Permitted Cash Investments means an investment in any of the following:
Permitted Cash Investments means an investment in any of the following:
(i) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the Government of Canada or the United States or of any province or state thereof, as applicable (or by any agency or instrumentality of any of the foregoing to the extent such obligations are backed by the full faith and credit of the Government of Canada or the United States or of such province or state, as applicable);
(ii) investments in certificates of deposit, bankers’ acceptances and time deposits maturing within 180 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of Canada or the United States or of any Canadian province or federal state in the United States having combined capital and surplus of not less than $300,000,000 or the Equivalent in any other currency; and
(iii) commercial paper of an issuer rated at least A-1+ or the equivalent thereof by a rating agency satisfactory to the Lender, and in each case maturing within six (6) months from the date of acquisition.
Permitted Cash Investments means (i) certificates of deposit or money market securities with maturities of three years or less issued by any United States, Australian, Canadian, Japanese or European commercial bank with capital, surplus and undivided profits of $500,000,000 or more; (ii) obligations issued by, or guaranteed by, the United States government and maturing within three years from the date of acquisition thereof; (iii) commercial paper, municipal bonds and similar instruments with maturities of three years or less rated at least P-1 or A-3, respectively, by Moodx'x Xxxestors Service, Inc., or rated at least A-1 or A, respectively, by Standard & Poor's Corporation, or receiving an equivalent rating from any other nationally recognized rating agency; (iv) repurchase or reverse repurchase agreements issued by any United States commercial bank with capital surplus and undivided profits of $500,000,000 or more; and (v) investments in money market funds or mutual funds that invest solely in investments described in clauses (i) through (iv).
Examples of Permitted Cash Investments in a sentence
The aggregate amount of all Permitted Cash Investments, cash and Equity Interests in all Deposit Accounts and all Securities Accounts owned by the Borrower for which a Control Agreement has not been delivered shall not exceed $200,000 at any time.
Without limiting in any way the provisions of Section 9.2(q), the Loan Parties undertake and agree that any funds, Permitted Cash Investments, cash or Equity Interests deposited or held in a Deposit Account or a Security Account not subject to a Control Agreement shall be transferred to a Deposit Account or a Security Account subject to a Control Agreement on no less than a weekly basis.
The aggregate amount of all Permitted Cash Investments, cash and Equity Interests in all Deposit Accounts and all Securities Accounts owned by the Loan Parties for which a Control Agreement has not been delivered shall not exceed $200,000 at any time.
All Securities in which any Loan Party owns any interest (other than Permitted Cash Investments) are Certificated Securities.
The aggregate amount of all Permitted Cash Investments, cash and Equity Interests in all Deposit Accounts and all Securities Accounts owned by any Obligor for which a Control Agreement has not been delivered shall not exceed $1,000,000 at any time.
More Definitions of Permitted Cash Investments
Permitted Cash Investments means each of the following Investments, provided that, as of the date of acquisition thereof, such Investment has a remaining maturity of six months or less: (i) securities issued or fully guarantied or insured by the United States Government or any agency thereof; (ii) certificates of deposit, overnight bank deposits, bankers' acceptances and repurchase agreements of Lender or any other commercial bank whose unsecured short term debt obligations are rated at least A 1 by Standard & Poor's Corporation or P 1 by Xxxxx'x Investors Service, Inc.; and (iii) commercial paper or other securities rated at least A 1 by Standard & Poor's Corporation or P 1 by Xxxxx'x Investors Services, Inc.
Permitted Cash Investments means any bank deposit account or financial intermediary account under the exclusive dominion and control of the Lender and in which the Lender has a duly created and perfected and sole security interest invested exclusively in (i) debt securities issued or fully guaranteed or insured by the United States Government or any agency thereof and backed by the full faith and credit of the United States maturing not more than one year from the date of acquisition, (ii) certificates of deposit, time deposits, Eurodollar time deposits, bankers' acceptances or deposit accounts having in each case a remaining term to maturity of not more than one year, which are either (i) fully insured by the Federal Deposit Insurance Corporation or (ii) issued by any commercial bank under the laws of any State or any national banking association that has combined capital and surplus of not less than $800,000,000 and whose short-term securities are rated at least A-1 by S&P or P-1 by Moody's, (iii) commercial paper that is rated at least A-1 by S&P or P-1 by Moody's, issued by a company that is incorporated under the laws of the United States or of any State and directly issues its own commercial paper, and has a remaining term to maturity of not more than one year, (iv) a repurchase agreement with (A) any commercial bank that is organized under the laws of any State or any national banking association and that has total assets of at least $1,000,000,000, or (B) any investment bank that is organized under the laws of any State and that has total assets of at least $1,000,000,000, if such agreement is secured by any one or more of the securities and obligations described in clauses (i), (ii) or (iii) of this definition having a market value (exclusive of accrued interest and valued at least monthly) at least equal to the principal amount of such investment, (v) any money market or other investment fund the investments of which are limited to investments described in clauses (i), (ii), (iii) and (iv) of this definition and which is managed by (A) a commercial bank that is organized under the laws of any State or any national banking association and that has total assets of at least $1,000,000,000, or (B) an investment bank that is organized under the laws of any State and that has total assets of at least $1,000,000,000.
