Deposit Instrument definition

Deposit Instrument means a deposit agreement in respect of each Debenture executed and delivered by the Company and each Subsidiary Guarantor, substantially in the form of Exhibit XIV annexed to the Original Credit Agreement, as such Deposit Instrument may thereafter be amended, supplemented or otherwise modified from time to time.

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Deposit Instrument means the restated deposit instrument dated June 30, 2005 given by the Borrower to the Agent in respect of the Debenture, as supplemented, amended and replaced from time to time.

Deposit Instrument means a hypothetical agreement between two parties, pursuant to which (i) one party agrees to deposit an amount denominated in the Quoted Currency at a future date with the other party, and (ii) the other party agrees to return such amount at a specified later date with interest.

Examples of Deposit Instrument in a sentence

• The Trust is entitled to reduce the amount of money or other proceeds due to the Participant or Participant Client that, based on the valuation of such Deposit Instrument at the time of transfer, should be paid to the Trust, in accordance with the terms of the instrument or corporate action.

• Likewise, the Participant acknowledges and agrees to return to the Trust any dividend, distribution, interest or other corporate action paid to the Participant or any Participant Client in respect of any Deposit Instrument that is transferred to the Trust that, based on the valuation of such Deposit Instrument on the Business Day on which the Trust receives and accepts the Purchase Order in proper form, should have been paid to the Trust.

• The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief), permit or require the substitution of an amount of cash to be included in any Cash Balancing Amount to replace any Deposit Instrument (“cash in lieu”).

• Likewise, the Participant acknowledges and agrees to return to the Trust any dividend, distribution, interest or other corporate action paid to the Participant or any Participant Client in respect of any Deposit Instrument that is transferred to the Trust that, based on the valuation of such Deposit Instrument on the Business Day on which the Trust receives and accepts the Purchase Request in proper form, should have been paid to the Trust.

• The Trust may, in its sole discretion (as limited by its ETF Exemptive Order), permit or require the substitution of an amount of cash to be added to any Cash Amount to replace any Deposit Instrument (“cash in lieu”).

• The Performance Security Deposit Instrument shall be valid for minimum period of 6 (Six) months or more.

• With respect to any Purchase Order, each Fund acknowledges and agrees to return to the Participant or any party for which it is acting any dividend, distribution, or other corporate action paid to the Fund in respect of any Deposit Instrument that is transferred to the Fund that, based on the valuation of such Deposit Instrument at the time of transfer, should have been paid to the Participant or any party for which it is acting.

• State Street shall on each day a Portfolio is open for the purchase or redemption of Shares of such Portfolio compute, in respect of purchases, the number of Shares of each Deposit Instrument to be included in the current Creation Deposit, and in respect of redemptions, the amounts of each of the underlying Portfolio Instruments, and shall transmit such information to the NSCC.

• With respect to any Creation Order, the Transfer Agent, on behalf of the Trust, acknowledges and agrees to return to the Authorized Participant any dividend, distribution or other corporate action paid to the Trust in respect of any Deposit Instrument that is transferred to the Trust that, based on the valuation of such Deposit Instrument at the time of transfer, should have been paid to the Authorized Participant.

• With respect to any Redemption Order, the Authorized Participant also acknowledges and agrees that the Trust is entitled to reduce the amount of money or other proceeds due to the Authorized Participant by an amount equal to any dividend, distribution or other corporate action to be paid to it in respect of any Deposit Instrument that is transferred to the Authorized Participant that, based on the valuation of such Deposit Instrument at the time of transfer, should be paid to the Fund.

More Definitions of Deposit Instrument

Deposit Instrument means any “Deposit Instrument” as defined in the First Lien Credit Agreement.

Deposit Instrument means a deposit instrument to be given to the Agent in conjunction with a Debenture, substantially in the form of Schedule I-3, as supplemented, amended and replaced from time to time;

Deposit Instrument means an investment in an interest bearing account or short term, interest bearing instrument.

Deposit Instrument means a pledge of a Debenture by a Loan Party, in form and substance acceptable to the Administrative Agent and its legal counsel, as amended, modified, supplemented, restated or replaced from time to time;