Qualifying Assets definition

Qualifying Assets means a loan which satisfies the following criteria:-

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Qualifying Assets means assets that generate “qualifying income” within the meaning of Section 7704(d) of the Code.

Qualifying Assets means any and all assets directly owned by the Consolidated Subsidiaries that are Domestic Subsidiaries or Canadian Subsidiaries, other than (a) real property, including improvements thereto and fixtures, (b) aircraft and (c) investments in the Company or any of its Subsidiaries. The amount or value of any Qualifying Assets at any time shall be the book value thereof at such time determined in accordance with GAAP.

Examples of Qualifying Assets in a sentence

Nothing herein shall prohibit the Company from increasing the Special Member’s Percentage Interest in consideration for a de minimis amount of assets that are not Qualifying Assets purchased in connection with Coal Assets.
The Trustee shall have no responsibility whatsoever to determine the value of such substituted securities or that such substituted securities constitute Qualifying Assets.
The Trustee shall have no responsibility whatsoever to determine that any Assets in the Trust Account are or continue to be Qualifying Assets.
The Borrower will not, and will not permit any Subsidiary to: (a) change its principal line of business; or (b) enter into any business not within the scope of Section 7.15 and the definition of Qualifying Assets; or (c) permit any material overall change in the management of the Borrower.
The Borrower shall use the proceeds of the Loans to refinance certain existing indebtedness, to finance the purchase of Qualifying Assets, to pay loan facility expenses of the Borrower, for short-term liquidity needs, and for other general working capital purposes, including payment of interest and fees hereunder.

More Definitions of Qualifying Assets

Qualifying Assets means any assets, including but not limited to Preferred Equity Interests and Excluded Real Estate Investments acquired by the Borrower or BRC or other subsidiaries in order for the exchange of Acceptable Securities for shares of the Borrower to be non-taxable.

Qualifying Assets means and include any security that conforms with the criteria set forth in the Investment Guidelines.

Qualifying Assets means (i) equity interests owned one hundred percent (100%) by the Borrower in entities engaged primarily in one or more of the Borrower’s lines of business described in Section 7.15 (singly, a “Qualified Entity,” collectively, “Qualified Entities”), or productive assets used in one or more of such lines of business; and (ii) equity interests of less than one hundred percent (100%) owned by the Borrower in one or more Qualifying Entities, provided that at any time the aggregate amount of the Borrower’s investment in Qualifying Assets described in clause (ii) that are then held by the Borrower as of the applicable determination date (measured by the aggregate purchase price paid therefor, including the aggregate amount of Debt assumed or deemed incurred by the Borrower in connection with such acquisitions) does not exceed twenty percent (20%) of the Consolidated Net Worth of the Borrower and its Subsidiaries as of the applicable determination date.

Qualifying Assets means assets that are acquired by the Fund, BRC, BIC or other Subsidiaries in order for the exchange of contributed securities for Shares of the Fund to be non-taxable.

Qualifying Assets has the definition set forth in Article 10, Section 4(ii).

Qualifying Assets means assets which qualify as admissible assets of the Reinsurer under statutory accounting principles and the Laws of the State of Pennsylvania.

Qualifying Assets means assets that are qualifying assets within the meaning of OTA 1983;