Remarketing Treasury Portfolio Purchase Price definition

Remarketing Treasury Portfolio Purchase Price has the meaning specified in the Officer’s Certificate.

Remarketing Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a Primary Treasury Dealer to the Quotation Agent on the third Business Day immediately preceding the Initial Reset Date for the purchase of the Remarketing Treasury Portfolio for settlement on the Initial Reset Date.

Remarketing Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the applicable Remarketing Date during the Period for Early Remarketing for the purchase of the Remarketing Treasury Portfolio for settlement on the Reset Effective Date, provided, that if the Remarketing Treasury Portfolio consists of cash, “Remarketing Treasury Portfolio Purchase Price” means an amount of cash equal to the aggregate principal amount at maturity of the U.S. Treasury securities (or principal or interest strips thereof) that would have otherwise been components of the Remarketing Treasury Portfolio. “Quotation Agent” means any primary U.S. government securities dealer in New York City selected by the Company.

Examples of Remarketing Treasury Portfolio Purchase Price in a sentence

• The Remarketing Agents may deduct the Remarketing Fee from any amount of Proceeds from such Remarketing in excess of sum of the Remarketing Treasury Portfolio Purchase Price plus the Separate Debentures Purchase Price.

• The Remarketing Agent may deduct the Remarketing Fee from any amount of Proceeds from such Remarketing in excess of sum of the Remarketing Treasury Portfolio Purchase Price, plus the Separate Debentures Purchase Price.

• In making the assessment, the Fund considers:• contingent events that would change the amount and timing of cash flows;• leverage features;• prepayment and extension terms;• terms that limit the Fund’s claim to cash flows from specified assets (for example, non- recourse asset arrangements); and• features that modify consideration of the time value of money – for example, periodical reset of interest / commission rates.

• If the Collateral Agent receives such Proceeds, the Collateral Agent will, at the written direction of the Company, apply an amount equal to the Remarketing Treasury Portfolio Purchase Price to purchase from the Quotation Agent the Remarketing Treasury Portfolio and remit the remaining portion of such Proceeds, if any, to the Purchase Contract Agent for payment to the Holders of Income PRIDES.

• The term "Separate Debt Securities Purchase Price" means, on a date of determination, the aggregate principal amount of Separate Debt Securities to be remarketed multiplied by a fraction, the numerator of which is the Remarketing Treasury Portfolio Purchase Price and the denominator of which is the aggregate principal amount of the Pledged Debt Securities to be remarketed.

More Definitions of Remarketing Treasury Portfolio Purchase Price

Remarketing Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the applicable Remarketing Date during the Period for Early Remarketing for the purchase of the Remarketing Treasury Portfolio for settlement on the Reset Effective Date. “Quotation Agent” means any primary U.S. government securities dealer in New York City selected by the Company.

Remarketing Treasury Portfolio Purchase Price means, in connection with a remarketing during the Period For Early Remarketing, the lowest aggregate price quoted by a Primary Treasury Dealer to the Quotation Agent on the third Business Day immediately preceding the Reset Date for the purchase of the Remarketing Treasury Portfolio for settlement on the Reset Date.

Remarketing Treasury Portfolio Purchase Price shall have the meaning specified in the Purchase Contract and Pledge Agreement.

Remarketing Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a Primary Treasury Dealer to the Quotation Agent on the third Business Day immediately preceding the Initial Reset Date for the purchase of the Remarketing Treasury Portfolio on the Reset Date.

Remarketing Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Reset Effective Date for the purchase of the Remarketing Treasury Portfolio for the settlement on the Reset Effective Date. “Quotation Agent” means any primary U.S. government securities dealer in New York City selected by the Company.

Remarketing Treasury Portfolio Purchase Price means the lowest aggregate ask-side price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent between 9:00 a.m. and 4:00 p.m., New York City time, on the Optional Remarketing Date for the purchase of the Treasury Portfolio for settlement on the relevant Remarketing Settlement Date; provided that if the Remarketing Treasury Portfolio consists of cash, “Remarketing Treasury Portfolio Purchase Price” means the amount of such cash.

Remarketing Treasury Portfolio Purchase Price means the lowest aggregate ask-side price quoted by a Primary Treasury Dealer in the City of New York to the Quotation Agent on the third Business Day immediately preceding the Reset Effective Date (or the Remarketing Date, if not the third Business Day immediately preceding the Reset Effective Date) for the purchase of the Remarketing Treasury Portfolio for settlement on the Reset Effective Date; provided that if the Remarketing Treasury Portfolio is comprised solely of cash described in the second paragraph of the definition thereof, the “Remarketing Treasury Portfolio Purchase Price” will be the aggregate amount of cash comprising the Remarketing Treasury Portfolio.