Cash Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States of America or issued by any agency thereof and backed by the full faith and credit of the United States of America, in each case maturing within one year from the date of acquisition thereof; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition thereof and, at the time of acquisition, having the highest rating obtainable from either Standard & Poor's Ratings Services or Xxxxx'x Investors Service, Inc.; (iii) marketable commercial paper maturing no more than one year from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor's Ratings Services or at least P-1 or the equivalent thereof by Xxxxx'x Investors Service, Inc.; (iv) demand deposits, time deposits and certificates of deposit maturing within one (1) year from the date of issuance thereof and issued by a bank or trust company organized under the laws of the United States of America or any state thereof and having a long term debt rating by Standard & Poor's Ratings Services of A or higher and (v) any mutual fund that invests solely in any of the items described in clauses (i), (ii), (iii) and (iv) of this paragraph.
Cash Investments means (i) marketable direct obligations (x) issued or unconditionally guaranteed by the United States of America or (y) issued by any agency thereof having a rating of A or higher by Standard & Poor's or A-2 or higher by Moodx'x Xxxestors Service, Inc., in each case maturing within one year from the date of acquisition thereof; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition thereof and, at the time of acquisition, having the highest rating obtainable from either Standard & Poor's Rating Services or Moodx'x Xxxestors Service, Inc.; (iii) marketable commercial paper maturing no more than one year from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor's Rating Services or at least P-1 or the equivalent thereof by Moodx'x Xxxestors Service, Inc.; (iv) demand deposits, time deposits and certificates of deposit maturing within one (1) year from the date of issuance thereof and issued by a Lender or a bank or trust company organized under the laws of the United States of America or any state thereof and having a long term debt rating by Standard & Poor's Rating Services of A or higher; (v) repurchase agreements with a term not exceeding seven days with respect to underlying securities of the types described in clause (I) above entered into with a bank or trust company meeting the qualifications specified in clause (IV) above; and (vi) mutual funds that invest solely in any of the items described above.
Cash Investments means the Cash (including any earnings thereon or proceeds therefrom) the Liquidating Trustee may invest; provided, however, that such investments are investments permitted to be made by a “liquidating trust” within the meaning of Treasury Regulation section 301.7701-4(d), as reflected therein, or under applicable Internal Revenue Service guidelines, rulings or other controlling authorities.
Examples of Cash Investments in a sentence
Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee may invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the written directions of the Company.
On such date, the Company shall also irrevocably deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust) in Temporary Cash Investments, maturing on the last day prior to the Purchase Date or on the Purchase Date if funds are immediately available by open of business, an amount equal to the Offer Amount to be held for payment in accordance with the provisions of this Section.
Except for funds or securities deposited with the Trustee pursuant to Article Four, the Trustee shall be required to invest all moneys received by the Trustee, until used or applied as herein provided, in Temporary Cash Investments in accordance with the directions of the Company.
Pending application of Net Available Cash pursuant to this Section 4.06(a), such Net Available Cash shall be invested in Temporary Cash Investments or applied to temporarily reduce revolving credit indebtedness.
At such time or times as amounts comprising the Cash Investment portion of the Escrow Funds are paid to Company pursuant to Section 4(a) or Section 4(e) of this Escrow Agreement, Escrow Agent shall simultaneously pay to Agent the portion of the Escrow Funds comprising interest and other earnings on the Cash Investments.
