nominal Third Party ownership that is required under Applicable Law);
7.7.9.2 Investments in or purchases of any real property (excluding real property to be occupied or used by Apellis or its subsidiaries), commercial or residential mortgages or mortgage-backed securities; and
7.7.9.3 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.
7.7.9.4 Investments that are inappropriate or unusual for a biopharmaceutical company similar or of similar size to Apellis as determined in the reasonable judgment of Apellis’ Board of Directors.