Eligible Portfolio Property means Australian Bank Bills, Australian Corporate Bonds, Australian Currency, Australian Convertible or Exchangeable Eurobonds, Australian Eurobonds, Australian Government Securities, Australian Semi–-Government Securities, Cash, New Zealand Corporate Bonds, New Zealand Government Securities, Other Asian Bonds, U.S. Government Obligations, Repurchase Agreements, Brady Bonds, Asian Yankee Bonds, AMPS Interest Rate Swaps (to the extent they are “in the money”), Short Term Money Market Instruments, FNMA Certificates, FHLMC Certificates, FHLMC Multifamily Securities, GNMA Certificates, and GNMA Graduated Payment Securities provided, (i) if the determination is being made by Moody’s, (x) that no more than 20% in the aggregate of the total Discounted Value of Eligible Portfolio Property shall consist of Australian Government and/or Australian Semi-Government Securities with a current outstanding issue size less than A$150,000,000 and/or New Zealand Government Securities with a current outstanding issue size less than NZ$150,000,000; and (y) not more than 10% in the aggregate of the total Discounted Value of Eligible Portfolio Property shall consist of Australian Semi-Government Securities described under item 12 of such definition and (ii) if the determination is being made for S&P, (x) that no Australian Government Securities or Australian Semi–Government Securities contained in Eligible Portfolio Property shall have a current outstanding issue size less than A$10,000,000 (as determined on each Quarterly Surprise Valuation Date); (y) that no New Zealand Government Securities contained in Eligible Portfolio Property shall have a current outstanding issue size less than NZ$10,000,000 (as determined on each Quarterly Surprise Valuation Date); and (z) that not more than 10% in the aggregate of the total Discounted Value of the Eligible Portfolio Property shall consist of Australian Semi-Government Securities issued by any single issuer (except that in the case of New South Wales Treasury Corporation, such percentage shall be 25%) and that not more than 20% in the aggregate of the total Market Value of the Eligible Portfolio Property shall consist of Australian Semi–Government Securities guaranteed by any single state (except that in the case of each of Victoria and New South Wales, such percentage shall be 25%). Notwithstanding the above, no asset that is then segregated to cover an AMPS Interest Rate Swap may be deemed to be Eligible Portfolio Property. The Board ...
Eligible Portfolio Property means Australian Bank Bills, Australian Corporate Bonds, Australian Currency, Australian Convertible or Exchangeable Eurobonds, Australian Eurobonds, Australian Government Securities, Australian Quasi and Foreign Government Bonds, Australian Semi-Government Securities, Canadian Currency, Canadian Securities, Cash, New Zealand Corporate Bonds, EU Currency, EU Securities, New Zealand Government Securities, Other Asian Bonds, Other Asian Currency, Other European Currency, Other European Bonds, United Kingdom Currency, United Kingdom Securities, U.S. Government Obligations, Repurchase Agreements, Asian Yankee Bonds, Commonwealth Yankee Bonds, AMPS Interest Rate Swaps (to the extent they are “in the money”), Short Term Money Market Instruments, FNMA Certificates, FHLMC Certificates, FHLMC Multifamily Securities, GNMA Certificates, GNMA Graduated Payment Securities and U.S. Treasury/Agency Asset-Backed Securities; provided, (i) if the determination is being made by Moody’s, (x) that no more than 20% in the aggregate of the total Discounted Value of Eligible Portfolio Property shall consist of Australian Government and/or Australian Semi-Government Securities with a current outstanding issue size less than A$150,000,000 and/or New Zealand Government Securities with a current outstanding issue size less than NZ$150,000,000; and (y) not more than 10% in the aggregate of the total Discounted Value of Eligible Portfolio Property shall consist of Australian Semi-Government Securities described under item 12 of such definition and (ii) if the determination is being made for Fitch, that none of the following account individually for more than 5% of the total Discounted Value of Eligible Portfolio Property: Other Asian Bonds issued by India, Korea, Malaysia, The Philippines, Taiwan and Thailand. Notwithstanding the above, no asset that is then segregated to cover an AMPS Interest Rate Swap may be deemed to be Eligible Portfolio Property. The Board of Directors shall have the authority to specify from time to time other assets as Eligible Portfolio Property if the Rating Agencies advise the Corporation in writing that the specification will not adversely affect their respective then–current ratings of the AMPS; it being understood that the components of Eligible Portfolio Property may differ between or among the Rating Agencies.
Eligible Portfolio Property means Australian Government Securities, Australian Semi-Government Securities, Cash, Bank Bills, Australian Currency, U.S. Government Obligations, Short Term Money Market Instruments, FNMA Certificates, FHLMC Certificates, FHLMC Multifamily Securities, GNMA Certificates, and GNMA Graduated Payment Securities; provided, (i) if the determination is being made for Moody's, that not more than 20% in the aggregate of the total Eligible Portfolio Property shall consist of Australian Government Securities and/or Australian Semi-Government Securities with a current outstanding issue size less than A $150,000,000 and (ii) if the determination is being made for S&P that no Australian Government Securities or Australian Semi-Government Securities contained in Eligible Portfolio
Examples of Eligible Portfolio Property in a sentence
With respect to the calculation of the Discounted Value of any Utility Bond included in the Corporation's Eligible Portfolio Property, such calculation shall be made using the criteria set forth in the definitions of Utility Bonds and Market Value.
With respect to the calculation of the Discounted Value of any Utility Stock included in the Corporation's Eligible Portfolio Property, such calculation shall be made using the criteria set forth in the definitions of Utility Stocks and Market Value.
With respect to the calculation of the Discounted Value of any Utility Stock included in the Corporation's Eligible Portfolio Property such calculation shall be made using the criteria set forth in the definitions of Utility Stocks and Market Value.
