Cash Investments

Cash Investments. Shall mean the following which is Borrower's investment policy, as of the Closing Date, except that items (c)(1) and (5) have been modified: (a) Liquidity 1. The portfolio average maturity will be 1.25 years or less with a maximum maturity of 24 months for any single obligation. (b) Diversification. No single issuer or guarantor (other than the United States Treasury and Federal Agencies) may represent more than 10% of the total value of holdings. (c) Credit... Quality and Authorized Investments. View More