Examples of Restricted Investment in a sentence
The amount of all Restricted Payments (other than cash) will be the fair market value on the date of the Restricted Payment of the Restricted Investment proposed to be made or the asset(s) or securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment.
The fair market value of any Restricted Investment, assets or securities that are required to be valued by this covenant will be determined, in the case of amounts under $20.0 million, by an officer of the General Partner and, in the case of amounts over $20.0 million, by the Board of Directors of the Company, whose determination shall be evidenced by a Board Resolution.
As of December 31, 2022, the Authority used the Level 2 – quoted market prices, which are significant other observable inputs, to measure the Restricted Investment held with the Escrow Agent in Money Market Funds.Credit risk.
The Restricted Investment Portfolio shall be structured to meet known debt service payments and construction draw schedules.