TRT Investment definition

TRT Investment means an amount in United States dollars in immediately available funds, which is determined as follows: $161,500,000 (representing the sales price of the Properties) minus the amount of the Initial Mortgage Indebtedness, if any, multiplied by .90.

Examples of TRT Investment in a sentence

  • The contribution or sale to the LLC Subsidiaries by the Contributors of the Projects, the sale of the Beaver Creek Purchased Company to the Joint Venture, and the contribution of the TRT Investment shall be upon the terms and subject to the conditions set forth in this Agreement.

  • If this transaction is consummated, the Xxxxxxx Money Deposit (together with any interest earned thereon) shall be applied against the TRT Investment as a credit to TRT.

  • In addition, Beijing Tong Xxx Xxxx International Natural-Pharm Company Limited (an indirect subsidiary of the Company) ("TRT International") entered into the Previous JV Agreement with Beijing Tong Xxx Xxxx Commercial Investment and Development Company Limited (an associate of the Parent) ("TRT Investment") and four other parties independent of the Company for the formation of Beijing Tong Xxx Xxxx Health Preserving and Culture Company Limited (the "Previous JV Company") on 27 May 2010.

  • This Agreement does not supersede or amend the TRT Investment Agreement.

  • TRT shall contribute the TRT Investment plus an amount equal to TRT's pro rata share of the estimated working capital of the Joint Venture and the estimated Organizational Costs and Expenses of the Joint Venture to the Joint Venture in immediately available United States Dollars (the "Initial TRT Contribution") less any proration items as more particularly set forth in Section 7.

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  • TRT shall contribute the TRT Investment plus an amount equal to TRT’s pro rata share of the estimated working capital of the Joint Venture and the estimated Organizational Costs and Expenses of the Joint Venture to the Joint Venture in immediately available United States Dollars (the “Initial TRT Contribution”) less any proration items as more particularly set forth in Section 7.

  • A closing statement which shall, among other items, set forth the TRT Investment, the cash payment made to each Contributor, and all disbursements made at Closing on behalf of TRT and the Contributors (the “Closing Statement”).

Related to TRT Investment

  • Nonpurpose Investment means any investment property, as defined in section 148(b) of the Code, in which Gross Proceeds of the Bonds are invested and which is not acquired to carry out the governmental purposes of the Bonds.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • 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.

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

  • 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).

  • Direct investment means a direct investment as defined by the International Monetary Fund under its Balance of Payments manual, fifth edition (BMP 5), as amended;

  • Minimum Investment means an investment in the project of at least two and one‑half million dollars within the investment period. If a county has an average annual unemployment rate of at least twice the state average during the last twenty‑four month period based on data available on the most recent November first, the minimum investment is one million dollars. The department shall designate these reduced investment counties by December thirty‑first of each year using data from the South Carolina Department of Employment and Workforce and the United States Department of Commerce. The designations are effective for a sponsor whose fee agreement is signed in the calendar year following the county designation. For all purposes of this chapter, the minimum investment may include amounts expended by a sponsor or sponsor affiliate as a nonresponsible party in a voluntary cleanup contract on the property pursuant to Article 7, Chapter 56, Title 44, the Brownfields Voluntary Cleanup Program, if the Department of Health and Environmental Control certifies completion of the cleanup. If the amounts under the Brownfields Voluntary Cleanup Program equal at least one million dollars, the investment threshold requirement of this chapter is deemed to have been met.

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

  • Investment Client means (i) any investment company registered as such under the Investment Company Act, any series thereof, or any component of such series for which the Adviser acts as investment adviser; or (ii) any private account for which the Adviser acts as investment adviser.

  • Investment is any beneficial ownership interest in any Person (including stock, partnership interest or other securities), and any loan, advance or capital contribution to any Person.

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

  • Net Investment means (i) as it relates to the Stockholders, the total amount of Gross Proceeds raised in all Offerings; and (ii) as it relates to the Limited Partners (other than the General Partner in its capacity as a Limited Partner) the total amount of Capital Contributions.

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Capital investment means an investment in real property, personal property, or both, at a

  • 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.

  • Alternative Investment Vehicle means an entity created in accordance with the Operative Documents of a Borrower to make investments and that has the right to call on Capital Commitments directly from Investors.

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.

  • 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).

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Qualified equity investment means any equity investment in, or long-term debt security issued by, a qualified community development entity that:

  • Net Investment Loss With respect to the Certificate Account, the Servicing Accounts or the REO Account or Companion Distribution Account for any period from any Distribution Date to the immediately succeeding P&I Advance Date, the amount by which the aggregate of all losses, if any, incurred during such period in connection with the investment of funds relating to the Trust Fund held in such account in accordance with Section 3.06, exceeds the aggregate of all interest and other income realized during such period on such funds.

  • Investment Vehicle means a corporation, partnership, limited partnership, limited liability company, association, or other entity, either domestic or foreign, managed by an external manager in which a board is the majority investor and that is organized in order to invest with, or retain the investment management services of, other external managers.

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

  • Direct Investments means assets which are not Underlying Funds.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).