Rollover Commercial Paper definition

Rollover Commercial Paper means Commercial Paper issued for the sole purpose of refinancing directly or indirectly, through a chain of refinancings, Original Commercial Paper.
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Rollover Commercial Paper means Commercial Paper issued for the purpose described in clause (iii) of Section 2.02.
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Rollover Commercial Paper means any Commercial Paper which is issued in the amount of, and for the repayment of, existing Commercial Paper on the maturity thereof and for which CP Commitments are then outstanding under the Facility.
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Examples of Rollover Commercial Paper in a sentence

  • Notwithstanding the foregoing, each identification, determination and allocation relating to particular Original Commercial Paper and related Rollover Commercial Paper shall be made only to a purpose for which the University has authorized, and which authorization is effective, prior to the date of issuance of such Original Commercial Paper.

  • Original Commercial Paper, and all Rollover Commercial Paper associated therewith, shall not mature later than two years from the initial date of issuance of the Original Commercial Paper; provided however, that the Original Commercial Paper may be extended or renewed for not more than two additional periods not exceeding two years each with the approval of the State Director of Local Finance, in each such instance in accordance with Section 9-21-505, Tennessee Code Annotated.

  • The Metropolitan Government may authorize the issuance pursuant to a resolution or resolutions of its Metropolitan County Council of additional bond anticipation notes in the form of Commercial Paper in anticipation of the issuance of Bonds in such amount or amounts as said Metropolitan County Council may determine with respect to Original Commercial Paper together with Rollover Commercial Paper related thereto.

  • As used herein, the term “Notes” shall also mean any Rollover Commercial Paper or Bank Notes (each, as defined in the Resolution) issued for the purpose of paying the principal of the Notes.

  • In anticipation of the issuance and sale of Bonds, there are hereby authorized to be issued from time to time bond anticipation notes in the form of commercial paper notes (“Commercial Paper Notes”) in an aggregate principal amount outstanding at any time of not to exceed $200,000,000, consisting of (i) Original Commercial Paper Notes and (ii) Rollover Commercial Paper Notes related thereto.

  • In anticipation of the issuance and sale of Bonds, there is hereby authorized to be issued from time to time bond anticipation notes in the form of Commercial Paper, consisting of (i) Original Commercial Paper in an aggregate principal amount of not to exceed $200,000,000 and (ii) Rollover Commercial Paper related thereto.

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  • Original Commercial Paper Notes, and all Rollover Commercial Paper Notes associated therewith, shall not mature later than two years from the initial date of issuance of the Original Commercial Paper Notes; provided however, that the Original Commercial Paper Notes may be extended or renewed for not more than two additional periods not exceeding two years each with the approval of the Director of State and Local Finance, in each such instance in accordance with Section 9-21-505 of the Act.

  • Such Rollover Commercial Paper Notes shall mature on such date and bear interest at such rate as may be specified by the Metropolitan Government in such instructions, provided that such maturity date and rate is consistent with the terms of Section 2.04 hereof.

  • In anticipation of the issuance and sale of Bonds and to renew the Prior Notes, there is hereby authorized to be issued from time to time bond anticipation notes in the form of Commercial Paper in an aggregate principal amount outstanding at any time of not to exceed $400,000,000, consisting of (i) Original Commercial Paper and (ii) Rollover Commercial Paper related thereto.

Related to Rollover Commercial Paper

  • Commercial Paper means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by or for the benefit of such Conduit Investor.

  • Pooled Commercial Paper means Commercial Paper notes of a Conduit subject to any particular pooling arrangement by such Conduit, but excluding Commercial Paper issued by such Conduit for a tenor and in an amount specifically requested by any Person in connection with any agreement effected by such Conduit.

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Investment Provider means any commercial bank or trust company, bank holding company, investment company or other entity (which may include the Trustee, the Bond Registrar or the Paying Agent), whose credit rating (or the equivalent of such rating by virtue of guarantees or insurance arrangements) by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or is otherwise acceptable to each such Rating Agency in order to maintain the then current rating on such Bonds by such Rating Agency, which Investment Providers shall be approved by the Authority for the purpose of providing investment agreements.

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent) or if not rated, determined by the Adviser to be of comparable quality.

  • Eligible Investment Required Ratings means, in the case of each Eligible Investment, a short-term credit rating of at least “A-1” (or, in the absence of a short-term credit rating, “AA-” or better) from S&P.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to subparagraph 2(b) of Article 5 of this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.

  • Commercial Paper Dealers means Merrill Lynch, Pierce, Fenner & Smith Incorporated and such other commercial paper dealer or dealers as the Corporation may from time to time appoint, or, in lieu of any thereof, their respective affiliates or successors.

  • Conduit Lender any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.18, 2.19, 2.20 or 10.5 than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment.

  • Designated Bank means any bank designated by Lender as a Designated Bank, but only for as long as Lender has an agreement under which Lender receives Depository Benefits from that bank.

  • CP Conduit means any limited-purpose entity established to use the direct or indirect proceeds of the issuance of Commercial Paper Notes to finance financial assets.

  • Substitute Commercial Paper Dealers means such Substitute Commercial Paper Dealer or Dealers as the Corporation may from time to time appoint or, in lieu of any thereof, their respective affiliates or successors.

  • Participating Financial Institution means a financial institution participating in EMT Services and/or Online Payment Services, as the case may be.

  • Automatic Investment Plan/Dividend Reinvestment Plan means a program in which regular purchases or sales are made automatically in or from investment accounts in accordance with a predetermined schedule and allocation, including dividend reinvestment plans.

  • Qualified United States financial institution means an institution that:

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Liquidity Account Initial Date means, with respect to any Series, the date designated as the Liquidity Account Initial Date in the Appendix for such Series.

  • Canadian financial institution means (i) an association governed by the Cooperative Credit Associations Act (Canada) or a central cooperative credit society for which an order has been made under section 473(1) of that Act, or (ii) a bank, loan corporation, trust company, trust corporation, insurance company, treasury branch, credit union, caisse populaire, financial services cooperative, or league that, in each case, is authorized by an enactment of Canada or a jurisdiction of Canada to carry on business in Canada or a jurisdiction of Canada;

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Liquidity Account has the meaning set forth in Section 6.22(a).

  • Special Purpose Investment Personnel means each SEI Access Person who, in connection with his or her regular functions (including, where appropriate, attendance at Board meetings and other meetings at which the official business of a Trust or any Fund thereof is discussed or carried on), obtains contemporaneous information regarding the purchase or sale of a Security by a Fund. Special Purpose Investment Personnel shall occupy this status only with respect to those Securities as to which he or she obtains such contemporaneous information.