DURATION LIMITS Clause Samples

DURATION LIMITS. (a) 70-day maximum weighted average maturity for the entire Collateral Account (using the reset period for floating rate assets) (b) 270-day maximum maturity for commercial paper (c) 397-day maximum maturity for (i) fixed rate investments and (ii) floating rate investments that reset quarterly or more frequently (d) 20% minimum invested in overnight maturities
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DURATION LIMITS. 3.1. The duration of the portfolio shall be consistent with the cash needs of Granite. 3.2. All working capital investments are limited to an average maturity of one year from date of settlement. 3.3. Any investment with maturities longer than one year must be invested in instruments issued, guaranteed, or insured by the U.S. Government or any of its Agencies, Municipal Bonds, and/or Corporate Bonds as specified in the Investment Matrix for Working Capital and Escrow Portfolios guidance document. 3.4. The average maturity of the escrow portfolio and escrow deposit agreements shall not exceed five years.
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Related to DURATION LIMITS

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Transaction Limits You understand and acknowledge that your use of the Services is subject to a limit on volume (in fiat currency terms) that you may transact in a given time period. Such limits may vary, at our sole discretion, depending on a variety of factors, and we may apply higher limits to certain Account holders at our discretion.

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • ANNUAL LIMITATION Notwithstanding anything contained in this Agreement to the contrary, and with respect to each Tax Year of the Tax Limitation Period beginning after the first Tax Year of the Tax Limitation Period, in no event shall (i) the sum of the maintenance and operations ad valorem taxes paid by the Applicant to the District for such Tax Year, plus the sum of all payments otherwise due from the Applicant to the District under Articles IV, V, and VI of this Agreement with respect to such Tax Year, exceed (ii) the amount of the maintenance and operations ad valorem taxes that the Applicant would have paid to the District for such Tax Year (determined by using the District’s actual maintenance and operations tax rate for such Tax Year) if the Parties had not entered into this Agreement. The calculation and comparison of the amounts described in clauses (i) and (ii) of the preceding sentence shall be included in all calculations made pursuant to Article IV of this Agreement, and in the event the sum of the amounts described in said clause (i) exceeds the amount described in said clause (ii), then the payments otherwise due from the Applicant to the District under Articles IV, V, and VI shall be reduced until such excess is eliminated.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.