Common use of Repos Clause in Contracts

Repos. Repurchase obligations with respect to (A) any security described in clause (i) of this definition, or (B) any other security issued or guaranteed by any agency or instrumentality of the United States, in either case entered into with a depository institution or trust company (including the Titling Trustee or any Affiliate thereof) acting as principal, whose obligations having the same maturity as that of the repurchase agreement would be Permitted Investments under clause (ii) of this definition; provided, however, that, repurchase obligations entered into with any particular depository institution or trust company (including the Titling Trustee or any Affiliate thereof) will not be Permitted Investments to the extent that the aggregate principal amount of such repurchase obligations with such depository institution or trust company held as part of the Titling Trust Assets shall exceed 10% of all Permitted Investments held as part of the Titling Trust Assets.