West Virginia securities definition

West Virginia securities means real estate situate in this state; bonds or interest- bearing notes or obligations of this state; and bonds or interest-bearing notes or obligations of any county, district, school district or independent school district, municipality or any other political subdivision of this state; revenue bonds issued by any West Virginia state agency, board, department or commission authorized to issue such bonds by the laws of this state; and cash balances in regularly established accounts in West Virginia state banks and reflected as an asset in such annual statement; provided that the amount of such cash shall be calculated based on fifty percent of the average quarterly balance of such accounts and provided further that such cash may make up no more than forty percent of the insurer's investments in West Virginia securities.
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Examples of West Virginia securities in a sentence

  • In addition to the 25% investment in West Virginia securities requirement, an insurance company claiming the credit must satisfy the following three new requirements: (a) the insurance company must employ less than twenty full-time employees as of the end of the tax year; (b) the insurance company must have total net taxable premiums of less than ten million dollars; and (c) a minimum of fifty percent of its West Virginia business must be written in under-served and high risk areas of West Virginia.

  • In order to be eligible for the credit, the Annual Statement of the insurance company must demonstrate that at the close of the calendar year (December 31, 2000) it had at least twenty-five percent (25%) of its admitted assets invested in West Virginia securities as defined in Section 14b.

  • Being invested primarily in West Virginia securities, the West Virginia Municipal Bond Fund is subject to the risks of West Virginia's economy and of the financial condition of its state and local governments and their agencies.

Related to West Virginia securities

  • BofA Securities means BofA Securities, Inc.

  • Series A Securities means the Company's 9.25% Series A Junior Subordinated Deferrable Interest Debentures due February 1, 2027, as authenticated and issued under this Indenture.

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • AT&T TENNESSEE means the AT&T owned ILEC doing business in Tennessee.

  • Corporation Securities means (i) shares of Common Stock, (ii) shares of Preferred Stock (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) warrants, rights, or options (including options within the meaning of Treasury Regulation § 1.382-2T(h)(4)(v)) to purchase stock of the Corporation, and (iv) any other interest that would be treated as “stock” of the Corporation pursuant to Treasury Regulation § 1.382-2T(f)(18).

  • Offeror’s Securities means Voting Shares Beneficially Owned by an Offeror on the date of the Offer to Acquire;

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • AT&T LOUISIANA means the AT&T owned ILEC doing business in Louisiana.

  • Public street means a public right-of-way, including a public highway, public avenue, public boulevard, public parkway, public road, public lane, public alley, public viaduct, public subway, public tunnel, public bridge, public byway, other public transportation easement, or other public way.

  • Community placement means that period during which the

  • Delaware LLC Act means the Delaware Limited Liability Company Act.

  • Rule 144A Securities means all Initial Securities offered and sold to QIBs in reliance on Rule 144A.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Lock-Up Securities has the meaning assigned to such term in Section 3.5.

  • Securities has the meaning stated in the first recital of this Indenture and more particularly means any Securities authenticated and delivered under this Indenture.

  • Capital Securities means undivided beneficial interests in the assets of the Trust which rank pari passu with Common Securities issued by the Trust; provided, however, that upon the occurrence and continuance of an Event of Default (as defined in the Declaration), the rights of holders of such Common Securities to payment in respect of distributions and payments upon liquidation, redemption and otherwise are subordinated to the rights of holders of such Capital Securities.

  • Non Book-Entry Capital Securities shall have the meaning set forth in Section 2.05.

  • Xxxxx Fargo Securities means Xxxxx Fargo Securities, LLC.

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Delaware General Corporation Law means the Delaware General Corporation Law, 8 Del. C.ss.100, et. seq., as amended from time to time.

  • U.S. Securities means Securities issued by an issuer that is organized under the laws of the United States or any State thereof or that are otherwise traded in the United States, and shall include American Depositary Receipts.

  • Jefferies means Jefferies Finance LLC.

  • Corporation/ Corpn./ Department means the Central Warehousing Corporation.

  • AT&T MISSISSIPPI means the AT&T owned ILEC doing business in Mississippi.

  • Transfer Agents means the Transfer Agents referred to above and such further or other Transfer Agent or Agents as may be appointed from time to time hereunder either generally or in relation to a specific Series of Notes.