ABS Reference Obligation definition
ABS Reference Obligation means each asset-backed security comprised in the ABS Reference Registry from time to time.
ABS Reference Obligation means each Reference Obligation other than a Reference Swap. "ABS Writedown" has the meaning given in the definition of "Irrevocable Principal Loss".
ABS Reference Obligation means any asset listed as a “ABS” under the heading “CDO/ABS” in the Reference Registry from time to time. Buyer shall have the right (but not the obligation) at any time following an Amortisation to remove any ABS Reference Obligations from the Reference Registry which, in its sole discretion, it determines have been subject to an Amortisation (as defined herein) and replace each such ABS Reference Obligation for another replacement ABS Reference Obligation (the “Replacement ABS Reference Obligation”) meeting the Replacement Criteria.
More Definitions of ABS Reference Obligation
ABS Reference Obligation means ABS for the time being comprised in the ABS Reference Registry.