Prime Commercial Paper definition

Prime Commercial Paper means commercial paper which is rated P-1 by Xxxxx'x Investors Services, Inc., or A-1 by Standard and Poor's Corporation, having a remaining term until maturity of not more than one year.

Examples of Prime Commercial Paper in a sentence

  • Prime Commercial Paper ‐ As defined by and in accordance with T.C.A., Section 9‐4‐602.

  • Prime Commercial Paper: An investment used by corporations to finance receivables.

  • Guidelines for the maximum limit for diversification are as follows: State Investment Pool 75%; Repurchase Agreements 50%; U.S. Treasury Obligations 100%; U.S. Agency Obligations 75%; Federal Instrumentalities 75%; Prime Commercial Paper 50%; Certificates of Deposit 25%; Money Market Funds 100%; and Time Deposits 25%.

  • The District shall limit the combined total of investments in Eligible Bankers Acceptances and Prime Commercial Paper to no more than 25 percent of the total portfolio and 5 percent per issuer.

  • The District shall limit the combined total of investments in Prime Commercial Paper and Eligible Bankers Acceptances to no more than 25% of the total portfolio and 5 percent per issuer.

  • The District shall limit the combined total of investments in Prime Commercial Paper and Eligible Bankers Acceptances to no more than 25 percent of the total portfolio and 5 percent per issuer.

  • The Town’s investment policy permits investments in the following type of obligations: • U.S. Treasury Obligations (maximum maturity of 60 months)• Federal Instrumentality Securities (maximum maturity of 60 months)• FDIC-insured Certificates of Deposit (maximum maturity of 18 months)• Prime Commercial Paper (maximum maturity of 9 months)• Repurchase Agreements• General Obligations and Revenue Obligations• Local Government Investment Pools• Money Market Mutual Funds IV.

  • RCA may invest in Prime Commercial Paper with a maturity not exceeding 270 days.

  • Any idle funds shall be held by the Partnership in the form of cash, direct obligations of the United States government or any state thereof, Prime Commercial Paper or bank certificates of deposit, as may be determined by the Management Committee.

  • The District will limit the combined total of investments in Prime Commercial Paper and Eligible Bankers Acceptances and Corporate Debt as describe under Authorized Investments and Transactions Investment Maturity and Liquidity RequirementsTo the extent possible, investments shall be matched to anticipated cash flow requirements.

Related to Prime Commercial Paper

  • Commercial Paper means, with respect to any Conduit Investor, the promissory notes issued in the commercial paper market by or for the benefit of such Conduit Investor.

  • Pooled Commercial Paper means Commercial Paper notes of a Conduit subject to any particular pooling arrangement by such Conduit, but excluding Commercial Paper issued by such Conduit for a tenor and in an amount specifically requested by any Person in connection with any agreement effected by such Conduit.

  • Commercial Paper Dealers means Merrill Lynch, Pierce, Fenner & Smith Incorporated and such other commercial paper dealer or dealers as the Corporation may from time to time appoint, or, in lieu of any thereof, their respective affiliates or successors.

  • Substitute Commercial Paper Dealers means such Substitute Commercial Paper Dealer or Dealers as the Corporation may from time to time appoint or, in lieu of any thereof, their respective affiliates or successors.

  • Approved Commercial Bank means a commercial bank with a consolidated combined capital and surplus of at least $5,000,000,000.

  • Commercial Paper Notes means any short-term promissory notes issued by or on behalf of a Conduit Lender with respect to financing any Loan hereunder.

  • Commercial Letter of Credit means any letter of credit or similar instrument issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary.

  • Reuters Screen US PRIME 1 Page” means the display on the Reuter Monitor Money Rates Service (or any successor service) on the “US PRIME 1” page (or any other page as may replace that page on that service) for the purpose of displaying prime rates or base lending rates of major United States banks.

  • Commercial Paper Rate means: (1) the

  • Commercial Service means water service provided by the water utility that the customer uses in the promotion of a business or business product that is a source of revenue or income to the customer or others using the premises.

  • Bank Bill Rate ’, for an Interest Period, means the average mid rate for Bills having a tenor closest to the Interest Period as displayed on the ‘‘BBSW’’ page of the Reuters Monitor System on the first day of that Interest Period as determined by the Calculation Agent.

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Scheduled Commercial Bank means any bank included in the second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934).

  • Index Provider means, in respect of a Sub-Fund, the person responsible for compiling the Index against which the relevant Sub-Fund benchmarks its investments and who holds the right to licence the use of such Index to the relevant Sub-Fund as set out in the relevant Appendix.

  • Fitch Rating means, at any time, the rating issued by Fitch and then in effect with respect to the Borrower’s senior unsecured long-term public debt securities without third-party credit enhancement (it being understood that if the Borrower does not have any outstanding debt securities of the type described above but has an indicative rating from Fitch for debt securities of such type, then such indicative rating shall be used for determining the “Fitch Rating”).

  • Fitch Ratings means Fitch Ratings Limited, an English corporation, and any successor thereto;

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Commercial LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding commercial Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements relating to commercial Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers at such time. The Commercial LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the total Commercial LC Exposure at such time.

  • Investment Grade Credit Rating means (i) a Credit Rating of Baa3 or higher given by Xxxxx’x, (ii) a Credit Rating of BBB- or higher given by S&P or (iii) a Credit Rating of BBB- or higher given by Fitch.

  • Commercial driver s license" means:

  • DBRS means DBRS, Inc., and its successors in interest.

  • Commercial Product means any such product as defined in FAR 2.101.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Credit Rating means, with respect to any entity, the rating then assigned to such entity’s unsecured, senior long-term debt obligations (not supported by third party credit enhancements) or if such entity does not have a rating for its senior unsecured long-term debt, then the rating then assigned to such entity as an issuer rating by S&P, Moody’s or any other rating agency agreed by the Parties as set forth in the Cover Sheet.

  • Reuters Screen US PRIME 1 Page means the display on the “US PRIME 1” page on the Reuters 3000 Xtra service, or any successor service, or any replacement page or pages on that service, for the purpose of displaying prime rates or base lending rates of major U.S. banks.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.