Trading Assets definition

Trading Assets means all securities owned as of the Issue Date or acquired thereafter by the Company or any wholly-owned Restricted Subsidiary thereof that do not constitute Collateral and that the Company from time to time deems to constitute part of the Company's "trading portfolio."
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Trading Assets means the sum of (i) seventy-five percent (75%) of net accounts receivable, plus (ii) fifty percent (50%) of inventory, plus (iii) 60% of outstanding Commercial Letters of Credit, all as of the date of determination.
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Trading Assets means all securities owned as of the Issue Date or acquired thereafter by the Company or any wholly-owned Restricted Subsidiary thereof that the Company for time to time deems to constitute part of the Company's "trading portfolio."
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Examples of Trading Assets in a sentence

  • Borrower shall not permit the ratio of (a) Trading Assets to (b) Total Funded Indebtedness plus outstanding Commercial Letters of Credit, as of the last date of each Fiscal Quarter of Borrower beginning June 30, 2006, to be less than 1.00 to 1.00.

  • Other than pursuant to any Asset Sale or series of Asset Sales resulting in a prepayment of the Obligation in accordance with Section 2.9(d) of this Agreement (but subject to any limitation under Section 7.1) or any Asset Sale or series of Asset Sales consisting of Trading Assets, Borrower shall continue, and shall cause each Subsidiary Guarantor to continue, in the business presently operated by it using its commercially reasonable efforts to maintain its customers and goodwill.

  • Seller makes no representations or warranties to Buyer regarding the probable success or profitability of the business of the Midstream Companies or of the Trading Assets.

  • All property or ad valorem taxes imposed on or with respect to the Trading Assets for the year in which the Closing occurs shall be prorated between Seller and Buyer based on the number of days in such year before and after the Closing Date.

  • Sellers shall bear all personal property and ad valorem tax liability with respect to the Bridge Trading Assets if the Lien or assessment arises with respect to periods prior to the Bridge Trading Option Closing Date irrespective of the reporting and payment dates of such taxes.

  • Buyer acknowledges and agrees that, following the Closing, the Midstream Insurance Policies may be terminated or modified to exclude coverage of all or any portion of the Midstream Companies or the Trading Assets by Seller in its sole discretion, and, as a result, Buyer shall be obligated at or before Closing to obtain at its sole cost and expense replacement or substitute insurance coverage with similar policies and amounts of coverage.

  • The foregoing liabilities and obligations (i) of the Midstream Companies and (ii) relating to the ownership or operation of the Trading Assets are herein collectively referred to as the "Assumed Liabilities".

  • The Permits listed or described on Schedule 4.22 hereto (the "Trading Company Permits") are all the Permits necessary or required for the conduct of the business of owning and operating the Trading Assets and entering into transactions similar to the Financial Book Transactions, except for Permits the absence of which would not have a Material Adverse Effect.

  • Except for Permitted Liens, (i) cause or permit or (ii) agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), Collateral or any Trading Assets to be subject to a third party interest or Lien.

  • In no event will JVOI or its designee acquire the Excluded Trading Assets or assume the Excluded Trading Liabilities.


More Definitions of Trading Assets

Trading Assets means (i) all accounts, chattel paper, instruments, documents and general intangibles of any Credit Party and all other obligations of any kind owed to any Credit party, whether long-term or short-term, now or hereafter existing, to the extent arising out of or resulting from the sale or lease of inventory or the rendition of services by such Credit Party, and all rights now or hereafter existing in and to all security agreements, guarantees, letters of credit and other contracts securing, guaranteeing or otherwise relating to any such accounts, chattel paper, instruments, documents, general intangibles or other obligations, (ii) all inventory of any Credit Party and (iii) all proceeds of any the foregoing. As used in this definition of "Trading Assets", the terms "accounts", "inventory", "chattel paper", "instruments", "documents", "general intangibles" and "proceeds" shall have the meanings assigned to such terms in the Uniform Commercial Code in effect in the State of North Carolina on the Closing Date.
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Trading Assets means all of the assets of TXU Electric relating to the wholesale buying and selling of electricity, including, without limitation, the personal property, contract rights and other assets conveyed to any member of the Trading Group pursuant to the Trading Separation Documents (including any such assets that may be further conveyed to any member of the Trading Group after the Separation Date pursuant to Section 6.2(a) hereof), all of the assets of TUFCO used in connection with the wholesale buying and selling of natural gas that has been (or may be) conveyed to Trading prior to or after the Separation Date, and any asset that may be acquired by any member of the Trading Group after the Separation Date. For purposes of this definition, any asset that relates to the Trading Business, but was inadvertently transferred to a member of a Group other than the Trading Group, shall be and become part of the "Trading Assets" for all purposes on the Separation Date.
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Trading Assets means all securities owned as of the Issue Date or acquired thereafter by the Company or any wholly-owned Restricted Subsidiary thereof (other than CBO REIT II or any of its Subsidiaries) that do not constitute Collateral and that the Company from time to time deems to constitute part of the Company's "trading portfolio."
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Trading Assets means the Transferred Contracts and the other assets listed on Schedule 1.1(b) hereto.
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Trading Assets means and includes all of the Cash, deposits in banks, investments, instruments, securities (including, without limitation, capital stock of the Companies (other than Maritrans), securities intangibles, financial and similar assets, accounts receivable, general intangibles, payment intangibles, and similar assets of the Companies.
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Related to Trading Assets

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Risk Weighted Assets means the risk weighted assets or total risk exposure amount, as calculated by the Company in accordance with the Capital Regulations applicable to the Group.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.