Yankee Bonds definition

Yankee Bonds means bonds issued by foreign governments or provinces, supranational agencies or foreign corporations, offered and sold in the United States and denominated in U.S. dollars, which bonds (a) provide for the periodic payment of interest thereon in cash, (b) do not provide for conversion or exchange into equity capital at any time over their respective lives, (c) have been registered under the Securities Act of 1933, as amended, (d) have a remaining term to maturity of 30 years or less, and (e) have not had notice given in respect thereof that any such corporate debt obligations are the subject of an offer by the issuer thereof of exchange or tender for cash, securities or any other type of consideration (except that Yankee Bonds and Corporate Bonds, together, in an amount not exceeding 10% of the aggregate value of the Corporation’s assets at any time shall not be subject to the provisions of this clause (e)). In addition, with respect to Moody’s, no debt obligation held by the Corporation shall be deemed a Yankee Bond (i) if it fails to meet the criteria in column (1) below or (ii) to the extent (and only to the proportionate extent) the acquisition or holding thereof by the Corporation causes the Corporation to exceed any applicable limitation set forth in column (2) or (3) below as of any relevant Valuation Date (provided that in the event that the Corporation shall exceed any such limitation, the Corporation shall designate, in its sole discretion, the particular Yankee Bond(s) and/or portions thereof which shall be deemed to have caused the Corporation to exceed such limitation):

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Yankee Bonds means U.S. dollar-denominated Corporate Debt issued by non-U.S. issuers or foreign subsidiaries of U.S. issuers and predominantly traded in U.S. markets. For purposes of this definition, Yankee Bonds will also include so called “Euro Bonds” and “Global Bonds,” which are U.S. dollar denominated and issued by non-U.S. issuers or foreign subsidiaries of U.S. issuers.

Yankee Bonds means the $750,000,000 6.375 per cent. notes due 2003, the $650,000,000 6.625 per cent. notes due 2005, the $400,000,000 6.750 per cent. notes due 2008 and the $700,000,000 6.75 per cent. notes due 2008, issued by the Target pursuant to an indenture dated 6 March 1998 between the Target and Citibank, N.A. -45- 49 1.2 INTERPRETATION Any reference in this Agreement to:

Examples of Yankee Bonds in a sentence

• Corp and plc undertake to procure the issue of Yankee Bonds in definitive form and Eurobonds in individual global form to the Definitive Holders named in duly completed Account Holder Letters submitted on or before 5.00pm (New York time) on 17th April, 2003.

• We also refer to the Trust Deeds dated 30th March, 2000 (each as supplemented) between plc, Corp and The Law Debenture Trust Corporation p.l.c. (the EUROBOND TRUSTEE) relating to Eurobonds issued by Corp and guaranteed by plc (the TRUST DEEDS) and the Indenture dated 19th September, 2000 (as supplemented) between plc, Corp and The Bank of New York (the YANKEE BOND TRUSTEE) relating to Yankee Bonds issued by Corp and guaranteed by plc (the INDENTURE).

• The sub-advisor then eliminates foreign companies, Yankee Bonds and alcohol, tobacco, gambling, and defense companies and evaluates the remaining issues based on the sustainability of their operations and their consideration for environmental, social, and governance (“ESG”) principles as an integrated part of the sub-advisor’s evaluation and investment process.

• Governments other than the United States, other foreign governmental and public sector agencies, international organizations and agencies (Yankee Bonds).

• For purposes of this Agreement, the securities commonly known as "Yankee Bonds", and derivative products based thereon, and U.S. Dollar denominated bank deposits located outside of the United States, commonly known as "Eurodollars", and derivative products based on interest rates thereon, are considered to be not clearly principally traded or quoted outside of any of the North American countries specified in Schedule D.

• Such investments include obligations of the U.S. Treasury, U.S. Government agencies, U.S. investment-grade corporate debt, mortgage- backed obligations and U.S. dollar denominated obligations of foreign governments (Yankee Bonds).

More Definitions of Yankee Bonds

Yankee Bonds means the $292.3 million in aggregate principal amount outstanding of 7.5% Debentures due 2025 issued by SKTF DAC.

Yankee Bonds means all or any of the bonds comprising the Yankee Issues;

Yankee Bonds means all or any of the bonds comprising the Yankee Issues; and YANKEE ISSUES means the US$900,000,000 7 3/4 per cent. bonds due 2010 and the US$900,000,000 8 3/8 per cent. bonds due 2030 both issued by Corp and both guaranteed by plc.

Yankee Bonds means the 8.5% debentures due 2025 of Legrand S.A. issued pursuant to an indenture dated February 1, 1995 between Legrand S.A. and Bankers Trust Company, as trustee.

Yankee Bonds. They are the bonds with their accrued interest, issued by Embonor acting through its Agency in Cayman Islands under the Indenture Contract dated March 25, 1999, the Trustee of which is the Bank of New York, owned by ELSA.