Eligible Government Securities means “government securities” (as defined in the Investment Company Act), which for the purposes hereof shall include any securities issued or guaranteed as to principal or interest by the Government of the United States, which are free and clear of any Adverse Claims and in which the Agent has, for the benefit of the Agent and the Banks, a first priority perfected security interest pursuant to the Security Documents (subject to Liens in favor of the Borrower’s Custodian granted pursuant to the Custody Agreement to secure obligations arising thereunder).
Eligible Government Securities means obligations which are (a) issued or guaranteed by the United States government (including the Department of the Treasury), (b) regularly traded on a Public Market, and (c) not subject to any unduly burdensome federal or state securities laws or other laws which restrict or limit their sale or transfer in any material respect.
Eligible Government Securities means securities created, issued and guaranteed by the sovereign authority of a country, denominated in INR or any eligible CLS currency;
Examples of Eligible Government Securities in a sentence
Subject to Section 7.02(a), cause all Eligible Commercial Paper, Eligible Government Securities and Eligible Loan Assets, to constitute Assigned Collateral.
Borrowers shall not, as of any date, permit the ratio of (a) THE SUM OF (i) cash, (ii) Temporary Cash Investments, and (iii) the fair market value of Eligible Bonds, Eligible Government Securities, and Eligible Securities of the Companies, to (b) THE SUM OF (i) all Indebtedness of the Companies, PLUS (ii) the Unused Commitment, in each case as of such date, to be less 3.0 to 1.0.
More Definitions of Eligible Government Securities
Eligible Government Securities means direct obligations of the United States of America or of its agencies or instrumentalities that are entitled to the full faith and credit of the United States of America and that, other than treasury bills, provide for the periodic payment of interest and the full payment of principal at maturity or call for redemption and are held in an account maintained by the Custodian and in respect of which all actions have been taken under this Agreement and the Control Agreement to create and perfect in the Agent, for the benefit of the Secured Parties, a first priority perfected security interest.
Eligible Government Securities means interest- bearing securities denominated in EUR and issued or guaranteed by the government of an OECD country designated by the Swap Counterparty and having a long-term rating of “AAA” by S&P or “Aaa” by Moody’s (3) If at any time (other than the Maturity Date) following the giving of an Eligible Government Securities Purchase Direction the Issuer is required to pay any Floating Amount to the Swap Counterparty in accordance with the provisions of Clause 3 of the Default Swap Agreement, the Selling Agent shall on behalf of the Issuer endeavour to sell such of the Eligible Government Securities then held by the Custodian on behalf of the Issuer in the Government Securities Custodial Account as may be selected by the Swap Counterparty in its sole and absolute discretion that shall be sufficient to fund such payment, and shall on behalf of the Issuer pay to the Swap Counterparty from the proceeds of such sale an amount equal to such Floating Payment and apply the balance of such proceeds, if any, in purchasing further Eligible Government Securities, which shall be held by the Custodian on behalf of the Issuer in the Government Securities Custodial Account, subject to the security created by the Trust Instrument and the provisions of this sub-paragraph 13(F). (4) If an Eligible Government Securities Purchase Direction has been given, then unless the Notes have become subject to redemption under Conditions 8.2 or8.3 (as amended by sub-paragraph 23(B) below) or immediately repayable under Condition 11 (as amended by sub-paragraph 23(C) below), or unless sub-paragraph 13(B) above applies, the Selling Agent shall in the period of 10 Business Days preceding the Scheduled Maturity Date endeavour to sell all of the Eligible Government Securities then held by the Custodian on behalf of the Issuer in the Government Securities Custodial Account and shall on or before the Scheduled Maturity Date:
Eligible Government Securities means Government Securities which are not subject to any Adverse Claims and in which the Operations Agent, for the benefit of itself and the Banks, has a valid and perfected first priority security interest.
Eligible Government Securities means all "Government securities" (as defined in the Investment Company Act and which for the purposes hereof shall include any securities issued or guaranteed as to principal and interest by an agency of the government of the United States) held in an account maintained by the Custodian.
Eligible Government Securities means Eligible Debt Securities (a) issued by, and backed by the full faith and credit of, the French Republic, the Federal Republic of Germany, Japan, the Netherlands, the United Kingdom, or the United States of America, and (b) issued by any GSE.
Eligible Government Securities means “government securities” (as defined in the Investment Company Act), which for the purposes hereof shall include any securities issued or guaranteed as to principal or interest by the Government of the United States, which are free and clear of any Adverse Claims and in which the Agent has, for the benefit of the Agent and the Banks, a first priority perfected security interest pursuant to the Security Documents (subject to Liens in favor of the Custodian granted pursuant to the Custody Agreement to secure obligations arising thereunder), provided that “Eligible Government Securities” shall not include any Asset-backed Security.
Eligible Government Securities means any marketable direct obligations issued or unconditionally guaranteed by the United States Government or issued by an agency thereof and backed by the full faith and credit of the United States or any agency thereof;