Treasury Futures Sample Clauses

Treasury Futures. Cash and Cash Equivalents Test ------------------------------
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Treasury Futures. Cash and Cash Equivalents ------------------------- [bullet] Cash and [bullet] the following short-term securities with remaining maturities of 180 days or less: [bullet] (1) direct obligations of, and obligations fully guaranteed as to full and timely payment by the full faith and credit of, the United States of America, excluding U.S. Treasury and Agency Zeroes [bullet] (2) demand deposits, time deposits or certificates of deposit of any depository institution or trust company incorporated under the laws of the United States of America or any state thereof; provided that at the time of investment therein the commercial paper or other short-term unsecured debt obligations thereof shall be rated at least A-1 by S&P or P-1 by Moody's [bullet] (3) bankers acceptances issued by any depository institution or trust company referred to in clause (2) above and [bullet] (4) commercial paper having at the time of the investment therein a rating of at least A-1 by S&P or P-1 by Moody's SCHEDULE B FEES AND EXPENSES ----------------- For the services rendered under this Agreement, the Fund shall pay to Mellon: ASSUMPTIONS: [bullet] Fund will consist of the following fund types: [bullet] Combined Account Structure - Per Fund - Equity Component = 450 Securities in the S&P 500 - Fixed Income Component = 15 Securities [bullet] Fund of Funds Structure - Equity Account = 450 Securities in the S&P 500 - Multiple Fixed Income Accounts = 15 Securities Per Account [bullet] Equity transactions per fund type will not exceed 2,000 per year. Should transactions exceed 2,000 transactions in a given fund, Mellon may re-negotiate the fees for this service. [bullet] Fixed income transactions per fund will not exceed 20 per year per account. Should transactions exceed 20 per account, Mellon may re-negotiate the fees for this service. ACCOUNT FEE STRUCTURE PER ANNUM: Combined Account Structure $30,000 Fund of Funds Structure - Equity Component & First Three Fixed Income Components $30,000 - Fixed Income Component (after first three funds) $2,000 OTHER: Fees will be computed, billed and payable on a monthly basis in advance. The Fund shall pay any broker/dealer fees and expenses and any fees of Mellon associated with the execution of any trade instruction. Out-of-pocket expenses will be billed and payable monthly. These fees will be effective for three years commencing with the date of the Agreement. Mellon reserves the right to re-negotiate its compensation if the nature of the account(s...
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Treasury Futures. Cash and Cash Equivalents Test ------------------------------ o Cash and o the following short-term securities with remaining maturities of 180 days or less: o
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Related to Treasury Futures

  • Treasury Securities In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization, direction, notice, consent or waiver Securities of a Series owned by the Company or an Affiliate shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that the Trustee knows are so owned shall be so disregarded.

  • Treasury Notes In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, shall be considered as though not outstanding, except that for the purposes of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that the Trustee knows are so owned shall be so disregarded.

  • Treasury Transactions No Obligor shall (and the Parent will procure that no members of the NEXT Group will) enter into any Treasury Transaction, other than any Permitted Treasury Transaction.

  • Investment Securities and Commodities (i) Each of the Company and its Subsidiaries has good title in all material respects to all securities and commodities owned by it (except those sold under repurchase agreements) which are material to the Company and its Subsidiaries on a consolidated basis, free and clear of any Liens, except for such failures to have good title as are set forth in the financial statements included in the Company Reports as of the entry into this Agreement or to the extent such securities or commodities are pledged in the ordinary course of business to secure obligations of the Company or its Subsidiaries. Such securities and commodities are valued on the books of the Company in accordance with GAAP in all material respects. (ii) The Company and its Subsidiaries and their respective businesses employ investment, securities, commodities, risk management and other policies, practices and procedures that the Company believes are prudent and reasonable in the context of such businesses, and the Company and its Subsidiaries have, since January 1, 2023, been in compliance with such policies, practices and procedures in all material respects.

  • Portfolio Security Portfolio Security will mean any security owned by the Fund.

  • Swaps No Borrower is a party to, nor will it be a party to, any swap agreement whereby such Borrower has agreed or will agree to swap interest rates or currencies unless same provides that damages upon termination following an event of default thereunder are payable on an unlimited “two-way basis” without regard to fault on the part of either party.

  • Futures Transactions in futures involve the obligation to make, or to take, delivery of the underlying asset of the contract at a future date, or in some cases to settle the Investment Adviser’s position with cash from a Portfolio or elsewhere. Transactions in futures carry a high degree of risk. The “gearing” or “leverage” often obtainable in futures trading means that a small deposit or down payment can lead to large losses as well as gains. It also means that a relatively small market movement can lead to a proportionately much larger movement in the value of the Investment Adviser’s investment, and this can work against the Investment Adviser as well as for the Investment Adviser. Futures transactions have a contingent liability, and the Investment Adviser should be aware of the implications of this, in particular the margining requirements, which are described in paragraph 7.2 below.

  • Recent Securities Transactions Subsequent to the respective dates as of which information is given in the Registration Statement, the Sale Preliminary Prospectus and the Prospectus, and except as may otherwise be indicated or contemplated herein or therein, the Company has not (i) issued any securities or incurred any liability or obligation, direct or contingent, for borrowed money; or (ii) declared or paid any dividend or made any other distribution on or in respect to its share capital.

  • Recent Securities Transactions, etc Except as contemplated in the Prospectus, subsequent to the respective dates as of which information is given in the Registration Statement and the Prospectus, and except as may otherwise be indicated or contemplated herein or therein, the Company has not: (i) issued any securities or incurred any liability or obligation, direct or contingent, for borrowed money; or (ii) declared or paid any dividend or made any other distribution on or in respect to its capital stock.

  • Portfolio Securities Portfolio securities of the Issuer may be bought or sold by or through Distributors, and Distributors may participate directly or indirectly in brokerage commissions or "spreads" for transactions in portfolio securities of the Issuer.

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