Reserve Security definition

Reserve Security means any bond insurance, security, letter of credit, guaranty, surety bond or similar credit enhancement device providing for or securing the payment of all or part of the principal of and interest on the Parity Obligations, issued by an institution which has been assigned a credit rating at the time of issuance of the Reserve Security that is in one of the two highest rating categories of at least one nationally recognized rating agency, without regard to any gradations within a rating category.
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Reserve Security means any bond insurance, reserve insurance, reserve surety, collateral, security, letter of credit, guaranty, surety bond or similar credit enhancement device providing for or securing the payment of all or part of the principal of and interest on Parity Bonds, issued by an institution which has been assigned a credit rating by a Rating Agency, at the time that such Reserve Security is obtained by the City, in one of the three highest rating categories without regard to gradations within those categories (i.e., Aaa, Aa or A). Investments purchased with cash deposited into the Reserve Account shall not constitute Reserve Securities.
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Reserve Security means any Qualified Insurance or Qualified Letter of Credit
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Examples of Reserve Security in a sentence

  • If at any time the City passes, adopts, or otherwise approves a supplement or amendment for any of the purposes of subsection 21.2 or 21.3, the Bond Registrar shall cause notice of the proposed supplement or amendment to be given by first class mail (a) to all registered owners of the then outstanding Parity Obligations, (b) to each provider of a Reserve Security (if any), and (c) to each Rating Agency then providing a rating on the Parity Obligations.

  • Figure 17 PICO 3 long-term: Zurich Claudication Questionnaire, Patient satisfaction Zurich Claudication Questionnaire: Physical function ZCQ Physical function is the mean of five questions with four options to choose [range 1 to 4] and 1 as best option.

  • Funding sources are Master Plan Management Reserve, Security and Special systems, and Art Enrichment budgets.

  • Any Option granted under the Plan shall be exercisable during the Participant's lifetime only by the Participant.

  • The Reserve Security Fund may be either a separate account from the Operations account, or it may be a reserve fund held separately from the undergraduates by the alumni board.

  • Gupta, 2014, “Tapering Talk: The Impact of Expectations of Reduced Federal Reserve Security Purchases on Emerging Markets”, MPRA Working Paper 53040[8] Feroli M., A.K. Kashyap, K.L. Schoenholtz and H.S. Shin, 2014, “Market Tantrums and Mon- etary Policy”, U.S Monetary Policy Forum[9] Frank M.Z. and T.

  • Numerical results for CG-SPLS discretization for ω = 1 CG-P1-B(P1)h − hh 5.2. Numerical results on a 3D L-shaped domain.

  • The amount available 25 to be drawn upon under each such Alternate Reserve Security shall be credited against the amounts required to be maintained in the Reserve 26 Fund by paragraph (A) of this subsection.

  • True to this declaration, the government respected the rights/freedoms of the citizenry and the press.

  • Sunset LLC shall grant a security interest in the assets of Sunset LLC pursuant to the Reserve Security Instruments and the Security Agreement which shall serve as security for Sunset LLC's due and punctual performance of all obligations under the Consent and this Agreement and shall be a continuing lien on the assets of Sunset LLC for the term of this Agreement.


