Deposit Assets definition

Deposit Assets means cash, Short-Term Money Market Instruments and U.S. Government Obligations. Except for determining whether the Trust has Eligible Assets with an Adjusted Value equal to or greater than the Basic Maintenance Amount, each Deposit Asset shall be deemed to have a value equal to its principal or face amount payable at maturity plus any interest payable thereon after delivery of such Deposit Asset but only if payable on or prior to the applicable payment date in advance of which the relevant deposit is made.
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Deposit Assets means cash, Short-Term Money Market Instruments and U.S. Government Obligations. Each Deposit Asset shall be deemed to have a value equal to its principal or face amount payable at maturity plus any interest payable thereon after delivery of such Deposit Asset but only if payable on or prior to the applicable payment date in advance of which the relevant deposit is made.
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Deposit Assets means, collectively, (a) Cash or (b) non-callable direct obligations of the United States government or debt securities rated P-1 (or higher) by Moody's (if the AMPS are rated by Moody's) and A-1+ by S&P (if the AMPS are rated by S&P), in each case which mature on or before the Business Day prior to (i) the applicable Redemption Date, in the case of a deposit in connection with a redemption of AMPS or (ii) the applicable Dividend Distribution Date, in the case of a deposit in connection with the payment of any dividends on the AMPS.
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Examples of Deposit Assets in a sentence

  • The Fund shall be entitled to receive, from time to time after the date fixed for redemption, any interest on the Deposit Assets so deposited.

  • The Corporation may direct the Dividend-Disbursing Agent with respect to the investment of any Deposit Assets so deposited provided that the proceeds of any such investment will be available at the opening of business on such redemption date.

  • The Fund may direct the Dividend-Disbursing Agent with respect to the investment of any such Deposit Assets, provided that such investment consists exclusively of Deposit Assets and provided further that the proceeds of any such investment will be available at the opening of business on such Dividend Payment Date.

  • The Corporation may direct the Dividend-Disbursing Agent with respect to the investment of any such Deposit Assets, provided that such investment consists exclusively of Deposit Assets and provided further that the proceeds of any such investment will be available at the opening of business on such Dividend Payment Date.

  • The Trust may direct the Dividend-Disbursing Agent with respect to the investment of any such Deposit Assets, provided that such investment consists exclusively of Deposit Assets and provided further that the proceeds of any such investment will be available at the opening of business on such Dividend Payment Date.

  • The Fund shall be entitled to receive, promptly after the date fixed for redemption, any cash in excess of the aggregate Redemption Price of the Series G Preferred Shares called for redemption on such date and any remaining Deposit Assets.

  • The Trust may direct the Dividend-Disbursing Agent with respect to the investment of8any Deposit Assets so deposited provided that the proceeds of any such investment will be available at the opening of business on such redemption date.

  • The Trust shall be entitled to receive, promptly after the date fixed for redemption, any cash in excess of the aggregate Redemption Price of the Series B Preferred Shares called for redemption on such date and any remaining Deposit Assets.

  • Not later than the Business Day immediately preceding each Dividend Payment Date, the Fund shall deposit with the Dividend-Disbursing Agent Deposit Assets having an initial combined value sufficient to pay the dividends and distributions that are payable on such Dividend Payment Date, which Deposit Assets shall mature on or prior to such Dividend Payment Date.

  • The Fund may direct the Dividend-Disbursing Agent with respect to the investment of any Deposit Assets so deposited provided that the proceeds of any such investment will be available at the opening of business on such redemption date.


More Definitions of Deposit Assets

Deposit Assets means cash, Short-Term Money Market Instruments and U.S. Government Obligations. Except for determining whether the Trust has Moody’s Eligible Assets with an Adjusted Value equal to or greater than the Basic Maintenance Amount, each Deposit
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Deposit Assets means cash and any obligations or securities, including Short Term Money Market Instruments that are Eligible Assets, rated at least AAA or A-1+ by S&P, except that, for purposes of optional redemption, such obligations or securities will be considered “Deposit Assets” only if they also are rated at least P-1 by Moody’s. TWENTY-FIFTH: Article I.13 of the Articles Supplementary is hereby amended by deleting the definition of “Discount Factor” in its entirety and inserting in lieu thereof the following:
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Deposit Assets means the Assets as such term is defined in the Deposit Agreement.
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Related to Deposit Assets

  • Lockboxes has the meaning set forth in Section 2.7.

  • Locked Box Accounts means the unaudited accounts of the Group, consisting of a balance sheet as at the Locked Box Date in the Agreed Form;

  • Lockbox Account shall have the meaning set forth in Section 2.7.1 hereof.

  • Deposit Account is any “deposit account” as defined in the Code with such additions to such term as may hereafter be made.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Depository Account includes any commercial, checking, savings, time, or thrift account, or an account that is evidenced by a certificate of deposit, thrift certificate, investment certificate, certificate of indebtedness, or other similar instrument maintained by a Financial Institution in the ordinary course of a banking or similar business. A Depository Account also includes an amount held by an insurance company pursuant to a guaranteed investment contract or similar agreement to pay or credit interest thereon.