Type II Corporate Bonds definition

Type II Corporate Bonds as of any date means Corporate Bonds whose Moody's rating is at least Aa and whose S&P rating is at least AA+ to AA- as of such date.
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Type II Corporate Bonds as of any date means Corporate Bonds rated AA- to AA+ by Fitch.
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Type II Corporate Bonds means Corporate Bonds rated either at least AA- by Fitch or, if not rated by Fitch, rated at least AA- by S&P and at least Aa3 by Moody's which do not constitute Type I Corporate Bonds.
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Examples of Type II Corporate Bonds in a sentence

  • Includes Short Term Money Market Instruments which do not constitute Type I or Type II Corporate Bonds and which have a maturity greater than the Exposure Period.

  • The following assets, specifically Preferred Stock, Type I Corporate Bonds, Type II Corporate Bonds, Type III Corporate Bonds, and Type IV Corporate Bonds, having met the requirements set forth in the definition of "Other Permitted Securities" in the Articles Supplementary, shall be included as Other Permitted Securities for purposes of determining maintenance of the Fitch RP Basic Maintenance Amount.


More Definitions of Type II Corporate Bonds

Type II Corporate Bonds means Corporate Bonds whose present rating is no greater than "AA+"/"Aa1" and no less than " AA-"/"Aa3" by the Rating Agencies.
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Type II Corporate Bonds as of any date means Corporate Bonds whose rating is "AA+"/"Aal" to "AA-"/"Aa3" by the Rating Agencies as of such date.
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Type II Corporate Bonds as of any date means Corporate Bonds whose S&P rating is AA+ to AA- as of such date.
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Type II Corporate Bonds means Corporate Bonds whose present ratings are at least AA- by Fitch, if rated by Fitch, and if not rated by Fitch, at least AA- by Standard & Poor's and at least Aa3 by Moody's and that do not constitute Type I Corporate Bonds.
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Related to Type II Corporate Bonds

  • Corporate Bonds means debt securities issued by private and public corporations.

  • Corporate bond means a senior secured debt obligation issued by a domestic business entity and rated not lower than “AA-” or the equivalent by a nationally recognized investment rating firm. The term does not include a debt obligation that, on conversion, would result in the holder becoming a stockholder or shareholder in the entity, or any affiliate or subsidiary of the entity, that issued the debt obligation, or is an unsecured debt obligation. Gov’t Code 2256.0204(a)

  • Outstanding Bonds means any Bonds not redeemed or otherwise discharged.

  • Refunding Bonds means Bonds issued pursuant to provisions of this Master Indenture, the proceeds of which are used to refund one or more Series of Outstanding Bonds.

  • Subordinate Bonds means all Bonds but Senior Bonds.

  • Treasury Bonds means United States Treasury Bonds or Notes.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

  • Refunding Bond means any Bond authenticated and delivered on original issuance pursuant to the Second Resolution for the purpose of refunding any Outstanding Bonds, or thereafter authenticated and delivered pursuant to the Second Resolution in lieu of or substitution for such Bond.

  • Revenue bonds means the following types of instruments payable from the sources provided in the Central Valley Project Act: revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness.

  • Term Bonds means Bonds that mature on one date and that are subject to mandatory redemption from Amortization Installments or are subject to extraordinary mandatory or mandatory redemption upon receipt of unscheduled Pledged Revenues.

  • Existing Bonds means the following obligations of Seller:

  • CF Shadow Series means a series of Capital Stock that is identical in all respects to the shares of Capital Stock (whether Preferred Stock or another class issued by the Company) issued in the relevant Equity Financing (e.g., if the Company sells Series A Preferred Stock in an Equity Financing, the Shadow Series would be Series A-CF Preferred Stock), except that:

  • Bank Bonds means any Bonds purchased with moneys received under the Letter of Credit in connection with a Liquidity Drawing and held by the Tender Agent, or its agent, in each case, for the account of the Issuing Bank.

  • Class B-6 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class A-PO Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum as to each Outstanding Mortgage Loan, of the product of (x) the PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • First Mortgage Bonds means bonds issued by the Company pursuant to the Indenture.

  • Floating Rate Notes means the Class A-2b Notes.

  • 2021 Notes means the 4.700% Senior Notes due 2021, originally issued by Ensco plc (now Valaris), a public limited company organized under the laws of England and Wales.

  • Class B-3 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Global Preferred Security means a Preferred Securities Certificate evidencing ownership of Book-Entry Preferred Securities.

  • Original Principal Amount means $296,000,000 for the Class A-1 Notes, $330,000,000 for the Class A-2a Notes, $100,000,000 for the Class A-2b Notes, $428,000,000 for the Class A-3 Notes and $96,000,000 for the Class A-4 Notes.

  • Mortgage-backed Securities means securities that are secured or otherwise backed by Mortgage Loans.