Wrap Agreements definition

Wrap Agreements means any stable value wrap annuity contract in respect of Reinsured Policies to which the Company or any of its Affiliates is a party listed on Exhibit E.
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Wrap Agreements. A Wrap Agreement is a type of Benefit Responsive Contract issued by insurance companies, banks, and other financial institutions which, when associated with one or more identifiable investments (Associated Assets), creates what is known as a Synthetic Investment Contract. The Wrap Agreement allows for book value accounting and benefit- responsiveness for Associated Assets. • Yankee/Euro Bonds: Yankee bonds are U.S. dollar-denominated securities issued by non- U.S. issuers or foreign subsidiaries of U.S. issuers and are predominantly traded in U.S. markets. Eurobonds are traded in the global marketplace. Issuers of Eurobonds may be domiciled in or outside of the U.S. Global bonds are a hybrid of Yankee and Eurodollar bonds. Like Yankee bonds, Global bonds are US dollar denominated and issued by non-US issuers or foreign subsidiaries of U.S. issuers, though they are issued and traded in both the U.S. (Yankee) and Euro markets simultaneously. In the event that PIMCO wishes to make changes to or additions to, or deletions from, the Permitted Investments set forth in the Investment Guidelines, PIMCO shall submit to the Board a written list of such changes or securities/transaction types that PIMCO proposes to designate as Permitted Investments for the Board’s review. If appropriate, the Board will then coordinate amendments to the Investment Guidelines in accordance with a timeline mutually agreed to by the parties.
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Examples of Wrap Agreements in a sentence

  • In the event of termination of a Wrap Agreement or conversion of an evergreen Wrap Agreement to a fixed maturity, some Wrap Agreements may require that the duration of some portion of the Fund's portfolio securities be reduced to correspond to the fixed maturity or termination date.

  • In the event of the default of a Wrap Provider, the Fund could potentially lose the Book Value protections provided by the Wrap Agreements with that Wrap Provider.

  • The Fund will value securities and Wrap Agreements used to pay redemptions in kind using the same method the Fund uses to value its portfolio securities described above under "Determination of Net Asset Values Per Share." That valuation will be made as of the time the redemption price is determined.

  • The maintenance of Wrap Agreements distributed in-kind may also require that a Plan pay fees to the Wrap Provider directly, rather than through the Fund.

  • In that case, the Fund may pay the redemption proceeds in whole or in part by a distribution "in kind" of liquid securities from the portfolio of the Fund and Wrap Agreements, in lieu of cash.

  • And, in most circumstances the Wrap Agreements will be of value to the Plan only as long as the Plan holds shares of the underlying funds.

  • The Fund's overall Crediting Rate will reflect a blending of the Crediting Rate on the terminating Wrap Agreement and the Crediting Rate on the remaining Wrap Agreements.

  • The Wrap Agreements typically provide that either the Wrap Provider or the Fund may terminate the Wrap Agreement upon specified notice to the other party.

  • With respect to payments made under the Wrap Agreements between the Fund and the Wrap Provider, some Wrap Agreements, as noted in the Fund's prospectus, provide that payments may be due upon disposition of the Covered Assets or upon termination of the Wrap Agreement.

  • In addition, Cedant shall, at Reinsurer’s instruction and expense, cooperate with Reinsurer to effect any such action with respect to the management or administration of the Wrap Agreements as Reinsurer shall reasonably request, as may be permitted under the terms of any Wrap Agreement.

Related to Wrap Agreements

  • Swap Agreements means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or consultants of the Borrowers or the Subsidiaries shall be a Swap Agreement.

  • Lock-Up Agreements means the lock-up agreements that are delivered on the date hereof by each of the Company’s officers and directors, in the form of Exhibit A attached hereto.

  • Interest Rate Hedging Agreements means, with respect to any Person, the obligations of such Person under (i) interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and (ii) other agreements or arrangements designed to protect such Person against fluctuations in interest rates.

  • Hedging Agreements means, collectively, interest rate protection agreements, equity index agreements, foreign currency exchange agreements, option agreements or other interest or exchange rate or commodity price hedging agreements (other than forward contracts for the delivery of power or gas written by the Borrower to its jurisdictional and wholesale customers in the ordinary course of business).

  • VIE Agreements means the documents as set forth in Appendix B hereto.