Oil Securities definition

Oil Securities means undated limited recourse secured oil securities of any class of the Principal Amount of the Issuer to be issued pursuant to, and constituted by, the Trust Instrument where the Redemption Amount is linked to any kind of oil or oil products (including without limitation gas oil, heating oil and refined petroleum products), the price of any such or of futures, options, strips or spread transactions in or in relation to any of them and includes the Brent 1mth Oil Securities, WTI 2mth Oil Securities, Brent 1yr Oil Securities, WTI 1yr Oil Securities, Brent 2yr Oil Securities, WTI 2yr Oil Securities, Brent 3yr Oil Securities and the WTI 3yr Oil Securities;
View Source
Oil Securities means undated limited recourse secured oil securities of any class of the Principal Amount of the Issuer to be issued pursuant to, and constituted by, the Trust Instrument;
View Source

Examples of Oil Securities in a sentence

  • The daily Face Amount for each type of Securities (i.e., Crude Oil Securities, Natural Gas Securities, Gasoline Securities, and Heating Oil Securities) was calculated for each day as follows: the number of that type of Securities outstanding on that day X the net asset value of each of that type of Securities.

Related to Oil Securities

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Securities as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

  • Series B Securities means the Company's Series B 9.25% Junior Subordinated Deferrable Interest Debentures due February 1, 2027, as authenticated and issued under this Indenture.

  • Individual Securities shall have the meaning specified in Section 3.01(p).