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{"snippet": "means fixed maturity securities or preferred stock which are rated as Investment Grade by at least one of the Rating Agencies.", "snippet_links": [{"key": "fixed-maturity", "type": "definition", "offset": [6, 20]}, {"key": "preferred-stock", "type": "clause", "offset": [35, 50]}, {"key": "investment-grade", "type": "clause", "offset": [70, 86]}, {"key": "rating-agencies", "type": "clause", "offset": [110, 125]}], "samples": [{"hash": "erlFNGexbrJ", "uri": "/contracts/erlFNGexbrJ#approved-securities", "label": "Credit Agreement (Fidelity National Title Group, Inc.)", "score": 18.0, "published": true}, {"hash": "ceuLg1sjbKn", "uri": "/contracts/ceuLg1sjbKn#approved-securities", "label": "Credit Agreement (Fidelity National Financial Inc /De/)", "score": 18.0, "published": true}, {"hash": "852PH0maDFG", "uri": "/contracts/852PH0maDFG#approved-securities", "label": "Credit Agreement (Fidelity National Financial Inc /De/)", "score": 18.0, "published": true}], "size": 6, "hash": 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"In the event of a maturity or redemption, the Custodian will require the substitution of an appropriate amount of <strong>Approved Securities</strong> to satisfy the Pledge Amount.", "The Custodian will not pay the Depository any principal funds as a result of a maturity or redemption without 1) the receipt of written authorization by the Administrator, and 2) adequate collateral replacement or substitution of <strong>Approved Securities</strong> to ensure the Fair Market Value of the Securities Account exceeds the Pledge Amount, if needed.", "Where there are Stages, for each Stage is: Stage Amount $ or % of the Contract Price (in the form of two <strong>Approved Securities</strong>, each for 50% of this amount).", "In addition, the Trustee shall have the right to request that other securities be substituted by the Borrower for the <strong>Approved Securities</strong> if for any reason the <strong>Approved Securities</strong> are not at any time reasonably acceptable to the Trustee or the Account.", "The sole obligation of the Trustee with respect to <strong>Approved Securities</strong> held as Collateral, except as provided in this paragraph, is to deliver such <strong>Approved Securities</strong> to the Borrower as required by paragraphs 6, 9 and 10 hereof.", "If any interest or other distribution on any <strong>Approved Securities</strong> is paid to the Borrower or to the Trustee in respect of a time when the recipient thereof is not entitled to receive such distribution, such recipient shall forthwith pay or deliver such distribution, or the equivalent thereof, to the party entitled to receive the same.", "Unless a default by the Borrower hereunder shall have occurred and be continuing, the Borrower shall be entitled to receive all interest payments or other distributions on <strong>Approved Securities</strong> held as Collateral that are received by the Trustee (if any).", "Delivery of <strong>Approved Securities</strong> shall be effected for purposes hereof 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