Examples of US Assets in a sentence
The Company's functional currency is the U.S. dollar since the substantial majority of its operations is conducted in the U.S. Assets and liabilities of subsidiaries with non-U.S. dollar functional currencies are translated to U.S. dollars at period-end exchange rates, while revenue and expenses are translated at average monthly rates and shareholders' equity is translated at the rates in effect at dates of capital transactions.
In order for companies to self-insure under either of these alternatives, their tangible net worth must exceed their financial responsibility obligations by a factor of six at a minimum (and not be less than $10 million), while their U.S. Assets must equal at least ninety percent of their total assets (or be at least six times that of the financial responsibility obligations).
Buyer hereby waives compliance by Sellers with the provisions of any so-called bulk transfer laws of any jurisdiction in connection with the sale to Buyer of the Telair U.S. Assets.
Upon request of the Borrower Representative, the Administrative Agent shall promptly execute and deliver to the Borrower Representative, at the Borrower Representative’s expense, all documents that the Borrower Representative shall reasonably request to evidence release of any Liens and security interests on the Released US Assets.
Selby, Securitizing Nontraditional U.S. Assets for European Markets, in HANDBOOK OF STRUCTURED FINANCIAL PRODUCTS, supra note 27, at 32.120 BAYLOR LAW REVIEW [Vol.