Mutual Fund Only XXX definition

Mutual Fund Only XXX means an XXX Account, established hereunder for the benefit of the Depositor and/or his or her Beneficiary or Beneficiaries, in which the Participant shall limit all direction of the investments in his or her Account to shares issued by a domestic Regulated Investment Company. Unless otherwise indicated or distinguished within this Agreement, the terms “Account,” “Custodial Account,” or “XXX,” when used in this Agreement shall include Mutual Fund Only IRAs.
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Examples of Mutual Fund Only XXX in a sentence

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX Custodial Account in order to confirm the Participant’s compliance with subsection (a) above.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX Custodial Account in order to confirm the Participant’s compliance with Article VIII, Section 4(a), of this Agreement, which limits all direction of investments in the Mutual Fund Only XXX to shares issued by a domestic Regulated Investment Company.

  • In the event the Participant elects a Mutual Fund Only XXX Custodial Account and does not limit all direction of investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Custodial Account from a Mutual Fund Only XXX to the appropriate Custodial Account type.

  • If a Participant selects a Mutual Fund Only XXX, the Participant shall limit all direction of investments in the Custodial Account to shares issued by a domestic Regulated Investment Company.

  • However, funds in a Mutual Fund Only XXX can be held temporarily in a cash or money market account while awaiting investment.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX in order to confirm the Participant’s compliance with Article VIII, section 4(a), of this Agreement, which limits investments in the Mutual Fund Only XXX to shares issued by a domestic Regulated Investment Company.

  • However, funds in a Mutual Fund Only XXX can be held in a cash or money market account while awaiting investment.

  • In the event the Participant elects a Mutual Fund Only XXX and does not limit investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Account from a Mutual Fund Only XXX to the appropriate Account type.

  • If a Participant selects a Mutual Fund Only XXX, the Participant shall limit investments in the Account to shares issued by a domestic Regulated Investment Company.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only XXX in order to confirm the Participant’s compliance with subsection (a) above.

Related to Mutual Fund Only XXX

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.

  • Sinking Fund Payment means, with respect to a particular Series, as of any particular date of calculation, the amount required to be paid in all events by the Corporation on a single future date for the retirement of Outstanding Bonds which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a Bond or by call for redemption at the election of the Corporation.

  • Public Xxxxxx shall have the meaning assigned to such term in Section 10.01(d).

  • the Independent Living Fund (2006 means the Trust of that name established by a deed dated 10th April 2006 and made between the Secretary of State for Work and Pensions of the one part and Margaret Rosemary Cooper, Michael Beresford Boyall and Marie Theresa Martin of the other part;

  • Interest-Only Period means the period from and including the first Borrowing Date and through and including the sixteenth (16th) Payment Date following the first Borrowing Date.

  • Duff & Xxxxxx means Duff & Xxxxxx Credit Rating Co.

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Sinking Fund Provisions [No sinking fund provisions] [The Designated Securities are entitled to the benefit of a sinking fund to retire $ principal amount of Designated Securities on in each of the years through at 100% of their principal amount plus accrued interest] [, together with [cumulative] [non-cumulative] redemptions at the option of the Company to retire an additional $ principal amount of Designated Securities in the years through at 100% of their principal amount plus accrued interest.] [If Designated Securities are Extendable Debt Securities, insert-- Extendable Provisions: The Designated Securities are repayable on , at the option of the holder, at their principal amount with accrued interest. The initial annual interest rate will be %, and thereafter the annual interest rate will be adjusted on , , and to a rate not less than % of the effective annual interest rate on obligations with year maturities as of the [interest date 15 days prior to maturity date] prior to such [insert maturity date].] [If Designated Securities are Floating Rate Debt Securities, insert-- Floating Rate Provisions: The initial annual interest rate will be % through [and thereafter will be adjusted [monthly] [on each , , and ] [to an annual rate of % above the average rate for -year [-month] [securities] [certificates of deposit] by and [insert names of banks].] [and the annual interest rate [thereafter] [from through ] will be the interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills plus % of the Interest Differential (the excess, if any, of (i) the then-current weekly average per annum secondary market yield for -month certificates of deposit over (ii) the then-current interest yield equivalent of the weekly average per annum market discount rate for -month Treasury bills); [from and thereafter the rate will be the then-current interest yield equivalent plus % of the Interest Differential].] 23

  • mandatory sinking fund payment has the meaning specified in Section 12.1.

  • Member contribution means a contribution under regulation 32;

  • LOCKHEED XXXXXX means LOCKHEED XXXXXX CORPORATION, acting through its companies or business units as identified on the face of this Contract. If a subsidiary or affiliate of LOCKHEED XXXXXX CORPORATION is identified on the face of this Contract, then "LOCKHEED XXXXXX" means that subsidiary or affiliate.

  • Independent Fund Director means an independent director of an investment company advised by Invesco.

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Compounded Daily XXXXX means the rate of return of a daily compound interest investment (with the daily Sterling Overnight Index Average as the Reference Rate for the calculation of interest) and will be calculated by the Principal Paying Agent (or such other party responsible for the calculation of the Rate of Interest, as specified in the applicable Final Terms Document) on the Interest Determination Date, as follows, and the resulting percentage will be rounded if necessary to the fourth decimal place, with 0.00005 being rounded upwards: where:

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Xxxxxxx Xxxxxxx Policy means the written policy of the Company pertaining to the sale, transfer or other disposition of the Company’s equity securities by members of the Board, officers or other employees who may possess material, non-public information regarding the Company, as in effect at the time of a disposition of any Stock.

  • Member Company means a “service recipient” as defined in Treasury Regulation § 1.409A-1(h)(3).

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Sinking Fund Account means the sinking fund account established and held by the Treasurer of Charleston County designed to provide for the payment of the principal of, premium, if any, and interest on the Bonds, as the same respectively fall due.

  • Union Xxxxxxx means an Employee in the bargaining unit who is elected or appointed by the Employees in the bargaining unit to act on behalf of those Employees;

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.

  • the Macfarlane (Special Payments) (No. 2) Trust means the trust of that name, established on 3rd May 1991 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia and other beneficiaries;