QRCP » Topics » Cash Equivalents

This excerpt taken from the QRCP 8-K filed Sep 17, 2009.
Cash Equivalents means:

 

(a)

United States Dollars;

(b)       direct general obligations, or obligations of, or obligations fully and unconditionally guaranteed as to the timely payment of principal and interest by, the United States or any agency or instrumentality thereof having remaining maturities of not more than thirteen (13) months, but excluding any such securities whose terms do not provide for payment of a fixed dollar amount upon maturity or call for redemptions;

(c)       certificates of deposit and eurodollar-time deposits with remaining maturities of thirteen (13) months or less, bankers acceptances with remaining maturities not exceeding one hundred eighty (180) days, overnight bank deposits and other similar short term instruments, in each case with any domestic commercial bank having capital and surplus in excess of $250,000,000 and having a rating of at least “A2” by Moody's or at least “A” by S&P;

(d)       repurchase obligations with a remaining term of not more than thirteen (13) months for underlying securities of the types described in (b) and (c) above entered into with any financial institution meeting the qualifications in (c) above;

(e)       commercial paper (having remaining maturities of not more than two hundred seventy (270) days) of any Person rated “P-1” or better by Moody's or “A-1” or the equivalent by S&P;

(f)        money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P or Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and

(g)       money market mutual or similar funds having assets in excess of $100,000,000, at least 95% of the assets of which are comprised of assets specified in clause (a) through (f) above, except that with respect to the maturities of the assets included in such funds the requirements of clauses (a) through (f) shall not be applied to the individual assets included in such funds but to the weighted-average maturity of all assets included in such funds.

This excerpt taken from the QRCP 10-Q filed May 12, 2008.
Cash Equivalents
 
For purposes of the consolidated financial statements, the Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.
 
These excerpts taken from the QRCP 10-K filed Mar 10, 2008.
Cash Equivalents
 
For purposes of the consolidated financial statements, the Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.
 
Cash
Equivalents



 



For purposes of the consolidated financial statements, the
Company considers investments in all highly liquid instruments
with original maturities of three months or less at date of
purchase to be cash equivalents.


 




These excerpts taken from the QRCP 10-K filed Jan 17, 2008.

Cash Equivalents

For purposes of the consolidated financial statements, the Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.

Cash Equivalents



For purposes of the consolidated financial statements, the Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.



This excerpt taken from the QRCP 10-Q filed May 10, 2007.

Cash Equivalents

For purposes of the consolidated financial statements, the Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.

This excerpt taken from the QRCP 10-K filed May 3, 2007.
Cash Equivalents
 
For purposes of the consolidated financial statements, the Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.
 
This excerpt taken from the QRCP 10-K filed Mar 16, 2007.
Cash Equivalents
 
For purposes of the consolidated financial statements, the Company considers investments in all highly liquid instruments with original maturities of three months or less at date of purchase to be cash equivalents.
 
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