Finance Assets definition

Finance Assets means each of the following: (a) investments in securities issued or fully guaranteed by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof), (b) investments in equity securities traded on the New York Stock Exchange, the American Stock Exchange or NASDAQ and securities convertible in to such equity securities, (c) investments in Investment Grade Obligations, (d) investments in money market funds substantially all the assets of which are comprised of securities of the types described in clauses (a) through (c) above, (e) investments in Wholly-Owned Subsidiaries of the Borrower, (f) investments in Main Street America Holdings, Inc., Folksamerica Holding Company Inc. and Financial Security Assurance Holdings Ltd. and (g) so long as put rights with respect thereto are available to the Borrower, investments in US West Preferred Stock; provided, that Finance Assets shall not include any -------- securities pledged to secure any obligations (contingent or otherwise).

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Finance Assets means each of the following: (a) investments in securities issued or fully guaranteed by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof), (b) investments in equity securities traded on the New York Stock Exchange, the American Stock Exchange or NASDAQ and securities convertible in to such equity securities, (c) investments in Investment Grade Obligations, (d) investments in money market funds substantially all the assets of which are comprised of securities of the types described in clauses (a) through (c) above, (e) investments in Wholly- Owned Subsidiaries of either Loan Party, (f) investments in Main Street America Holdings, Inc., Folksamerica Holding Company Inc. and Financial Security Assurance Holdings Ltd. and (g) so long as put rights with respect thereto are available to either Loan Party, investments in US West Preferred Stock; provided, that Finance Assets shall not include any securities pledged to secure -------- any obligations (contingent or otherwise).

Finance Assets means cash on hand and short term deposits.

Examples of Finance Assets in a sentence

In addition, the Manager shall take such other action as it deems necessary or appropriate with regard to the protection of the Asset-Backed Finance Assets.
The Borrower will, and will cause each Subsidiary --------------- to, use the proceeds of the Advances to meet the working capital and general corporate needs of the Borrower and its Subsidiaries, including but not limited to the purchase of Finance Assets.
Without limiting the foregoing, the Manager shall perform portfolio management services (the “Portfolio Management Services”) on behalf of the Company, the Series and the Subsidiaries with respect to the Asset-Backed Finance Assets.
At any time Loans are outstanding and -------------------- the sum of cash and Money Market Investments of the Borrower is less than the aggregate outstanding principal amount of Funded Indebtedness of the Borrower at such time, maintain a Finance Assets Ratio of not less than 2.5:1.0.
Finance Assets Ratio................................................................39 -------------------- 6.
The Borrower shall, at any time ----------------------------- Loans are outstanding to the Borrower and the sum of cash and Money Market Investments of the Borrower is less than the aggregate outstanding principal amount of Funded Indebtedness of the Borrower at such time, maintain a Finance Assets Ratio of not less than 1.5:1.0.
At any time Loans are outstanding and -------------------- the sum of cash and Money Market Investments of Parent is less than the aggregate outstanding principal amount of Funded Indebtedness of Parent at such time, maintain a Finance Assets Ratio of not less than 2.5:1.0.
Finance Assets Ratio................................................................39 -------------------- 6.20.
The Subsidiary Borrower ---------------------------------------- shall, at any time Loans are outstanding to the Subsidiary Borrower and the sum of cash and Money Market Investments of the Subsidiary Borrower is less than the aggregate outstanding principal amount of Funded Indebtedness of the Subsidiary Borrower at such time, maintain a Finance Assets Ratio of not less than 1.5:1.
The Borrower will, and will cause each Subsidiary to, use the proceeds of the Advances to meet the working capital and general corporate needs of the Borrower and its Subsidiaries, including but not limited to the purchase of Finance Assets.

More Definitions of Finance Assets

Finance Assets means the Assets as defined in the Finance Purchase Agreement;

Finance Assets means Finance Contracts and the associated Contract Rights and Contract Debtor Records.

Finance Assets means (i) United States Government

Finance Assets means each of the following: (a) investments in securities issued or fully guaranteed by the United States of America or any agency or instrumentality thereof (PROVIDED that the full faith and credit of the United States of America is pledged in support thereof), (b) investments in equity securities traded on an Acceptable Exchange and securities convertible into such equity securities, (c) investments in Investment Grade Obligations, (d) investments in money market and mutual funds substantially all the assets of which are comprised of securities of the types described in CLAUSES (a) through (c) above and (e) Eligible FSA Securities; PROVIDED, that Finance Assets shall not include any securities (i) pledged to secure any obligation (contingent or otherwise) or (ii) restricted as to sale or disposition by any agreement.