Repurchase Agreement definition

Repurchase Agreement means a simultaneous agreement to buy, hold for a specified time, and sell back at a future date obligations, described by Government Code 2256.009(a)(1) (obligations of gov- ernmental entities) or 2256.013 (commercial paper) or if applicable, 2256.0204 (corporate bonds), at a market value at the time the funds are disbursed of not less than the principal amount of the funds disbursed. The term includes a direct security repurchase agreement and a reverse security repurchase agreement. Gov’t Code 2256.011(b)

Repurchase Agreement means any agreement pursuant to which a Fund transfers securities, or any rights related to a title or security, to a counterparty subject to a commitment to repurchase them at a specified price on a future date specified or to be specified;

Repurchase Agreement means a repurchase agreement satisfying the requirements set forth in Article 4 herein.

Examples of Repurchase Agreement in a sentence

• Such procedures shall also include use of electronic transmissions (“Email”), which shall be confirmed in a written record, to accept or not accept transaction activity upon notice from a Custodian under the Agreement or a custodian under a Custodial Undertaking Agreement in connection with a Master Repurchase Agreement.

• All investments by Bank in the Eurodollar investment, Repurchase Agreement investment and the Deposit Account investment will be made in Bank’s name (or in the name of a nominee of Bank) on behalf of Customer.

• No act by any Person under the terms of a Master Repurchase Agreement or Custodial Undertaking Agreement, if applicable, shall constitute with respect to any Participant a direct or indirect gift or loan of money or property of any Participant or of its credit to or in aid of any individual, private corporation or association.

• Lender: [Name of CUSTOMER] Borrower: [Name of Dealer] Date: Subject: Transaction (Reference No: [ ]) Dear Sirs, The purpose of this letter (which constitutes a “Confirmation” for the purposes of the Master Repurchase Agreement between us (the “Agreement”)) is to set forth the terms and conditions of the Repurchase Transaction between us entered into on the Contract Date referred to below.

• The custodial agreement shall provide that securities held by the bank or trust company, or agent of and custodian for, the local government, will be kept separate and apart from the general assets of the custodial bank or trust company and will not be commingled with or become part of the backing for any other deposits or other liabilities, except with respect to the Agreement in the case of substitution of securities in connection with a Master Repurchase Agreement or a Custodial Undertaking Agreement.

More Definitions of Repurchase Agreement

Repurchase Agreement means a repurchase agreement entered into with any financial institution whose debt obligations or commercial paper are rated "A" by either of S&P or Moody's or "A-1" by S&P or "P-1" by Moody's;

Repurchase Agreement means a repurchase agreement entered into with any financial institution whose debt obligations or commercial paper are rated "A" by either of S&P or Moody's or "A-1" by S&P or "P-1" by Moody's.

Repurchase Agreement means any written agreement:

Repurchase Agreement means any written agreement

Repurchase Agreement means a simultaneous agreement to buy, hold for a specified time, and sell back at a future date obliga- tions described by Section 2256.009(a)(1) or 2256.013 or, if appli- cable, 2256.0204, at a market value at the time the funds are dis- bursed of not less than the principal amount of the funds disbursed. The term includes a direct security repurchase agree- ment and a reverse security repurchase agreement.

Repurchase Agreement means an agreement pursuant to which the Fund buys Securities and agrees to resell such Securities at a described or specified date and price.

Repurchase Agreement means this Master Repurchase Agreement between Buyer and the Seller, dated as of the date hereof as the same may be further amended, supplemented or otherwise modified in accordance with the terms hereof.