Direct Issue definition
Direct Issue means an issue by the Issuer of CDs to, and the taking of the related Deposits from, persons who are not Dealers and who will not become party to this Agreement, as provided in Clause 4 (Direct Issues).
Examples of Direct Issue in a sentence
Direct Issue repurchase agreements, Direct Issue Master Notes and Funding agreements: if a company is rated by a Nationally Recognized Statistical Rating Organization (NRSRO), it need the highest short- term rating (A-1/P-1; a/k/a, Tier 1) or absent ST ratings, long term ratings no lower than a low A(A-/A3).
For Assumed Policies and Direct Issue Policies, the term "Insurer," for purposes of this Exhibit A only, shall mean Tandem.