Valuation and Sale of Investments. (a) Obligations purchased as an investment of funds in any Project Account or any other separate account or fund created under the provisions hereof shall be deemed at all times to be a part of such account or fund and, unless otherwise specified herein, any profit realized from the liquidation of such investment shall be credited to such Project Account or such other separate account or fund created hereunder, and any loss resulting from the liquidation of such investment shall be charged to the respective Project Account or such other separate account or fund.
Valuation and Sale of Investments. (a) Obligations purchased as an investment of funds in any Indenture Account or any other separate account or fund created under the provisions of this Indenture shall be deemed at all times to be a part of such account or fund and, unless otherwise specified herein, any profit realized from the liquidation of such investment shall be credited to such Indenture Account or such other separate account or fund created hereunder, and any loss resulting from the liquidation of such investment shall be charged to the respective Indenture Account or such other separate account or fund.
Valuation and Sale of Investments. 13 SECTION 3.4
Valuation and Sale of Investments. (a) Eligible Investments acquired as an investment of moneys in any Fund shall be at all times a part of such Fund and any profit realized from the liquidation of such investment shall be applied as provided in subsection (b) of Section 11.01 and any loss resulting from the liquidation of such Eligible Investment shall be charged to the respective Fund.
Valuation and Sale of Investments. Obligations purchased as an investment of moneys in any Fund created under the provisions of this 2015 Bond Resolution shall be deemed at all times to be a part of such Fund and any profit realized from the liquidation of such investment shall be credited to such Fund, and any loss resulting from the liquidation of such investment shall be charged to the respective Fund. In computing the amount in any Fund created under the provisions of this 2015 Bond Resolution for any purpose provided in this 2015 Bond Resolution, obligations purchased as an investment of moneys therein shall be valued upon the maturity of the Bonds at the Amortized Value of such obligations or the market value thereof, whichever is lower, exclusive of accrued interest.
Valuation and Sale of Investments. Obligations purchased as an investment of moneys in any fund, account or subaccount created under the provisions hereof shall be deemed at all times to be a part of such fund, account or subaccount and any profit realized from the liquidation of such investment shall be credited to, and any loss resulting from the liquidation of such investment shall be charged to, the computation of net interest earned on the moneys and investments of such fund, account or subaccount. The value of the above investments shall be determined as provided in “Value” below. “Value,” which shall be determined as of the 10th day of March and September of each year unless otherwise directed in writing by the Authority, means that the value of any investments shall be calculated as follows: as to investments the bid and asked prices of which are published on a regular basis in The Wall Street Journal (or, if not there, then in The New York Times): the average of the bid and asked prices for such investments so published on or most recently prior to such time of determination; as to investments the bid and asked prices of which are not published on a regular basis in The Wall Street Journal or The New York Times: the average bid price at such time of determination for such investments by any two nationally recognized government securities dealers (selected by the Trustee in its absolute discretion) at the time making a market in such investments or the bid price published by a nationally recognized pricing service; as to certificates of deposit and bankers acceptances: the face amount thereof, plus accrued interest; as to any investment not specified above: the value thereof established by prior agreement between the Authority, the Trustee and the City; and alternatively, by any reasonable method used by the Trustee and approved by the City, including without limitation, computer pricing services. Except as otherwise provided herein, the Trustee shall sell or present for redemption or transfer as provided in the next sentence any obligation so purchased as an investment whenever it shall be requested in writing by an Authorized Representative of the Authority so to do or whenever it shall be necessary in order to provide moneys to meet any payment or transfer from any fund, account or subaccount held by it. In lieu of such sale or presentment for redemption, the Trustee may, in making the payment or transfer from any fund, account or subaccount mentioned in the preceding sentence, t...
Valuation and Sale of Investments. In computing the amount in the Fund or any Account, obligations purchased as an investment of moneys therein shall be valued at amortized value. Amortized value shall mean par, if the obligation was purchased at par, when used with respect to an obligation purchased at a premium above or a discount below par, the value as of any given date obtained by dividing the total amount of the premium or discount at which such obligation was purchased by the number of days remaining to the maturity of such obligation on the date of such purchase and by multiplying the amount thus cal- culated by the number of days having passed since the date of such purchase and either (i) adding the amount thus calculated to the purchase price, in the case of an obligation purchased at a discount, or (ii) deducting the amount thus calculated from the purchase price in the case of an obligation purchased at a premium. Valuation shall be made on each July 1 and shall not include the amount of interest than earned or accrued to such date on any such moneys or investment.
Valuation and Sale of Investments. (A) In computing the amount in any Account, obligations purchased as an investment of monies therein shall be valued at amortized value (as such term is defined in the Act) or if purchased at par, at par.
Valuation and Sale of Investments. (A) Permitted Investments in any fund, account or subaccount created under the provisions of this Indenture shall be deemed at all times to be part of such fund, account or subaccount and any profit realized from the liquidation of such investment shall be credited to such fund, account or subaccount and any loss resulting from liquidation of such investment shall be charged to such fund, account or subaccount.
Valuation and Sale of Investments. Obligations purchased as an investment of moneys in any Fund created under the provisions of this Agreement shall be deemed at all times to be a part of such Fund and any profit realized from the liquidation of such investment shall be credited to such Fund, and any loss resulting from the liquidation of such investment shall be charged to the respective Fund. In computing the amount in any Fund created under the provisions of this Agreement for any purpose provided in this Agreement, obligations purchased as an investment of moneys therein shall be valued at the current market value thereof.
