Examples of Portfolio Calculation in a sentence
For so long as any shares of Cumulative Preferred Stock are outstanding, the Corporation shall maintain, on each Valuation Date, a Portfolio Calculation at least equal to the Basic Maintenance Amount, each as of such Valuation Date.
Upon any failure to maintain the required Portfolio Calculation, the Corporation shall use its best efforts to reattain a Portfolio Calculation at least equal to the Basic Maintenance Amount on or prior to the Basic Maintenance Amount Cure Date, by altering the composition of its portfolio or otherwise.
In determining the Portfolio Calculation, the Corporation shall use the Moody's Discount Factor applicable to the loaned securities rather than the Moody's Discount Factor applicable to the collateral.
A failure by the Corporation to deliver a Basic Maintenance Report under this paragraph 5(a)(ii)(B) shall be deemed to be delivery of a Basic Maintenance Report indicating a Portfolio Calculation less than the Basic Maintenance Amount, as of the relevant Valuation Date.
The Corporation shall deliver an Officers' Certificate to the Auction Agent as of the last Business Day of each week certifying, to the best knowledge of the Officers signing such Officers' Certificate, the Portfolio Calculation as of such Business Day and the Basic Maintenance Amount as of such Business Day.
A failure by the Corporation to deliver a Portfolio Valuation Report under this paragraph 6(a)(ii) shall be deemed to be delivery of a Portfolio Valuation Report indicating a Portfolio Calculation less than the Basic Maintenance Amount, as of the relevant Valuation Date.
Following the giving of a Notice of Redemption with respect to a redemption of shares of Preferred Stock pursuant to paragraph 4(a), (A) such shares of Preferred Stock and (B) Deposit Securities identified by the Corporation and having an initial combined value sufficient to effect the redemption of such shares shall thereafter be excluded from the calculation of the Basic Maintenance Amount, the Portfolio Calculation, and the 1940 Act Asset Coverage.
The Corporation shall deliver an Officer's Certificate to the Notice Agent and the Trustee as of the last Business Day of each week certifying that, to the best knowledge of the officers signing such Officer's Certificate, the Portfolio Calculation as of such Business Day is at least equal to the Basic Maintenance Amount.
At any time that the Note is outstanding on or before 5:00 P.M., Boston time, on the last Business Day of the last full week of each calendar quarter (commencing March 25, 1994), the Fund shall deliver to Holder by mail, telecopy, telex or other electronic transcription, an Officers' report stating, as of such last Business Day, to the best knowledge of the Officers signing such Officers' report, the Portfolio Calculation and the Note Basic Maintenance Amount each as of such last Business Day.
The Deposit Securities deposited with the Paying Agent pursuant to the immediately preceding sentence and the shares of Preferred Stock to be redeemed shall be excluded from the calculation of the Basic Maintenance Amount and the Portfolio Calculation.