Earning Assets definition

Earning Assets is the sum of Finance Receivables, operating lease equipment, financing and leasing assets held for sale, interest-bearing cash, securities purchased under agreements to resell and investments less the credit balances of factoring clients.

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Earning Assets means, with respect to any Finco or Fincos, the finance receivables and loans, net plus the leased vehicles, net plus the Restricted Cash, in each case of such Finco or Fincos.

Earning Assets means, with respect to any ▇▇▇▇▇ or Fincos, the finance receivables and loans, net plus the leased vehicles, net plus the Restricted Cash, in each case of such ▇▇▇▇▇ or Fincos.

Examples of Earning Assets in a sentence

• At any time, permit the Management Fee Earning Assets to be less than the sum of (i) $21,500,000,000 plus (ii) an additional $500,000,000 as of the last day of each fiscal year of the Borrower (beginning with the fiscal year ending December 31, 2008) during the term of this Agreement (e.g., as of December 31, 2008, the Management Fee Earning Assets must not be less than $22,000,000,000, as of December 31, 2009, the Management Fee Earning Assets must not be less than $22,500,000,000, etc.).

• The Escrow Agent shall keep and maintain books of accounts and other accounting records of all investments and reinvestments of the Escrow Deposit and shall make available to the PRINCIPALS the quarterly electronic reports (i.e., Balance Sheet, Income Statement, Statement of Earning Assets, Investment Activity Report, and Return on Investment Report) within twenty (20) calendar days from the end of the preceding quarter.

• Permit, as of the end of any calendar month (beginning with the month ending October 31, 2010), the Management Fee Earning Assets to be less than $25,000,000,000.

• At any time, permit the Management Fee Earning Assets to be less than the sum of (i) $18,000,000,000 plus (ii) an additional $500,000,000 as of the last day of each fiscal year of the Borrowers during the term of this Agreement (e.g., as of December 31, 2007, the Management Fee Earning Assets must not be less than $18,500,000,000, as of December 31, 2008, the Management Fee Earning Assets must not be less than $19,000,000,000, etc.).

• The INVESTMENT MANAGER shall prepare and make available, within twenty (20) days from the end of reference quarter or in such frequency as may be prescribed by law and / or rules and regulations governing this arrangement, to the PRINCIPAL such reports as required by law or existing rules and regulations, including the equivalent of a/an (a) Balance Sheet; (b) Income Statement; (c) Schedule of Earning Assets; (d) Investment Activity Report; and (e) such other report as may be required by the PRINCIPAL.

• The INVESTMENT MANAGER shall prepare and make available, within twenty (20) days from the end of reference quarter or in such frequency as may be prescribed by law and / or rules and regulations governing this arrangement, to the PRINCIPAL such reports as required by law or existing rules and regulations, including the equivalent of a/an (a) Balance Sheet; (b) Income Statement; (c) Schedule of Earning Assets; (d) Investment Activity Report; and (e) such other report/s as may be required by the PRINCIPAL.

• At any time, permit the Management Fee Earning Assets to be less than the sum of (i) $15,000,000,000 plus (ii) an additional $500,000,000 as of the last day of each fiscal year of the Borrowers during the term of this Agreement (e.g., as of December 31, 2006, the Management Fee Earning Assets must not be less than $15,500,000,000, as of December 31, 2007, the Management Fee Earning Assets must not be less than $16,000,000,000, etc.).

• For Discretionary Accounts, the reports consist of (a) Balance Sheet, (b) Income Statement; (c) Schedule of Earning Assets, (d) Investment Activity Report, (e) Return of Investment) and (f) Such other reports as may be required by the Principal.

• Permit, as of the end of any calendar month (beginning with the month ending February 28, 2013), the Management Fee Earning Assets to be less than $25,000,000,000.

• At any time, permit the Management Fee Earning Assets to be less than an amount equal to (i) from March 13, 2009 to and including December 31, 2009, $22,000,000,000 and (ii) from January 1, 2010 and thereafter, $20,000,000,000.

More Definitions of Earning Assets

Earning Assets. Loans: Fixed rates $ 2,330 $ 14,108 $ 16,429 $ 32,867 Variable rates 49,318 55,312 54 104,684 Interest-earning deposits with banks 7,041 - - 7,041 Investment securities 1,546 9,509 1,634 12,689 Federal Home Loan Bank stock - - 1,008 1,008 --------- ------------- ----------- ------------ Total interest-earning assets $ 60,235 $ 78,929 $ 19,125 $ 158,289 ========= ============= =========== ============ INTEREST-BEARING LIABILITIES: Deposits $ 114,204 $ 14,621 $ - $ 128,825 Advances from Federal Home Loan Bank - 6,000 10,800 16,800 --------- ------------- ----------- ------------ Total interest-bearing liabilities $ 114,204 $ 20,621 $ 10,800 $ 145,625 ========= ============= =========== ============ INTEREST SENSITIVITY GAP PER PERIOD $ (53,969) $ 58,308 $ 8,325 $ 12,664 CUMULATIVE INTEREST SENSITIVITY GAP $ (53,969) $ 4,339 $ 12,664 $ 12,664 CUMULATIVE GAP AS A PERCENTAGE OF TOTAL INTEREST-EARNING ASSETS (34.10)% 2.74% 8.00% 8.00% CUMULATIVE INTEREST-EARNING ASSETS AS A PERCENTAGE OF INTEREST-BEARING LIABILITIES 52.74 % 103.22% 108.70% 108.70% KS BANCORP, INC. AND SUBSIDIARY MANAGEMENT'S DISCUSSION AND ANALYSIS ================================================================================ Analysis of Net Interest Income Net interest income represents the difference between income derived from interest-earning assets and interest expense incurred on interest-bearing liabilities. Net interest income is affected by the difference between yields on interest-earning assets and rates paid on interest-bearing liabilities ("interest rate spread") and the relative amounts of interest-earning assets and interest-earning liabilities outstanding during the period. The following table reflects the average yields on assets and average costs of liabilities for the years ended December 31, 2001 and 2000. Such average yields and costs are derived by dividing income or expense by the average monthly balance of interest-earning assets or interest-bearing liabilities, respectively, for the periods presented. Year Ended December 31, ------------------------------------------------------------- At December 31, 2001 2001 2000 -------------------- ---------------------------- ------------------------------ Actual Actual Yield/ Average Average Average Average Balance Cost Balance Interest Rate Balance Interest Rate ---------- ------- --------- -------- ------ ---------- -------- ------ (Dollars in Thousands) Interest-earning assets: Loans $ 136,977 7.67% $ 138,691 $ 11,596 8.36% $...

Earning Assets means the net book value of the rental fleet plus Amounts receivable under finance lease contracts.

Earning Assets means, with respect to any ▇▇▇▇▇ or Fincos, the finance receivables and loans, net plus the leased vehicles, net plus the Restricted Cash, in each case of such ▇▇▇▇▇ or Fincos. “Effective Date” has the meaning set forth in Section 8.3(c). “Employee Benefit Plans” has the meaning set forth in Section 4.12(d). “Employee Matters” means any matters relating to Employees other than Tax matters relating to such Persons and any matters relating to the retirement benefits of such Persons under applicable Law or a Pension Plan. “Employees” means any of (i) the former and current employees of AOAG and the Assets Sellers as well as (ii) the former and current employees, legal representatives, directors and officers of any Target Group Company or any Controlled Dealership Entity.