Examples of Investment Obligations in a sentence
However, except as otherwise permitted under the 1986 Code, an amount equal to the portion of Revenues derived from investments in Investment Obligations made in connection with such Series of Bonds (other than with contributions by the Administration) that exceeds a yield equal to the yield of such Series of Bonds (calculated in accordance with Section 143 of the Code, whichever is applicable) or represents gains made on such investments must be paid to the United States.
Any loss realized upon the disposition or maturity of such Investment Obligations shall be charged against such account or subaccount.
However, the Trustee shall maintain and keep separate accounts of such Accounts at all times.Upon receipt of written instructions from an Authorized Officer, the Trustee shall exchange any coin or currency of the United States of America or Investment Obligations held by it pursuant to the General Resolution or any Supplemental Resolution for any other coin or currency of the United States of America or Investment Obligations of like amount.
Disposition of Mortgage Advance Amortization Payments, Recovery Payments and Proceeds of Sale of the Mortgage The proceeds received by the Agency from a Mortgage Advance Amortization Payment or from the sale of a Mortgage or from Recovery Payments (after making any necessary reimbursements to the Debt Service Reserve Fund including the repurchase of Investment Obligations credited thereto) shall be deposited in the Revenue Account and applied in accordance with the General Resolution.
To the extent permitted by law, the Trustee may commingle any amounts on deposit in the Funds and Accounts held under the General Resolution for the purpose of purchasing Investment Obligations.