Second Tier Security definition

Second Tier Security means any Eligible Security that is not a First Tier Security. Second Tier Conduit Secu- rity means any Conduit Security that is an Eligible Security that is not a First Tier Security.
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Second Tier Security means any El- igible Security that is not a First Tier Security.
Sample 1Sample 2Sample 3
Second Tier Security meansany Eligible Security that is not a First Tier Security. Second Tier ConduitSecurity shall mean any ConduitSecurity that is an Eligible Security that is not a First Tier Security.
Sample 1Sample 2

Examples of Second Tier Security in a sentence

  • Immediately after the Acquisition of any Second Tier Security, a money market fund shall not have invested more than one half of one percent of its Total Assets in the Second Tier Securities of any single issuer.(ii) Issuer diversification calculations.

  • Immediately after the Ac- quisition of any Demand Feature or Guarantee (or a security after giving effect to the Demand Feature or Guar- antee) that is a Second Tier Security, a money market fund shall not have in- vested more than five percent of its Total Assets in securities issued by or subject to Demand Features or Guaran- tees from the institution that issued the Demand Feature or Guarantee.(C) Demand Features or Guarantees Issued by Non-Controlled Persons.

  • Immediately after the Acquisi- tion of any Second Tier Security, a money market fund that is not a Tax Exempt Fund shall not have invested more than the greater of one percent of its Total Assets or one million dollars in securities issued by that issuer that are Second Tier Securities.(2) Tax Exempt Funds.

  • No money market fund shall Acquire a Second Tier Security with a remaining matu- rity of greater than 45 calendar days.

  • Immediately after the Ac- quisition of any Demand Feature or Guarantee (or a security after giving effect to the Demand Feature or Guar- antee) that is a Second Tier Security, a money market fund shall not have in- vested more than 2.5 percent of its Total Assets in securities issued by or subject to Demand Features or Guaran- tees from the institution that issued the Demand Feature or Guarantee.(C) Demand Features or Guarantees Issued by Non-Controlled Persons.

  • For a period of not less than three years from the date that the credit risks of a portfolio security were most recently reviewed, a written record of the determination that a portfolio security presents mini- mal credit risks and the Designated NRSRO ratings (if any) used to deter- mine the status of the security as an Eligible Security, First Tier Security or Second Tier Security shall be main- tained and preserved in an easily acces- sible place.

  • For a period of not less than three years from the date that the credit risks of a portfolio security were most recently reviewed, a written record of the determination that a portfolio security presents mini- mal credit risks and the NRSRO rat- ings (if any) used to determine the sta- tus of the security as an Eligible Secu- rity, First Tier Security or Second Tier Security shall be maintained and pre- served in an easily accessible place.(iv) Determinations With Respect to Ad- justable Rate Securities.

  • Immediately after the Acquisition of any Second Tier Security, a money market fund shall not have invested more than three percent of its Total Assets in Second Tier Securities.(iii) Securities Subject to Guarantees.

  • No money market fund shall Acquire a Second Tier Security with a remaining maturity of greater than 45 calendar days.

  • For a periodof not less than three years from the date that the credit risks of a portfolio security were most recently reviewed, a written record of the determination that a portfolio security presents minimal credit risks and the Designated NRSRO ratings (if any) used to determine the status of the security as an Eligible Security, First Tier Security or Second Tier Security shall be maintained and preserved in an easily accessible place.


More Definitions of Second Tier Security

Second Tier Security means any eli- gible security that is not a first tier se- curity.
Sample 1
Second Tier Security means any Eligible Security, as defined in Section IV that is not a First Tier Security.
Sample 1

Related to Second Tier Security

  • Other Security means any security acceptable to the commissioner other than security meeting the definition of Primary Security.

  • 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).

  • Cyber Security means the condition in which road vehicles and their functions are protected from cyber threats to electrical or electronic components.

  • Similar Security means a reference bond or reference bonds issued by the same issuer as the Reference Security having an actual or interpolated maturity comparable with the remaining term of the Notes that would be utilised, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Notes.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Permitted Security means any Security:

  • Loaned Security means any “security” which is delivered as a Loan under a Securities Loan Agreement; provided that, if any new or different security shall be exchanged for any Loaned Security by recapitalization, merger, consolidation, or other corporate action, such new or different security shall, effective upon such exchange, be deemed to become a Loaned Security in substitution for the former Loaned Security for which such exchange was made.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Exempt Security means any security that is expressly exempted from the preclearance or reporting requirements of the Code, where applicable.

  • Related Security means, with respect to any Receivable:

  • Issuer Secured Parties means the Trustee in respect of the Trustee Issuer Secured Obligations.

  • 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;

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Company Security means any class or series of equity or voting interest in the Company (but excluding any options, rights, warrants and appreciation rights relating to an equity or voting interest in the Company), including Common Shares and the Voting Share.

  • Covered Security means a security as defined in Section 2(a)(36) of the Act, which includes: any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, pre-organization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

  • Other Securitization Any commercial mortgage securitization trust that holds a Serviced Pari Passu Companion Loan or any successor REO Mortgage Loan with respect thereto.

  • Other Securitization Trust Any “issuing entity” (within the meaning of Item 1101(f) of Regulation AB) that holds a Serviced Companion Loan or successor REO Companion Loan (or any portion thereof or interest therein), as identified in writing to the parties to this Agreement.

  • Clearing Corporation Security means securities which are in the custody of or maintained on the books of a Clearing Corporation or a nominee subject to the control of a Clearing Corporation and, if they are Certificated Securities in registered form, properly endorsed to or registered in the name of the Clearing Corporation or such nominee.

  • Mortgage-related security means an obligation that is rated AA or higher (or the equivalent) by a securities rating agency recognized by the Securities Valuation Office of the NAIC and that either:

  • Other Secured Claim means any Secured Claim other than an Administrative Claim, Secured Tax Claim, DIP Facility Claim, or Prepetition Credit Agreement Claim.

  • Listed Security means any security of the Company that is listed or approved for listing on a national securities exchange or designated or approved for designation as a national market system security on an interdealer quotation system by the National Association of Securities Dealers, Inc.

  • Additional Pledged Collateral means all shares of, limited and/or general partnership interests in, and limited liability company interests in, and all securities convertible into, and warrants, options and other rights to purchase or otherwise acquire, stock of, either (i) any Person that, after the date of this Agreement, as a result of any occurrence, becomes a direct Subsidiary of any Grantor or (ii) any issuer of Pledged Stock, any Partnership or any LLC that are acquired by any Grantor after the date hereof; all certificates or other instruments representing any of the foregoing; all Security Entitlements of any Grantor in respect of any of the foregoing; all additional indebtedness from time to time owed to any Grantor by any obligor on the Pledged Notes and the instruments evidencing such indebtedness; and all interest, cash, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, provided, that, in no event shall Additional Collateral include any Excluded Equity. Additional Pledged Collateral may be General Intangibles or Investment Property.

  • New Security means the establishment of a position which is not currently held by a client portfolio on the day the position is established.

  • Borrower Security Agreement means the Security Agreement, dated as of the date hereof, between Borrower and the Agent.

  • or "Security means any debt securities or debt security, as the case may be, authenticated and delivered under this Indenture.

  • Other Secured Claims means any Secured Claim against the Debtors that is not an Administrative