Preferred Stock Basic Maintenance Amount definition

Preferred Stock Basic Maintenance Amount means, as of any date on which the Surety Bond is not in effect, (x) the dollar amount equal to (a) the sum of (i) 100% of the aggregate principal amount of the Notes then outstanding; (ii) $100,250 times the number of shares of Preferred Stock then outstanding; (iii) the aggregate amount of accrued interest on the Notes then outstanding, from the most recent date to which interest has been paid or duly provided for (or, for purposes of calculating the Preferred Stock Basic Maintenance Amount prior to June 1, 1989 then from December 1, 1988) through the next succeeding Valuation Date, plus all interest to accrue on the Notes then outstanding during the 63 days following such Valuation Date; (iv) the aggregate amount of accumulated but unpaid dividends with respect to the Preferred Stock to such date; (v) the aggregate Projected Dividend Amount; (vi) the aggregate principal amount of any then outstanding indebtedness of the Corporation for money borrowed (other than the Notes) and (vii) the greater of $200,000 or the Corporation's current liabilities as of such date to the extent not otherwise reflected in any of (i) through (vi) above, less (b) the combined value of any Deposit Securities irrevocably deposited by the Corporation for the payment of principal of or interest on the Notes or redemptions of or dividend payments with respect to the Preferred Stock or (y) such other dollar amount calculated by a method established by the Rating Agencies in their sole discretion and designated in writing to the Corporation.

Preferred Stock Basic Maintenance Amount means, as of any date, the sum of (i) the aggregate liquidation preference of the shares of Fund Preferred Stock outstanding, (ii) to the extent not covered in (i), the aggregate amount of accumulated but unpaid cash dividends with respect to the shares of Fund Preferred Stock outstanding, (iii) the aggregate principal amount of any other then outstanding indebtedness of the Fund for money borrowed, (iv) an amount equal to the sum of (x) the aggregate accrued but unpaid interest on the indebtedness referred to in the foregoing clause (iii) and (y) an amount equal to 70 days of additional accrued interest on such indebtedness at the then-current interest rate(s) borne by such indebtedness, (v) the aggregate Projected Dividend Amount, (vi) redemption premium, if any, and (vii) the greater of $200,000 or an amount equal to projected expenses of the Fund (including, without limitation, fee and indemnification obligations of the Fund incurred in connection with any commercial paper program undertaken by the Fund or with any credit facility related thereto) for the next three month period.

Preferred Stock Basic Maintenance Amount means the Moody’s Preferred Stock Basic Maintenance Amount (if Moody’s is then rating the APS), the S&P Preferred Stock Basic Maintenance Amount (if S&P is then rating the APS) or a Substitute Rating Agency Basic Maintenance Amount (if a Substitute Rating Agency is then rating the APS), as the case may be.

Examples of Preferred Stock Basic Maintenance Amount in a sentence

• We conclude that, under these facts, Lyle waived his right to compel arbitration because he substantially invoked the litigation process.

• The obligation to return such collateral shall not be included as an obligation/liability for purposes of calculating the Preferred Stock Basic Maintenance Amount.

• Notwithstanding the foregoing, the amount of Eligible Common Stocks issued by public utility companies with nuclear facilities under construction (as determined by the Fund’s investment adviser) which may be included in the aggregate Discounted Value of the Fund’s Eligible Assets for purposes of comparison with the Preferred Stock Basic Maintenance Amount shall be limited to five percent of the Market Value of the Eligible Assets.

• The Fund may not enter into an option or futures transaction unless, after giving effect thereto, the Fund would continue to have Fitch Eligible Assets with an aggregate Discounted Value equal to or greater than the Preferred Stock Basic Maintenance Amount.

• For purposes of determining whether the Fund has Moody's Eligible Assets with an aggregate Discounted Value that equals or exceeds the Preferred Stock Basic Maintenance Amount, the Discounted Value of all Forward Commitments (defined below) to which the Fund is a party and of all securities deliverable to the Fund pursuant to such Forward Commitments shall be zero.

• A bacterium in this VBNC state is defined by Oliver (1993) as “a cell which can be demonstrated to be metabolically active, while being incapable of undergoing the sustained cellular division required for growth in or on a medium normally supporting growth of that cell.” The difference observed between viable and INT counts suggests the existence within the starving population of a subpopulation of non-viable cells (having INT activity) that is about 10-fold more numerous than the viable cells.

• Future And Call Options: For purposes of the Preferred Stock Basic Maintenance Amount, futures held by the Fund and call options sold by the Fund shall not be included as Moody's Eligible Assets.

• For purposes of determining whether the Fund has Moody's Eligible Assets with an aggregate Discounted Value that equals or exceeds the Preferred Stock Basic Maintenance Amount, the Discounted Value of Forward Commitments will be calculated by applying the respective Moody's Discount Factor.

• A failure by the Fund to deliver a Preferred Stock Basic Maintenance Report pursuant to the preceding sentence shall be deemed to be delivery of a Preferred Stock Basic Maintenance Report indicating the Discounted Value for all assets of the Fund is less than the Preferred Stock Basic Maintenance Amount, as of the relevant Valuation Date.

• The amount of the net payment obligation and the cost of a closing transaction, as appropriate, on any derivative instrument on a Valuation Date will be counted as a liability for purposes of determining the Preferred Stock Basic Maintenance Amount.

More Definitions of Preferred Stock Basic Maintenance Amount

Preferred Stock Basic Maintenance Amount means, initially, as of any date, the sum of (i) the aggregate liquidation preference of the shares of Fund Preferred Stock outstanding, (ii) to the extent not covered in (i), the aggregate amount of accumulated but unpaid cash dividends with respect to the shares of Fund Preferred Stock outstanding, (iii) the aggregate principal amount of, and an amount equal to accrued but unpaid interest on, any other then