Escrowed Securities definition

Escrowed Securities means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement.

Escrowed Securities means the direct noncallable, not pre-payable United States Treasury obligations and obligations the due timely payment of which is unconditionally guaranteed by the United States of America described in the Report or cash or other direct obligations of the United States of America substituted therefor pursuant to Article IV of this Agreement.

Escrowed Securities means the securities that satisfy the requirement of Defeasance Obligations as set forth in the Refunded Bonds Resolution, as described in the Escrow Agreement.

Examples of Escrowed Securities in a sentence

• Notwithstanding any provision contained herein to the contrary, the Escrow Agent shall have no liability whatsoever for the insufficiency of funds from time to time in the Escrow Fund or any failure of the obligors of the Escrowed Securities to make timely payment thereon, except for the obligation to notify the State promptly of any such occurrence.

• The liability of the Escrow Agent to transfer funds for the payment of the principal of and interest on the Refunded Bonds shall be limited to the proceeds of the Escrowed Securities and the cash balances from time to time on deposit in the Escrow Fund.

• Specifically, the Escrowed Securities may not be sold, assigned, hypothecated, transferred within escrow or otherwise dealt with in any manner without the consent of the CSE.

• The obligations assumed by the Escrow Agent pursuant to this Agreement may be transferred by the Escrow Agent to a successor Escrow Agent if (a) the requirements of this Section 7.4 are satisfied; (b) the successor Escrow Agent has assumed all the obligations of the Escrow Agent under this Agreement; and (c) all of the Escrowed Securities and money held by the Escrow Agent pursuant to this Agreement have been duly transferred to such successor Escrow Agent.

• The Escrow Agent shall hold at all times the Escrow Fund, the Escrowed Securities and all other assets of the Escrow Fund, wholly segregated from all other funds and securities on deposit with the Escrow Agent; it shall never allow the Escrowed Securities or any other assets of the Escrow Fund to be commingled with any other funds or securities of the Escrow Agent;and it shall hold and dispose of the assets of the Escrow Fund only as set forth herein.

More Definitions of Escrowed Securities

Escrowed Securities means the noncallable Government Obligations described in Exhibit D, or cash or other noncallable obligations substituted therefor pursuant to Section 4.2 of this Agreement.

Escrowed Securities has the meaning set forth in Section 4.01(b).

Escrowed Securities means the securities listed on Schedule 2 attached hereto and any Substitute Escrowed Securities.

Escrowed Securities means the Phoenix Shares escrowed pursuant to Section 2.4 together with all Proceeds (as defined in the Escrow Agreement).

Escrowed Securities means the non-callable direct obligations of the United States of America listed on Schedule 2 attached hereto and any Substitute Escrowed Securities.

Escrowed Securities means the Common Shares that will be subject to the Escrow Agreement upon completion of the Proposed Transaction.

Escrowed Securities shall have the meaning provided in Section 9.05(ix).