PERMISSIBLE SECURITIES Sample Clauses

PERMISSIBLE SECURITIES. In addition to legal requirements specified in the Diversified prospectus to conform to SEC requirements: o Money market instruments, including U.S. Treasury bills, Federal funds, repurchase agreements, commercial paper, bankers' acceptances, certificates of deposit. o At least 75 % of the fund should be invested in common stocks of large size U.S. companies, defined as those with market caps at least 300% of the average cap of the S&P MidCap 400 Index (Lipper definition). o Any security residing in the Russell 1000 Value Index. Conflicts with Lipper and Russell xxxxxxons will be resolved using Russell standards. o Xxxxxxred stocks of large size U.S. compxxxxx. o Convertible bonds and convertible preferred stocks. o ADR's up to 10% of portfolio holdings.
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PERMISSIBLE SECURITIES. See Section 10.1(c).
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PERMISSIBLE SECURITIES. See Section 10.1(c). PERMITTED INVESTMENTS. The making or commitment to make any advance, loan, extension of credit or capital contribution to, or purchase of stock, bonds, note, debenture or other security of, or make any other Investment in, any Person, in any or all of the following:
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PERMISSIBLE SECURITIES. In addition to legal requirements specified in the Diversified prospectus to conform with SEC requirements: - Common stocks of small to medium size companies as defined below. As of August 1999, small capitalization firms range from $50 million to $1.9 billion, and mid-cap companies are defined to be greater than $1.9 billion and less than $8.4 billion. - Preferred stocks of small to medium size companies. - Convertible debt securities of small to medium size U.S. corporations. - ADR's up to 10% of portfolio holdings. - Any security residing in the Russxxx 0000 Growth Index.
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PERMISSIBLE SECURITIES. GNMA or FNMA Certificates or FHLMC ---------------------- Gold Participation Certificates delivered to the Fund hereunder shall be guaranteed as to the timely payment of interest and principal by GNMA, FNMA or FHLMC, respectively, and shall be backed exclusively by Qualified Mortgage Loans. Such Securities must be issued according to the GNMA, FNMA or FHLMC Sellers' and Servicers' Guide, as appropriate.
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PERMISSIBLE SECURITIES. Permissible security types of the Fund include: o Obligations of the U.S. Treasury, U.S. Agency and Other U.S. Government Securities o Residential and commercial mortgage-backed securities (including TBAs, CMOs, REMICs) o Asset-backed securities o Money market instruments o Corporate securities o Municipal securities o Sovereign/supranational securities o Credit default swaps (buy protection only and must hold underlying assets) o Interest rate futures, forwards, options, caps, floors, swaps, total return swaps, and interest rate swaptions o Collective Investment Funds / Pooled Separate Accounts o Private Placement Securities issued under 144A F. PROHIBITED SECURITIES/STRATEGIES o Non-U.S. dollar denominated securities o Uncovered calls or puts o Leverage EXHIBIT 4 Fee Schedule Advisor shall charge the following fees on all assets of the Fund under Advisor’s management or invested in Collective Funds: Total Fund Value Management Fees First $100 million of Assets Under Management 0.16% per annum Next $100 million of Assets Under Management 0.11% per annum Balance of Assets Under Management 0.075% per annum The fee will be calculated and accrued daily based on the Account’s prior day net assets and reflected in the Account’s daily net asset value (“NAV”) and will be paid by the custodian quarterly from the assets in arrears. EXHIBIT 5 Certification of Qualified Institutional Buyer (“QIB”) In connection with the purchase or purchases of privately offered securities pursuant to Rule 144A (the “Rule”) under the Securities and Exchange Act of 1933, the above listed client certifies that it is familiar with the Rule. The client also certifies that the information contained in this certification regarding the representations and warrants that it is a QIB as defined by the Rule may be relied upon by Xxxxxxxx when engaging in transactions involving privately offered securities on behalf of the client. The client certifies that it is a QIB per the description(s) selected below: (PLEASE PLACE A CHECK MARK IN THE APPLICABLE BOX(ES))
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Related to PERMISSIBLE SECURITIES

  • Ineligible Securities Securities which may not be underwritten or dealt in by member banks of the Federal Reserve System under Section 16 of the Banking Act of 1933 (12 U.S.C. Section 24, Seventh), as amended.

  • Convertible Securities Any evidences of indebtedness, shares of stock (other than Common Stock) or other securities directly or indirectly convertible into or exchangeable for Additional Shares of Common Stock.

  • Issuance of Convertible Securities If the Company in any manner issues or sells any Convertible Securities, whether or not immediately convertible (other than where the same are issuable upon the exercise of Options) and the price per share for which Common Stock is issuable upon such conversion or exchange is less than the Market Price on the date of issuance, then the maximum total number of shares of Common Stock issuable upon the conversion or exchange of all such Convertible Securities will, as of the date of the issuance of such Convertible Securities, be deemed to be outstanding and to have been issued and sold by the Company for such price per share. For the purposes of the preceding sentence, the "price per share for which Common Stock is issuable upon such conversion or exchange" is determined by dividing (i) the total amount, if any, received or receivable by the Company as consideration for the issuance or sale of all such Convertible Securities, plus the minimum aggregate amount of additional consideration, if any, payable to the Company upon the conversion or exchange thereof at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of shares of Common Stock issuable upon the conversion or exchange of all such Convertible Securities. No further adjustment to the Exercise Price will be made upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.

