Permitted Portfolio Investments definition

Permitted Portfolio Investments means Investments by the Insurance Subsidiaries made in the ordinary course of business.
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Permitted Portfolio Investments means Cash Equivalents and short-term portfolio investments made in accordance with the then current investment policy of the Board of Directors of Kinross Canada or otherwise acceptable to the Administrative Agent.
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Permitted Portfolio Investments means Investments by the Company or the Company’s Insurance Subsidiaries; provided that (a) in the case of an Investment in assets that are not Investment Grade Assets, after giving effect thereto, not more than 12% of the aggregate fair market value of all Investments held by the Company and the Insurance Subsidiaries, taken as a whole, may be comprised of Investments in assets that are not Investment Grade Assets (exclusive of the Investments referred to in paragraphs (b), (c), and (d) below and contract loans as specified on page 2, line 6 of the Company’s Annual Statements), (b) in the case of an Investment that is not NAIC rated, after giving effect thereto, not more than 6.0% of the aggregate fair market value of all Investments held by the Company and the Insurance Subsidiaries, taken as a whole, may be comprised of Investments that are not NAIC rated (exclusive of the Investments referred to in paragraphs (a), (c) and (d) hereof and contract loans as specified on page 2, line 6 of the Company’s Annual Statement), (c) in the case of an Investment in real property mortgage loans classified on Schedule B-Part 1 of the Annual Statement, after giving effect thereto, not more than 12.0% of the aggregate fair market value of all Investments held by the Company and the Insurance Subsidiaries, taken as a whole, may be comprised of Investments in assets that are Investments in real property mortgage loans classified on Schedule B-Part 1 of the Annual Statement (exclusive of Investments referred to in paragraphs (a), (b) and (d) hereof) and (d) in the case of an Investment in Capital Stock, after giving effect thereto, not more than 5.0% of the aggregate fair market value of all Investments held by the Company and the Insurance Subsidiaries, taken as a whole, may be comprised of Investments involving Capital Stock.
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More Definitions of Permitted Portfolio Investments

Permitted Portfolio Investments means Investments by the Company’s Insurance Subsidiaries; provided that (a) in the case of an Investment in assets that are not Investment Grade Assets, after giving effect thereto, not more than 10% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments in assets that are not Investment Grade Assets (exclusive of the Investments referred to in paragraphs (b), (c), and (d) below and policy loans as specified on page 2, line 6 of the Company’s Annual Statements), (b) in the case of an Investment that is not NAIC rated, after giving effect thereto, not more than 6% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments that are not NAIC rated (exclusive of the Investments referred to in paragraphs (a), (c) and (d) hereof and policy loans as specified on page 2, line 6 of the Company’s Annual Statement), (c) in the case of an Investment in real property mortgage loans classified on Schedule B-Part 1 of the Annual Statement, after giving effect thereto, not more than 12% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments in assets that are Investments in real property mortgage loans classified on Schedule B-Part 1 of the Annual Statement (exclusive of Investments referred to in paragraphs (a), (b) and (d) hereof) and (d) in the case of an Investment in Capital Stock, after giving effect thereto, not more than 1% of the aggregate fair market value of all Investments held by the Insurance Subsidiaries may be comprised of Investments involving Capital Stock.
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Related to Permitted Portfolio Investments

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Receivables Facility Attributed Indebtedness means the amount of obligations outstanding under a receivables purchase facility on any date of determination that would be characterized as principal if such facility were structured as a secured lending transaction rather than as a purchase.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of Related Business Assets or a combination of Related Business Assets and cash or Cash Equivalents between Holdings or a Restricted Subsidiary and another Person; provided that any cash or Cash Equivalents received must be applied in accordance with Section 10.4.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Eligible Investments mean book-entry securities, negotiable instruments or securities represented by instruments in bearer or registered form which evidence:

  • Permitted Receivables Financing means any one or more receivables financings in which (a) any Loan Party or any Restricted Subsidiary (i) sells (as determined in accordance with GAAP) any accounts (as defined in the Uniform Commercial Code as in effect in the State of New York), payment intangibles (as defined in the Uniform Commercial Code as in effect in the State of New York), notes receivable, rights to future lease payments or residuals (collectively, together with certain property relating thereto and the right to collections thereon, being the “Transferred Assets”) to any Person that is not a Subsidiary or Affiliate of the Borrower (with respect to any such transaction, the “Receivables Financier”), (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets and/or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier or (b) any Loan Party or any Restricted Subsidiary sells, conveys or otherwise contributes any Transferred Assets to a Receivables Financing SPC, which Receivables Financing SPC then (i) sells (as determined in accordance with GAAP) any such Transferred Assets (or an interest therein) to any Receivables Financier, (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier; provided that (A) the aggregate Attributed Principal Amount for all such financings shall not at any time exceed $600,000,000 and (B) such financings shall not involve any recourse to any Loan Party or any Restricted Subsidiary for any reason other than (x) repurchases of non-eligible assets or (y) indemnifications for losses other than credit losses related to the Transferred Assets.

  • Permitted Investments means:

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Permitted Loans means: