Exempt Security definition

Exempt Security means any: (1) direct obligation of the Government of the United States, including all state and municipal obligations; (2) bankers’ acceptance, bank certificate of deposit, commercial paper, bank repurchase agreement and other high quality short-term debt instrument; (3) shares issued by registered open-end mutual funds (including money-market funds) and unit investment trusts, in each case provided they are not Reportable Funds or ETFs (as such terms are defined herein); and (4) Securities in an account over which you do not have any direct or indirect influence or Control (note that there is a presumption that you can exert some measure of influence or control over accounts held by members of your immediate family sharing the same household, but this presumption may be rebutted by convincing evidence acceptable to the Chief Compliance Officer in accordance with this Code);

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Exempt Security means certain securities, or securities obtained in transactions, that are not considered Covered Securities and, therefore, are exempt from the pre-clearance and reporting requirements of this Code. The following are Exempt Securities:

Exempt Security means any security that is expressly exempted from the preclearance or reporting requirements of the Code, where applicable.

Examples of Exempt Security in a sentence

As used in this Section 1008 only, "Holder" shall include a holder of interest in a global Security which is an Exempt Security and a prospective purchaser of an Exempt Security shall include a prospective purchaser of an interest represented by a global Security which is an Exempt Security.
However, if any security that is not an Exempt Security is sold, called or matures prior to five days before Closing Date, then the net proceeds received shall be used as the Marked Value.
The Trust was created by the Trust Indenture and Agreement applicable to this Series of Tax --- Exempt Security Trust, as amended, supplemented or varied by the Reference --------------------- Trust Agreement applicable to this Series of Tax Exempt Securities Trust (such --------------------------- Trust Indenture and Agreement as amended, supplemented or varied by such Reference Trust Agreement being hereafter called the "Indenture"), among ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ & ▇▇▇▇▇ & CO.
The Company has provided to the Purchaser correct and complete copies of the agreements under which the Fairness Opinion Author has agreed to provide the Fairness Opinion to the Company.
The firm's policies and procedures set forth in the Code regarding personal investing apply to ALL personal securities transactions by Covered Persons, unless a transaction is in an Exempt Security or is an Exempt Transaction, as defined below.

More Definitions of Exempt Security

Exempt Security means (i) direct obligations of the Government of the United States; (ii) bankers’ acceptances, bank certificates of deposit, commercial paper and high quality short-term debt instruments, including repurchase agreements; and (iii) shares of open-end investment companies with the exception of exchange-traded funds and the Funds, which are subject to various provisions of the Code as noted herein. In addition, as may be determined by the Chief Compliance Officer, a futures transaction and an option on certain broad-based securities indices will be deemed an “Exempt Security.”

Exempt Security means any security issued by the government of the United States or its agencies and instrumentalities, bankers' acceptances, bank certificates of deposit, commercial paper, other high quality short-term debt instruments, or shares of open-end investment companies. In addition, as may be determined by the Compliance Officer, certain futures transactions and options on certain broad-based securities indices will be deemed an "Exempt Security."

Exempt Security means: (i) direct obligations of the U.S. Government (or any other "government security" as that term is defined in the Investment Company Act of 1940, as amended (the "Investment Company Act"), bankers’ acceptances, bank certificates of deposit, commercial paper and High-Quality Short-Term Debt Instruments, including repurchase agreements, and shares of registered open-end investment companies, (ii) securities purchased or sold in any account over which the Access Person has no direct or indirect influence or control, (iii) securities purchased or sold in a transaction that is non-volitional on the part of the Access Person, including mergers, recapitalizations or similar transactions, and (iv) securities acquired as a part of an Automatic Investment Plan.

Exempt Security means a Security purchased or sold in a transaction over which the Access Person has no control, Securities acquired under an automatic dividend plan, and Securities which a Fund is not permitted to purchase under the investment objectives set forth in that Fund's then current prospectus. Access Persons are deemed to have control over trusts which they may revoke, and brokerage and investment advisory or brokerage accounts owned by them or their Immediate Family, even if the trustee, investment advisor or broker of those accounts does not consult the Access Person with respect to transactions.

Exempt Security means a non-reportable security as defined below in Section B (13)

Exempt Security means (i) direct obligations of the Government of the United States, (ii) bankers’ acceptances, bank certificates of deposit, commercial paper and other high quality short-term debt instruments, including repurchase agreements, or (iii) shares of open-end investment companies with the exception of exchange-traded funds and the Funds, which are

Exempt Security means: Government securities (as defined by Section 2(a)(16) of the 1940 Act); shares of registered open-end investment companies; securities that are not eligible for purchase or sale by any Fund; and any other security that KAM's Ethics Committee from time to time may designate as an Exempt Security.