Underlying Obligation means, with respect to a guarantee, the obligation which is the subject of the guarantee.
Underlying Obligation means any Obligation of the Underlying Obligor from Borrowed Money for which the Reference Entity is acting as provider of a Qualifying Guarantee.
Underlying Obligation has the meaning given in paragraph 6.3 of Part B of Schedule 2.2 (Performance Measures and Monitoring);
Examples of Underlying Obligation in a sentence
The Pledgor will not amend, modify, terminate or waive any provision of any Affiliate Transfer Document or any agreement giving rise to an Underlying Obligation in any manner.
More Definitions of Underlying Obligation
Underlying Obligation means, with respect to a Qualifying Guarantee, the obligation that the applicable Reference Entity is guaranteeing.
Underlying Obligation means the obligations of any Underlying Obligor with respect to an Underlying Transaction.
Underlying Obligation has the meaning set forth in Section 5.7(b).
Underlying Obligation means an obligation in respect of which the Reference Entity has agreed to pay all the amounts due thereunder.
Underlying Obligation means an asset or obligationof a risk transferring participant as specified in an agreement of risk participation.
Underlying Obligation means an obligation incurred by a primary obligor and owed to an obligee. For example, a borrower’s obligation to make payments to a lender of principal and interest on a loan constitutes an underlying obligation.
Underlying Obligation means assets or obligations that have credit derivatives as a credit risk protection