Specified Investment Property definition

Specified Investment Property means, collectively, Securities Accounts established solely for the purpose of funding payroll, payroll taxes and other compensation and benefits to employees.
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Specified Investment Property means, collectively, (a) (i) Securities Accounts exclusively used for trust, payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Grantor’s employees and (ii) escrow or similar Securities Accounts exclusively holding funds or property owned by third parties and (b) any Securities Account that, as of any applicable date of determination, has not held property with a market value at any time in the preceding six (6) months in excess of $500,000 (provided that the aggregate market value of all property held in all such Securities Accounts, together with aggregate amount on deposit in all such Deposit Accounts of the type described in clause (b) of the definition of “Specified Deposit Account”, shall not exceed $6,000,000 at any time); provided further that, notwithstanding the foregoing, to the extent that any Securities Account noted in clause (b) is at a Controlled Intermediary, such Securities Account shall not be Specified Investment Property.
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Specified Investment Property means, collectively, (a) Securities Accounts established solely for the purpose of funding payroll, payroll taxes and other compensation and benefits to employees and (b) so long as no Default or Event of Default has occurred and is continuing, Securities Accounts with amounts or investments on deposit that, when aggregated with the amounts on deposit in all other Securities Accounts for which control agreements have not been obtained (other than those specified in clause (a)), do not exceed $250,000 at any time.
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Examples of Specified Investment Property in a sentence

  • Physical distribution meant a slow flow of limited information, in some cases retailers were in control of this flow and did not promote or develop it.

  • Manual for Design, Construction, and Maintenance of Orthotropic Steel Deck Bridges.

  • As of the Closing Date, all Deposit Accounts (other than (a) Specified Deposit Accounts and (b) Deposit Accounts pledged to a third party pursuant to a Lien permitted by the SPA), Securities Accounts (other than Specified Investment Property) and lockboxes are listed on Schedule 3.8.

  • As of the date hereof, all Deposit Accounts (including, without limitation, cash management accounts that are Deposit Accounts and all Specified Deposit Accounts), Securities Accounts (including, without limitation, cash management accounts that are Securities Accounts and all Specified Investment Property) and lockboxes are listed on Schedule 3.10.

  • Such Grantor shall promptly (a) notify the Collateral Agent, in writing, of the acquisition or ownership by such Grantor of any (i) Commercial Tort Claim, (ii) Deposit Account (other than Specified Deposit Accounts), or (iii) Investment Property (other than Specified Investment Property) after the date hereof and (b) deliver to the Collateral Agent a written supplement to Schedules of this Agreement to the extent required to maintain the accuracy of such Schedules.

  • Subject to Section 8.18 of the Credit Agreement, after the date hereof, all Deposit Accounts (other than Specified Deposit Accounts) and all Investment Property (other than Specified Investment Property) will be maintained with the Administrative Agent or with a Controlled Depositary or a Controlled Intermediary, as applicable.