Other Permitted Assets and such other securities may be included in Eligible Portfolio Property if the Rating Agencies have advised the Corporation in writing that the inclusion of such Other Permitted Assets or other securities in Eligible Portfolio Property would not adversely affect their respective then-current ratings of the shares of AMPS.
Prior to liquidating any portion of its Eligible Portfolio Property pursuant to this Section 2.04, the Fund shall offer and sell such Eligible Portfolio Property to Financial Security if Financial Security offers a price which is equal to or greater than the price at which the Fund proposed to sell such Eligible Portfolio Property.
More Definitions of Eligible Portfolio Property
Eligible Portfolio Property means Corporate Bonds, Cash, Government Securities, Short Term Money Market Instruments and Conventional Mortgage Pass-Through Certificates owned by the Fund, provided that Deposit Securities irrevocably deposited by the Fund with the Trustee for the payment of principal of, or interest on, the Notes or with the Paying Agent for redemption of or dividend payments with respect to the Preferred Stock shall not be included as Eligible Portfolio Property and, provided further, that a Corporate Bond shall not be included as Eligible Portfolio Property (i) if it fails to meet the criteria in column (1) below or (ii) it has a remaining term to maturity of more than 30 years or (iii) to the extent (and only to the proportionate extent) the acquisition or holding thereof by the Fund as Eligible Portfolio Property causes any applicable limitation set forth in column (2) or (3) below to be exceeded as of any relevant date of determination (provided that in the event that any such limitation or any other percentage limitation set forth in this definition of Eligible Portfolio Property is exceeded, the Fund (or, if the Fund shall fail to do so, Financial Security) shall designate, in its sole discretion, the particular Corporate Bond(s) and/or portions thereof which shall be deemed to have caused such limitation to be exceeded) or (iv) such Corporate Bond is subject to a covered call option:
Eligible Portfolio Property means (i) Corporate Debt Obligations (including without limitation commercial paper rated at the time of the Corporation's investment therein at least "A-2"/"P-2" but lower than "A-l+"/"P-l" by the Rating Agencies with a maturity of at least 30 days), Cash, U.S. Government Obligations, Short-Term Money Market Instruments, FNMA Certificates, FHLMC Certificates, FHLMC Multifamily Securities, GNMA Certificates, GNMA Multifamily Securities, GNMA Graduated Payment Securities and Conventional Mortgage Pass-Through Certificates; provided that, any assets of the Corporation subject to call option obligations shall not constitute Eligible Portfolio Property and (ii) other assets which may be established by the Rating Agencies in their sole discretion and designated in writing to the Company.
Eligible Portfolio Property means Australian Bank Bills, Australian Currency, Australian Exchangeable Eurobonds, Australian Government-Securities, Australian Semi-Government Securities, Cash, U.S. Government Obligations, Repurchase Agreements, Short-Term Money Market Instruments, FNMA Certificates, FHLMC Certificates, FHLMC Multifamily Securities, GNMA Certificates, and GNMA Graduated Payment Securities and, if the calculation is being made for S&P, Australian Eurobonds and Australian Corporate Bonds; provided, (i) if the determination is being made by Moody's, (x) that not more than 20% in the aggregate of the total Discounted Value of Eligible Portfolio Property shall consist either of Australian Government and/or Australian Semi-Government Securities with a current outstanding Issue size less than A$150,000,000 and (y) not more than 10% in the aggregate of the total Discounted Value of Eligible Portfolio Property shall consist of Australian Semi-Government Securities described under items 17, 18 and 19 of such definition or Australian Exchangeable Eurobonds described under item 25 of such definition and (ii) if the determination is being made for S&P that no Australian Government Securities or Australian Semi-Government Securities contained in Eligible Portfolio Property shall have a current outstanding
Eligible Portfolio Property means Australian Bank Bills, Australian Currency, Australian Exchangeable Eurobonds, Australian Government Securities, Australian Semi-Government
Eligible Portfolio Property means S&P Eligible Portfolio Property and Moody's Eligible Portfolio Property.
Eligible Portfolio Property shall include Corporate Bonds (including, without limitation, Type I Commercial Paper with a remaining term to maturity of not more than 180 days and Type II Commercial Paper with a maturity of not more than 30 days), Cash, U.S. Government Obligations, Short-Term Money Market Instruments, FNMA Certificates, FHLMC Certificates, FHLMC Multifamily Securities, GNMA Certificates, GNMA Multifamily Securities, GNMA Graduated Payment Securities, Conventional Mortgage Pass-Through Certificates; provided, however, that (i) no such Corporate Bonds that are subject to any lien may be includable as "Eligible Portfolio Property" unless such lien is included as a liability in determining Note Basic Maintenance Amount and (ii) the combined value of any Deposit Securities irrevocably deposited by the Fund for the payment of the obligations of the Fund referred to in clauses (a)-(d) of the definition of "Note Basic Maintenance Amount" shall not be includable as "Eligible Portfolio Property."
Eligible Portfolio Property means Corporate Bonds, Cash, U.S. Government Obligations, Short-Term Money Market Instruments, FNMA Certificates, FHLMC Certificates, FHLMC Multifamily Securities, GNMA Certificates, GNMA Multifamily Securities, GNMA Graduated Payment Securities and Conventional Mortgage Pass-Through Certificates. Without amending these Articles of Incorporation and to the extent permitted by Maryland law, other assets may be specified as Eligible Portfolio Property if the Board of Directors of the Corporation determines and the Rating Agency advises the Corporation in writing that the specification will not adversely affect the then-current rating of the Preferred Stock.