Single Issuer Limits Sample Clauses

Single Issuer Limits. Exposure to single issuers is limited to protect against the risk of concentrated exposure to any one entity. • Limit: 3% of admitted assets per single issuer (or pool of assets, in the case of ABS), except for RMBS/CMBS. • RMBS/CBMS Limit: 5% of admitted assets per pool of assets. • Mortgage Loans: 2% of legal reserve in any single parcel of property. • Miscellaneous Investment Bucket: 3% per single issuer. Single Issuer Limit by Rating: • NAIC 3: 1% of admitted assets • NAIC 4-6: 0.5% of admitted assets
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Single Issuer Limits. No more than 5% of the AEM Allocation may be invested in Investment Grade securities of a single issuer. • No more than 3% of the AEM Allocation may be invested in HY Securities of a single issuer.
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Single Issuer Limits. Except as otherwise set forth in these Investment Guidelines, investments in any single issuer shall not exceed the Single Issuer Limits set forth below in Table A1, A2 and A3 as a percent of the Trust Portfolio. For the avoidance of doubt, no single issuer limit shall apply to (1) obligations issued, assumed or guaranteed by the U.S. government1 or (2) cash and cash equivalents, including, without limitation, funds classified by the NAIC as “Class 1” or “U.S. Direct Obligations/Full Faith & Credit Exempt” Funds. Table C1: Single Issuer Credit Limits for Public Corporate Bonds, Private Placements, and Commercial Mortgage Loans* * Single Issuer Credit Limits shall be applied at the ultimate parent level, calculated using Ratings-Adjusted Book Values for each CUSIP level holding aggregated at the ultimate parent level. NRSRO Rating Limit* AAA/AA Rated 1.55% A Rated 1.45% BBB Rated 0.76% BB Rated 0.24% B+/B Rated .19% B- and Below .16% Table C2: Single Issuer Limits for Securitized Assets and Alternative Assets* NAIC Rating Limit* NAIC 1 1.45% NAIC 2 0.76% NAIC 3 0.24% NAIC 4, 5 & 6 0.16% Unrated Alternative Assets 0.50% *Limits to be applied at the CUSIP level Table C3: Commercial Paper and CDs Single Issuer Limits** Rating Limit2 A1/P1 $55,000,000 A2/P2 $39,000,00 **CP is not aggregated into limits on Table A1
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Single Issuer Limits. Except as otherwise set forth in these Investment Guidelines, investments in any single issuer shall not exceed the Single Issuer Limits set forth below in Table A1, A2 and A3 as a percent of the Trust Portfolio. For the avoidance of doubt, no single issuer limit shall apply to (1) obligations issued, assumed or guaranteed by the U.S. government1 or (2) cash and cash equivalents, including, without limitation, funds classified by the NAIC as “Class 1” or “U.S. Direct Obligations/Full Faith & Credit Exempt” Funds.
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Single Issuer Limits. The Debt Service Coverage Account may invest without limitation in debt obligations issued or guaranteed by the U.S. Government and U.S. Government-related entities. Maximum permitted debt exposure to any other single issuer may not exceed 3% of the amount of the Debt Service Coverage Account. Separate Accounts No transactions may be effected with separate accounts sponsored by MONY Life or MONY Group or any of its affiliates. Transactions With Affiliates All transactions related to investment management or asset sales and purchases between MONY Life, MONY Holdings or MONY Group and their affiliates, for the purposes of this document, shall be on an arms-length basis. Asset Manager Selection Assets will be managed by one or more affiliates of MONY Group or third party investment managers for a negotiated, market-based fee at the discretion of the Company. Annex B to Investment Management Agreement Investment Expense Schedule (Applicable to Closed Block Assets, Surplus and Related Assets and Debt Service Coverage Account Assets on an annual basis)
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Single Issuer Limits. The Debt Service Coverage Account may invest without limitation in debt obligations issued or guaranteed by the U.S. Government and U.S. Government-related entities. Maximum permitted debt exposure to any other single issuer may not exceed 3% of the amount of the Debt Service Coverage Account. Separate Accounts No transactions may be effected with separate accounts sponsored by MONY Life or MONY Group or any of its affiliates. Transactions With Affiliates All transactions related to investment management or asset sales and purchases between MONY Life, MONY Holdings or MONY Group and their affiliates, for the purposes of this document, shall be on an arms-length basis. Asset Manager Selection Assets will be managed by one or more affiliates of MONY Group or third party investment managers for a negotiated, market-based fee at the discretion of the Company. Exhibit F Closed Block Business Administrative Payments To be paid annually from the Closed Block Business (but not the Closed Block) within MONY Life to the Ongoing Businesses within MONY Life: $60 Per Policy (which for these purposes as a separate Policy includes, but is not limited to, each traditional participating individual life insurance policy, joint and last survivor whole life policy, term life insurance policy, retirement annuity contract, policy or contract in ETI or RPU status, paid-up policy, rider or contract, and supplementary benefit, rider or contract) plus 12% of annual Policy Premium Per Policy (which for these purposes as a separate Policy includes, but is not limited to, each traditional participating individual life insurance policy, joint and last survivor whole life policy, term life insurance policy, retirement annuity contract, policy or contract in ETI or RPU status, paid-up policy, rider or contract, and supplementary benefit, rider or contract) expense factor to increase by 3% on an annual basis. Exhibit G Expenses of the Company Attributable to the Closed Block Business to be Paid from the Debt Service Coverage Account [in $ per annum] Bank fees Trustee/Issuing and Paying Agent Accounting Services chargeback Rating Agency Fee expenses Administrative services expenses Audit Fees Legal fees and chargebacks Estimated Total: $____ Such expenses will not exceed $250,000 in 2002, such limit to be increased by 5% per annum. This limit is not applicable to investment management-related or Swap-related expenses associated with the DSCA-Subaccount CBB or to Administrative Payments inc...
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Related to Single Issuer Limits

