INITIAL AFFILIATE INVESTMENT INSTRUMENTS. (a) All Partnership funds will be invested in the securities of Investment Affiliates (the "Affiliate Investment Instruments") and Eligible Debt Securities. No more than 99% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.
Appears in 11 contracts
Samples: Agreement (Merrill Lynch Preferred Funding I Lp), Agreement (Capita Preferred Trust), Uds Funding Ii Lp
INITIAL AFFILIATE INVESTMENT INSTRUMENTS. (a) All Partnership funds will be invested in the debt securities of Investment Affiliates (the "Affiliate Investment Instruments") and Eligible Debt Securities. No more than 99% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.
Appears in 2 contracts
Samples: Merrill Lynch Preferred Capital Trust Iv, Merrill Lynch Preferred Funding Vi L P
INITIAL AFFILIATE INVESTMENT INSTRUMENTS. (a) _____ All Partnership funds will be invested in the subordinated debt securities of Investment Affiliates (the "Affiliate Investment Instruments") and Eligible Debt Securities. No more than 99__% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Txu Europe Funding I L P
INITIAL AFFILIATE INVESTMENT INSTRUMENTS. (a) All Partnership funds will be invested in the securities of Investment Affiliates (the "Affiliate Investment Instruments") and Eligible Debt Securities. No more than 99% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures Deben- tures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Ultramar Diamond Shamrock Corp
INITIAL AFFILIATE INVESTMENT INSTRUMENTS. (a) All Partnership funds will be invested in the securities subordinated debt securities, including the Initial Debentures, of Investment Affiliates Affiliates, or beneficial interests therein (the "Affiliate Investment Instruments") ), and Eligible Debt Securities. No more than 99% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Texas Utilities Co /Tx/
INITIAL AFFILIATE INVESTMENT INSTRUMENTS. (a) All Partnership funds will be invested in the securities subordinated debt securities, including the Initial Debentures, of Investment Affiliates Affiliates, or beneficial interests therein (the "Affiliate Investment Instruments") ), and Eligible Debt Securities. No more than 99__% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.
Appears in 1 contract
Samples: Txu Europe Funding I L P
