Financed Assets definition

Financed Assets means that part of a Project Facility treated as financed with Tax-Exempt Bond proceeds as reflected in a Final Written Allocation or, if no Final Written Allocation was prepared, the accounting records of the Issuer and the Tax Compliance Agreement for the Tax-Exempt Bonds.

Financed Assets means that part of a Project Facility treated as financed with Tax- Advantaged Bond proceeds as reflected in a Final Written Allocation or, if no Final Written Allocation was prepared, the accounting records of the Issuer and the Tax Compliance Agreement for the Tax-Advantaged Bonds.

Financed Assets shall have the meaning set forth in recitals hereof.

Examples of Financed Assets in a sentence

• The Bond Compliance Officer is responsible for making a written allocation of proceeds of Tax-Exempt Bonds to expenditures and identifying the Financed Assets.

• The Tax Compliance Agreement will (1) describe the Project Facility and the anticipated Financed Assets, (2) identify all Bond Restricted Funds and provide for arbitrage and rebate compliance, (3) for new money financings, require a Final Written Allocation, and (4) contain a form of the Annual Compliance Checklist for the Tax-Exempt Bonds.

• The Tax Compliance Agreement will (1) describe the Project Facility and the anticipated Financed Assets, (2) identify all Bond Restricted Funds and provide for arbitrage and rebate compliance, (3) for new money financings, require a Final Written Allocation, and (4) contain a form of the Annual Compliance Checklist for the Tax- Exempt Bonds.

• Without limiting the generality of the foregoing, the Servicer is authorized and empowered by the Trustee to execute and deliver, on behalf of itself, the Trust, the Certificateholders, the Trustee, or any of them, any and all instruments of satisfaction or cancellation, or partial or full release or discharge, and all other comparable instruments, with respect to such Receivables or to the Financed Assets securing such Receivables.

• Borrower shall execute and deliver the Security Agreement and the Control Agreement (and shall cause Securities Intermediary to execute and deliver the Control Agreement) for the purpose of granting a perfected first priority security interest in the Pledged Account and all Financed Assets and other property now or hereafter deposited or credited to the Pledged Account.

More Definitions of Financed Assets

Financed Assets means all Wireless Assets that have been acquired or financed by the Borrower using all or a portion of the proceeds of any Advance hereunder (whether or not such Wireless Assets have subsequently been deemed Ineligible Assets).

Financed Assets and “Financed Asset” means, as the context requires, all or any portion of the Project financed with proceeds of the Lease Agreement, as described on Exhibit C hereto.

Financed Assets means all of Dealer’s Inventory and Equipment which have been financed by CDF, and all attachments, accessories, accessions, returns, repossessions, exchanges, substitutions and replacements thereto, and all Proceeds thereof.

Financed Assets means, for each Project, that part of the Project treated as financed with Tax‐ Advantaged Bond proceeds as reflected in a Final Written Allocation or, in absence of such an allocation, the Borrower accounting records and the Tax Compliance Agreement for the Tax‐Advantaged Bond issue.

Financed Assets has the meaning set forth herein in the definition of Assumed Debt.

Financed Assets means capitalized assets acquired after the Effective Time and financed in whole or in part by specifically associated borrowings from third parties (including without limitation lease financings or vendor credits) as identified and agreed by the Executive Committee. Only Distributable Cash (as calculated pursuant to the preceding provisions) shall be taken into account for purposes of calculating any Excess Distributions under the Contingency Amount Note; provided, however, that if the Company is prohibited from distributing any or all of such Distributable Cash as a result of the terms of any Indebtedness, the provisions of Section 5.7 shall apply. On or prior to the thirtieth (30th) day following the end of the Distribution Period, the Executive Committee shall meet to approve the Report of Distributable Cash. The Executive Committee shall declare a distribution in the amount of Distributable Cash, plus any other amount upon which it may agree, subject to Section 1406 of the Act and any requirements or limitations imposed by any indebtedness; provided, however, that such other amount shall not be taken into account for purposes of calculating any Excess Distribution under the Contingency Amount Note.

Financed Assets means, with respect to a Floorplan Receivable, any inventory purchased by a Dealer and financed by an Originator pursuant to a Floorplan Financing Agreement and, with respect to any other Receivable, any assets of a Dealer securing a Receivable pursuant to a Financing Agreement.