ACCEPTABLE INVESTMENT definition

ACCEPTABLE INVESTMENT means an investment which:
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ACCEPTABLE INVESTMENT means any Investment which meets all of the following conditions: (a) the aggregate consideration paid for such Investment and for all prior Investments during the same Fiscal Year does not exceed $1,000,000 (exclusive of Investments otherwise permitted under Section 8.06); (b) such Investment relates to the Business and, if required by the organizational documents of the Person making such Investment, has been approved in good faith by the Board of Directors or the Members Committee of such Person; (c) no Default or Event of Default exists or would exist after giving effect to such Investment; and (d) after reviewing historical financial statements of the business being invested in and considering the pro forma position of the LCC Consolidated Entities subsequent to such Investment, the Borrower believes in good faith that the LCC Consolidated Entities will continue to be in compliance with the financial covenants contained in Article 9 on a pro forma basis.
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ACCEPTABLE INVESTMENT. Seller has no knowledge of any circumstances or conditions with respect to the Mortgage, the mortgaged property, the Obligor or the Obligor's credit standing that can reasonably be expected to cause private institutional investors to regard the Loan as an unacceptable investment, cause the Loan to become delinquent, or adversely affect the value or marketability of the Loan. CONDITION OF THE MORTGAGED PROPERTY. There is no proceeding pending or threatened for the total or partial condemnation of the mortgaged property. The mortgaged property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the mortgaged property as security for the Loan or the use for which the premises were intended. The mortgaged property is free from any and all toxic or hazardous substances and there exists no violation of any local, state or federal environmental law, rule or regulation. CONDITION OF LOAN. The Loan is eligible, and in the form required, (i) for securitization, or (ii) purchase under the relevant Agency program, or (iii) purchase by the relevant Authorized Purchaser. The Loan is a bona fide Loan of the type that it purports to be, made to one or more borrowers each having substantially the credit standing he or she is represented to have.
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More Definitions of ACCEPTABLE INVESTMENT

ACCEPTABLE INVESTMENT means an investment which:¥ is capable of a commercial return under normal circumstances; and¥ is not for the personal use of the applicant(s); and¥ is invested in New Zealand in New Zealand currency; and¥ is invested in lawful enterprises or managed funds that comply with all relevant laws in force in New Zealand; and¥ has the potential to contribute to New Zealand's economy; and¥ is invested in one or more of the following:- bonds issued by the New Zealand government or local authorities; or- bonds issued by New Zealand firms traded on the New Zealand Debt Securities Market (NZDX); or- bonds issued by New Zealand firms with at least a BBB- or equivalent rating from internationally recognised credit rating agencies (eg Standard and Poor's); or- equity in New Zealand firms (public or private, including managed funds); or- bonds issued by New Zealand registered banks; or- equities in New Zealand registered banks; or- defined residential property development(s); or- bonds in certain finance companies.NOTE: For the purposes of these categories, convertible notes are considered to be an equity investment. New Zealand Registered Banks are defined by the New Zealand Reserve Banks Act 1989.Where an investment fails to meet one of the acceptable investment requirements, Immigration New Zealand (INZ) may consider, on a case-by-case basis, whether the failure was beyond the control of the principal applicant and if satisfied that this was the case, may consider the investment acceptable.INZ may consider bonds in finance companies as an acceptable investment where the finance company:¥ is a wholly-owned subsidiary of,¥ raises capital solely for, and¥ has all its debt securities unconditionally guaranteed by, a New Zealand Stock Exchange listed company or a local authority.NOTE: The value of an investment is based on the net purchase price (for example, less any accrued interest, commission, brokerage and / or trade levy), not on the face value of the investment.
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ACCEPTABLE INVESTMENT means any of the following Investments:
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Related to ACCEPTABLE INVESTMENT

  • Approved Investment means any type of security, instrument, participation or interest in property, as set forth on Schedule I hereto (which may be amended from time to time by execution of a revised Schedule I, I-A or I-B) in which Cash Collateral may be invested or reinvested by Bank in accordance with Paragraph 2 of Article IV hereof.

  • Eligible Investments mean book-entry securities, negotiable instruments or securities represented by instruments in bearer or registered form which evidence:

  • Applicable Investor means each holder of a beneficial interest in any Class A Note that is (i) an EEA credit institution or investment firm subject to the CRR, including any consolidated group affiliate thereof; (ii) an EEA insurer or reinsurer subject to the Solvency II Regulation; or (iii) an EEA alternative investment fund manager to which the AIFM Regulation applies.

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Acceptable Bank means (a) a bank or financial institution which has a rating for its long-term unsecured and non credit-enhanced debt obligations of A- or higher by S&P or A2 or higher by Xxxxx’x or a comparable rating from an internationally recognized credit rating agency; or (b) any other bank or financial institution approved by each Agent.

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.