Permitted Cash Investments means (a) securities issued or fully guaranteed or insured by the United States Government or any agency thereof and backed by the full faith and credit of the United States maturing not more than one year from the date of acquisition; (b) certificates of deposit, time deposits or Eurodollar time deposits having in each case a remaining term to maturity of not more than one year, which are either (i) fully insured by the Federal Deposit Insurance Corporation or (ii) issued by any commercial bank under the laws of any State or any national banking association that has combined capital and surplus of not less than $500,000,000 and whose short-term securities are rated at least A-1 by S&P or P-1 by Xxxxx’x; (c) commercial paper that is rated at least A-1 by S&P or P-1 by Xxxxx’x, issued by a company that is incorporated under the laws of the United States or of any State and directly issues its own commercial paper, and has a remaining term to maturity of not more than one year; (d) a repurchase agreement with a maturity date of no more than thirty (30) days with (i) any commercial bank that is organized under the laws of any State or any national banking association and that has net worth or capital and surplus of at least $500,000,000, or (ii) any investment bank that is organized under the laws of any State and that has net worth or capital and surplus of at least $500,000,000, which agreement is secured by any one or more of the securities and obligations described in clauses (a), (b) or (c) of this definition of Permitted Cash Investments, which shall have a market value (exclusive of accrued interest and valued at least monthly) at least equal to the principal amount of such investment; and (e) any money market or other investment fund the investments of which are limited to investments described in clauses (a), (b), (c) and (d) of this definition of Permitted Cash Investments and which is managed by (i) a commercial bank that is organized under the laws of any state or any national banking association and that has net worth or capital and surplus of at least $500,000,000, or (ii) an investment bank that is organized under the laws of any state and that has net worth or capital and surplus of at least $500,000,000.
Permitted Cash Investments means (i) certificates of deposit or money market securities with maturities of three years or less issued by any United States, Australian, Canadian, Japanese or European commercial bank with capital, surplus and undivided profits of $500,000,000 or more; (ii) obligations issued by, or guaranteed by, the United States government and maturing within three years from the date of acquisition thereof; (iii) commercial paper, municipal bonds and similar instruments with maturities of three years or less rated at least P-1 or A-3, respectively, by Xxxxx’x Investors Service, Inc., or rated at least A-1 or A, respectively, by Standard & Poor’s Corporation, or receiving an equivalent rating from any other nationally recognized rating agency; (iv) repurchase or reverse repurchase agreements issued by any United States commercial bank with capital surplus and undivided profits of $500,000,000 or more; and (v) investments in money market funds or mutual funds that invest solely in investments described in clauses (i) through (iv).
Permitted Cash Investments means (a) securities issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof), (b) U.S. dollar denominated (or foreign currency fully hedged) time deposits, certificates of deposit, Eurodollar time deposits or Eurodollar certificates of deposit of (i) any domestic commercial bank of recognized standing having capital and surplus in excess of $100.0 million or (ii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Xxxxx'x is at least P-1 or the equivalent thereof, in each case with maturities of not more than twelve months from the date of acquisition; and (c) repurchase agreements with a bank or trust company having capital and surplus in excess of $100.0 million for direct obligations issued by or fully guaranteed by the United States of America in which the Surviving Corporation will have a perfected first priority security interest (subject to no other liens) and having, on the date of purchase thereof, a fair market value of at least 100% of the amount of repurchase obligations.
Permitted Cash Investments means (a) securities issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America is pledged in support thereof), (b) U.S. dollar denominated (or foreign currency fully hedged) time deposits, certificates of deposit, Eurodollar time deposits or Eurodollar certificates of deposit of (i) any domestic commercial bank of recognized standing having capital and surplus in excess of $100.0 million or (ii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent thereof or from Moody's is at least P-1 or the equivalent thereof, in each case with maturities of not more
Permitted Cash Investments means (i) certificates of deposit or money market securities with maturities of one year or less issued by any United States commercial bank with capital, surplus, and undivided profits of $500,000,000 or more; (ii) obligations issued by, or guaranteed by, the United States government and maturing within one year from the date of acquisition thereof; (iii) commercial paper, municipal bonds and similar instruments with maturities of one year or less rated at least P2 or Aa, respectively, by Moodx'x Xxxestors Service, Inc., or rated at least A2 or AA, respectively, by Standard & Poor's Corporation, or receiving an equivalent rating from any other nationally recognized rating agency; (iv) repurchase or reverse repurchase agreements issued by any United States commercial bank with capital, surplus and undivided profits of $500,000,000 or more; and (v) investments in money market funds or mutual funds that invest solely in investments described in clauses (i) through (iv).