Variable Rate Security means a se- curity the terms of which provide for the adjustment of its interest rate on set dates (such as the last day of a month or calendar quarter) and that, upon each adjustment until the final maturity of the instrument or the pe- riod remaining until the principal amount can be recovered through de- mand, can reasonably be expected to have a market value that approximates its amortized cost.
Variable Rate Security means any security or other instrument that is convertible into or exercisable or exchangeable for Common Stock at a fluctuating conversion or exercise price or exchange ratio.
Variable Rate Security means a se- curity the terms of which provide for the adjustment of its interest rate on set dates (such as the last day of a month or calendar quarter) and that, upon each adjustment until the final maturity of the instrument or the pe- riod remaining until the principal amount can be recovered through de- mand, can reasonably be expected to have a market value that approximates its amortized cost.(b) Holding Out and Use of Names and Titles. (1) It shall be an untrue state- ment of material fact within the mean- ing of section 34(b) of the Act (15 U.S.C. 80a–33(b)) for a registered investment company, in any registration state- ment, application, report, account, record, or other document filed or transmitted pursuant to the Act, in- cluding any advertisement, pamphlet, circular, form letter, or other sales lit- erature addressed to or intended for distribution to prospective investors that is required to be filed with the Commission by section 24(b) of the Act (15 U.S.C. 80a–24(b)), to hold itself out to investors as a money market fund or the equivalent of a money market fund, unless such registered investment company meets the conditions of para- graphs (c)(2), (c)(3) and (c)(4) of this section.(2) It shall constitute the use of a materially deceptive or misleading name or title within the meaning of section 35(d) of the Act (15 U.S.C. 80a– 34(d)) for a registered investment com- pany to adopt the term ‘‘money mar- ket’’ as part of its name or title or the name or title of any redeemable securi- ties of which it is the issuer, or to adopt a name that suggests that it is a money market fund or the equivalent of a money market fund, unless such registered investment company meets the conditions of paragraphs (c)(2), (c)(3), and (c)(4) of this section.(3) For purposes of this paragraph, a name that suggests that a registered investment company is a money mar- ket fund or the equivalent thereof shall include one that uses such terms as 17 CFR Ch. II (4–1–09 Edition)‘‘cash,’’ ‘‘liquid,’’ ‘‘money,’’ ‘‘ready as- sets’’ or similar terms.(c) Share Price Calculations. The cur- rent price per share, for purposes of distribution, redemption and repur- chase, of any redeemable security issued by any registered investment company (‘‘money market fund’’ or ‘‘fund’’), notwithstanding the require- ments of section 2(a)(41) of the Act (15U.S.C. 80a–2(a)(41)) and of §§ 270.2a–4 and 270.22c–1 thereunder, may be computed by use of the Amortized Cost Method or the Penny-Rou...
Examples of Variable Rate Security in a sentence
A Variable Rate Security, the principal amount of which, in accordance with the terms of the security, must uncon- ditionally be paid in 397 calendar days or less shall be deemed to have a matu- rity equal to the earlier of the period remaining until the next readjustment of the interest rate or the period re- maining until the principal amount can be recovered through demand.
A Variable Rate Security, the principal amount of which is scheduled to be paid in more than 397 calendar days, that is subject to a Demand Feature, shall be deemed to have a maturity equal to the longer of the period re- maining until the next readjustment of the interest rate or the period remain- ing until the principal amount can be recovered through demand.
The Record Date with respect to any Interest Payment Date for a Variable Rate Security shall be the date 15 calendar days (whether or not a business day) preceding such Interest Payment Date.
A Government Security that is a Variable Rate Security where the vari- able rate of interest is readjusted no less frequently than every 762 calendar days shall be deemed to have a matu- rity equal to the period remaining until the next readjustment of the in- terest rate.
A Government Security that is a Variable Rate Security where the vari- able rate of interest is readjusted no less frequently than every 397 calendar days shall be deemed to have a matu- rity equal to the period remaining until the next readjustment of the in- terest rate.
More Definitions of Variable Rate Security
Variable Rate Security means any Parity Security that bears interest at a rate that is subject to change prior to the maturity of such security to one or more other interest rates that cannot be determined in advance.
Variable Rate Security meansa security the terms of which provide for the adjustment of its interest rate on set dates (such as the last day of amonth or calendar quarter) and which, upon each adjustment until the finalmaturity of the instrument or the period remaining until the principal amountcan be recovered through demand, canreasonably be expected to have a market value that approximates its amortizedcost.
Variable Rate Security means a security the terms of which provide for the adjustment of its interest rate on set dates (such as the last day of a month or calendar quarter) and that, upon each adjustment until the final maturity of the instrument or the period remaining until the final maturity of the instrument or the period remaining until the principal amount can be recovered through demand, can reasonably be expected to have a market value that approximates its amortized cost.
Variable Rate Security means a security the terms of which provide for the adjust- ment of its interest rate on set dates (such as the last day of a month or calendar quar- ter) and that, upon each adjustment until the final maturity of the instrument or the period remaining until the principal amount can be recovered through demand, can rea- sonably be expected to have a market value that approximates its amortized cost.
Variable Rate Security. 4(d)(ii)(B) “Warrant Shares’ Preamble
Variable Rate Security means a security the terms of which provide for the adjustment of its interest rate on set dates (such as the last day of a monthor calendar quarter) and that, upon each adjustment until the final maturity ofthe instrument or the period remaining until the principal amount can berecovered through demand, canreasonably be expected to have a market value that approximates its amortizedcost.
Variable Rate Security meansa security the terms of which provide for the adjustment of its interest rate on set dates (such as the last day of amonth or calendar quarter) and which, upon each adjustment until the finalmaturity of the instrument or the period remaining until the principal amountcan be recovered through demand, canreasonably be expected to have a market value that approximates its amortizedcost.(b) Holding Out and Use of Names and Titles. (1) It shall be an untrue statement of material fact within themeaning of section 34(b) of the Act (15U.S.C. 80a–33(b)) for a registeredinvestment company, in any registration statement, application, report, account,record, or other document filed or transmitted pursuant to the Act,including any advertisement, pamphlet, circular, form letter, or other salesliterature addressed to or intended for distribution to prospective investorsthat is required to be filed with theCommission by section 24(b) of the Act (15 U.S.C. 80a–24(b)) to hold itself out to investors as a money market fund or the equivalent of a money market fund, unless such registered investmentcompany meets the conditions ofparagraphs (c)(2), (c)(3) and (c)(4) of this section.(2) It shall constitute the use of amaterially deceptive or misleading name or title within the meaning ofsection 35(d) of the Act [15 U.S.C. 80a– 34(d)] for a registered investmentcompany to adopt the term ‘‘moneymarket’’ as part of its name or title or the name or title of any redeemablesecurities of which it is the issuer, or to adopt a name which suggests that it is, a money market fund or the equivalentof a money market fund, unless such registered investment company meets the conditions of paragraphs (c)(2), (c)(3), and (c)(4) of this section.(3) For purposes of this paragraph, aname which suggests that a registeredinvestment company is a money market fund or the equivalent thereof shallinclude one which uses such terms as ‘‘cash,’’ ‘‘liquid,’’ ‘‘money,’’ ‘‘readyassets’’ or similar terms.