Financed Assets definition

Financed Assets means that part of a Project Facility treated as financed with Tax-Exempt Bond proceeds as reflected in a Final Written Allocation or, if no Final Written Allocation was prepared, the accounting records of the Issuer and the Tax Compliance Agreement for the Tax-Exempt Bonds.

Financed Assets means that part of a Project Facility treated as financed with Tax-Advantaged Bond proceeds as reflected in a Final Written Allocation or, if no Final Written Allocation was prepared, the accounting records of the Issuer and the Tax Compliance Agreement for the Governmental Tax- Advantaged Bond issue.

Financed Assets and “Financed Asset” means, as the context requires, all or any portion of the Project financed with proceeds of the Lease Agreement, as described on Exhibit C hereto.

Examples of Financed Assets in a sentence

• At least 85% of the proceeds of the Lease Agreement will be allocated to expenditures on the Financed Assets within 3 years after the Closing Date.

• The completion of the Financed Assets and the allocation of the Lease Proceeds to expenditures will proceed with due diligence.

• The Issuer has incurred, or will incur within 6 months after the Closing Date, a substantial binding obligation to a third party to spend at least 5% of the Lease Proceeds on the Financed Assets.

• No reimbursement allocation will be made more than 3 years following the later of (a) the date of the expenditure or (b) the date the Financed Assets were placed in service.

• Pursuant to the Lease and the Escrow Agreement, amounts held in the Project Fund will be used to pay costs to acquire, construct, install and equip the Financed Assets (as defined herein).

More Definitions of Financed Assets

Financed Assets shall have the meaning set forth in recitals hereof.

Financed Assets means all Wireless Assets that have been acquired or financed by the Borrower using all or a portion of the proceeds of any Advance hereunder (whether or not such Wireless Assets have subsequently been deemed Ineligible Assets).

Financed Assets means all of Dealer’s Inventory and Equipment which have been financed by CDF, and all attachments, accessories, accessions, returns, repossessions, exchanges, substitutions and replacements thereto, and all Proceeds thereof.

Financed Assets means, for each Project, that part of the Project treated as financed with Tax‐ Advantaged Bond proceeds as reflected in a Final Written Allocation or, in absence of such an allocation, the Borrower accounting records and the Tax Compliance Agreement for the Tax‐Advantaged Bond issue.

Financed Assets has the meaning set forth herein in the definition of Assumed Debt. FOREIGN LENDER has the meaning specified in SECTION 10.15.

Financed Assets. [NOTE: insert Project as defined in Purchase Agreement unless modified during construction] Issue Date of Bonds: [**CLOSING DATE**] Placed in service date of the Financed Assets: Name of Bond Compliance Officer: Period covered by request (“Annual Period”): January 1, – December 31, Item Question Response 1 Ownership Were all of the Financed Assets owned by the Participant during the entire Annual Period? Yes No If answer above was “No,” was an Opinion of Bond Counsel obtained prior to the transfer? If Yes, include a copy of the Opinion in the Tax-Exempt Bond File. If No, contact Bond Counsel and include description of resolution in the Tax-Exempt Bond File. Yes No

Financed Assets. [NOTE: insert Project as defined in Purchase Agreement unless modified during construction] Issue Date of Bonds: Placed in service date of the Financed Assets: Name of Participant Bond Compliance Officer: Period covered by request (“Annual Period”): Item Question Response