SEC Order definition

SEC Order means the order issued by the SEC to the Borrower and various Affiliates dated September 7, 2001 (Release No. 35-27436; 70-9861), or an extension, renewal or replacement of such order in form and substance satisfactory to the Lenders.

SEC Order has the meaning specified in Section 3.01(a)(iii).

SEC Order shall have the meaning set forth in Section 2.1.

Examples of SEC Order in a sentence

• Pursuant to the exemptive relief obtained in the SEC Order dated April 29, 1996, Investment Company Act Release No. 21921, approval of the Agreement by a majority of the outstanding voting securities of a Fund is not required, and the Sub-Adviser acknowledges that it and any other sub-adviser so selected and approved shall be without the protection (if any) accorded by shareholder approval of an investment adviser’s receipt of compensation under Section 36(b) of the 1940 Act.

• The Adviser agreed to establish a $250 million fund (the Reimbursement Fund) to compensate mutual fund shareholders for the adverse effects of market timing attributable to market timing relationships described in the SEC Order.

• Pursuant to the exemptive relief obtained in the SEC Order dated April 29, 1996, Investment Company Act Release No. 21921, approval of the Agreement by a majority of the outstanding voting securities of the Fund is not required, and the Sub-Adviser acknowledges that it and any other sub-adviser so selected and approved shall be without the protection (if any) accorded by shareholder approval of an investment adviser’s receipt of compensation under Section 36(b) of the 1940 Act.

• The Adviser agreed to establish a $250 million fund (the "Reimbursement Fund") to compensate mutual fund shareholders for the adverse effects of market timing attributable to market timing relationships described in the SEC Order.

• Notwithstanding the foregoing, this Agreement may be amended without the approval of a majority of the Series’ outstanding voting securities if the amendment relates solely to a change that is permitted or not prohibited under federal law, rule, regulation, SEC Order or SEC staff interpretation thereof to be made without shareholder approval.

More Definitions of SEC Order

SEC Order means Order Nos. 35-27440 and 70-9909 of the Securities and Exchange Commission issued September 20, 2001.

SEC Order means an order of the United States Securities and Exchange Commission authorizing the purchase of the Equipment by PGE.

SEC Order means an order or formal written approval by the Securities and Exchange Commission permitting Lender to make the Loans on an interest-bearing and paying basis, in form and substance satisfactory to Lender, and, from and after the date of the Final Order, on a priming lien basis.

SEC Order means Release No. 35-27930, 70-10249 dated December 28, 2004, issued by the Securities and Exchange Commission under the PUHCA authorizing the Borrower to obtain Extensions of Credit and to perform its obligations under this Agreement between December 31, 2004 and December 31, 2007.

SEC Order means Order Nos. 35-27728 and 70-10130 of the Securities and Exchange Commission issued September 29, 2003 and expiring September 30, 2006, and any order or orders issued by the Securities and Exchange Commission or the Federal Energy Regulatory Commission in replacement or as extension thereof or in addition thereto permitting the Borrower to obtain Advances under this Agreement.

SEC Order means Release No. 35-27930, 70-10249 dated December 28, 2004, issued by the Securities and Exchange Commission authorizing the Borrower to obtain Extensions of Credit and to perform its obligations under this Agreement until December 31, 2007.

SEC Order means the order of the SEC that authorizes the Borrower to obtain Extensions of Credit until December 31, 2005 and to perform its obligations under this Agreement.