Permitted Escrow Investments definition

Permitted Escrow Investments means the investments described as the Permitted Escrow Investments in the section entitled “SECURITY AND SOURCES OF PAYMENT FOR THE SERIES 2009A BONDS—Restrictions on Escrowed Proceeds.”
Sample 1Sample 2Sample 3
Permitted Escrow Investments has the meaning given to that term in Paragraph 2 of Appendix A.
Sample 1Sample 2
Permitted Escrow Investments means the investments represented by and provided pursuant to that certain Global Escrow Agreement dated as of December 18, 2009, by and among the GSEs, the Trustee and U.S. Bank National Association, as escrow agent.
Sample 1

Examples of Permitted Escrow Investments in a sentence

  • Escrow Issuer may not own, hold or otherwise have any interest in any assets other than the Escrow Account and Permitted Escrow Investments.

  • The Escrowed Proceeds must be invested in government or agency securities rated in the highest short-term rating category (‘A-1’/’P-1’) (“Permitted Escrow Investments”), with a maturity date of one (1) year or less, anticipated to match the anticipated draw down of funds from escrow by the HFAs. The Permitted Escrow Investments must be pledged exclusively to the repayment of the Eligible Bonds.

  • The Escrow Agent shall invest the Escrow Property in Permitted Escrow Investments as may be specified in writing by the Issuer from time to time following the date thereof in any certificate executed by one of the authorized signatories of the Issuer listed on Exhibit E-1 to this Agreement and delivered by the Issuer to the Escrow Agent and the Trustee.

  • Pending disbursement, the Escrow Property may be invested in cash and Permitted Escrow Investments denominated in U.S. dollars as directed by the Issuers.

  • The Escrow Agent shall invest the Escrow Property in Permitted Escrow Investments as may be specified in writing by Escrow Corp.

  • The Escrow Agent shall invest the Escrow Property in Permitted Escrow Investments as directed by Wilmington Trust, National Association (the “Investment Advisor”) pursuant to a certain Investment Advisory Agreement by and between the Issuer the Investment Advisor dated as of August 14, 2012 (the “Investment Agreement”).


More Definitions of Permitted Escrow Investments

Permitted Escrow Investments means the investments represented by and provided pursuant to that certain Global Escrow Agreement, by and among the GSEs, the Trustee and U.S.Bank National Association, as escrow agent, relating to the Program Bonds
Sample 1
Permitted Escrow Investments means any of the following investments:
Sample 1
Permitted Escrow Investments means the following investments which trade at par on a daily basis:
Sample 1
Permitted Escrow Investments has the meaning set forth in the Escrow Agreement.
Sample 1

Related to Permitted Escrow Investments

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party, (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance, the parties thereto are party to the Intercompany Subordination Agreement, and (d) a Loan Party to or in a Subsidiary that is not a Loan Party so long as (i) the aggregate amount of all such Investments made by the Loan Parties to or in Subsidiaries that are not Loan Parties does not exceed $1,000,000 at any time outstanding, (ii) no Default or Event of Default has occurred and is continuing either before or after giving effect to such Investment, and (iii) the Borrowers have Excess Availability plus Qualified Cash of not less than $10,000,000 after giving effect to such Investment.

  • Permitted Existing Investments means the Investments of the Borrower and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

  • Escrow Items means those items that are described in Section 3.

  • Permitted Investments means:

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Permitted Investors the collective reference to the Sponsor and its Control Investment Affiliates.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Permitted Intercompany Activities means any transactions between or among the Borrower and its Restricted Subsidiaries that are entered into in the ordinary course of business of the Borrower and its Restricted Subsidiaries and, in the good faith judgment of the Borrower are necessary or advisable in connection with the ownership or operation of the business of the Borrower and its Restricted Subsidiaries, including, but not limited to, (i) payroll, cash management, purchasing, insurance and hedging arrangements and (ii) management, technology and licensing arrangements.

  • Permitted Restricted Payments means any of the following Restricted Payments made by:

  • Permitted Joint Venture Investment means an Investment by such Person in any other Person engaged in the Oil and Gas Business (a) over which such Person is responsible (either directly or through a services agreement) for day-to-day operations or otherwise has operational and managerial control of such other Person, or veto power over significant management decisions affecting such other Person, and (b) of which at least 30% of the outstanding Equity Interests of such other Person are at the time owned directly or indirectly by such Person.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • PIPE Investment has the meaning specified in the Recitals hereto.

  • Investments as defined in Section 7.8.

  • Performing Non-Cash Pay Mezzanine Investments means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided that:

  • Asset Sale Proceeds Account means one or more deposit accounts or securities accounts holding the proceeds of any sale or disposition of any Notes Collateral.

  • Collateral Acquisition Agreements means each of the agreements entered into by the Issuer in relation to the purchase by the Issuer of Collateral Debt Obligations from time to time.

  • Permitted Payments has the meaning specified in Section 7.06(b).

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by the Company or any Subsidiary.