Eligible Debt Securities means cash or book-entry securities, negotiable instruments, or other securities of entities not affiliated with the Company represented by instruments in registered form which evidence any of the following: (a) any security issued or guaranteed as to principal or interest by the United States, or by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States, or any certificate of deposit for any of the foregoing; (b) commercial paper issued pursuant to Section 3(a)(3) of the Securities Act of 1933 (the "Securities Act") and having, at the time of the investment or contractual commitment to invest therein, a rating from each of S&P and Moody's in the highest rating category granted by such rating agency and having a maturity not in excess of nine months; (c) demand deposits, time deposits and certificates of deposit which are fully insured by the FDIC, in no case having a maturity greater than nine months; (d) repurchase obligations, having a maturity of no greater than nine months; with respect to any security that is a direct obligation of, or fully guaranteed by, the Government of the United States of America or any agency or instrumentality thereof, the obligations of which are backed by the full faith and credit of the United States of America, in either case entered into with a depository institution or trust company which is an Eligible Institution and the deposits of which are insured by the FDIC; and (e) any other security which is identified as a permitted investment of a finance subsidiary pursuant to Rule 3a-5 under the 1940 Act at the time it is acquired by the Partnership.
Eligible Debt Securities means Eligible Securities that are debt securities, including, without limitation, corporate bond obligations; provided that Eligible Debt Securities shall not include any asset that is a direct or indirect participation or subparticipation interest in or assignment or novation of a loan or other extension of credit that is not a corporate bond obligation.
Eligible Debt Securities means debt securities of Canadian and U.S. corporate issuers including, without limitation, bonds, notes and debentures, as well as term loans;
Examples of Eligible Debt Securities in a sentence
The Issuer may, at the Portfolio Manager’s direction,enter into (i) any sale and repurchase (repo) or reverse sale and repurchase (reverse repo) transaction in respect of any Eligible Debt Securities or (ii) any buy/sell back transaction in respect of any Eligible Debt Securities or Specified Securities on such terms and with such parties as the Portfolio Manager in its discretion may deem appropriate.
Cash Deposits, Eligible Debt Securities and FinancialDerivative Instruments, in each case as selected from time to time by the Portfolio Manager.
No more than 99% of the Initial Partnership Proceeds will be used by the Partnership to purchase the Initial Debentures meeting the criteria set forth in this Section 7.1. The remaining funds from the Initial Partnership Proceeds will be used to purchase Eligible Debt Securities in accordance with the terms of this Agreement.
On the Closing Date, the Partnership shall invest at least 1% of such Initial Partnership Proceeds in Eligible Debt Securities.
Cash in an Eligible Currency, Eligible Debt Securities and any other Eligible Investments, each of which has a Valuation Percentage of 100%.
More Definitions of Eligible Debt Securities
Eligible Debt Securities means debt securities issued by the Company that (a) are exercisable or convertible solely into shares of Company Capital Stock and (b) are repayable by the Company (without penalty) at any time; provided, however, that notwithstanding the foregoing, the promissory notes evidencing any Pre-Closing Period Loans shall not be considered Eligible Debt Securities hereunder.
Eligible Debt Securities means debt securities that are a direct interest in a corporate bond obligation of issuers located in the United States and Eligible OECD Countries (a) which is part of an issuance of corporate debt with an aggregate outstanding principal amount on the original issuance date thereof which is at least equal to $75,000,000, (b) which has a scheduled final maturity date no later than the tenth (10th) anniversary after the related original issuance date, and (c) which are Eligible Assets.
Eligible Debt Securities means Eligible Loan Assets, Eligible Second Lien Loan Assets, Eligible Bond Assets and Eligible DIP Assets.
