Invested Assets Sample Clauses
The "Invested Assets" clause defines which assets are considered as having been invested under the terms of the agreement. Typically, this clause specifies the types of assets—such as cash, securities, or property—that are included, and may outline how these assets are managed, valued, or reported. By clearly identifying what constitutes an invested asset, the clause ensures both parties have a mutual understanding of the assets subject to the agreement, thereby reducing ambiguity and potential disputes regarding asset inclusion or management.
Invested Assets. Invested Assets" shall mean the Book Value of all the Real Estate Investments of the Trust.
Invested Assets. U.S. Government securities, with a carrying value of $401,004 and $401,343 at December 31, 2009 and 2008, respectively, were on deposit with government agencies as prescribed by law in the State of Michigan. The cost/amortized cost and estimated fair values of investment securities at December 31, 2009, are as follows: Bonds: U.S. Treasury securities and obligations of U.S. Government corporations and agencies $ 2,175,539 $ 77,530 $ 2,450 $ 2,250,619 States and political subdivisions 9,550,201 367,924 25,129 9,892,996 Special revenue 24,936,602 696,693 93,703 25,539,592 Industrial and miscellaneous 17,242,179 504,407 140,102 17,606,484 Total fixed maturities 53,904,521 1,646,554 261,384 55,289,691 Common stocks 7,361,092 779,708 346,960 7,793,840 Total $ 61,265,613 $ 2,426,262 $ 608,344 $ 63,083,531 The cost/amortized cost and estimated fair values of investment securities at December 31, 2008, are as follows: Bonds: U.S. Treasury securities and obligations of U.S. Government corporations and agencies $ 1,083,531 $ 83,286 $ — $ 1,166,817 States and political subdivisions 10,178,185 149,961 148,703 10,179,443 Special revenue 15,590,201 294,100 337,223 15,547,078 Public utility 796,933 10,965 4,139 803,759 Industrial and miscellaneous 19,759,849 349,816 1,202,087 18,907,578 Total fixed maturities 47,408,699 888,128 1,692,152 46,604,675 Common stocks 7,015,828 135,638 1,407,999 5,743,467 Total $ 54,424,527 $ 1,023,766 $ 3,100,151 $ 52,348,142 At December 31, 2009, the Company has two bonds with a market value of $560,245 and an amortized cost of $549,536 with NAIC ratings of three or higher. These bonds are carried at the lower of cost or market of $542,120, resulting in a reduction to the carrying value of fixed maturities of $7,416, and is reflected in surplus as unrealized loss, net of tax. Maturities of fixed maturity investment securities as of December 31, 2009, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Due in one year or less $ 1,304,728 $ 1,319,734 Due after one year through five years 21,554,484 22,456,312 Due after five years through ten years 14,160,137 14,392,755 Due after ten years 2,695,752 2,710,981 Mortgage-backed securities 14,189,420 14,409,909 Total $ 53,904,521 $ 55,289,691 Net investment income at December 31, 2009 and 2008, consists of the following: Investment income: Bonds $ 2,090,737 $ 2,14...
Invested Assets. The Guarantor shall not permit Invested Assets of the Guarantor and its Primary Insurance Subsidiaries consisting of notes, bonds and other obligations classified as bonds which bear NAIC Ratings from three to six, both inclusive, to exceed 5.5% of Net Invested Assets.
Invested Assets. Investment Manager agrees to provide continuous investment management services with respect to assets placed with Investment Manager by Client. Such assets, as changed by investment, reinvestment, additions, disbursements and withdrawals, are referred to in this Agreement as the “Invested Assets.”
Invested Assets. The Borrower will maintain 100% of its invested assets in instruments having a rating from ▇▇▇▇▇'▇ Investors Service or Standard & Poors Ratings Group of investment grade or higher.
Invested Assets. 9.9.1 Seven days before Completion the Seller shall provide the Buyer with a list of the Invested Assets in which the Target Subsidiary has a beneficial interest. The list shall include details of the issuer, the relevant security, its CUSIP, its nominal value, its credit ratings by the Credit Raters as at the date of the list, and such other information as the Seller shall reasonably require.
9.9.2 The Seller shall procure that on the Completion Date the Target Subsidiary does not have a beneficial interest in any Invested Asset which has a rating of below BBB- by Standard & Poor's a division of the McGraw-Hill Companies and Baa3 by Moody's Investors Services, Inc (▇▇▇▇▇▇er the "CREDIT RATERS") .