Funded Assets definition

Funded Assets means any items whose purchase, construction or improvement are wholly or partly funded by the Facility, that cost or are valued at (whichever is higher) £[] or more, and have a useful economic life of three years or more (based on normal accounting practice);]

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Funded Assets means each Funded Receivable and all Related Security and Collections with respect thereto.

Funded Assets means, on any date, the sum of (i) the Current Book Values of the Partnership Non-program Vehicles (other than a Partnership Non-program Vehicle in respect of which a Partnership Vehicle Receivable is outstanding) less the aggregate amounts owing to Manufacturers by the Partnership in respect of such Partnership Non-program Vehicles on such date, (ii) the Current Book Values of the Partnership Program Vehicles and the Program Negotiation Vehicles (other than any Partnership Program Vehicles or Program Negotiation Vehicles in respect of which a Partnership Vehicle Receivable is outstanding) less the aggregate amounts owing to Manufacturers by the Partnership in respect of such Partnership Program Vehicles or Program Negotiation Vehicles on such date, (iii) the aggregate amount of Partnership Vehicle Receivables owing by a Manufacturer, Approved Dealer, auction house or other Person, (iv) the amount of any Non-restricted Cash, and (v) the balance in the Principal Funding Account, in each case, on such date;”;

Examples of Funded Assets in a sentence

Except as permitted in the Academies Financial Handbook, the Academy Trust must not borrow against Publicly Funded Assets, or so as to put Publicly Funded Assets at risk, without the Secretary of State’s consent.
Except as permitted in the Academies Financial Handbook, the Academy Trust must not borrow against Publicly Funded Assets, or so as to put Publicly Funded Assets at risk, without the Secretary of State's consent.
DHSC will retain ultimate ownership of all Programme Funded Assets and Fixed Assets, specifically project Assets, financial Assets and information Assets, until ownership transfer or asset disposal is otherwise agreed in writing by DHSC.
UoE shall have the right at any time to perform checks on any Fixed and Programme Funded Assets, and/ or require the Lead Institution to do undertake the checks on UoE’s behalf.
No Project Funded Assets shall be sold, ceded, or otherwise disposed of without the prior written approval of the Centre.
The liabilities, book reserves and Funded Assets, if any, relating to each Seller Foreign Plan shall be apportioned between the Seller and its Affiliates (excluding the Transferred Subsidiaries) and the Purchasers and their Affiliates (including the Transferred Subsidiaries) as follows.
Funding Guidelines You must comply with, and procure that your Services, comply with all of the Funding Guidelines Funding Essentials You must comply with, and procure that your Services, comply with all of the Funding Essentials Funded Assets Not applicable.
In the case of any such plan that is an individual account plan, the book reserves or Funded Assets relating to each individual account shall be allocated to the applicable Purchaser Plan or Seller Plan that assumes the liabilities associated with such individual account.
Acquiring and disposing of Publicly Funded Assets In relation to Publicly Funded Assets, the Academy Trust must not, without the Secretary of State's consent: acquire or dispose of freehold land; take up or grant a leasehold of land; dispose of any other class of capital assets except as permitted in the Academies Financial Handbook, and subject to Part 3 of Schedule 1 to the Academies Act 2010.
Funded Assets other than insurance contracts shall be delivered to the recipient plan in cash; provided, that (a) if and to the extent delivery in cash is imprudent or illegal or would result in a material financial detriment to the delivering EXECUTION COPY -------------- plan, the recipient plan, or both, or (b) if the Seller and the Purchasers so agree, such delivery shall be made in kind.

More Definitions of Funded Assets

Funded Assets means, on any date, the sum of (i) the Current Book Values of the Partnership Non-program Vehicles (other than a Partnership Non- program Vehicle in respect of which a Partnership Vehicle Receivable is outstanding) less the aggregate amounts owing to Manufacturers by the Partnership in respect of such Partnership Non-program Vehicles on such date, (ii) the Current Book Values of the Partnership Program Vehicles and the Program Negotiation Vehicles (other than any Partnership Program Vehicles or Program Negotiation Vehicles in respect of which a Partnership Vehicle Receivable is outstanding) less the aggregate amounts owing to Manufacturers by the Partnership in respect of such Partnership Program Vehicles or Program Negotiation Vehicles on such date, (iii) the aggregate amount of Partnership Vehicle Receivables owing by a Manufacturer, Approved Dealer, auction house or other Person, (iv) the amount of any Non-restricted Cash, and (v) the balance in the Principal Funding Account, in each case, on such date;”;

Funded Assets means any trust, insurance policy, or other assets set aside to fund a Foreign Benefit Plan.

Funded Assets means all such assets collectively.