Eligible Debt Securities means cash or book-entry securities, negotiable instruments, or other securities of entities not affiliated with HEI or the Company represented by instruments in registered form which evidence any of the following: (a) any security issued or guaranteed as to principal or interest by the United States, or by a Person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States, or any certificate of deposit for any of the foregoing; (b) commercial paper issued pursuant to Section 3(a)(3) of the Securities Act of 1933, as amended (the "SECURITIES ACT"), and having, at the time of the investment or contractual commitment to invest therein, a rating from each of S&P and Moody's in the highest rating category granted by such rating agency and having a maturity not in excess of nine months; (c) demand deposits, time deposits and certificates of deposit which are fully insured by the FDIC; (d) repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the Government of the United States of America or any agency or instrumentality thereof, the obligations of which are backed by the full faith and credit of the United States of America, in either case entered into with a depository institution or trust company which is an Eligible Institution and the deposits of which are insured by the FDIC; and (e) any other security which is identified as a permitted investment of a finance subsidiary pursuant to Rule 3a-5 under the 1940 Act at the time it is acquired by the Partnership.
Eligible Debt Securities means debt securities that (i) are issued by the Issuer, ERICO Holdings or Global (such issuer, the "Exchange Issuer") to qualified institutional buyers (as defined in Rule 144A under the Securities Act) pursuant to Section 4(2) of the Securities Act in an aggregate principal amount of not less than $100.0 million, (ii) are intended to be eligible for resale pursuant to Rule 144A of the Securities Act, (iii) have terms no less favorable to the Exchange Issuer than market terms for an issuance of debt securities issued by issuers in the same industry as the Issuer with ratings from nationally recognized rating agencies identical to the ratings assigned to the Exchange Issuer, (iv) are subject to a registration rights agreement to be entered into by and among the Exchange Issuer and the initial purchasers of such Eligible Debt Securities (including, without limitation, the Purchaser, if the Purchaser has elected to exchange any Securities for such Eligible Debt Securities pursuant to this Section 6(a)), pursuant to which the Exchange Issuer will have agreed to (A) file a registration statement (the "Exchange Offer Registration Statement") after the issue date of such Eligible Debt Securities (such issue date, the "Eligible Debt Securities Issuance Date") with respect to an offer to exchange such Eligible Debt Securities for new issues of debt securities of the Exchange Issuer registered under the Securities Act, with terms substantially identical to those of the Eligible Debt Securities, and (B) use its best efforts to cause the Exchange Offer Registration Statement to be declared effective by the SEC on or prior to a specified date after the Eligible Debt Securities Issuance Date (subject to remedies and exceptions usual and customary for registration rights granted in connection with an initial issuance of high-yield debt securities); provided, that if and to the extent that the Commission's rules and regulations in effect on the Eligible Debt Securities Issuance Date (or any of its interpretations thereof) prohibit the Exchange Issuer from granting the Purchaser registration rights on the foregoing terms and conditions, then the Exchange Issuer and the Purchaser instead shall enter into a registration rights agreement providing for "shelf" registration rights in connection with the Eligible Debt Securities to be acquired by Purchaser pursuant to Section 6(a), in substantially the same form as the registration rights agreement to be executed and delivered ...
Eligible Debt Securities means Eligible Securities that are (a) debt securities of Issuers located in the United States or an Eligible Preferred Nation, (b) publicly traded or Rule 144A Securities, and (c) unrestricted as to sale (Rule 144A Securities that are freely traded among “qualified Institutional buyers” (within the meaning of Rule 144A) shall not be deemed to be restricted as to sale solely as a result of the restrictions and other limitations on transfer and offers to transfer contained in the Securities Act).
Eligible Debt Securities means negotiable instrument, or other securities of Persons that are not Affiliates of the Company represented by instruments in registered form that evidence any of the following: (a) any security issued or guaranteed as to principal or interest by the United States, or by a Person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States, or any certificate of deposit for any of the foregoing; (b) commercial paper issued pursuant to Section 3(a)(3) of the Securities Act and having, at the time of the investment or contractual commitment to invest therein, a rating from each of S&P and Moody’s in the highest rating category granted by such rating agency and having a maturity not in excess of nine months; (c) demand deposits, time deposits and certificates of deposit that are fully insured by the FDIC; (d) repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the Government of the United States of America or any agency or instrumentality thereof, the obligations of which are backed by the full faith and credit of the United States of America, in either case entered into with a depository institution or trust company that is an Eligible Institution and the deposits of which are insured by the FDIC; and (e) any other security that is identified as a permitted investment of a finance subsidiary pursuant to Rule 3a-5 under the Investment Company Act at the time it is acquired by the LLC.