Benchmark Obligation definition
Benchmark Obligation means, in respect of each Reference Entity, the obligation (if any) specified as such in the CDO Reference Registry.
Benchmark Obligation means, with respect to the relevant Reference Entity, the Benchmark Obligation specified in the Annex hereto or such Obligation as may replace such Benchmark Obligation in accordance with “Replacement of Benchmark Obligation” below.
Benchmark Obligation means the Benchmark Obligation, if any, specified in the applicable Final Terms.
More Definitions of Benchmark Obligation
Benchmark Obligation means the benchmark obligation (if any) specified in the applicable Pricing Supplement in relation to the FX Rate.
Benchmark Obligation means the Bond or Loan obligation (whether such obligation is incurred directly or as provider of a Qualifying Affiliate Guarantee or, if All Guarantees is applicable, a Qualifying Guarantee or, if the Monoline Provisions are applicable, as provider of a Qualifying Policy), if any, identified in the Portfolio List in respect of the relevant Reference Entity.
Benchmark Obligation means the obligation identified as follows: