Acceptable Investment definition

Acceptable Investment means an investment which:
View Source
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.
View Source
Acceptable Investment means any of the following Investments:
View Source

Examples of Acceptable Investment in a sentence

  • Term Meaning Acceptable Investment A Security or other property (real or personal), whether issued or yet to be issued, which the Lender may accept as part of the Secured Portfolio from time to time.

  • In the event the Mortgage constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchasers to the trustee under the deed of trust, except in connection with a trustee's sale after default by the Mortgagor; Acceptable Investment.

  • Such valuation shall be accomplished by multiplying the Applicable Percentage by the average of the fair market values of the Subject Interests (as determined as the Conversion Notice Date by each of the selected Acceptable Investment Banks) less indebtedness owed to MBL by the Company (the “NPORRI Value”).

  • Furthermore, purchases of each Acceptable Investment pursuant to the Investment Notice will be made in lots of $3 million par value, with any residual cash amount below the Maximum Investment Notice Amount to remain in Cash Equivalents.

  • Notwithstanding the foregoing, if the Individual Trustees take possession of property as part of the enforcement of their rights under the Security Documents and such property is in a form other than an Acceptable Investment, the Trustees may retain such property; provided, however, that if the Trustees choose to sell or exchange such property, any cash proceeds received in connection with such sale or exchange must be invested and reinvested as outlined above in this Article VII, Section C.

  • For purposes of determining the "Additional Subsequent Sale Transaction Payment Amount," the fair market value of any non-cash consideration paid in connection with the Subsequent Company Share Purchase shall be determined by an Acceptable Investment Bank.


More Definitions of Acceptable Investment

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.
View Source