More Definitions of Specified Investment Property

Specified Investment Property means, collectively, Securities Accounts established solely for the purpose of funding payroll, payroll taxes and other compensation and benefits to employees. “Trademark License” means any agreement now or hereafter in existence providing for the grant by or to any Grantor of any right to use any Trademark, including, without limitation, any of the foregoing referred to in Schedule 3.11 to the Collateral Disclosure Letter. “Trademarks” means, collectively, all of the following of any Grantor: (a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, internet domain names, 5 60010211_5 trade styles, service marks, logos, other business identifiers, whether registered or unregistered, all registrations and recordings thereof, and all applications in connection therewith (other than each application to register any trademark or service xxxx xxxxx to the filing under Applicable Law of a verified statement of use for such trademark or service xxxx) anywhere in the world, including, without limitation, those listed on Schedule 3.11 to the Collateral Disclosure Letter, (b) all reissues, extensions, continuations (in whole or in part) and renewals of any of the foregoing, (c) all income, royalties, damages and payments now or hereafter due and/or payable under any of the foregoing or with respect to any of the foregoing, including, without limitation, damages or payments for past, present or future infringements of any of the foregoing, (d) the right to xxx for past, present or future infringements of any of the foregoing and (e) all rights corresponding to any of the foregoing (including the goodwill) throughout the world. “Trust Account” means a premium trust account established by Multifamily to hold all premiums, applicable taxes and surcharges paid in respect of policies covering the insurance business described in the Agency Agreement until the same are delivered to AMHIC (such delivery being net of commissions payable to Multifamily in respect thereof) pursuant to the terms of the Agency Agreement. “Trust Property” means the Trust Account and all funds held from time to time in the Trust Account other than funds in the Trust Account to be paid as commissions to Multifamily pursuant to the terms of the Agency Agreement. “Vehicles” means all cars, trucks, trailers, construction and earth moving equipment and other vehicles covered by a certificate of title under any Applicable Law and which cannot be perfecte...
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Specified Investment Property means (x) Equity Interests in Grupo Aeromèxico, S.A.B. de C.V. owned by any Loan Party and pledged as Collateral pursuant to a pledge and security 37 agreement governed by the laws of Mexico in form and substance reasonably satisfactory to the Administrative Agent and the Borrower and (y) Equity Interests in any other Person owned by any Loan Party and identified as “Specified Investment Property” by the Borrower to the Administrative Agent and pledged as Collateral pursuant to a pledge agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower.
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Specified Investment Property means Investment Property with a value not in excess of $1,000,000 at any time.
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Specified Investment Property means (x) Equity Interests in Grupo Aeromèxico, S.A.B. de C.V. owned by any Loan Party and pledged as Collateral pursuant to a pledge and security agreement governed by the laws of Mexico in form and substance reasonably satisfactory to the Administrative Agent and the Borrower and(y) Equity Interests in any other Person owned by any Loan Party and identified as “Specified Investment Property” by the Borrower to the Administrative Agent and pledged as Collateral pursuant to a pledge agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower.
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Related to Specified Investment Property

  • Specified Investments means (a) direct obligations of the United States of America or obligations fully guaranteed by the United States of America; (b) commercial paper rated A-1/P-1 by S&P and Moody's, respectively or, if such ratings are unavailable, rated by any nationally recognized rating organization in the United States equal to the highest rating assigned by such rating organization; (c) investments in negotiable certificates of deposit, time deposits, banker's acceptances, commercial paper or other direct obligations of, or obligations guaranteed by, commercial banks organized under the laws of the United States or of any political subdivision thereof (or any U.S. branch of a foreign bank) with issuer ratings of at least B/C by Thomson Bankwatch, having maturities no later than 90 days following the date of such investment; (d) overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers; or (e) overnight repurchase agreements with respect to the securities described in clause (a) above entered into with an office of a bank or trust company which is located in the United States of America or any bank or trust company which is organized under the laws of the United States or any state thereof and has capital, surplus and undivided profits aggregating at least $500 million. SSB. State Street Bank and Trust Company of Connecticut, National Association, a national banking association or any successor Owner Trustee in its individual capacity.

  • Pledged Investment Property means any investment property of any Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments.

  • Qualified Investments means any and all securities, obligations or accounts in which municipalities may invest their funds under applicable Maine law.

  • Qualified investment has the meaning set forth in Section 313.021(1) of the TEXAS TAX CODE, as interpreted by the Comptroller’s Rules.

  • Approved Investment means any type of security, participation or interest in property in which Cash Collateral may be invested or reinvested, as set forth on Schedule I hereto (which may be amended from time to time to add additional Approved Investments with the written consent of the Bank and the Lender, or to delete any Approved Investment at the written direction of the Lender).

  • Applicant’s Qualified Investment means the Qualified Investment of the Applicant during the Qualifying Time Period and as more fully described in EXHIBIT 3 of this Agreement.

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.

