Firearms and Projectile Weapons: 1. Firearms or similar device that expels a projectile through the action of an explosive (unless meeting the exemptions listed in 18 U.S.C. § 930(d)); 2. BB or pellet guns; 3. Compressed air guns; 4. Antique firearms; 5. Flare guns; 6. Realistic replica or toy firearms (unless meeting the exemptions listed in 18 U.S.C. § 930(d)); 7. Spear guns; 8. Starter pistols; 9. Stun guns, cattle prods, dart-firing stun guns, and other electric weapons or controlled devices; 10. Ammunition, shotgun shells or firearm cartridges, black powder, smokeless propellant powder (unless meeting the exemptions listed in 18 U.S.C. § 930(d)); and 11. Slingshots.
FK Reading Ease
83.1

FK Grade Level
Elementary School
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  • “Permitted Mortgage Investment” means any Investment in secured notes, mortgage, deeds of trust, collateralized mortgage obligations, commercial mortgage-backed securities, other secured debt securities, secured debt derivative or other secured debt instruments, so long as such investment relates directly or indirectly to real property that constitutes or is used as a skilled nursing home center, hospital, assisted living facility, medical office or other property customarily constituting an asset of a real estate investment trust specializing in healthcare or senior housing property.
    FK Reading Ease
    -52.9

    FK Grade Level
    Graduate School
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  • “Temporary Cash Investment” means any of the following:

    (1) United States dollars;

    (2) direct obligations of the United States of America or any agency thereof or obligations fully and unconditionally guaranteed by the United States of America or any agency thereof;

    (3) time deposits accounts, term deposit accounts, time deposits, bankers’ acceptances, certificates of deposit, Eurodollar time deposits and money market deposits maturing within twelve months or less of the date of acquisition thereof issued by a bank or trust company which is organized under the laws of the United States of America, any state thereof, and which bank or trust company has capital, surplus and undivided profits aggregating in excess of $500 million and has outstanding debt which is rated “A” (or such similar equivalent rating) or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the Securities Act) or any money-market fund sponsored by a registered broker dealer or mutual fund distributor;

    (4) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clauses (2) and (3) above entered into with a bank meeting the qualifications described in clause (3) above;

    (5) commercial paper, maturing not more than six months after the date of acquisition, issued by a corporation (other than an Affiliate of the Parent) organized and in existence under the laws of the United States of America, any state of the United States of America with a rating at the time as of which any investment therein is made of “P-2” (or higher) according to Moody’s or “A-2” (or higher) according to S&P;

    (6) securities with maturities of six months or less from the date of acquisition issued or fully and unconditionally guaranteed by any state, commonwealth or territory of the United States of America, or by any political subdivision or taxing authority thereof, and rated at least “A” by S&P or Moody’s; and

    (7) any fund investing substantially all of its assets in investments that constitute Temporary Cash Investments of the kinds described in clauses (1) through (6) of this definition.

    FK Reading Ease
    -301.5

    FK Grade Level
    Graduate School
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  • “Total Unencumbered Assets” means, for any Person as of any date, the Total Assets of such Person and its Restricted Subsidiaries as of such date, that do not secure any portion of Secured Indebtedness, on a consolidated basis determined in accordance with GAAP.

    FK Reading Ease
    13.7

    FK Grade Level
    Graduate School
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  • Destructive Devices, Explosives, or Combustible Chemical Compounds and Mixtures: 1. Blasting caps or detonators; 2. Dynamite, nitroglycerin, trinitrotoluene, ammonium nitrate, and others; 3. Fireworks; 4. Gunpowder; 5. Hand grenades, mine, bomb, rocket, missile, pipe bomb, plastic explosives; 6. Realistic replicas of explosives or similar devices; 7. Explosive or expanding gases; 8. Gas torches; and 9. Flammable Liquids (i.e., gasoline, turpentine, and paint thinner) (unless meeting the exemption listed in 18 U.S.C. § 930(d)(3)).
    FK Reading Ease
    51.9

    FK Grade Level
    Middle School
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  • “Book Value” means, with respect to any Company asset, the adjusted basis of such asset for federal income tax purposes, except as follows:

    (a)        the initial Book Value of any Company asset contributed by a Member to the Company shall be the gross Fair Market Value of such Company asset as of the date of such contribution;

    (b)        immediately prior to the Distribution by the Company of any Company asset to a Member, the Book Value of such asset shall be adjusted to its gross Fair Market Value as of the date of such Distribution;

    (c)        the Book Value of all Company assets shall be adjusted to equal their respective gross Fair Market Values, as determined by the Board, as of the following times:

    (i)        the acquisition of an additional Membership Interest in the Company by a new or existing Member in consideration of a Capital Contribution of more than a de minimis amount;

    (ii)       the Distribution by the Company to a Member of more than a de minimis amount of property (other than cash) as consideration for all or a part of such Member’s Membership Interest in the Company;

    (iii)      the grant to a Service Provider of any Incentive Units; and

    (iv)      the liquidation of the Company within the meaning of Treasury Regulation Section 1.704-1(b)(2)(ii)(g);

    provided, that adjustments pursuant to clauses (i), (ii) and (iii) above need not be made if the Board reasonably determines that such adjustment is not necessary or appropriate to reflect the relative economic interests of the Members and that the absence of such adjustment does not adversely and disproportionately affect any Member;

    (d)        the Book Value of each Company asset shall be increased or decreased, as the case may be, to reflect any adjustments to the adjusted tax basis of such Company asset pursuant to Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments are taken into account in determining Capital Account balances pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m); provided, that Book Values shall not be adjusted pursuant to this paragraph (d) to the extent that an adjustment pursuant to paragraph (c) above is made in conjunction with a transaction that would otherwise result in an adjustment pursuant to this paragraph (d); and

    (e)        if the Book Value of a Company asset has been determined pursuant to paragraph (a) or adjusted pursuant to paragraphs (c) or (d) above, such Book Value shall thereafter be adjusted to reflect the Book Depreciation taken into account with respect to such Company asset for purposes of computing Net Income and Net Losses.

    FK Reading Ease
    -390

    FK Grade Level
    Graduate School
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  • Disabling Chemicals and Other Dangerous Items: 1. Mace, pepper spray, tear gas, tear gas gun, or other chemical spray designed for self- defense (unless meeting the exemption listed in 18 U.S.C. § 930(d)); 2. Spillable batteries, except those in wheel chairs or similar devices used by a mobility impaired individual; 3. Spray paint (unless meeting the exemption listed in 18 U.S.C. § 930(d)(3)); and 4. Poisonous gases.
    FK Reading Ease
    75.4

    FK Grade Level
    Elementary School
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  • “Registrable Securities” shall mean the Class C Units any Units issued in respect thereof upon any split, dividend, recapitalization or similar event and any securities into which any such Units are converted or exchanged prior to an Initial Public Offering other than any such Units or securities that have been Transferred in a public sale or any such Units or securities that may be Transferred under Rule 144(k) promulgated under the Securities Act.
    FK Reading Ease
    -24.9

    FK Grade Level
    Graduate School
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  • "Unit Equivalents” means any security or obligation that is by its terms, directly or indirectly, convertible into, exchangeable or exercisable for Units, and any option, warrant or other right to subscribe for, purchase or acquire Units.
    FK Reading Ease
    1.1

    FK Grade Level
    Graduate School
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  • Club-like Items and Striking Devices: 1. Baseball bats, 2. Golf clubs, 3. Hockey sticks, 4. Lacrosse sticks, 5. Pool cues, and 6. Ski poles.

    FK Reading Ease
    111.8

    FK Grade Level
    Elementary School
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