  • Options and Convertible Securities The consideration per share received by the Company for Additional Shares of Common Stock issued pursuant to Section 3.3(2), relating to Options and Convertible Securities, shall be determined by dividing:

  • Adjustment for Convertible Securities Issue If the Company issues any securities convertible into or exchangeable for Common Stock (other than securities issued in transactions described in subsections (b) and (c) of this Section 11) for a consideration per share of Common Stock initially deliverable upon conversion or exchange of such securities less than the Closing Price per share on the date of issuance of such securities, the number of shares of Common Stock issuable upon exercise of each Warrant shall be adjusted in accordance with this formula: N’ = N x O + D O + P/M where: N’ = the adjusted number of shares of Common Stock issuable upon exercise of each Warrant. N = the current number of shares of Common Stock issuable upon exercise of each Warrant. O = the number of shares outstanding immediately prior to the issuance of such securities. P = the aggregate consideration received for the issuance of such securities. M = the Closing Price per share on the date of issuance of such securities. D = the maximum number of shares deliverable upon conversion or in exchange for such securities at the initial conversion or exchange rate. The adjustment shall be made successively whenever any such issuance is made, and shall become effective immediately after such issuance. If all of the Common Stock deliverable upon conversion or exchange of such securities have not been issued when such securities are no longer outstanding, then the number of shares of Common Stock issuable upon exercise of each Warrant shall promptly be readjusted to what it would have been had the adjustment upon the issuance of such securities been made on the basis of the actual number of shares of Common Stock issued upon conversion or exchange of such securities. This subsection (e) does not apply to:

  • Treatment of Options and Convertible Securities In case the Company at any time or from time to time after the date hereof shall issue, sell, grant or assume any Options or Convertible Securities (both as defined below), then, and in each such case, the maximum number of Additional Shares of Common Stock (as set forth in the instrument relating thereto, without regard to any provisions contained therein for a subsequent adjustment of such number the purpose of which is to protect against dilution) at any time issuable upon the exercise of such Options or, in the case of Convertible Securities and Options therefor, the conversion or exchange of such Convertible Securities, shall be deemed to be Additional Shares of Common Stock issued as of the time of such issue, sale, grant or assumption; PROVIDED, HOWEVER, that such Additional Shares of Common Stock shall not be deemed to have been issued unless the consideration per share (determined pursuant to Section 3.e hereof) of such shares would be less than the greater of the Current Market Price or the Warrant Price in effect on the date of and immediately prior to such issue, sale, grant or assumption, as the case may be; and PROVIDED, FURTHER, that in any such case in which Additional Shares of Common Stock are deemed to be issued:

  • Adjustments for Dividends in Stock or Other Securities or Property If while the Warrants, or any portion thereof, remain outstanding and unexpired, the Holders shall have received, or, on or after the record date fixed for the determination of eligible stockholders, shall have become entitled to receive, without payment therefore, other or additional stock or other securities or property (other than cash) of the Company by way of dividend, then and in each case, the Warrants shall represent the right to acquire, in addition to the number of shares of such class of security receivable upon exercise of the Warrants, and without payment of any additional consideration therefore, the amount of such other or additional stock or other securities or property (other than cash) of the Company that such holder would hold on the date of such exercise had it been the holder of record of the class of security receivable upon exercise of the Warrants on the date hereof and had thereafter, during the period from the date hereof to and including the date of such exercise, retained such shares and/or all other additional stock available by it as aforesaid during said period, giving effect to all adjustments called for during such period by the provisions of this Section 7.

  • Dilution in Case of Other Securities In case any Other Securities shall be issued or sold or shall become subject to issue or sale upon the conversion or exchange of any stock (or Other Securities) of the Company (or any issuer of Other Securities or any other Person referred to in Section 4) or to subscription, purchase or other acquisition pursuant to any Options issued or granted by the Company (or any such other issuer or Person) for a consideration such as to dilute, on a basis consistent with the standards established in the other provisions of this Section 3, the purchase rights granted by this Warrant, then, and in each such case, the computations, adjustments and readjustments provided for in this Section 3 with respect to the Purchase Price and the number of shares purchasable upon Warrant exercise shall be made as nearly as possible in the manner so provided and applied to determine the amount of Other Securities from time to time receivable upon the exercise of the Warrants, so as to protect the holders of the Warrants against the effect of such dilution.

  • Aggregation of Registrable Securities All Registrable Securities held or acquired by Persons who are Affiliates of one another shall be aggregated together for the purpose of determining the availability of any rights under this Agreement.

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