Miscellaneous Securities definition
Miscellaneous Securities means Securities owned by one or more of the Loan Parties that (a) are not actively managed by the Loan Parties and (b) have, at all times, an aggregate carrying value on the Borrower’s balance sheet of no more than Ten Million Dollars ($10,000,000).
Miscellaneous Securities means any Automobile Securities, Credit Card Securities, Small Business Loan Securities and Student Loan Securities.
Examples of Miscellaneous Securities in a sentence
No Loan Party has direct or indirect interest in any Securities other than those set out in such Portfolio Report and Miscellaneous Securities.