Qualified Asset definition

Qualified Asset means a physical asset that provides or supports an essential
Qualified Asset means a physical asset that provides or supports an essential public service.
Qualified Asset any Eligible Owned Asset or Eligible Ground Leased Asset, in each case which shall be initially listed as of the Closing Date on Schedule 1.1B, plus any property or asset which subsequently becomes a Qualified Asset in accordance with Section 8.17, but excluding (i) any Qualified Asset which is removed by the Administrative Agent in accordance with Section 8.16 or (ii) any Qualified Asset which is released in accordance with Section 8.15.

Examples of Qualified Asset in a sentence

  • Qualified asset for purposes of section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”).

  • Qualified asset account; limitation on addi-tions to account.§ 419.

  • Qualified asset management firms will acquire and rehabilitate properties in Cobb&rsquos areas of greatest need &ndash such as Powder Springs, Smyrna, Marietta, Kennesaw, Acworth, and other priority unincorporated areas as they are identified.

  • Qualified asset account; limitation on additions to account 251§ 420.

  • Qualified asset: generally, any obligation or financial instrument held by the CFC that gives rise to income included in the gross tested income of the CFC for the CFC inclusion year that is excluded from foreign personal holding company because of the Section 954(c)(2)(C)(ii) securities dealer exception, the qualified banking or financing income exception, or the qualified insurance income exception.


More Definitions of Qualified Asset

Qualified Asset means, at any time, any Eligible Owned Asset or Eligible Ground Leased Asset. Each Qualified Asset as of the date of the Closing is set forth on Schedule QA.
Qualified Asset or “Qualified Assets” shall mean the direct or indirect interest of the Partnership in (a) each Approved Qualified Asset and Non-Parameter Asset acquired by the Partnership pursuant to Section 3.6 hereof, and (b) the Qualified Assumed Assets.
Qualified Asset any Eligible Owned Asset, Eligible Ground Leased Asset, Eligible Capital Leased Asset, Eligible Operating Leased Asset or Eligible Managed Segment, in each case which shall be initially listed as of the Closing Date on Schedule 1.1B, plus any property or asset which subsequently becomes a Qualified Asset in accordance with Section 8.17, but excluding (i) any Qualified Asset which is removed by the Administrative Agent in accordance with Section 8.16 or (ii) any Qualified Asset which is released in accordance with Section 8.15.
Qualified Asset means (a) each Marina Property or other Real Estate Asset listed on Schedule III as of the FirstThird Amendment Effective Date, and (b; (b) upon the consummation of the Specified Acquisition in accordance with the Specified Acquisition Documents, the Specified Marina and the Specified Marine Center; and (c) any other Marina Property or other Real Estate Asset that satisfies the Qualified Asset Criteria at all times during which such Marina Property or other Real Estate Asset is included in the Borrowing Base, including (i) any Marina Property or other Real Estate Asset which subsequently becomes a Qualified Asset in accordance with Section 7.20, (ii) any Marina Property or other Real Estate Asset that is owned by an Investment Joint Venture that subsequently becomes a Wholly-Owned Subsidiary of any Credit Party and whose Marina Property or other Real Estate Asset becomes a Qualified Asset in accordance with Section 7.20 and (iii) any Substantially Completed Asset Under Development that subsequently becomes a Qualified Asset in accordance with Section 7.20, but excluding (x) any Qualified Asset which is removed by the Administrative Agent in accordance with Section 7.19(b) or (y) any Qualified Asset which is released in accordance with Section 7.19(a).
Qualified Asset to open an XXX account for the purpose of saving for a qualified asset that includes home ownership, job training or education, and/or self-employment.
Qualified Asset means (a) each Marina Property or other Real Estate Asset listed on Schedule III as of the First Amendment Effective Date, and (b) any other Marina Property or other Real Estate Asset that satisfies the Qualified Asset Criteria at all times during which such Marina Property or other Real Estate Asset is included in the Borrowing Base, including (i) any Marina Property or other Real Estate Asset which subsequently becomes a Qualified Asset in accordance with Section 7.20, (ii) any Marina Property or other Real Estate Asset that is owned by an Investment Joint Venture that subsequently becomes a Wholly-Owned Subsidiary of any Credit Party and whose Marina Property or other Real Estate Asset becomes a Qualified Asset in accordance with Section 7.20 and (iii) any Substantially Completed Asset Under Development that subsequently becomes a Qualified Asset in accordance with Section 7.20, but excluding (x) any Qualified Asset which is removed by the Administrative Agent in accordance with Section 7.19(b) or (y) any Qualified Asset which is released in accordance with Section 7.19(a).