United States Treasury Obligations definition
Examples of United States Treasury Obligations in a sentence
In addition to the Escrowed Securities listed in the Report, the Escrow Agent shall reinvest cash balances shown in the Report in United States Treasury Obligations - State and Local Government Series with an interest rate equal to zero percent (0%) to the extent (i) such Treasury Obligations are available from the Department of the Treasury and (ii) such reinvestments are called for in the Report.
In addition to the Escrowed Securities listed in the Report, the Escrow Agent shall reinvest cash balances shown in the Report in United States Treasury Obligations - State and Local Government Series with an interest rate equal to zero percent (0%) to the extent such Obligations are available from the Department of the Treasury.
United States Treasury Obligations and uninvested cash sufficient to pay the Prepayment Price have been deposited with the Escrow Agent.
As used herein, the term "Permitted Investments" shall mean (a) United States Treasury Obligations having a term to maturity of no more than 180 days, (b) money market bank accounts and mutual funds, provided that the amount invested in money market bank accounts and mutual funds shall not exceed $10,000 and (c) any other investment approved by Sellers and Buyer in writing.
Moneys in the amount of $ will be applied to purchase: [United States Treasury bills, bonds, notes, or certificates of indebtedness (including United States Treasury Obligations – State and Local Government Series (“SLGS”)) for which the full faith and credit of the United States are pledged for the payment of principal and interest] (the “Defeasance Securities”), and $ of said moneys in the Escrow Fund will be held uninvested as cash.
However, in addition to the Escrowed Securities listed in the Report, the Escrow Agent shall reinvest cash balances as shown in the Report in United States Treasury Obligations - State and Local Government Series with an interest rate equal to zero percent (0%) to the extent such Treasury Obligations are available from the Department of the Treasury.
United States Treasury Obligations and uninvested cash sufficient to pay the Redemption Price have been deposited with the Escrow Agent.
The interest earned on the Deferred Compensation shall be determined as if the Deferred Compensation earned monthly had been deposited in an account at the end of each month, which account, plus interest thereon, was invested at the yield of ten (10) year United States Treasury Obligations as of the first day of each month for that month ("Interest").
The Escrow Agent is instructed to invest the proceeds described in clause (b) above in United States Treasury Obligations - State and Local Government Series, par amount of $ , bearing interest at the rate of %, and maturing on February 1_, 2021.
The "Make Whole Rate" means for --------------- any such prepayment (or portion thereof) the per annum rate of interest equal to the difference between (i) interest rate which would have been charged on the amounts outstanding, and (ii) the yield on United States Treasury Obligations as determined by the Lender as of the date of the prepayment for such obligations having a maturity approximately equal to the Remaining Term.