Specified Investment definition

Specified Investment means any Investment made pursuant to Section 8.03(l).

Specified Investment means any Investment in any Person other than an Excluded Investment.

Specified Investment means any Investment by the Borrowers or any Subsidiary that is financed solely with proceeds received from the issuance of Stock by Boise Cascade after the Closing Date, provided that (i) the Agent receives written notice describing such investment concurrently with or promptly following the issuance of such Stock and (ii) such investment is made within 90 days of receipt by Boise Cascade of such proceeds.

Examples of Specified Investment in a sentence

• Legislation relating to the federal income taxation of Specified Investment Flow Through (“SIFT”) trusts or partnerships provide that certain distributions from a SIFT will not be deductible in computing the SIFT’s taxable income and that the SIFT will be subject to tax on such distributions at a rate that is substantially equivalent to the general tax rate applicable to Canadian corporations.

• Under current tax legislation, a mutual fund trust that is not a Specified Investment Flow-Through Trust (“SIFT”) pursuant to the Income Tax Act (Canada) is entitled to deduct distributions of taxable income such that it is not liable to pay income taxes provided that its taxable income is fully distributed to unitholders.

• If no Delivery Date occurs, then any Specified Investment shall mature no later than the 15th day after the Cut-Off Date.

• A REIT is not taxable and not considered to be a Specified Investment Flow-through Trust provided it complies with certain tests and it distributes all of its taxable income in a taxation year to its unitholders.

• Pengrowth’s ability to issue trust units and convertible debt is subject to external restrictions as a result of the Specified Investment Flow-Through Entities Legislation (the SIFT tax).

More Definitions of Specified Investment

Specified Investment means any Portfolio Investment so designated by the Administrative Agent in writing in its sole discretion on the date on which the Administrative Agent approves such Portfolio Investment in accordance with Section 1.02. Specified Investments as of the Closing Date shall be set forth in the Effective Date Letter.

Specified Investment means any Investment made pursuant to Section 7.04(t).

Specified Investment means that certain Investment set forth on Schedule 1.1(e).

Specified Investment means an Investment permitted by Section 6.3(a), (h), (o), (u), (cc) (provided that such investment is to finance the purchase of assets by the Borrower or its Restricted Subsidiaries) or (dd), in each case, in the nature of an acquisition or an investment in a joint venture; provided that for purposes of calculating Excess Cash Flow with respect to Section 6.3(u), to the extent such Restricted Payments would be subtracted pursuant to clause (2)(h) of the definition of Excess Cash Flow.

Specified Investment has the meaning set forth in the Effective Date Letter.

Specified Investment means any Permitted Acquisition or any other Investment consisting of an acquisition, whether by purchase, merger or otherwise, of any Acquired Entity or Business (and, in any event, including any Investment in any Restricted Subsidiary the effect of which is to increase the Borrower’s or any Restricted Subsidiary’s respective equity ownership in such Restricted Subsidiary), in each case that is permitted by this Agreement.

Specified Investment has the meaning specified in the defined term “Pro Forma Basis”.