Investment Obligation means any security or investment authorized by Section 159-30 of the General Statutes of North Carolina, as may be amended from time to time, or any substitute or successor statute.
Investment Obligation means any of the following which at the time are legal investments for moneys of the Trust:
Investment Obligation means any of the following:
Examples of Investment Obligation in a sentence
Failure to fulfill the investment obligations, in full or in part, shall give the right to the Agency to claim penalties in the amount of 120% (hundred and twenty percent) of the amount that the Buyer has failed to invest, in accordance with the provisions on the Investment Obligation.
A default by the Company of the Company's obligations to the Finders shall be deemed a default under the Agreement and shall terminate the Investment Obligation.
The Buyer shall ensure every year to the Seller a valid proof on the actual investments as determined in the Investment Obligation provision.
In such circumstances the Issuer would seek to recover the original Collateral Debt Obligation and the Special Situation Investment Obligation representing the further capital investment from the relevant Obligors in accordance with applicable insolvency, bankruptcy or analogous laws.
Within three (3) Business Days after the Investment Obligation Test Date, ESAS shall submit a certificate stating compliance together with reasonable documentation supporting such compliance.
More Definitions of Investment Obligation
Investment Obligation means any investment that the Issuer is authorized to acquire pursuant to the Kentucky Revised Statutes, as amended from time to time, and to the extent, if any, that the funds then proposed for investment are governed by an applicable formal investment policy of the Issuer, which complies with such investment policy.
Investment Obligation means any of the investments listed in Exhibit A hereto; “Investment Obligor” means the issuer or other obligor on an Investment Obligation in which moneys held for the credit of any Fund or Account hereunder have been invested or deposited in accordance herewith;
Investment Obligation means any of the following which at the time is a legal investment for fiduciaries under the laws of the State for the money held under the Indenture and for the Corporation under the Act which is then proposed to be invested therein: (i) obligations to which the faith and credit of the United States of America are pledged (including receipts evidencing ownership of future interest and principal payments on obligations of the United States of America), (ii) obligations the payment of the principal of and interest on which are unconditionally guaranteed by the United States of America,
Investment Obligation means (a) public debt , securities of.the United States which are taken into considera- tion for purposes of the public debt limit; (b) obligations of a state or local governmental unit, the interest on which is exempt from taxation under section 103(a) of the Code; (c) checking- accounts , savings accounts, certificates of deposit or other time or demand deposits, not including a common or collective trust fund such as a common trust fund as defined in section 584 of the code, in a bank as defined in section 581 of the Code or in an insured credit union within the | meaning of section 101(6) of the Federt adit Union Act, 12 ' -.. U.S.C. 1752(7)(1982),- located in the United States, or (d) such other securities, . obligations or other investment media author- ized .by Code section 468A or by the -Treasury regulations . issued thereunder in which funds of the Trust may be invested without adversely- af fecting its status as a NDRF.
Section 4.02. The Trustee shall not engage in any act of self-dealing as described in Section 4951(d) of the Code or corresponding prcvisions of any subsequent federal tax law or regulations, except the Trustee may
(1) Make payments for the purpose of satisfying, in whole or in part, the liability of.the Company for decommissioning costs for OCNGS.
(2) Permit the withdrawal of excess contributions made by the company pursuant to Section 1.468A-5T(c)(2) of the Temporary Regulations or corresponding provisions of subsequent law or regulations.
(3) Pay amounts remaining ' in the Trust upon receipt of a certificate meeting the requirements of Section 3.02 and stating that the _ Company has completed or has f ully provided for the comple- tion of the decommissioning of OCNGS.
A. The Company agrees to pay to the Trustee from ., - o r time to time reasonable compensation for all - services rendered by the Trustee hereunder ( which comperination shall not be ' limited- by any provision of law in regard to the compensation of 'a trustee of an express trust) .
B. The Company hereby xx xxxx,. e,' cept as otherwier, expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provi- ' sion of this Indenture ( inc1'xxxxx the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement,or advance as may be attributable to the Trustee's negligence, willful miscondu...
Investment Obligation means any security or investment authorized by the law governing the School District, as may be amended from time to time, or any substitute or successor laws.
Investment Obligation means any of the following which at the time are lawful investments under the laws of the State for the moneys held hereunder then proposed to be invested therein:
Investment Obligation means any of the following which at the time are lawful investments under the laws of the State for the moneys held hereunder then proposed to be invested therein: (1) direct general obligations of the United States of America or of the State, or obligations the payment of the principal of and interest on which are unconditionally guaranteed by the United States of America, any federal agency of the United States of America, or the State; (2) bonds, consolidated bonds, collateral trust debentures, consolidated debentures, or other obligations issued by Federal Land Banks or Federal Intermediate Credit Banks established under the Federal Farm Loan Act, as amended, debentures and consolidated debentures issued by the Central Bank for Cooperatives and Banks for Cooperatives established under the Farm Credit Act of 1933, as amended, bonds or debentures of the Federal Home Loan Bank Board established under the Federal Home Loan Bank Act, bonds, debentures and other obligations of Fannie Mae or of the Government National Mortgage Association, established under the National Housing Act, as amended, bonds of any Federal Home Loan Bank established under said act, bonds, debentures and other obligations of the Federal Home Loan Mortgage Corporation guaranteeing timely payment of principal and interest, bonds, notes, and other obligations issued by the Tennessee Valley Authority under the Tennessee Valley Authority Act, as amended, except, in each case, securities evidencing ownership interests in specified portions of the interest on or principal of such obligations; (3) commercial paper rated within the highest short-term Rating Category of each Rating Agency and issued by corporations (a) organized and operating within the United States; and (b) having total assets in excess of five hundred million dollars ($500,000,000); (4) bills of exchange or time drafts drawn on and accepted by a commercial bank the general obligations of which are rated within the highest short-term rating and the highest two Rating Categories by each Rating Agency, otherwise known as bankers acceptances, which are eligible for purchase by the Federal Reserve System, and negotiable certificates of deposits issued by a nationally or state chartered bank or savings and loan association which are insured by federal deposit insurance, or which are issued by an institution the general obligations of which are rated within the highest short-term rating and the highest two Rating Categories by each...