Corporate Bonds. The purchases of corporate bonds will include bonds, notes, debentures and other evidences of indebtedness issued, assumed or guaranteed by a corporation incorporated under the laws of the United States of America, of any state, district or territorial possession thereof or of the Dominion of Canada or any province thereof; provided that the bonds are rated class 1 or 2 by the Securities Valuation Office ("SVO") of the National Association of Insurance Commissioners ("NAIC").
Corporate Bonds. Corporate bonds are issued by compa- xxxx and are used to finance capital improvements, operat- ing expenses, growth and development, etc. Interest on corporate bonds is fully taxable, and they have higher yields and more risk than government bonds. There is usually a high minimum investment required to purchase bonds of individual companies.
Corporate Bonds. There has been no relevant transaction to which section 117(8) of TCGA can apply to a corporate bond held by any Company.
Corporate Bonds. (a) During the period starting on the Original Agreement Date and ending on May 3, 2019, Sellers shall use commercially reasonable efforts to obtain such Consents required to release the Total Shares from the Encumbrance created pursuant to the Collateral Trust Agreement. During the same period, Buyer shall reasonably cooperate with Sellers with respect to the foregoing. Notwithstanding the foregoing, no amendments of the terms of the Corporate Bonds or related documentation, other than the removal of the Encumbrance created pursuant to the Collateral Trust Agreement, shall be made without the consent of Buyer (such consent to be provided by Buyer in its sole discretion).
(b) If all Encumbrances on the Total Shares have not been eliminated by April 1, 2019, then:
(i) first, Sellers shall promptly notify Buyer of such failure to eliminate all Encumbrances on the Total Shares;
(ii) second, upon such notification, Buyer shall cause the Company to promptly initiate the Corporate Bonds prepayment process;
(iii) third, as soon as practicable thereafter, the Company shall hold a meeting of its board of directors (the “Board”), wherein both Sellers and Buyer shall propose financing options for the amount of cash equal to the principal payment owed under the Corporate Bonds. At such meeting, the Board shall select the financing option that is most favorable to the Company (the “Loan”).
(iv) fourth, on June 3, 2019, Buyer shall cause the Company to (x) use the Loan to pay off the principal amount owed under the Corporate Bonds and (y) pay off any amounts owed for accrued interest or breakage costs under the Corporate Bonds;
(v) fifth, promptly thereafter, Sellers shall deliver to Buyer by wire transfer of immediately available funds to an account designated in writing by Buyer, an amount equal to eighty percent (80%) of the aggregate payment made by the Company in connection with the breakage costs set forth in 5.15(b)(iv)(y); and
(vi) sixth, promptly following the removal of the Encumbrance created pursuant to the Collateral Trust Agreement (and any and all other Encumbrances), Sellers shall deposit (or cause to be deposited) with the Escrow Agent physical stock certificates of Sellers’ Retained Shares having a value equivalent to the value of the custody rights in the Shareholding Interests in favor of Buyer as shown in the Trustee’s records as of immediately prior to such removal, calculated based on the value of the Sellers’ Retained Shares implied by the Closin...
Corporate Bonds. Non-convertible corporate bonds (excluding corporate bonds issued by a Pledgor) which are publicly traded on a nationally recognised exchange, eligible to be settled by the Depository Trust Company and rated at least AA- (or AA- equivalent) from S&P ("Collateral Type 5") (subject to these bonds not exceeding 25% of the total collateral pool after haircuts and subject further to any bonds issued by a single issuer not exceeding 10% of the total collateral pool after haircuts) with maturities of: - weighted average life of less than 5 years 90.0% - weighted average life of greater than or equal to 5 years but less or equal to than 10 years 90.0% - weighted average life of greater than or equal to 11 years but less or equal to 20 years 85.0% To: ING BANK N.V., LONDON BRANCH as Bank From: XL INSURANCE (BERMUDA) LTD Date: [●] 201[●]
Corporate Bonds. The percentage determined by reference to the type of corporate bond in accordance with the table set forth below. Type I Corporate Bonds with remaining maturities of: less than or equal to 2 years 1.16 greater than 2 years, but less than or equal to 4 years 1.26 greater than 4 years, but less than or equal to 7 years 1.40 greater than 7 years, but less than or equal to 12 years 1.44 greater than 12 years, but less than or equal to 25 years 1.48 greater than 25 years, but less than or equal to 30 years 1.52 Type II Corporate Bonds with remaining maturities of: less than or equal to 2 years 1.25 greater than 2 years, but less than or equal to 4 years 1.26 greater than 4 years, but less than or equal to 7 years 1.43 greater than 7 years, but less than or equal to 12 years 1.44 greater than 12 years, but less than or equal to 25 years 1.51 greater than 25 years, but less than or equal to 30 years 1.56 Type III Corporate Bonds with remaining maturities of: less than or equal to 2 years 1.25 greater than 2 years, but less than or equal to 4 years 1.29 greater than 4 years, but less than or equal to 7 years 1.46 greater than 7 years, but less than or equal to 12 years 1.50 greater than 12 years, but less than or equal to 25 years 1.55 greater than 25 years, but less than or equal to 30 years 1.60
Corporate Bonds. The percentage determined by reference to the type and remaining term to maturity of each corporate bond in accordance with the table set forth below.
Corporate Bonds. The Fund may invest in corporate bonds. Corporate bonds are subject to the risk of the issuer’s inability to meet principal and interest payments on the obligation and may also be subject to price volatility due to such factors as interest rate sensitivity, market perception of the creditworthiness of the issuer and general market liquidity. When interest rates decline, the value of the Fund’s corporate bonds can be expected to rise, and when interest rates rise, the value of those securities can be expected to decline. Bonds with longer maturities tend to be more sensitive to interest rate movements than those with shorter maturities. Many such bonds are unsecured, which makes them less likely to be fully repaid in the event of a bankruptcy.
Corporate Bonds debt securities issued by commercial real estate operating or finance companies which may be secured by the company’s assets or may not provide for any security, including: · investment grade corporate bonds, · below investment grade corporate bonds, and · unrated corporate bonds. Target Assets may also include the following types of loans and debt investments relating to residential real estate:
Corporate Bonds. A. The Company will compensate the sales advisor on a commission basis, as described in Exhibit A attached to this and incorporated in this case by reference. This compensation may be amended by mutual agreement of the Parties.
B. The company will review all orders for services submitted by the sales advisor. The Company reserves the right to reject, for any reason or for no reason, any customer order requested by the sales advisor.
