Defeasance Obligations means any of the following obligations:
Defeasance Obligations means (a) cash, or (b) non-callable Government Securities.
Defeasance Obligations means noncallable (i) Agency Obligations, (ii) Government Obligations, (iii) Government Certificates, (iv) Defeased Municipal Obligations, and (v) Defeased Municipal Obligation Certificates.
Examples of Defeasance Obligations in a sentence
On the date of execution and delivery of this Agreement, the Trustee shall apply so much of the sums deposited in the 2020-2 Defeasance Escrow Fund pursuant to Section 2 hereof as shall be necessary to purchase the Defeasance Obligations (as defined in the Bond Resolution) identified in Exhibit B hereto, with a cash balance of $7.17 (such Defeasance Obligations and cash collectively referred to as the “Defeasance Escrow Fund Investments”).
More Definitions of Defeasance Obligations
Defeasance Obligations means any of the following obligations, if and to the extent the same are at the time legal for investment of the District’s funds:
Defeasance Obligations means Investment Obligations that (a) are described in clause (a) of the definition of “Investment Obligations” and (b) are not subject to redemption by the issuer thereof prior to their maturity.
Defeasance Obligations means any of the following which, at the time of investment, are legal investments under the laws of the State for the moneys proposed to be invested therein and are in compliance with the Successor Agency’s investment policies then in effect (provided that the Trustee shall be entitled to rely upon any investment direction from the Successor Agency as conclusive certification to the Trustee that investments described therein are legal and are in compliance with the Successor Agency’s investment policies then in effect), but only to the extent the same are acquired at Fair Market Value:
Defeasance Obligations means and includes any of the following:
Defeasance Obligations means the following:
Defeasance Obligations means:
Defeasance Obligations means direct obligations of, or obligations, the principal of and interest on which are guaranteed by, the United States of America, or any agency thereof, or obligations of any agency or instrumentality of the United States, which obligations shall not be subject to redemption prior to their maturity other than at the option of the registered owner thereof.