Money Market Securities shall be deemed to include, without limitation, debt obligations issued or guaranteed as to principal and interest by the government of the United States or agencies or instrumentalities thereof, commercial paper, certificates of deposit and bankers' acceptances, repurchase and reverse repurchase agreements with respect to the same and bank time deposits, where the purchase and sale of such securities normally requires settlement in federal funds on the same date as such purchase or sale.
Money Market Securities means money market instruments that are uncertificated securities reflected in an uncertificated securities register;
Money Market Securities means securities with an original maturity of less than one year;
Examples of Money Market Securities in a sentence
Money market securities, while fairly liquid, lack a well-developed secondary market, which may restrict the selling ability of such securities thereby resulting in a loss to the Portfolio until such securities are finally sold.
Money market securities, while fairly liquid, lack a well develop secondary market, which may restrict the selling ability of such securities thereby resulting in a loss to the Portfolio until such securities are finally sold.
Money market securities & fixed income securities lack a well-developed secondary market, which may restrict the selling ability of the Portfolio and may lead to the investment incurring losses till the security is finally sold.
Money market securities, while fairly liquid, lack a well develop the secondary market, which may restrict the selling ability of such securities thereby resulting in a loss to the Portfolio until such securities are finally sold.
More Definitions of Money Market Securities
Money Market Securities. ’ means money market instruments that are uncertificated securities reflected in an uncertificated securities register; ‘‘National Payment System Act’’ means the National Payment System Act, 1998 (Act No. 78 of 1998);
Money Market Securities means money market securities issued by Money Market Funds. “Money Market Fund” means any registered investment company that meets the conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule 2a-7 under the Investment Company Act of 1940, as amended, that invests exclusively in cash, securities of the U.S. government, securities of government-sponsored enterprises created by the U.S. Congress and privately issued money market securities that have been rated by at least one “nationally recognized statistical rating organization” (as that term is used in Section 15E of the Securities Exchange Act of 1934, as amended) and received the highest credit rating (as of the date hereof, A1 in the case of Standard & Poor’s Ratings Service and P1 in the case of Xxxxx’x Investor Service, Inc.) from each nationally recognized statistical rating organization that has rated them. “Government Securities” shall mean noncallable direct obligations of, or noncallable obligations the payment of principal of and interest on which are unconditionally guaranteed by, the United States of America. All such amounts shall remain so invested until the Scheduled Interest Payment Date whereupon the Escrow Agent shall withdraw such amounts allocated for the applicable Scheduled Interest Payment pursuant to Section 4 hereof. All interest accrued on the Escrow Funds, if any, shall be added to the Escrow Account and be part of the Escrow Account for all purposes hereunder. The Escrow Agent shall not be liable for any losses, liabilities, charges, or claims resulting from any depreciation in the market value of such investments or from any sale or liquidation thereof. As and when the Escrow Funds and any interest or income thereon, if any, is to be released under this Agreement, the Escrow Agent shall cause the Permitted Securities to be converted into cash in accordance with its customary procedures. All Permitted Securities from time to time credited to the Escrow Account constituting a “security entitlement” as defined in Section 8-102(a)(17) of the New York UCC shall be held in the name of the Trustee (or its nominee) and in no event shall the Company be or be deemed to be the “entitlement holder” (as such term is defined in Section 8-102(a)(7) of the New York UCC) with respect thereto.