More Definitions of Reserve Security

Reserve Security means, in lieu of cash and investments, any bond insurance, collateral, security, letter of credit, guaranty, surety bond, or similar credit enhancement device providing for or securing the payment of all or part of the principal of and interest on Parity Bonds, issued by an institution that has been assigned a credit rating at the time that such Reserve Security is provided in the two highest rating categories without regard to gradations within those categories (i.e., AAA or AA).
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Reserve Security means any Qualified Insurance or Qualified Letter
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Reserve Security means any bond insurance, security, letter of credit, guaranty, surety bond or similar credit enhancement device providing for or securing the payment of all or part of the principal of and interest on the Parity Bonds, issued by an institution which has been assigned a credit rating at the time of issuance of the device in one of the two highest rating categories of each of at least two Rating Agencies (without regard to any gradations within a rating category). Upon redemption or defeasance of the Outstanding Parity Bonds, when calculating the Reserve Requirement, the City shall exclude from Annual Debt Service, an amount equal to the direct payment the City expects to receive in respect of the 2010B Bonds and any other Parity Bonds issued as Tax Credit Bonds. The preceding sentence shall take effect earlier if the City obtains consent to such amendment in accordance with Section ; all purchasers of the Bonds, by taking and holding the same, shall be deemed to have consented to such provision.
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Reserve Security means a surety bond, letter of credit or other financial instrument deposited in the Debt Service Reserve Account in lieu of cash and to be counted toward compliance with the Reserve Requirement.
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Reserve Security means any bond insurance, security, letter of credit, guaranty, surety bond or similar credit enhancement device providing for or securing the payment of all or part of the principal of and interest on the Parity Bonds, issued by an institution which has been assigned a credit rating at the time of issuance of the device in one of the two highest rating categories of each of at least two Rating Agencies (without regard to any gradations within a rating category), or in one of the three highest rating categories with the consent of the registered owners of at least 50% of the Parity Bonds then outstanding. The Registered Owners of the Bonds by taking and holding the same shall be deemed to have consented to this amendment.
Sample 1
Reserve Security means a surety bond or policy of insurance, obtained in lieu of cash and policy limit or stated amount equal to part or all of the Reserve Requirement. For so long as the bond insurance policy with respect to the 2009 Bonds is in effect, unless otherwise consented to by Assured Guaranty Corp., or its successor, the City shall not be permitted to fund future deposits to the Reserve Account with any Reserve Security provided by a Reserve Insurer which does not have assigned a credit rating at the time of issuance of such instrument in the highest rating category of each Rating Agency (without regard to any gradations within a rating category).
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Related to Reserve Security

  • Derivative Security means any right, option, warrant or other security convertible into or exercisable for Common Stock.

  • LCR Security means any commercial paper or security (other than equity securities issued to Parent or any Originator that is a consolidated subsidiary of Parent under GAAP) within the meaning of Paragraph .32(e)(viii) of the final rules titled Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 Fed. Reg. 197, 61440 et seq. (October 10, 2014).

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Regulation S Global Security The meaning specified in Section 3.01(c).

  • Rule 144A Global Security has the meaning specified in Section 2.1(a) of Appendix A.

  • Definitive Security means a certificated Security registered in the name of the Securityholder thereof and issued in accordance with Section 2.05.

  • 144A Global Security means a permanent Global Security in the form of the Security attached hereto as Exhibit A-1, and that is deposited with and registered in the name of the Depositary, representing Securities sold in reliance on Rule 144A under the Securities Act.

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • Restricted Definitive Security means a Definitive Security bearing the Private Placement Legend.

  • Exchange Security or a "Registrable Security" shall include a reference to the related Guarantee.

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Unrestricted Definitive Security means Definitive Securities and any other Securities that are not required to bear, or are not subject to, the Restricted Securities Legend.

  • Regulation S Global Note means a Regulation S Temporary Global Note or Regulation S Permanent Global Note, as appropriate.

  • Fixed Rate Security means a Security which provides for the payment of interest at a fixed rate.

  • Restricted Global Security As defined in Section 3.01(c).

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Derivative Securities means any securities or rights convertible into, or exercisable or exchangeable for (in each case, directly or indirectly), Common Stock, including options and warrants.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • Reference Security means the security specified as such in the relevant Final Terms. If a Reference Security is no longer outstanding, a Similar Security will be chosen by the Quotation Agent at 11:00 a.m. (CET) on the third Business Day preceding the Make-whole Redemption Date, quoted in writing by the Quotation Agent to the Issuer and published in accordance with Condition 12 (Notices).

  • Relevant Security means the Stock, any other equity security of the Company or any of its subsidiaries and any security convertible into, or exercisable or exchangeable for, any Stock or other such equity security.

  • Regulation S Global Certificate With respect to any Class of Book-Entry Non-Registered Certificates offered and sold to institutions that are non-United States Securities Persons in Offshore Transactions in reliance on Regulation S, a single global Certificate, or multiple global Certificates collectively, in definitive, fully registered form without interest coupon, each of which Certificates bears a Regulation S Legend.

  • Rule 144A Global Note has the meaning assigned to it in Section 2.1(d).

  • Exchange Note means the Closed-End Exchange Note.

  • Global Bond means the Original Global Bond and/or as the context may require any global bond representing any Further Bonds or any of them.

  • 144A Global Note means a Global Note substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the Notes sold in reliance on Rule 144A.

  • Regulation S Permanent Global Security means a permanent global Security in the form of Exhibit A hereto bearing the Global Security Legend and the Private Placement Legend and deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the Regulation S Temporary Global Security upon expiration of the Restricted Period.