Prohibited Investment means Property (other than prescribed excluded Property as that term is defined in the Tax Act) that is:
Prohibited Investment means any investment prohibited by § 38.2-1407.
Prohibited Investment. , of a trust at any time, means a property that:
Examples of Prohibited Investment in a sentence
The Holder shall be responsible for selecting the investments of the Account, ensuring that an investment is and continues to be a Qualified Investment, and determining whether any such investment is not and continues not to be a Prohibited Investment.
More Definitions of Prohibited Investment
Prohibited Investment means property (other than excluded property as that term is defined in the Tax Act) that is:
Prohibited Investment means, with respect to any Person, any Investment by such Person in any Person that is not a Subsidiary of such first Person, other than (i) an Investment in Cash Equivalents; (ii) to the extent not included in clause (i), (a) negotiable instruments held for collection, (b) outstanding travel, moving or other similar advances to officers, employees and consultants of such Person, (c) lease or utility deposits or other similar deposits or (d) Capital Stock, debt obligations or similar securities received in settlement of debts owed to such Person or its Subsidiaries as a result of the foreclosure, perfection or enforcement of any Liens by such Person or any of its Subsidiaries, but, in each case, only to the extent such Investments are made in the ordinary course of business; (iii) sales of goods on trade credit terms consistent with the past practices of such Person or otherwise consistent with trade credit terms in common use in the industry; and (iv) Investments made in connection with Permitted Acquisitions.
Prohibited Investment has the meaning set forth in Section 5.5(b)(viii) hereof.
Prohibited Investment. Shall have the meaning of the term “prohibited investment” as set out in subsection 207.01(1) of the Income Tax Act.
Prohibited Investment has the meaning set forth in Section 12.2.7.
Prohibited Investment is defined in Section 15.20.