BOA Investments definition

BOA Investments means the cash, instruments, securities and other Investment Property now owned or hereafter acquired by Borrower from time to time and to be held in the BOA Collateral Accounts. "Borrower" means Varsity Group Inc., a Delaware corporation, Campus Outfitters Group, LLC, a Delaware limited liability company, XxxxxxxXxxxx.xxx, LLC, a Delaware limited liability company, and XxxxxxxXxxxxx.xxx, Inc., a Delaware corporation and to each such Person or to all of them, as the context may require, and the representations and obligations hereunder of the Persons comprised by the term "Borrower" shall be joint and several. For purposes of testing compliance with the financial covenants hereinafter, the negative covenants hereinafter, and the unused fee provided hereinafter, financial information concerning the Borrower shall mean financial information for Varsity Group Inc., Campus Outfitters Group, LLC, XxxxxxxXxxxx.xxx, LLC and XxxxxxxXxxxxx.xxx, Inc. stated on a consolidated basis. "Borrowing Base" means: Aggregate Adjusted Collateral Value; plus Seventy-five percent (75%) of Borrower's Eligible New Textbook Inventory; plus Fifty percent (50%) of Borrower's Eligible Used Textbook Inventory; plus Fifty percent (50%) of Borrower's Eligible On Campus Inventory; plus Fifty percent (50%) of Borrower's Eligible Apparel Inventory; plus Eighty percent (80%) of Borrower's Eligible Commercial Accounts. After calculating the portion of the Borrowing Base comprised of (a) the Aggregate Adjusted Collateral Value of the BOA Investments, (b) Eligible New Textbook Inventory, (c) Eligible Used Textbook Inventory, (d) Eligible On Campus Inventory, (e) Eligible Apparel Inventory and (f) Eligible Commercial Accounts, Lender shall deduct from such portion of the Borrowing Base such reserves as Lender may establish from time to time in its reasonable credit judgment, including without limitation, reserves for dilution, rent at leased locations subject to statutory or contractual landlord's liens, Inventory shrinkage, customs charges, warehousemen's or bailees' charges, and the amount of estimated maximum exposure, as determined by Lender from time to time, under any interest rate contracts which Borrower enters into with Lender (including interest rate swaps, caps, floors, options thereon, combinations thereof, or similar contracts). In addition, Lender may require modifications to the percentage rates of advance set forth above, based on the results of any field examination or audit of ...
Sample 1
BOA Investments means the cash, instruments, securities and other Investment Property now owned or hereafter acquired by Borrower from time to time and to be held in the BOA Collateral Accounts.
Sample 1

Examples of BOA Investments in a sentence

  • All interest, income, dividends, distributions and other amounts payable in cash in respect of the BOA Investments shall, at all times be paid to Lender and retained by it as a part of the Collateral (except to the extent applied upon receipt to the repayment of the amounts owing under the Revolving Note, this Agreement and/or the other Loan Documents).

  • Lender shall be under no obligation to permit Advances during any period of time that the Aggregate Adjusted Collateral Value of the BOA Investments is less than the Minimum Aggregate Adjusted Collateral Value.

  • The other major change was the deferred retirement for one year of the Charles A Poletti unit from 2008 until 20095.

  • To perfect the Lender's lien on and security interest in the BOA Investments and other Investment Property which is part of the Collateral, Borrower shall immediately deliver to Lender the original of all certificates or other instruments evidencing all or any part of the Collateral, which shall be retained by Lender until this Agreement is terminated.

  • To perfect the Lender’s lien on and security interest in the BOA Investments and other Investment Property which is part of the Collateral, Borrower shall immediately deliver to Lender (or its Affiliates, including without limitation, Bank of America Securities, LLC) the original of all certificates or other instruments evidencing all or any part of the Collateral, which shall be retained by Lender until this Agreement is terminated.

  • Maintain, at all times, an Aggregate Adjusted Collateral Value of the BOA Investments in the BOA Collateral Accounts of not less than $2,000,000.00, less any amounts released by Lender from such BOA Collateral Accounts in response to a request for an Advance (the "Minimum Aggregate Adjusted Collateral Value").

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  • Borrower shall also execute such documents as Lender may request in order to perfect or maintain the perfection of Lender’s lien on and security interest in the BOA Investments and other Investment Property of Borrower.

  • Posters have now gone up and tickets were distributed to all Councillors present.19/086 Reportsa) Newton Trust – No meeting.b) Newton Village Hall – Quiz night for 19th October is almost fully booked.c) NNPT – Key objectives were now being finalized.

  • Lender shall be under no obligation to permit Advances during any period of time that the Aggregate Adjusted Collateral Value of the BOA Investments is less than $2,000,000.00.

Related to BOA Investments

  • Alternative Investments means investments in the said State which are within the ability and competence of the Company or of corporations which are related to the Company for the purposes of the Companies (Western Australia) Code and which are approved by the Minister from time to time as alternative investments for the purpose of this Agreement (which approval shall not be unreasonably withheld in the case of an investment which would add value or facilitate the addition of value, beyond mining, to the mineral resources of the said State);”;

  • Equity Investments shall have the meaning provided in the preamble to this Agreement.

  • Other Investments means assets which are not Direct Investments or Underlying Funds.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Liquid Investments means (a) readily marketable direct full faith and credit obligations of the United States of America or obligations unconditionally guaranteed by the full faith and credit of the United States of America; (b) commercial paper issued by (i) any Lender or any Affiliate of any Lender or (ii) any commercial banking institutions or corporations rated at least P-1 by Moody’s or A-1 by S&P; (c) certificates of deposit, time deposits, and bankers’ acceptances issued by (i) any of the Lenders or (ii) any other commercial banking institution which is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $250,000,000 and rated Aa by Moody’s or AA by S&P; (d) repurchase agreements which are entered into with any of the Lenders or any major money center banks included in the commercial banking institutions described in clause (c) and which are secured by readily marketable direct full faith and credit obligations of the government of the United States of America or any agency thereof; (e) investments in any money market fund which holds investments substantially of the type described in the foregoing clauses (a) through (d); (f) readily and immediately available cash held in any money market account maintained with any Lender; provided that, such money market accounts and the funds therein shall be unencumbered and free and clear of all Liens and other third party rights other than a Lien in favor of the Administrative Agent pursuant to the Security Documents; and (g) other investments made through the Administrative Agent or its Affiliates and approved by the Administrative Agent. All the Liquid Investments described in clauses (a) through (d) above shall have maturities of not more than 365 days from the date of issue.

  • Cash Equivalent Investments means at any time:

  • Portfolio Investments has the meaning set forth in the introductory section of this Agreement.

  • Restricted Investments means all Investments except the following:

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Quoted Investments has the meaning set forth in Section 5.12(b)(ii)(A).

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Investments as defined in Section 7.8.

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Investment Securities means any of the following:

  • Qualified Investments means any and all securities, obligations or accounts in which municipalities may invest their funds under applicable Maine law.

  • Equity Investment means (i) an Equity Security; and (ii) an ownership interest in any company or other entity, any membership interest that includes a voting right in any company or other entity, any interest in real estate; and any investment or transaction which in substance falls into any of these categories even though it may be structured as some other form of investment or transaction.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

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

  • Approved Investment means any type of security, participation or interest in property in which Cash Collateral may be invested or reinvested, as set forth on Schedule I hereto (which may be amended from time to time to add additional Approved Investments with the written consent of the Bank and the Lender, or to delete any Approved Investment at the written direction of the Lender).

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • Specified Investments means (a) direct obligations of the United States of America or obligations fully guaranteed by the United States of America; (b) commercial paper rated A-1/P-1 by S&P and Moody's, respectively or, if such ratings are unavailable, rated by any nationally recognized rating organization in the United States equal to the highest rating assigned by such rating organization; (c) investments in negotiable certificates of deposit, time deposits, banker's acceptances, commercial paper or other direct obligations of, or obligations guaranteed by, commercial banks organized under the laws of the United States or of any political subdivision thereof (or any U.S. branch of a foreign bank) with issuer ratings of at least B/C by Thomson Bankwatch, having maturities no later than 90 days following the date of such investment; (d) overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers; or (e) overnight repurchase agreements with respect to the securities described in clause (a) above entered into with an office of a bank or trust company which is located in the United States of America or any bank or trust company which is organized under the laws of the United States or any state thereof and has capital, surplus and undivided profits aggregating at least $500 million. SSB. State Street Bank and Trust Company of Connecticut, National Association, a national banking association or any successor Owner Trustee in its individual capacity.

  • Cash Equivalent Investment means, at any time:

  • Direct Investments means assets which are not Underlying Funds.

  • Restricted Investment means an Investment other than a Permitted Investment.

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Authorised Investments means investments authorised by the instrument, if any, creating the trust for the investment of money subject to the trust, or by law;