Maturity Structure Sample Clauses

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.
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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
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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...
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Related to Maturity Structure

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Maturity of Investments Any Permitted Investments of funds in the Bank Accounts (or any reinvestments of the Permitted Investments) for a Collection Period must mature, if applicable, and be available no later than the Business Day before the related Payment Date. However, funds in the Reserve Account may be invested in Permitted Investments that will not mature or be available before the related Payment Date if the Rating Agency Condition has been satisfied for the investment. Any Permitted Investments with a maturity date will be held to their maturity, except that such Permitted Investments may be sold or disposed of before their maturity (i) if they relate to funds in the Reserve Account required to satisfy the Reserve Account Draw Amount on a Payment Date or (ii) in connection with the sale or liquidation of the Collateral following an Event of Default under Section 5.6 of the Indenture.

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

  • Maturity Dates Unless previously terminated in accordance with the terms of this Agreement, the Commitments shall terminate on the Maturity Date.

  • Extension of Maturity Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

  • Final Maturity Date 23 Fitch.........................................................................................23

  • Post-Maturity Interest Any principal payments on the Loan not paid when due and, to the extent permitted by applicable law, any interest payment on the Loan not paid when due, in each case whether at Stated Maturity, by notice of prepayment, by acceleration or otherwise, shall thereafter bear interest payable upon demand at a rate of interest otherwise payable under this Agreement for the Loan but in no event to exceed the maximum interest rate permitted by applicable law.

  • Post-Maturity Rates After the date any principal amount of any Loan is due and payable (whether on the Revolving Commitment Termination Date, upon acceleration or otherwise), or after any other monetary Obligation of the Borrower shall have become due and payable, the Borrower shall pay, but only to the extent permitted by law, interest (after as well as before judgment) on such amounts at a rate per annum equal to the Base Rate plus a margin of 2.00%.

  • Acceleration of Maturity; Rescission and Annulment If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Securities of that series may declare the principal amount (or, if any of the Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified in the terms thereof) of all of the Securities of that series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. At any time after such a declaration of acceleration with respect to Securities of any series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if

  • Acceleration of Maturity Date; Rescission and Annulment If an Event of Default with respect to Securities of any series at the time Outstanding occurs and is continuing (other than an Event of Default specified in Section 8.1(v) or Section 8.1(vi)), then in every such case, unless the principal of the Outstanding Securities of that series shall have already become due and payable, either the Trustee or the Holders of at least 25% in aggregate principal amount of the Outstanding Securities of that series, by notice in writing to the Company specifying the respective Event of Default (and to the Trustee if given by Holders) (an “Acceleration Notice”), may declare all principal, determined as set forth below, and accrued interest on such series (or, if the Securities of that series are Original Issue Discount Securities, such portion of the principal amount as may be specified in, or determined in accordance with, the terms of that series) to be due and payable immediately. If an Event of Default specified in Section 8.1(v) or Section 8.1(vi) occurs, all principal and accrued interest on such series (or, in the case of any Security of that series which specifies an amount to be due and payable thereon upon acceleration of the Maturity thereof, such amount as may be specified by the terms thereof) will be immediately due and payable on all Outstanding Securities of that series without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in aggregate principal amount of the Outstanding Securities of any series, by written notice to the Trustee, may rescind and annul any acceleration and its consequences with respect to the Securities of that series so long as (a) such rescission occurs before a judgment or decree is entered based on such acceleration and (b) all existing Events of Default, other than the non-payment of the principal of, premium, if any, and interest, if any, on all Securities of that series that have become due solely because of the acceleration, have been cured or waived as provided in Section 8.12.

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