locs


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locs

 (lŏks)
pl.n. Informal

[Respelling of locks.]
References in periodicals archive ?
The LOC provides full coverage of principal plus an amount equal to 40 days' interest at a maximum rate of 10% based on a 365-day year and purchase price for tendered bonds.
25, 2007, the 'F1+' rating assigned to the Notes will be based on the support of the two substitute LOCs issued severally by JPMorgan (covering 44.
The JPMorgan LOC supporting the bonds in the long-term interest rate mode is sized at 185 days based on a 360 day year.
The bonds are subject to mandatory tender: on any conversion date to the adjustable or weekly rate mode; on the conversion date to the fixed-rate mode; on the business day preceding the effective date of an LOC substitution for a series of bonds; on a date that is five days prior to the expiration of a series LOC if the trustee has not received a renewal LOC; and on the 5th business day after the trustee receives the bank's notice that either an event of default has occurred under the reimbursement agreement or that the interest component of the series LOC will not be reinstated.
1, 2014, the stated expiration date of the LOCs unless such date is extended; any prior termination of the LOCs; and defeasance of the bonds.
4 million series F-1 rated 'AA+/F1+', based on the LOC provided Lloyds TSB Bank plc (Lloyds);
175,000,000 series 2005A1 bonds rated 'AA-/F1+' based on the LOC provided by Fortis Bank, S.
The series C LOC provides full coverage of principal, plus an amount equal to 51 days' interest at a maximum rate of 8% based on a year of 365 days, and purchase price for tendered bonds for the series C bonds.
Both LOCs are issued severally by the following banks: Bayerische Landesbank, acting through its New York Branch (the agent bank); Calyon, acting by and through its New York Branch; Landesbank Baden-Wurttemberg, acting through its New York Branch, and Wachovia Bank, National Association (the banks).
On May 10, 2005, the original LOCs will be substituted with LOCs (Substitute LOCs) provided by: Fleet National Bank, a Bank of America Company, with respect to the series A-1 bonds; and DEPFA BANK plc, New York Branch, with respect to the series A-2 and A-3 bonds.