Money Market Securities means money market securities issued by Money Market Funds. “Money Market Fund” means any registered investment company that meets the conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule 2a-7 under the Investment Company Act of 1940, as amended, that invests exclusively in securities of the U.S. government, securities of government-sponsored enterprises created by the U.S. Congress and commercial paper that have been rated by at least one “nationally recognized statistical rating organization” (as that term is used in Section 15E of the Securities Exchange Act of 1934, as amended) and received the highest credit rating (as of the date hereof, A1 in the case of Standard & Poor’s Ratings Service and P1 in the case of Xxxxx’x Investor Service, Inc.) from each nationally recognized statistical rating organization that has rated them. “Government Securities “ shall mean noncallable direct obligations of, or noncallable obligations the payment of principal of and interest on which are unconditionally guaranteed by, the United States of America. All such amounts shall remain so invested until the close of business on the Business Day prior to any withdrawal by the Escrow Agent pursuant to Section 4 hereof. All interest accrued on the Escrow Funds shall be added to the Escrow Account and be part of the Escrow Account for all purposes hereunder. The Escrow Agent shall not be liable for any loss incurred by the actions of third parties or for any loss arising by error, failure or delay in the making of an investment or reinvestment, and the Escrow Agent shall not be liable for any loss of principal or income in connection therewith, unless such error, failure or delay results from the Escrow Agent’s gross negligence or willful misconduct. As and when the Escrow Funds and any interest or income thereon is to be released under this Agreement, the Escrow Agent shall cause the Permitted Securities to be converted into cash in accordance with its customary procedures and shall not be liable for any loss of principal or income in connection therewith. The Escrow Agent shall not be liable for any loss of principal or income due to the choice of Permitted Securities as investments or the choice of Permitted Securities converted into cash pursuant to this Section 2. All Permitted Securities from time to time credited to the Escrow Account constituting a “security entitlement” as defined in Section 8-102(a)(17) of the New York UCC shall be held in the name of the Trust...
Money Market Securities means the securities in the Money Market Funds.
Money Market Securities. Holdings of marketable instruments, issued by financial undertakings, which are highly liquid by being traded in markets with a high turnover and amounts where instruments can be converted into cash at low cost and short notice and bear low default and interest rate risks, in which participants are mainly financial institutions.
Money Market Securities. The term Money Market Securities shall be deemed ----------------------- to include, without limitation, debt obligations issued or guaranteed as to principal and interest by the government of the United States or agencies or instrumentalities thereof, commercial paper, certificates of deposit and bankers' acceptances, repurchase and reverse repurchase agreements with respect to the same and bank time deposits, where the purchase and sale of such securities normally requires settlement in federal funds on the same date as such purchase or sale.
Money Market Securities means money market securities issued by Money Market Funds. “Money Market Fund” means any registered investment company that meets the conditions of paragraphs (c)(2), (c)(3) and (c)(4) of Rule 2a-7 under the Investment Company Act of 1940, as amended, that invests exclusively in securities of the U.S. government, securities of government-sponsored enterprises created by the U.S. Congress and commercial paper that have been rated by at least one “nationally recognized statistical rating organization” (as that term is used in Section 15E of the Securities Exchange Act of 1934, as amended) and received the highest credit rating (as of the date hereof, A1 in the case of Standard & Poor’s Ratings Service and P1 in the case of Xxxxx’x Investor Service, Inc.) from each nationally recognized statistical rating organization that has rated them. “Government Securities” shall mean noncallable direct obligations of, or noncallable obligations the payment of principal of and interest on which are unconditionally guaranteed by, the United States of America. “U.S. Bank Certificates of Deposit” shall mean certificates of deposit, or interest-bearing time deposits, issued by the Escrow Agent or any Affiliate of the Escrow Agent, in each case which shall be a bank or trust company organized under the laws of the United States or any state thereof having undivided capital and surplus of at least $100,000,000, the general unsecured short-term obligations (or in the case of the principal bank holding company, short-term obligations of the bank holding company) of which are rated not lower than “A-1” by S&P and “P-1” by Moody’s and the long-term debt obligations (or in the case of the principal bank holding company, debt obligations of the bank holding company) of which are rated not lower than “AA-” by S&P or “Aa3” by Moody’s; provided, that if the issuer of any such certificates of deposit or interest-bearing time deposits held in the Escrow Account shall fail at any time after the time of purchase to meet such criteria, the Escrow Agent will promptly notify the Company of such, and the Company may promptly instruct the Escrow Agent to reinvest all funds represented by such certificates of deposit or interest-bearing time deposits to be reinvested in another Permitted Security. All such amounts shall remain so invested until the close of business on the Business Day prior to any withdrawal by the Escrow Agent pursuant to Section 4 hereof. All interest accrued on the Escrow F...