Social Assets definition

Social Assets means the social support services, including housing, kindergartens, sanatoria and the like owned by the coal mines and used by their employees;
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Examples of Social Assets in a sentence

  • Further- more, the Bank shall ensure a 10 percent excess of Eligible Social Assets at issuance of a new Social Bond.

  • If the Bank chooses to enhance Eligibility Criteria, these new criteria are not applied retroactively to the existing Eligible Social Assets.

  • An amount equivalent to each Social Bond’s net proceeds will be used exclusively to refinance Eligible Social Assets that are part of the Social Finance Portfolio.

  • Eligible Social Assets shall not be allocated to more than one Social Bond of Berlin Hyp.

  • New Social Commercial Paper may only be issued if there are sufficient Eligible Social Assets on the Bank's balance sheet that have not been allocated to a Berlin Hyp Social Bond before.

  • The Dealers and the Arranger have not undertaken, nor are they responsible for, any assessment or verification of any the eligibility criteria as described in the Social Finance Framework or any verification of whether any Eligible Social Assets as defined in the Social Finance Framework meet the eligibility criteria or the monitoring of the use of proceeds.

  • This means that a new Social Pfandbrief can only be issued if the Bank's mortgage cover pool contains sufficient Eligible Social Assets that have not already been allocated to a preceding Berlin Hyp Social Bond.

  • A new Social Bond can only be issued if there are free Eligible Social Assets with a sufficient aggregated nominal value on the Bank’s balance sheet that have not already been used for pre- vious Social Bonds.

  • Evenso, the proceeds of Social Commercial Paper are allocated to Eligible Social Assets for an aggregated nominal amount of Eligible Social Assets which shall not exceed at any time half of the 10 percent excess of Eligible Social Assets.

  • As Berlin Hyp considers to set price incentives for Eligible Social Assets compared to loans for non-eligible residential buildings, an analysis of an asset’s compliance with the eligibility criteria described in Section 4.1 must be completed prior to pricing.