Institutional Holder. An insurance company whose long-term debt is rated at least A- (or equivalent rating) by a Rating Agency, or an equivalent rating from any other nationally recognized statistical rating organization.

Examples of Institutional Holder in a sentence

Any visitation shall be at the sole expense of such Institutional Holder, unless a Default or Event of Default shall have occurred and be continuing or the Holder of any Note or of any other evidence of Indebtedness of the Company or any Consolidated Subsidiary gives any written notice or takes any other action with respect to a claimed default, in which case, any such visitation or inspection shall be at the sole expense of the Company.
At any time and from time to time the Holder of any Note may transfer such Note to another Institutional Holder upon surrender thereof at the principal office of the Company duly endorsed or accompanied by a written instrument of transfer duly executed by the Holder of such Note or its attorney duly authorized in writing.
With reasonable promptness, such other data and information as you or any such Institutional Holder may reasonably request.
With reasonable promptness, such other data and information as any Holder or any such Institutional Holder may reasonably request.
Section 53 of the VAT Act.The term “deceased/insolvent person” is used to distinguish between the activities and status of:• The natural person before the date of death or sequestration; and• The estate of that natural person on or after the date of death or sequestration which is administered by the administrator.

More Definitions of Institutional Holder

Institutional Holder means any of the following Persons: (a) any bank, savings and loan association, savings institution, trust company or national banking association, acting for its own account or in a fiduciary capacity, (b) any charitable foundation, (c) any insurance company, (d) any fraternal benefit society, (e) any pension, retirement or profit sharing trust or fund within the meaning of Title I of ERISA or for which any bank, trust company, national banking association or investment adviser registered under the Investment Advisers Act of 1940, as amended, is acting as trustee or agent, (f) any investment company or business development company, as defined in the Investment Company Act of 1940, as amended, (g) any small business investment company licensed under the Small Business Investment Act of 1958, as amended, (h) any broker or dealer registered under the Securities Exchange Act of 1934, as amended, or any investment adviser registered under the Investment Adviser Act of 1940, as amended, (i) any government, any public employees' pension or retirement system, or any other government agency supervising the investment of public funds, (j) any other entity all of the equity owners of which are Institutional Holders or (k) any other Person which may be within the definition of "qualified institutional buyer" as such term is used in Rule 144A, as from time to time in effect, promulgated under the Securities Act of 1933, as amended.

Institutional Holder means any insurance company, bank, savings and loan association, trust company, investment company, charitable foundation, employee benefit plan (as defined in ERISA) or other institutional investor or financial institution. The text of the Series Q Bonds and of the Trustee’s or Company’s Certificate, as applicable, with respect thereto shall be respectively substantially of the tenor and purport set forth in Exhibit B to the 2018 Series Q BPA. The Series Q Bonds shall be numbered in such manner or by such method as shall be satisfactory to the Trustee. The issue of bonds of Series Q hereunder is hereby limited to the $30,000,000 in aggregate principal amount of Series Q Bonds initially issued as provided in Section 1.08 hereof and to Series Q Bonds issued in exchange or substitution for outstanding Series Q Bonds under the provisions of Sections 2.08, 2.10, 2.11 and 7.05 of the Indenture and Section 1.07 hereof. From and after the Collateral Release Date (as such term is defined in the 2018 Series Q BPA), (i) the Series Q Bonds shall be governed solely by the terms of the 2018 Series Q BPA, (ii) this Fifteenth Supplemental Indenture and the estate and rights hereby granted shall cease and terminate, and (iii) the lien of the Indenture shall be cancelled, discharged, and released.

Institutional Holder means an institutional investor, and its Institutional Holder Affiliates, as described on Schedule A hereto.