How is Performing Asset defined in a legal contract?
- Performing Asset means an asset that is not a non-performing asset. Seen in 5 SEC filings
- Performing Asset means any asset owned by the borrower that is not a non-performing asset. Seen in 2 SEC filings
- Performing Asset means an asset for which no payment due has been made after its due date, and the actual net cash flow derived from the related property is sufficient to meet all payments due on such asset or such asset benefits from reserve funds or structural features acceptable to the lender which overcome such insufficiency. Seen in 1 SEC filing
- Performing Asset means a Performing Bond or a Performing Loan. Seen in 1 SEC filing
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of performing asset' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Performing Asset means an asset that is not a non-performing asset.
Relevant Contract Types
Relevant Circumstances
- When an agency or organization is assessing its financial health
- During negotiations of a merger or acquisition
- In the context of bankruptcy cases
Relevant Sectors
Genie Definition 2
- Performing Asset means an asset for which all due payments are made on time and the cash flow is sufficient or benefits from reserve funds.
Relevant Contract Types
Relevant Circumstances
- When a company is raising capital from their asset portfolio
- During asset securitization processes
- To determine the value of an asset in a sale or purchase
Relevant Sectors
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Performing Asset means an asset that is not a non-performing asset.
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