  • Qualified Investors means investors who are professional clients (client professionnel/professionele cliënt) or eligible counterparty (contrepartie éligible/in aanmerking komende tegenpartij) as defined in the Belgian Prospectus Law of 16 June 2006 (as amended from time to time). The Qualified Investors may bear a lower Entry Fee (as defined under item 77 of Part A) depending on (i) the evolution of the credit quality of the Issuer (credit spread), (ii) the evolution of interest rates, (iii) the success (or lack of success) of the placement of the Notes, and (iv) the amount of Notes purchased by an investor, each as determined by each relevant distributor (including BNP Paribas Fortis SA/NV) in its sole discretion. Conditions to which the offer is subject: The Offer of the Notes is conditional on its issue.

  • Investment Project means an investment in qualified buildings

  • Qualified Investor means an investor who has been certified by the commissioner under subdivision 3.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company.

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

  • Investment Related Property means: (i) all “investment property” (as such term is defined in Article 9 of the UCC) and (ii) all of the following (regardless of whether classified as investment property under the UCC): all Pledged Equity Interests, Pledged Debt, the Investment Accounts and certificates of deposit.

  • Permitted Investments means:

  • covered investment means, with respect to a Party, an investment in its territory of an investor of the other Party in existence as of the date of entry into force of this Treaty or established, acquired, or expanded thereafter.

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Authorized Investments means: any investment which may be authorized by the Commission but does not include restricted investments as specified in the Offering Documents from time to time.

  • Investment Vehicles means any investment company or pooled investment fund, including, but not limited to, mutual fund families, exchange-traded funds, fund of funds and hedge funds, in which a Defendant has or may have a direct or indirect interest, or as to which its affiliates may act as an investment advisor, but of which a Defendant or its respective affiliates is not a majority owner or does not hold a majority beneficial interest.

  • Liquid Investments means (a) readily marketable direct full faith and credit obligations of the United States of America or obligations unconditionally guaranteed by the full faith and credit of the United States of America; (b) commercial paper issued by (i) any Lender or any Affiliate of any Lender or (ii) any commercial banking institutions or corporations rated at least P-1 by Moody’s or A-1 by S&P; (c) certificates of deposit, time deposits, and bankers’ acceptances issued by (i) any of the Lenders or (ii) any other commercial banking institution which is a member of the Federal Reserve System and has a combined capital and surplus and undivided profits of not less than $250,000,000 and rated Aa by Moody’s or AA by S&P; (d) repurchase agreements which are entered into with any of the Lenders or any major money center banks included in the commercial banking institutions described in clause (c) and which are secured by readily marketable direct full faith and credit obligations of the government of the United States of America or any agency thereof; (e) investments in any money market fund which holds investments substantially of the type described in the foregoing clauses (a) through (d); (f) readily and immediately available cash held in any money market account maintained with any Lender; provided that, such money market accounts and the funds therein shall be unencumbered and free and clear of all Liens and other third party rights other than a Lien in favor of the Administrative Agent pursuant to the Security Documents; and (g) other investments made through the Administrative Agent or its Affiliates and approved by the Administrative Agent. All the Liquid Investments described in clauses (a) through (d) above shall have maturities of not more than 365 days from the date of issue.

  • Investment Proceeds means, with respect to any Distribution Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Series 2000-1 Accounts, together with an amount equal to the Series 2000-1 Investor Allocation Percentage of the net interest and other investment earnings on funds held in the Collection Account credited as of such date to the Collection Account pursuant to Section 4.02 of the Agreement.

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Authorized Investment means any type of instrument, security, participation or other property in which Cash Collateral may be invested or reinvested, as described in Section 5(f) hereof and Appendix 4 hereto (and as such Appendix may be amended from time to time by written agreement of the parties).

  • Widely Held Fixed Investment Trust as that term is defined in Treasury Regulations section 1.671-5(b)(22) or successor provisions.

  • Approved Investor means any institution which has made a Takeout Commitment and has been approved by Buyer and not subsequently disapproved by Buyer.

  • Permissible Investment means the investments specified by the Employer as available for investment of assets of the Trust and agreed to by the Trustee. The Permissible Investments under the Plan shall be listed in the Service Agreement.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.