CRS Obligations definition

CRS Obligations means obligations under CRS (as varied or supplemented by the local legislations and guidance note issued by the applicable tax authorities) including, without limitation, our obligations to undertake due diligence into Account Holders to identify Reportable Account and Reportable Person, to report information on Reportable Person and Reportable Account to the applicable tax authorities pursuant to applicable laws and regulations.
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Examples of CRS Obligations in a sentence

  • For SCE, the DA CRS Tracking Account (as more fully described in SCE’s tariff) tracks the difference between: (1) recorded DA CRS Revenues, and(2) authorized DA CRS Obligations.

  • For SCE, the DA CRS Tracking Account (as more fully described in SCE’s tariff) tracks the difference between: (1) recorded DA CRS Revenues, and (2) authorized DA CRS Obligations.

Related to CRS Obligations

  • Obligations means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Assumed Obligations has the meaning specified in Section 2.2.

  • Guaranty Obligation has the meaning specified in the definition of "Contingent Obligation."