More Definitions of Cash Investments
Cash Investments means (i) investments rated at least A-1 by S&P and P-1 by Moody's and which have a maturity of 183 days or less, (ii) short-term government securities having a rating not lower than AAA from S&P or Aaa from Moody's and which have a maturity of 183 days or less and (iii) money-market funds or time deposits with a leading bank in London (in either case not longer than three months in maturity), having a rating not lower than AA from S&P or Aa2 from Moody's;
Cash Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States of America or issued by any agency thereof and backed by the
Cash Investments means (i) marketable direct obligations issued or unconditionally fully guaranteed by the United States of America, issued by any agency of the United States of America and backed by the full faith and credit of the United States of America, in each case maturing within six months from the date of acquisition thereof; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof, in each case maturing within six months from the date of acquisition thereof and, at the time of acquisition, having the highest rating obtainable from either Standard & Poor's or Moodx'x Xxxestors Service, Inc. (the "Rating Agencies"); (iii) repurchase obligations of any of the Lenders or their Affiliates with a term not exceeding seven (7) days with respect to underlying securities of the types described in clause (i) above; (iv) variable rate demand notes backed by letters of credit issued by any of the Lenders or their Affiliates; (v) Eurodollar deposits in any of the Lenders or their Affiliates; (vi) marketable commercial paper maturing no more than six months from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 or the equivalent thereof by Standard & Poor's or at least P-1 or the equivalent thereof by Moodx'x Xxxestors Service, Inc.; and (vii) demand deposits, time deposits and certificates of deposit that are held or issued by a Lender, or are insured by the Federal Deposit Insurance Corporation (the "FDIC") or any successor instrumentality of the federal government of the United States of America up to the applicable limit on insurance granted by the FDIC or such other instrumentality with respect to such instruments (it being understood that the amount invested in such instrument may not exceed the limit on such insurance), maturing within six months from the date of issuance thereof and issued by any Lender or a bank or trust company organized under the laws of the United States of America or any state thereof and having capital, surplus and undivided profits aggregating at least $500 million.
Cash Investments means investments (whether directly or indirectly) in
Cash Investments means investments (whether directly or indirectly) in (i) cash or cash equivalents; (ii) money market instruments, commercial paper or other short-term debt obligations;
Cash Investments means the following which is Borrower's investment policy, as of the Closing Date, except that items (c)(1) and (5) have been modified:
Cash Investments means (a) securities issued or fully guaranteed or insured by the United States Government or any agency thereof and backed by the full faith and credit of the United States having maturities of not more than twenty-four (24) months from the date of acquisition; (b) corporate and bank debt of an issuer rated at least A- (or then equivalent grade, in each case with stable outlook) by S&P and A3 (or then equivalent grade, in each case with stable outlook) by Xxxxx’x at the time of acquisition and having maturities of not more than twenty-four (24) months from the date of acquisition; (c) certificates of deposit, time deposits, Eurodollar time deposits, or bankers’ acceptances, having in each case a tenor of not more than twenty-four (24) months from the date of acquisition, issued by any U.S. commercial bank or any branch or agency of a non-U.S. commercial bank licensed to conduct business in the United States having combined capital and surplus of not less than $500,000,000 whose long term securities are rated at least A- (or then equivalent grade, in each case with stable outlook) by S&P and A3 (or then equivalent grade, in each case with stable outlook) by Xxxxx’x at the time of acquisition; (d) commercial paper of an issuer rated at least A-1 by S&P or P-1 by Xxxxx’x at the time of acquisition, or guaranteed by a letter of credit issued by a financial institution meeting the requirements in (c) and in either case having a tenor of not more than 270 days; (e) taxable and tax-exempt municipal securities rated at least A (or then equivalent grade) by S&P and A2 (or then equivalent grade) by Xxxxx’x, including variable rate municipal securities, having maturities or put rights of not more than twenty-four (24) months from the date of acquisition; (f) repurchase agreements relating to any of the investments listed in clauses (a) through (e) above with a market value at least equal to the consideration paid in connection therewith, with any Person who regularly engages in the business of entering into repurchase agreements and has a combined capital and surplus of not less than $500,000,000 whose long term securities are rated at least A- (or then equivalent grade) by S&P and A3 (or then equivalent grade) by Xxxxx’x at the time of acquisition; (g) asset-backed securities having as the underlying asset securities issued or guaranteed by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association rated at least A- (or then equivalent ...