  • Excess Nonrecourse Liability Safe Harbor Pursuant to Section 1.752-3(a)(3) of the Regulations, solely for purposes of determining each Partner’s proportionate share of the “excess nonrecourse liabilities” of the Partnership (as defined in Section 1.752-3(a)(3) of the Regulations), the Partners’ respective interests in Partnership profits shall be determined under any permissible method reasonably determined by the General Partner; provided, however, that each Partner who has contributed an asset to the Partnership shall be allocated, to the extent possible, a share of “excess nonrecourse liabilities” of the Partnership which results in such Partner being allocated nonrecourse liabilities in an amount which is at least equal to the amount of income pursuant to Section 704(c) of the Code and the Regulations promulgated thereunder (the “Liability Shortfall”). If there is an insufficient amount of nonrecourse liabilities to allocate to each Partner an amount of nonrecourse liabilities equal to the Liability Shortfall, then an amount of nonrecourse liabilities in proportion to, and to the extent of, the Liability Shortfall shall be allocated to each Partner.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • SECURITYHOLDERS LISTS AND REPORTS BY THE ISSUER AND THE TRUSTEE Section 4.01. Issuer to Furnish Trustee Information as to Names and Addresses of Securityholders...................................28 Section 4.02. Preservation and Disclosure of Securityholders Lists...........28 Section 4.03. Reports by the Issuer..........................................28 Section 4.04. Reports by the Trustee.........................................28

  • Closing Date Balance Sheet The Buyer shall cause the Company to provide Sellers' Accountants with full and complete access to the books and records of the Company and to otherwise cooperate with and assist Sellers' Accountants in the preparation of the Closing Date Balance Sheet. Unless Buyer, within thirty (30) days after delivery of the Closing Date Balance Sheet, notifies Sellers' Representative in writing that Buyer objects to the determination of the Closing Date Stockholders' Equity, as reflected on the Closing Date Balance Sheet, and specifies the basis for such objection, which objection shall not include any dispute relating to or arising out of the Environmental Remediation Accrual or the Deferred Compensation Accrual, and the amount or amounts in dispute, the Closing Date Balance Sheet shall become final and binding upon the parties for purposes of this Agreement as of the day following the end of such thirty (30) day period, which shall be the Closing Date Balance Sheet Determination Date. If Buyer notifies Sellers' Representative of its objection, and if Sellers and Buyer, together with their respective advisors, are unable to resolve any such objections within fifteen (15) days after any such notice has been given, the dispute shall be submitted to the Accounting Firm, which shall be instructed to resolve the dispute expeditiously. The Accounting Firm shall make a final binding determination as to the matter or matters in dispute, and the date of such determination shall be the Closing Date Balance Sheet Determination Date. Buyer agrees to cooperate, and agrees to cause the Company to cooperate, with Sellers (and Sellers' authorized representatives), and Sellers agree to cooperate with Buyer and the Company (and their respective authorized representatives), in order to resolve any and all matters in dispute as soon as reasonably possible. The Sellers shall pay the fees, costs and expenses of the Sellers Accountants. Buyer shall pay the fees, costs and expenses of the Accounting Firm, unless the difference between (x) the proposed Closing Date Stockholders' Equity included on the Closing Date Balance Sheet delivered by the Sellers and (y) the determination by the Accounting Firm of the Closing Date Stockholders' Equity results in a reduction to the Purchase Price under Section 3.3.2 hereof, in which case the fees, costs and expenses of the Accounting Firm shall be paid by the Sellers.

  • Return of Contribution Nonrecourse to Other Members Except as provided by law, upon dissolution, each member shall look solely to the assets of the Company for the return of the member's capital contribution. If the Company property remaining after the payment or discharge of the Company's debts and liabilities is insufficient to return the cash contribution of one or more members, such member or members shall have no recourse against any other member or the Board.

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