Maturity Structure Sample Clauses
The Maturity Structure clause defines the schedule and terms under which financial obligations, such as loans or bonds, must be repaid. It typically outlines the specific dates or periods when principal and interest payments are due, and may distinguish between short-term and long-term maturities. By clearly setting out the timeline for repayment, this clause helps both parties manage expectations and plan for cash flow, reducing uncertainty and the risk of disputes over payment timing.
Maturity Structure. The targeted average life for the The maturity distribution of the portfolio is a range of 6-13 years. portfolio will be a function of expected liability cash flows, and the term structure of interest rates.
Maturity Structure. The maximum final maturity of any one security will be 13 months; at least 20% of the portfolio will have a maturity of 1 day. Commercial paper will have a maximum maturity of 270 days; repurchase agreements will have a maximum maturity of 7 days. PERMISSIBLE INVESTMENTS Maximum % of Portfolio Special Instructions ------------ -------------------- Asset-Backeds 2(a)7 eligible 50% bond funds only Bankers Acceptances 25% Certificates of Deposit 50% Commercial Paper 100% Euro Time Deposits 50% Funding Agreements - 7 day put 35% Repurchase Agreements (Treasury only) 100% 101% minimum collateralization U.S. Corporate Debt Securities 50% U.S. Treasuries and Agencies 100% Money Market Funds 100% Yankee Debt 25% bond funds only Securities with maturities greater than one year must have a minimum credit rating of "AA" or its equivalent as rated by any nationally recognized statistical rating organizations ("NRSROs") from which it receives a rating. Securities with maturities less than one year must have a minimum credit rating of "A1," "P1" or its equivalent as rated by any NRSROs from which it receives a rating. List of eligible issuers (or, for Asset Backed securities, sponsors) of each type of investment described above must be approved in advance by Denver Investment Advisors ("DIA"). DIVERSIFICATION The maximum amount that any portfolio can invest or hold in the securities of any single issuer, other than U.S. Treasuries and Agencies, is 1.5% of the value of the total assets of the related Fund. All securities must be U.S. dollar denominated. All securities domestic only, except that Euro Time Deposits, Yankee Bankers' Acceptances, Yankee Certificates of Deposit and Yankee Debt (including commercial paper) are permitted for Funds other than Blue Chip Fund but will not aggregate more than 50% of any portfolio. Unless PaineWebber is otherwise notified by DIA, all foreign securities must be held in custody by the relevant Fund's U.S. custodian without the use of a foreign sub-custodian or securities depository. SCHEDULE A (FORM(S) OF BORROWING AGREEMENT) SECURITIES LOAN AGREEMENT (BORROWER) SECURITIES LOAN AGREEMENT dated as of _____________, 199_, by and between PAINEWEBBER INCORPORATED, as agent for the Accounts (in such capacity and not in its individual capacity, PaineWebber Incorporated is hereinafter referred to as "Lender"), and ______________ ("Borrower") setting forth the terms and conditions under which Lender, on behalf of one or more Accounts identifi...
Maturity Structure. All securities shall mature within 24 months from original settlement date - All auction rate securities must reset within 24 months from original settlement date - Average life of the portfolio shall not exceed 12 months - All securities shall be held to maturity VII Safekeeping- all securities firms with whom the company does business must be qualified to safekeep securities on the company's behalf at no charge. The CFO will authorize these firms to hold securities. VIII Investment Policy Review - This policy will be reviewed annually by the CFO to ensure that it remains consistent with the financial objectives of the company and current market conditions. SCHEDULE 5.1 LISTS OF JURISDICTIONS IN WHICH BORROWER AND/GUARANTOR ARE ORGANIZED