Treasuries definition

Treasuries has the meaning assigned to such term in the recitals.

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Treasuries shall be any U.S. treasury security with one year or less remaining to maturity with an aggregate market value, as determined in the sole discretion of the Administrator using the valuation procedures set forth in the Prospectus, that together with any cash amount, will equal the purchase price of the Creation Basket being purchased. The total deposit required to create each basket (“Creation Basket Deposit”) will be an amount of Treasuries and cash that is in the same proportion to the total assets of the Fund (net of estimated accrued but unpaid fees, expenses and other liabilities) on the date the Purchase Order is properly received as the number of Shares to be created under the Purchase Order is in proportion to the total number of Shares outstanding on the date the Purchase Order is received. The Sponsor determines, directly in its sole discretion or in consultation with the Administrator, the requirements for Treasuries and/or the amount of cash, including the remaining maturities of the Treasuries and the proportions of Treasuries and cash, that may be included in Creation Basket Deposits. The Sponsor, through the Transfer Agent shall notify the Authorized Purchaser of the requirements for Treasuries and/or the amount of cash to be included in deposits to create Baskets by e-mail or telephone correspondence and is available via the Trust website, ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. Unless otherwise determined by the Sponsor, if Treasuries and cash are to be deposited, the amount of the cash deposit required will be the difference between (i) the aggregate market value of the Treasuries required to be included in a Creation Basket Deposit as of 4:00 PM New York time on the Purchase Order Date and (ii) the total required deposit. An Authorized Purchaser who places a Purchase Order is responsible for transferring to the Fund’s account with the Custodian the required amount of Treasuries and/or cash by the end of the next Business Day following the Purchase Order Date (T+1) or by the end of such later Business Day, not to exceed three Business Days after the Purchase Order Date, as agreed to between the Authorized Purchaser and the Transfer Agent when the Purchase Order is placed, except in the case of an Authorized Purchaser’s initial order to purchase one or more Creation Baskets of a Fund on the first day the Baskets of that Fund are to be offered and sold, when the Creation Basket Deposit will be due on the date the Purchase Order was accepted by the Transfe...

Treasuries means negotiable debt obligations issued by the U.S. Treasury Department.

Examples of Treasuries in a sentence

For subscriptions made entirely in cash, Participants must deposit funds by trade date plus 1 day (T+1) for Treasuries, and trade date plus 3 days (T+3) for Municipals, other Government Debt, Preferreds and Corporate debt obligations reflecting the trade settlement cycle for the foregoing.
The Administrative Agent shall have full power and authority, acting alone or through any party properly designated by it hereunder, to do any and all things in connection with instructing the Trustee in the administration, reinvestment, and delivery of the Eligible Treasuries which it may deem necessary or desirable.
The Administrative Agent shall not be obligated to use separate offices, employees or accounts for directing the administration of the Eligible Treasuries.
If the Administrative Agent violates any of the requirements or conditions set forth in Exhibit H in the course of directing the Trustee in the acquisition of Eligible Treasuries, the Administrative Agent shall undertake to remedy such violation in the manner specified in such Exhibit H.
The General Partner, directly or through its agent, will determine the requirements for Treasuries and the amount of cash, including the maximum permitted remaining maturity of a Treasury, and the proportions of Treasuries and cash, that may be included in distributions to redeem Baskets.

More Definitions of Treasuries

Treasuries means (i) any Eligible Treasury or (ii) any Eligible Repo.

Treasuries means U.S. Treasury or other similar securities.

Treasuries is defined in Section 2(a) hereof. Capitalized terms used but not otherwise defined herein have the meanings given in the Certificate of Designations.

Treasuries means the ten-year U.S. Treasury note most recently issued prior to the Determination Date.

Treasuries means U.S. Treasury securities.

Treasuries means U.S. Treasury securities with a remaining maturity of up to ten years.

Treasuries means a United States fixed rate security (i.e., a Treasury bond, note or bill, ▇▇t excluding any security (a) which can be surrendered at the option of the holder at face value in payment of any estate tax, (b) which provides tax benefits to the holder, other than withholding tax benefits to nonresident aliens, or (c) which was issued at a discount) maturing in the same month and year as the Loan for which any interest rate calculation is being made based upon the Treasury Rate.