Investment Grade Assets means Cash Equivalents, Government Debt, MBS Investments, ABSs, Corporate/Municipal Securities and G7 Securities which are rated at least BBB- by S&P or Baa3 by Moody’s. IRS means the U.S. Internal Revenue Service, and any Governmental Authority succeeding to any of its principal functions under the Code.
Investment Grade Assets means (a) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Issuer and its Subsidiaries, (c) investments in any fund that invests at least 90.0% of its assets in investments of the type described in clauses (a) and (b) which fund may also hold immaterial amounts of cash pending investment or distribution and (d) corresponding instruments utilized by any Foreign Subsidiary and customarily used by companies in the jurisdiction of such Foreign Subsidiary for high quality investments.
Investment Grade Assets. (a) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Borrower and its Subsidiaries, (c) investments in any fund that invests at least 90.0% of its assets in investments of the type described in the foregoing clauses (a) and (b) which fund may also hold immaterial amounts of cash pending investment or distribution and (d) corresponding instruments utilized by any Foreign Subsidiary and customarily used by companies in the jurisdiction of such Foreign Subsidiary for high quality investments.
Examples of Investment Grade Assets in a sentence
Rated, Investment Grade, Assets, and Leverage are as previously defined.
Sub Investment Grade Assets Sub investment grade assets will carry greater credit and liquidity risk than investment grade sovereign or corporate bonds or loans.
This could lead to them being unable to meet their financial commitments despite being regarded as issuers of Investment Grade Assets.
In addition, it is possible that Investment Grade Assets such as bonds may be subordinated or junior in the relevant capital structure, meaning that they would have a lesser priority than that of an additional debt claim on the same asset.
Those debt securities will be Investment Grade Assets issued by OECD governments, OECD quasi-governments (which means they may be issued by supranational or government agency and/or be government guaranteed), and corporate entities, for example, companies listed or carrying on a predominant part of their business in an OECD country, across an unlimited range of maturities subject to aggregate fund-level duration constraints set out below.
More Definitions of Investment Grade Assets
Investment Grade Assets means (a) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Issuer and its Subsidiaries, (c) investments in any fund that invests at least 90.0% of its assets in investments of the type described in clauses (a) and (b) which fund may also hold immaterial amounts of cash pending investment or distribution and (d) corresponding instruments utilized by any Foreign Subsidiary and customarily used by companies in the jurisdiction of such Foreign Subsidiary for high quality investments. “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P or Fitch or the equivalent investment grade credit rating from any other nationally recognized rating agency. “IP Rights” means a license or right to use all rights in Designs, patents, trademarks, domain names, copyrights, software, Trade Secrets and all other intellectual property rights. “Issue Date” means March 8, 2024. “Issuer Order” means a written request or order signed on behalf of the Issuer by an Officer of the Issuer and delivered to the Trustee. “Junior Lien Priority” means, with respect to specified Indebtedness, that such Indebtedness is secured by a Lien that is junior in priority to the Liens on the Collateral securing the Senior Priority Obligations and is subject to a Junior Priority Intercreditor Agreement (it being understood that junior Liens are not required to rank equally and ratably with other junior Liens, and that Indebtedness secured by junior Liens may be secured by Liens that are senior in priority to, or rank equally and ratably with, or junior in priority to, other Liens constituting junior Liens). “Junior Priority Collateral Agent” means the Junior Priority Representative for the holders of any Junior Priority Obligations. “Junior Priority Intercreditor Agreement” means an intercreditor agreement with respect to the Collateral, entered into by, among others, the Notes Collateral Agent, the applicable Junior Priority Collateral Agent(s) and, if applicable, any other Equal Priority Collateral Agent(s), having substantially the same terms as those described in the “Description of Notes—Security for the Notes—Junior Priority Intercreditor Agreement” s...
Investment Grade Assets means (a) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Issuer and its Subsidiaries, (c) investments in any fund that invests at least 90.0% of its assets in investments of the type described in clauses
Investment Grade Assets. (a) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Borrower and its Subsidiaries, (c) investments in any fund that invests at least 90.0% of its assets in investments of the type described in the foregoing clauses (a) and (b) which fund may also hold immaterial amounts of cash pending investment or distribution and (d) corresponding instruments utilized by any Foreign Subsidiary and customarily used by companies in the jurisdiction of such Foreign Subsidiary for high quality investments. “Investment Grade Rating”: a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P or Fitch or the equivalent investment grade credit rating from any other nationally recognized rating agency.
Investment Grade Assets means (a) assets that have a credit rating of BBB- or higher from Standard & Poor's Corporation or Baa or higher from Xxxxx'x Investors Service, Inc. or have received an equivalent rating from a nationally recognized rating agency and (b) residential mortgage-backed securities, as determined in the reasonable judgment of the Advisor to be, of equivalent credit quality, whether or not rated. For any period less than a quarter during which this Agreement is in effect, the base management fee shall be prorated according to the proportion which such period bears to a full quarter and the incentive fee shall be calculated so as to take appropriate account of the portion of the quarter to which it relates.
Investment Grade Assets means (a) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality thereof (other than Cash Equivalents), (b) debt securities or debt instruments with an Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Issuer and its Subsidiaries, (c) investments in any fund that invests at least 90% of its assets in investments of the type described in clauses (a) and (b) which fund may also hold immaterial amounts of cash pending investment or distribution and (d) corresponding instruments in countries other than the U.S. customarily utilized for high quality investments.
Investment Grade Assets means Cash Equivalents, Government Debt, MBS Investments, ABSs, Corporate/Municipal Securities and G7 Securities which are rated at least BBB- by S&P or Baa3 by Moody’s. IRS means the U.S. Internal Revenue Service, and any Governmental Authority succeeding to any of its principal functions under the Code. January 7, 2002 Letter Agreement means the January 7, 2002 Letter Agreement whereby the Lender consented to the pledge of collateral and limited guaranty by MDS of the referenced letter of credit facility. Judgment Currency is defined in Section 9.15.
Investment Grade Assets means Cash Equivalents, Government Debt, MBS Investments, ABSs, Corporate/Municipal Securities and G7 Securities which are rated at least BBB- by S&P or Baa3 by Moody’s. Investment Portfolio means, as of any date, the Fixed Maturities and Alternative Investments of the Parent and its Subsidiaries as shown on the Parent’s balance sheet. IRS means the U.S. Internal Revenue Service, and any Governmental Authority succeeding to any of its principal functions under the Code. Issue means, with respect to any Letter of Credit, to issue, to amend or to extend the expiry date of, or to increase the stated amount of, such Letter of Credit; and the terms “Issued”, “Issuing” and “Issuance” have corresponding meanings. Issuer means, with respect to any Letter of Credit, the Person or Persons who have issued such Letter of Credit.