Governmental Securities definition

Governmental Securities means direct obligations of the United States of America, or direct obligations of any agency or instrumentality thereof the obligations of which are expressly backed by the full faith and credit of the United States of America, or obligations fully and expressly guaranteed as to principal and interest by the United States of America or any such agency or instrumentality thereof, other than any Structured Finance Securities or Derivative Securities.
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Governmental Securities means direct obligations of, or obligations guaranteed by, the United States of America, to the payment of which the full faith and credit of the United States is pledged.
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Governmental Securities shall have the meaning set forth in Section 4.3(a).
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Examples of Governmental Securities in a sentence

  • Subject to Section 11.04, the Trustee or Paying Agent shall hold in trust money or United States Governmental Securities deposited with it pursuant to Section 11.01 and shall apply the deposited money and the money from United States Governmental Securities in accordance with the Notes and this Indenture to the payment of principal of the Notes; but such money need not be segregated from other funds except to the extent required by law.

  • Money and Governmental Securities so held in trust are not subject to Article 13.

  • Any prepayment made under this Section 2.4 may be made only on a U.S. Governmental Securities Business Day (and, if tendered on a day other than a U.S. Governmental Securities Business Day, shall be applied on the immediately succeeding U.S. Governmental Securities Business Day).

  • The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the United States Governmental Securities deposited pursuant to Section 11.01 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of outstanding Notes.

  • The Collateral Agent, on behalf of the Buyers, shall have a valid perfected first priority Lien in the Collateral Account and all cash, cash equivalents, instruments, securities (including any Governmental Securities) and other financial or other assets which are maintained from time to time in the Collateral Account.

  • The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash and non-callable Governmental Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.

  • The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Governmental Securities deposited pursuant to Section 401 of this Indenture or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the Outstanding Notes.

  • The Escrow Agent shall not be liable or responsible for any loss resulting from any investment made in the Governmental Securities as provided in Section 9 hereof.

  • If the Trustee or Paying Agent is unable to apply any U.S. dollars or non-callable Governmental Securities in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s and the Note Guarantors’ obligations under this Indenture.

  • Deposited Money and Governmental Securities to Be Held in Trust; Other Miscellaneous Provisions 89 SECTION 8.06.

Related to Governmental Securities

  • Governmental Filings means all filings, including franchise and similar tax filings, and the payment of all fees, assessments, interests and penalties associated with such filings with all Governmental Authorities.

  • Governmental subdivision means any city, county, or combination thereof.

  • Governmental Agency(ies) means, individually or collectively, any federal, state, county or local governmental department, commission, board, regulatory authority or agency (including, without limitation, each applicable Regulatory Agency) with jurisdiction over the Company or a Subsidiary.

  • Governmental Consents has the meaning set forth in Section 3.5.

  • Governmental Consent means any notice to, registration, declaration or filing with, exemption or review by, or authorization, order, consent or approval of, any Governmental Entity, or the expiration or termination of any statutory waiting periods;