Structured Notes. The Xxxxx'x Discount Factor applied to Structured Notes will be (A) in the case of a corporate issuer, the Xxxxx'x Discount Factor determined in accordance with paragraph (ii) under this definition, whereby the rating on the issuer of the Structured Note will be the rating on the Structured Note for purposes of determining the Xxxxx'x Discount Factor in the table in paragraph (ii); and (B) in the case of an issuer that is the U.S. government or an agency or instrumentality thereof, the Xxxxx'x Discount Factor determined in accordance with paragraph (v) under this definition. The Xxxxx'x Discount Factor for any Xxxxx'x Eligible Asset other than the securities set forth above will be the percentage provided in writing by Xxxxx'x. Additionally, in order to merit consideration as a Xxxxx'x Eligible Asset, securities should be issued by entities which: (a) have not filed for bankruptcy within the past three years, (b) are current on all principal and interest in their fixed income obligations, (c) are current on all preferred stock dividends, and (d) possess a current, unqualified auditor's report without qualified, explanatory language.
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Samples: Pimco Floating Rate Income Fund
Structured Notes. The Xxxxx'x Moody's Discount Factor applied to Structured Notes will be (A) in the xx xxx case of a corporate issuer, the Xxxxx'x Moody's Discount Factor determined in accordance with paragraph (ii) under xnder this definition, whereby the rating on the issuer of the Structured Note will be the rating on the Structured Note for purposes of determining the Xxxxx'x Moody's Discount Factor in the table in paragraph (ii); and (B) in the xx xxx case of an issuer that is the U.S. government or an agency or instrumentality thereof, the Xxxxx'x Moody's Discount Factor determined in accordance with paragraph (vx) under xxder this definition. The Xxxxx'x Moody's Discount Factor for any Xxxxx'x Moody's Eligible Asset other than the thxx xxx securities set forth above will abovx xxxx be the percentage provided in writing by Xxxxx'xMoody's. Additionally, in order to merit consideration as a Xxxxx'x Eligible Mooxx'x Xxigible Asset, securities should be issued by entities which: (a) have not filed for bankruptcy within the past three years, (b) are current on all principal and interest in their fixed income obligations, (c) are current on all preferred stock dividends, and (d) possess a current, unqualified auditor's report without qualified, explanatory language.
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Samples: Pimco Floating Rate Income Fund
Structured Notes. The Xxxxx'x Mxxxx’x Discount Factor applied to Structured Notes will be (A) in the case of a corporate issuer, the Xxxxx'x Mxxxx’x Discount Factor determined in accordance with paragraph (ii) under this definition, whereby the rating on the issuer of the Structured Note will be the rating on the Structured Note for purposes of determining the Xxxxx'x Moody’s Discount Factor in the table in paragraph (ii); and (B) in the case of an issuer that is the U.S. government or an agency or instrumentality thereof, the Xxxxx'x Moody’s Discount Factor determined in accordance with paragraph (v) under this definition. The Xxxxx'x Moody’s Discount Factor for any Xxxxx'x Moody’s Eligible Asset other than the securities set forth above will be the percentage provided in writing by Xxxxx'xMoody’s. Additionally, in order to merit consideration as a Xxxxx'x Moody’s Eligible Asset, securities should be issued by entities which: (a) have not filed for bankruptcy within the past three years, (b) are current on all principal and interest in their fixed income obligations, (c) are current on all preferred stock dividends, and (d) possess a current, unqualified auditor's ’s report without qualified, explanatory language.
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Samples: PIMCO Floating Rate Strategy Fund
Structured Notes. The Xxxxx'x Xxxxx’x Discount Factor applied to Structured Notes will be (A) in the case of a corporate issuer, the Xxxxx'x Xxxxx’x Discount Factor determined in accordance with paragraph (ii) under this definition, whereby the rating on the issuer of the Structured Note will be the rating on the Structured Note for purposes of determining the Xxxxx'x Xxxxx’x Discount Factor in the table in paragraph (ii); and (B) in the case of an issuer that is the U.S. government or an agency or instrumentality thereof, the Xxxxx'x Xxxxx’x Discount Factor determined in accordance with paragraph (v) under this definition. The Xxxxx'x Xxxxx’x Discount Factor for any Xxxxx'x Xxxxx’x Eligible Asset other than the securities set forth above will be the percentage provided in writing by Xxxxx'xXxxxx’x. Additionally, in order to merit consideration as a Xxxxx'x Xxxxx’x Eligible Asset, securities should be issued by entities which: (a) have not filed for bankruptcy within the past three years, (b) are current on all principal and interest in their fixed income obligations, (c) are current on all preferred stock dividends, and (d) possess a current, unqualified auditor's ’s report without qualified, explanatory language.
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