Examples of Permitted Investment in a sentence
The Plan is intended to insure that any Deposit or Permitted Investment matures within the time period that approximates the prospective need for the funds deposited or invested so that there is not a risk to the market value of such Deposits or Permitted Investments.
All income and gain realized from any Permitted Investment in the Note Collection Account shall be remitted to the Issuer on each Payment Date.
No Permitted Investment shall be disposed of prior to its maturity.
All income and gain realized from any Permitted Investment shall be retained by the Global Agent on each Payment Date.
The District hereby covenants that it will record or cause to be recorded with respect to each Permitted Investment in the Building Fund the following information: purchase date; purchase price; information establishing the Fair Market Value of such Permitted Investment; face amount; coupon rate; periodicity of interest payments; disposition price; disposition date; and any accrued interest received upon disposition.