Uninvested Proceeds means, at any time, the net proceeds received by the Issuer on the Closing Date from the initial issuance of the Securities, to the extent such proceeds have not been deposited into the Expense Account pursuant to Section 10.4(a) or invested in Collateral Debt Securities in accordance with the terms of this Indenture.
Uninvested Proceeds means, at any time on or prior to the Ramp-Up Completion Date, the net proceeds received by the Issuer on the Closing Date from the initial issuance of the Notes and Preference Shares, to the extent such proceeds have not theretofore been invested in Collateral Debt Securities or deposited in the Expense Account.
Uninvested Proceeds means, at any time, the net proceeds received by the Issuer from the issuance of the Notes standing to the credit of the Uninvested Proceeds Account;
Examples of Uninvested Proceeds in a sentence
All interest and other income from such investments shall be deposited in the Uninvested Proceeds Account, any gain realized from such investments shall be credited to the Uninvested Proceeds Account, and any loss resulting from such investments shall be charged to the Uninvested Proceeds Account.
Each of the Collection Account, the Payment Account, the Expense Reserve Account, the Custodial Account, the Credit Facility Reserve Account, the Permitted Use Account, the Uninvested Proceeds Account and each Hedge Counterparty Collateral Account.
Those Eligible Investments purchased with Principal Proceeds, Uninvested Proceeds or proceeds of the issuance of Additional Notes (if any).
The Issuer may, prior to the Ramp-Up Completion Date, use funds on deposit in the Uninvested Proceeds account to acquire Collateral Debt Securities in accordance with the terms of Section 7.18.
The Trustee shall not in any way be held liable by reason of any insufficiency of such Uninvested Proceeds Account resulting from any loss relating to any such investment.
More Definitions of Uninvested Proceeds
Uninvested Proceeds means, at any time, the net proceeds received by the Issuer on the Original Issue Date from the issuance of the Notes to the extent such proceeds are held in cash or Eligible Investments, have not previously been invested in Portfolio Collateral and have not previously become Euro Principal Proceeds pursuant to paragraph (c) of the definition of "Euro Principal Proceeds".
Uninvested Proceeds means, at any time, the net proceeds received by the Issuer on the Closing Date from the initial issuance of the Rated Notes and Income Notes, to the extent such proceeds have not theretofore been invested in Collateral Debt Securities.
Uninvested Proceeds means, at any time, the net proceeds received by the Issuer on the Closing Date from (x) the initial issuance of the Offered Securities (other than the funds needed to pay organizational and structuring fees and expenses of the Co-Issuers (including, without limitation, the legal fees and expenses of counsel to the Co-Issuers, the Initial Purchasers, the Trustee, the Hedge Counterparties and the Collateral Manager), the fees and expenses payable in connection with the ratings of the Notes and the other expenses related to the offering of the Offered Securities (including fees payable to the Initial Purchasers in connection with the underwriting and placement of the Offered Securities)) and (y) any upfront payments paid to the Issuer under the Hedge Agreements or the Basis Swap Agreement, in each case to the extent such proceeds have not been deposited in the Expense Account or the Interest Reserve Account or invested in Collateral Debt Securities (including the deposit of any required amounts in a Synthetic Security Counterparty Account).
Uninvested Proceeds means at any time, the net proceeds received by the Issuer on the Closing Date from the initial issuance of the Notes and the Preference Shares and the Up Front Payment, to the extent such proceeds (i) have not been deposited in the Expense Account or the Interest Reserve Account, (ii) are not subject to a commitment to invest, or have not been invested in, Collateral Debt Securities, in each case in accordance with the Indenture or (iii) have not been deposited in a Synthetic Security Counterparty Account.
Uninvested Proceeds means, at any time, the net proceeds received by the Issuer on the Closing Date from(x) the initial issuance of the Offered Securities (net of all expenses related to the offering of the Offered Securities) and (y) any net premium payable by the Interest Rate Hedge Counterparty to the Issuer pursuant to any Hedge Agreement, to the extent such proceeds have not been deposited in the Expense Account, the Reserve Account or invested in Collateral Debt Securities (including the deposit of any required amounts in a Synthetic Security Counterparty Account and including the purchase of accrued interest on any Collateral Debt Security). Gains paid to the Issuer on the Closing Date with respect to the sale of U.S. treasury securities acquired in connection with warehousing arrangements entered into prior to the Closing Date shall also be treated as “Uninvested Proceeds” and shall be deposited in the Reserve Account on the Closing Date.
Uninvested Proceeds means, at any time, the net proceeds received by the Issuer on the Closing Date from the initial issuance of the Offered Securities to the extent such proceeds have not been
Uninvested Proceeds means, at any time, the net proceeds received by the Issuer from the issuance of the Securities, to the extent such proceeds are held in cash or Eligible Investments, which have not previously been invested in Collateral Debt Securities, been deposited into the Expense Account or Revolving Reserve Accounts or have not previously become Principal Proceeds pursuant to clause (3) of the definition of "Principal Proceeds".