Repos definition

Repos means the Transactions set out in section 5, below.

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Repos means agreements, arrangements or understandings with a person whereby any Investments are transferred to or Investments are acquired from that person on the basis that the transaction will be reversed on a predetermined rate and at an agreed price.

Repos is as defined in Appendix A of this Agreement;

Examples of Repos in a sentence

• Seller shall use its best efforts to retain at the Branch Office the Deposits and Retail Repos that are domiciled at the Branch Office as of the date of this Agreement.

• Each Fund shall not hold on any Business Day Eligible Repos the aggregate principal amount of which is in excess of 40% of the value of its Eligible Assets on such Business Day.

• Repos are legally arranged as a contract between two parties to sell a security, such as a Treasury bond, and then repurchase it at a later date at a higher prearranged price (Figure 1).

• In calculating the payment due at the Closing, Buyer also will receive a credit for all advance payments received by Seller for obligations relating to the Assets, Retail Repos and Deposits transferred to Buyer hereunder, which payments shall be prorated between the parties as of the Closing Date.

• On the Closing Date, Buyer will assume all obligations of Seller relating to the Deposits and Retail Repos.

• Each Stockholder has the power to instruct the voting of the applicable Shares pursuant to, and subject to the terms and conditions of, the Repos, free and clear of all liens, encumbrances, options, rights of first refusal and other similar rights and restrictions, in each case, other than as set forth under this Agreement, the Itau Stockholder Agreement and the Repos.

• Repos remain an inherently unreliable source of funding in a crisis, even if large banks are less reliant on them following postcrisis reforms.

• Liens on the Treasuries of the Company and/or its Subsidiaries in connection with entering into one or more Repos in connection with their investment portfolios consistent with the Company’s investment policy in effect as of the date hereof.

• When the Company and/or its Subsidiaries enter into any Repos, they must post Treasuries as collateral into the account of a third party to secure their obligations under the Repo.

• If a Fund is unable to engage in Eligible Repo transactions, such cash that would have been invested in Eligible Repos will be held as overnight bank deposits at a bank having a short-term rating of at least A1/P1.

More Definitions of Repos

Repos means the Transactions set out in Part AA of these Product Specifications.

Repos has the meaning set forth in Section 2.2.

Repos means the repurchase agreements between the Seller Guarantor and any Group Company listed in Part 5 of Schedule 12 and such additional repurchase agreements as the Seller Guarantor may enter into prior to Completion with any Group Company and notify in writing to the Purchaser in accordance with clause 5.1.7;

Repos means the Transactions set out in Part DD of these Product Specifications.

Repos means a money-market transaction in which a spot sale of a security is carried out and an agreement on a forward repurchase of an equivalent security is made at the same time.