Structured Securities means any security (i) the payment to a holder of which is linked to a different security, provided that such different security is issued by a different issuer or (ii) structured in such a manner that the credit risk of acquiring the security is primarily related to an entity other than the issuer of the security itself.
Structured Securities means collectively (a) the Subordinated Debt Securities, the Guaranties, the Common Securities and the Preferred Securities of the Southern Union Trusts, all as described and defined in the Registration Statement on Form S-3 filed by the Borrower with the Securities and Exchange Commission on March 25, 1995, and (b) subordinated debt securities, guaranties, common securities and/or preferred securities hereafter issued in connection with the consummation of the Pending Acquisitions in an aggregate face amount of not more than $150,000,000 upon terms and conditions substantially similar in all material respects to the terms and conditions described and defined in such Registration Statement on Form S-3 filed by the Borrower with the Securities and Exchange Commission on March 25, 1995. For all purposes of this Agreement, the amounts payable by Southern Union Trusts under the Preferred Securities and Common Securities (or similar securities provided for under subclause (b) above) and the amounts payable by the Borrower under the Subordinated Debt Securities or the Guaranties (or similar securities provided for under subclause (b) above) shall be treated without duplication, it being recognized that the amounts payable by Southern Union Trusts are funded with payments made or to be made by the Borrower to Southern Union Trusts and are also guaranteed by the Borrower under the Guaranties described in the S-3 mentioned above (or similar guaranties provided for under subclause (b) above).
Structured Securities means, collectively, the following: (a) the Existing Structured Securities; and (b) (i) any other Junior Subordinated Debentures, (ii) the common securities issued by TOPS Trusts to the Borrower in connection with such other Junior Subordinated Debentures, (iii) the trust preferred securities issued by TOPS Trusts in connection with such other Junior Subordinated Debentures and having substantially similar terms as such Junior Subordinated Debentures and (iv) any guarantee executed and delivered by the Borrower with respect to such trust preferred securities, in each case with respect to the foregoing in clause (b) above, all reasonably acceptable to the Administrative Agent and as the same may be further amended, amended and restated, supplemented or otherwise modified from time to time in accordance with Section 6.13(b).
Examples of Structured Securities in a sentence
Excludes Structured Securities where we have resecuritized our PCs and Structured Securities.
Includes PCs, Structured Securities and tax-exempt multifamily housing revenue bonds for which we provide a guarantee, as well as credit-related commitments with respect to single-family mortgage loans held by third parties.
Freddie Mac mortgage-related securities include PCs, REMICs and Other Structured Securities and Other Guarantee Transactions.
Total mortgage portfolio (Table 1) is defined as total guaranteed PCs and Structured Securities issued (Table 4) plus the sum of mortgage loans (Table 3) and non-Freddie Mac mortgage-related securities (agency and non-agency) (Table 3).
These resecuritized securities do not increase our credit-related exposure and consist of single-class Structured Securities backed by PCs, Real Estate Mortgage Investment Conduits (REMICs) and principal-only strips.
More Definitions of Structured Securities
Structured Securities means asset-backed securities that have been divided into 2 or more classes where the payment of interest on or principal of any class of the securities has been allocated in a manner that may not be directly proportional to interest or principal received by the issuer of the securities on the underlying assets.
Structured Securities means any security (i) the payment to a holder of which is linked to a different security, provided that such different security is issued by a different issuer or (ii) structured in such a manner that the credit risk of acquiring the security is primarily related to an entity other than the issuer of the security itself. APPENDIX B PRICING -------------------------------------------------------------------------------- FIRST TRUST ENERGY INCOME AND GROWTH FUND -------------------------------------------------------------------------------- BNP PARIBAS PRIME BROKERAGE INTERNATIONAL, LTD. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- FINANCING RATES -------------------------------------------------------------------------------- CUSTOMER DEBIT RATE (applicable to the Outstanding Debit Floating Rate Financing) 1 Month LIBOR + 70 bps per annum on the drawn amount ISO CODE USD 1ST 10-YEAR FIXED RATE Fixed Base Rate + Liquidity Premium, where Fixed Base Rate = 267.97 bps Liquidity Premium = 70 bps 2ND Fixed Base Rate + Liquidity Premium, where Fixed Base Rate = 268.13 bps Liquidity Premium = 70 bps -------------------------------------------------------------------------------- ARRANGEMENT FEE -------------------------------------------------------------------------------- Customer shall pay an arrangement fee equal to the product of the Additional Fixed Rate Financing Amount and 10 bps upon execution, to be paid on the Closing Date. -------------------------------------------------------------------------------- COMMITMENT FEE -------------------------------------------------------------------------------- Customer shall pay a commitment fee equal to 80 bps per annum on the amount of undrawn Floating Rate Financing Amount, to be paid when the amounts calculated under the Financing Rates section above are due. -------------------------------------------------------------------------------- BREAKAGE FEE -------------------------------------------------------------------------------- Upon the occurrence of a Fixed Rate Financing Prepayment Event, Customer and PBL shall, in good faith and a commercially reasonable manner, jointly determine a Breakage Fee equal to the cost (or benefit) of entering into a replacement swap rate transaction to offset the Interest Rate Hedging Transaction as follows:
Structured Securities. Collateralized mortgage obligations and other mortgage-backed securities.
Structured Securities means collectively the Subordi- --------------------- nated Debt Securities, the Guaranties, the Common Securities and the Preferred Securities of the Southern Union Trusts, all as described and defined in the Registration Statement on Form S-3 filed by the Borrower with the Securities and Exchange Commission on March 25, 1995. For all purposes of this Agreement, the amounts payable by Southern Union Trusts under the Preferred Securities and Common Securities and the amounts payable by the Borrower under the Subordinated Debt Securities or the Guaranties shall be treated without duplication, it being recognized that the amounts payable by Southern Union Trusts are funded with pay- ments made or to be made by the Borrower to Southern Union Trusts and are also guaranteed by the Borrower under the Guaranties described in the S-3 mentioned above.
Structured Securities means collateralized mortgage obligations and other mortgage-backed securities.
Structured Securities means collateralized mortgage obligations and other MBSs.
Structured Securities means any Securities where the Share Sub-Annex, Depositary Receipt Sub-Annex, ETF Sub-Annex, Index Sub-Annex, SGI Index Sub-Annex, Fund Technical Annex, Commodities Technical Annex, Inflation Technical Annex, Foreign Exchange Rate Technical Annex, Reference Rate Technical Annex or a combination of these elections is specified in the Offering Circular Supplement. For the purposes of these Additional Conditions for Structured Securities: