Cash Equivalent Investments

Cash Equivalent Investments. Means (i) short-term obligations of, or fully guaranteed by, the United States of America with maturities of not more than 180 days and maintained with a Lender or an Affiliate of a Lender, (ii) demand deposit and money market accounts maintained in the ordinary course of business with a Lender or an Affiliate of a Lender, and (iii) certificates of deposit issued by and time deposits with a Lender or an Affiliate of a Lender; provided, that in each case with respect to the foregoing clauses... (i), (ii) and (iii) that the same are not pledged as security for any indebtedness or other obligations. View More

Cash Equivalent Investments. (a) direct obligations of the United States Government or any agencies thereof and obligations guaranteed by the United States Government, in each case having remaining terms to maturity of not more than 30 days; and (b) certificates of deposit, time deposits and acceptances, having remaining terms to maturity of not more than 60 days issued by United States banks which have a combined capital and surplus of at least $1,000,000,000 and having an "A" rating or better assigned thereto by Standard... & Poor's Ratings Group, a Division of The McGraw Hill Companies, Inc. or Moody's Investors Service, Inc. View More