Approved Foreign Bank definition
Approved Foreign Bank has the meaning specified in the definition of “Cash Equivalents.”
Approved Foreign Bank has the meaning assigned to such term in the definition of the term “Permitted Investments.”
Approved Foreign Bank has the meaning specified in clause (k) of the definition of “Cash Equivalents”.
Examples of Approved Foreign Bank in a sentence
Approved Bank Approved Foreign Bank Approved Fund Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.
More Definitions of Approved Foreign Bank
Approved Foreign Bank is defined in the definition of “Cash Equivalent Investment”.
Approved Foreign Bank has the meaning assigned to such term in clause (15) of the definition of “Cash Equivalents.”
Approved Foreign Bank shall have the meaning provided in the definition of the term Cash Equivalents.
Approved Foreign Bank means any bank, trust company or national banking association incorporated under the laws of any country (other than the United States) having combined capital and surplus retained earnings of the local currency counter value of at least $100,000,000 and having a rating of A, its equivalent or higher by Standard & Poor’s Corporation or ▇▇▇▇▇’▇ Investors Service, Inc. (or, if neither such organization shall rate such institution at any time, by any nationally recognized rating organization in the country).
Approved Foreign Bank has the meaning assigned to such term in the definition of “Cash Equivalents.” “Approved Fund” means, with respect to any Lender, any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and/or similar extensions of credit in the ordinary course of its activities and is administered, advised or managed by (a) such Lender, (b) any Affiliate of such Lender or (c) any entity or any Affiliate of any entity that administers, advises or manages such Lender. “ASC 606” means the Financial Accounting Standards Board Accounting Standards Certification Topic No. 606, as amended. “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any Person whose consent is required by Section 9.04), or as otherwise required to be entered into under the terms of this Agreement, substantially in the form of Exhibit A or any other form reasonably approved by the Administrative Agent. “Audited Financial Statements” means the audited consolidated balance sheet of the Target and its consolidated subsidiaries as of December 31, 2017 and December 31, 2018 and the related audited consolidated statements of operations and consolidated statements of comprehensive income, consolidated statements of changes in Redeemable Class B Units and members’ equity and consolidated audited statements of cash flows for the fiscal years ended December 31, 2017 and December 31, 2018. “Available Amount” means, at any date of determination, a cumulative amount equal to (without duplication): (a) an amount (which shall not be less than zero) equal to the Available Excess Cash Flow Amount as of such date, plus (b) (i) the Net Proceeds of sales of Investments and (ii) Returns, profits, distributions and similar amounts on Investments (not to exceed the original amount of such Investments), in the case of each of clause (i) and (ii), to the extent (x) received by the Borrower and the Restricted Subsidiaries after the Effective Date and on or prior to such date, (y) in the form of cash or Cash Equivalents and (z) such Investment was made using the Available Amount, plus (c) Investments of the Borrower or any Restricted Subsidiary in any Unrestricted Subsidiary or any third-party (including any Joint Venture) that has been re-designated as a Restricted Subsidiary or that has been merged, amalgamated or consolidated with or into, or transfers or conveys all ...
Approved Foreign Bank. “Cash Equivalents”
Approved Foreign Bank shall have the meaning provided in clause (10) of the definition of “Cash Equivalents.”