Monetary Assets definition

Monetary Assets means all monetary assets of the patient’s family excluding retirement or deferred compensation plans (both qualified and non-qualified under the Internal Revenue Code), not counting the first $10,000 of such assets, nor fifty percent (50%) of the amount of such assets over the first $10,000.

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Monetary Assets means resources owned and controlled by the applicant and his/her family, which are convertible to cash or held as cash as defined by the State of California in AB774 – Fair Pricing Policy.

Monetary Assets means the sum of (i) the cash of the Advisor, the Property Manager and each Subsidiary of the Property Manager as of the Closing; (ii) the receivables held by the Advisor, the Property Manager and each Subsidiary of the Property Manager as of the Closing (except for those receivables which are otherwise to be prorated as set forth in Section 4.2); and (iii) the deposits made by the Advisor, the Property Manager and each Subsidiary of the Property Manager and held in escrow accounts as of the Closing.

Examples of Monetary Assets in a sentence

• If the Estimated Closing Date Net Monetary Assets are less than the Target Net Monetary Assets, the amount of such deficiency shall be deducted from the Aggregate Merger Consideration.

• On December 31, 2013, the parties shall determine the amount of Monetary Assets and Monetary Liabilities (both of which terms are defined below).

• Notwithstanding anything herein to the contrary, no ATS Indemnified Party shall be entitled to indemnification for any Liability to the extent included in the calculation of Closing Date Net Monetary Assets.

• If the Borrower grants, creates or permits to subsist any security over any of its International Monetary Assets or over any other assets of the Borrower in respect of External Indebtedness of the Borrower other than a Permitted Encumbrance, the Borrower shall so inform the Bank and shall, if so required by the Bank, provide to the Bank equivalent security for the performance of its obligations hereunder.

• If the Estimated Closing Date Net Monetary Assets are greater than the Target Net Monetary Assets, the amount of such excess shall be added to the Aggregate Merger Consideration.

• Return of Assets is performed by the Asset Manager on the basis of the Monetary Assets Withdrawal Instruction (Appendix 5 to the Agreement), as provided by the Client.

• Following the Closing, the Venture shall be entitled to use the excess of the Monetary Assets over the Monetary Liabilities (as such terms are defined below) in connection with the initial repair and renovation of the Properties (as defined below) prior to the initial leasing of the Properties following the Venture’s (or its subsidiaries’) acquisition thereof (the “Initial Renovations”).

More Definitions of Monetary Assets

Monetary Assets means all items normally identified as monetary assets, including, without limitation: cash on hand or in bank accounts, accounts receivable, and prepaid expenses;

Monetary Assets means the sum of

Monetary Assets means assets in excess of $100,000 that can readily be converted into a fixed or precisely determinable amount of money, including cash and cash equivalents, such as cash on hand, bank deposits, investment accounts, accounts receivable (AR), and notes receivable. Monetary assets do not include retirement assets to which the Internal Revenue Service has granted preferential tax treatment.