Permitted Temporary Investments definition

Permitted Temporary Investments means those investments authorized by the Board from time to time for temporary investments of Company funds.

Permitted Temporary Investments means investments in (i) U.S. government and agency obligations with maturities of not more than one year and one day from the date of acquisition, (ii) commercial paper with maturities of not more than six months and one day from the date of acquisition and having a rating assigned to such commercial paper by Standard & Poor’s Ratings Services or Xxxxx’x Investors Service, Inc. (or, if neither such organization shall rate such commercial paper at such time, by any nationally recognized rating organization in the United States of America) equal to one of the two highest commercial paper ratings assigned by such organization, it being understood that as of the date hereof such ratings by Standard and Poor’s Rating Services are “P1” and “P2” and such ratings by Xxxxx’x Investors Service, Inc. are “Al” and “A2,” (iii) interest bearing deposits in U.S. banks with an unrestricted surplus of at least $250 million, maturing within one year and (iv) money market mutual funds with assets of not less than $500 million, substantially all of which assets are believed by the Manager to consist of items described in the foregoing clause (i), (ii) or (iii).

Permitted Temporary Investments means (a) all Eligible Cash Equivalents except that the term "not more than one year and one day after the date of acquisition" is changed to "not more than two years after the Issue Date" and (b) debt securities with an investment grade rating by Standard & Poor's Rating Services and Xxxxx'x Investors Service, Inc. issued by any Person and maturing within two years after the Issue Date.

Examples of Permitted Temporary Investments in a sentence

• Pending distribution, funds referred to in this Section 3.5 held by the Partnership shall be invested in Permitted Temporary Investments.

• Subject to Sections 5.2(d) and 5.4, Distributable Cash attributable to any Portfolio Investment (including income from Permitted Temporary Investments realized pending investment in such Portfolio Investment or pending distribution of Distributable Cash relating to such Portfolio Investment) shall initially be apportioned among the Members (including the Manager) in proportion to their respective Percentage Interests relating to such Portfolio Investment.

• To the extent practicable in the sole discretion of the General Partner, the General Partner may invest Capital Contributions in Permitted Temporary Investments pending investment in Investments and may invest Distributable Cash in Permitted Temporary Investments pending the distribution thereof.

• Distributable Cash attributable to any Investment (including income from Permitted Temporary Investments realized pending investment in such Investment or pending distribution of Distributable Cash relating to such Investment) shall initially be apportioned among the Partners (including the General Partner) in proportion to their respective Percentage Interests relating to such Investment.

• As provided in Section 4.1(b)(v), Investment Management Fees paid from the Fund’s cash receipts (regardless of the source and including operating cash, proceeds from a Liquidity Event, Distributable Cash or income from Permitted Temporary Investments) or from borrowings from a Subscription Facility, shall not reduce the Partner’s Remaining Capital Commitment or Remaining Reserve Commitment.

More Definitions of Permitted Temporary Investments

Permitted Temporary Investments means United States government securities, certificates of deposit of United States banks, bank repurchase agreements covering securities of the United States government or governmental agencies, bankers' acceptances and commercial paper rated A-1 or better by Xxxxx'x Investor Service, Inc., money market funds and interest bearing time deposits in banks and thrift institutions.

Permitted Temporary Investments means Treasury securities, bank certificates of deposit and time deposits, in each case having a maturity of one year or less, commercial paper or money-market instruments.

Permitted Temporary Investments means (i) cash or cash equivalents, (ii) commercial paper rated no lower than “A-1” by Standard & Poor’s Corporation or “P-1” by Xxxxx’x Investors Service, Inc., (iii) United States obligations, (iv) state or municipal governmental obligations, money market instruments, or other short-term debt obligations having equivalent credit ratings to the securities listed in clause (ii) above, (v) certificates of deposit issued by, or other deposit obligations of, commercial banks chartered by the United States or any state thereof or the District of Columbia, each having at the date of acquisition by the Partnership combined capital and surplus of at least $500,000,000 and (vi) overnight repurchase agreements with primary dealers that may trade directly with the Federal Reserve System of the United States that are collateralized by direct United States government obligations. Any securities described in clauses (ii), (iii), (iv) and (vi) shall have a remaining maturity from the date of their acquisition of 397 days or less.

Permitted Temporary Investments means investments of Company funds in such accounts, institutions, funds, stocks, bonds or other investment opportunities as selected by the Managing Member in his sole discretion.

Permitted Temporary Investments means the investments by the Partnership in: (a) Securities that are obligations of or guaranteed by the U.S. government or an instrumentality thereof; (b) domestic, corporate or governmental indebtedness rated Aa or Prime-1 (or the equivalent thereof) or better by Xxxxx’x Investors Service Inc. or A-I (or its equivalent) or better by Standard & Poor’s Corporation; (c) certificates of deposit, money market accounts, savings accounts, checking accounts or any combination thereof in banks which have total assets of $100,000,000 or more; (d) certificates of deposit, money market accounts, savings accounts, checking accounts or any combination thereof in banks insured by the Federal Deposit Insurance Corporation (the “FDIC”) which have total assets of less than $100,000,000 if the amount of the Partnership’s funds deposited in such bank is fully insured by the FDIC; or (e) any other Securities that the General Partner determines are appropriate for short term investments.

Permitted Temporary Investments. (a) United States government and agency obligations with maturities of not more than one year and one day from the date of acquisition, (b) commercial paper with maturities of not more than six months and one day from the date of acquisition and having a rating assigned to such commercial paper by Standard & Poor’s Rating Services or Xxxxx’x Investor Service, Inc. (or, if neither such organization shall rate such commercial paper at such time, by any nationally recognized rating organization in the United States of America) at least equal to or substantially equivalent to what is as of the Initial Fund VIII Closing Date Standard & Poor’s Rating Services’ rating “A-1” or Xxxxx’x Investor Service, Inc.’s rating “P-1”, provided that if such commercial paper is rated by both Standard & Poor’s Rating Services or Xxxxx’x Investor Service, Inc., the lower of the two ratings shall control for purposes of this definition, (c) interest bearing deposits in United States dollars in United States or Canadian banks or in Euros or Pounds Sterling in Western European banks, in each case, with an unrestricted surplus of at least $250,000,000, maturing within one year, and (d) money market or United States government securities funds designed to maintain a fixed share price and high liquidity by investing substantially in the above types of securities.

Permitted Temporary Investments has the meaning set forth in the Fund Agreement.