Eligible Assets. The Fund shall only make investments in the Eligible Assets as described on Exhibit B, as amended from time to time with the prior written consent of Xxxxx Fargo, in accordance with the Fund’s investment objectives and the investment policies set forth in the Offering Memorandum, as such investment objectives and investment policies may be modified in accordance with the 1940 Act and applicable law and, if applicable, the Related Documents.
Eligible Assets. The Issuer shall only make investments in the Eligible Assets described in Exhibit B to this Agreement, as it may be amended from time to time with the prior written consent of the Purchaser, in accordance with the Issuer's investment objectives and the investment policies set forth in the Offering Memorandum, as such investment objectives and investment policies may be modified in accordance with the 1940 Act and applicable law.
Eligible Assets. The Fund shall make investments only in Eligible Assets in accordance with the Fund’s investment objectives and the investment policies set forth in the Offering Memorandum.
Eligible Assets. As of the Effective Date, the Issuer owns only Eligible Assets, as described in Exhibit B to this Agreement.
Eligible Assets. As of the Effective Date, the Fund owns only Eligible Assets, as described in Exhibit B to this Agreement.
Eligible Assets. Other than as disclosed to Administrative Agent in writing, the Borrowers have no knowledge or reason to believe that any Asset is no longer an Eligible Asset (provided, that if the Borrowers have disclosed the foregoing to Administrative Agent in writing, such Asset shall be excluded from the calculation of the Available Commitment, but Borrowers shall not be prohibited from such Borrowing upon satisfaction of the other conditions therefor).
Eligible Assets. The assets held in the Trust Account shall be valued at their Statutory Book Value as of the date as of which such assets are required to be valued. The assets that may be held in the Trust Account shall consist of cash and/or investments consistent with the requirements for authorized investments and admitted assets in the Ceding Company’s state of domicile and the Reinsurer’s state of domicile; provided, that (x) each such investment that is a security is issued by an institution that is not the Reinsurer, the Ceding Company or an Affiliate of either Party and (y) such investments comply with the Investment Guidelines; provided, further, that, following and during the continuation of a Recapture Event, in addition to complying with the Investment Guidelines, such investments shall also meet all requirements under the Ceding Company state of domicile’s insurance law and regulations with respect to providing Reserve Credit to the Ceding Company (the assets meeting the requirements of this sentence being the “Eligible Assets”). From time to time, subject to Section 4.7, the Reinsurer may direct the Trustee to substitute assets held in the Trust Account, provided that (i) at the time of such substitution, the withdrawn assets are replaced with other Eligible Assets having a Statutory Book Value at least equal to the Statutory Book Value of the assets withdrawn, and (ii) the Market-to-Book Requirement is satisfied; provided that for purposes of clause (ii), during the period when the Hedge Account Control Agreements are in effect, in determining the Market-toBook Ratio, the Fair Market Value of Eligible Assets in the Trust Account shall include the Hedging Assets Value, and subject to Section 4.11(e) the Ceding Company will cooperate with the Reinsurer in good faith on any substitution or disposition of any Eligible Asset risks which are hedged under any Hedging Asset.
Eligible Assets. All Assets that are subject to a Transaction under this Agreement are Eligible Assets.
Eligible Assets. The Transferred Receivables are “eligible assets” as such term is defined in Rule 3a-7 of the Investment Company Act.
