Examples of Deferrable Obligation in a sentence
Deferrable Obligation: A Collateral Obligation which by its terms permits the deferral and/or capitalization of payment of accrued, unpaid interest.
Deferrable Obligation: A Collateral Obligation which by its terms permits the deferral and/or capitalization of payment of any accrued, unpaid interest; provided, however, that Deferrable Obligations shall not include any security received in connection with an Offer.
The identity of each Deferring Obligation, the Moody’s Collateral Value, S&P Collateral Value and Market Value of each Deferring Obligation and Partial Deferrable Obligation, and the date of which interest was last paid in full in Cash thereon.
With respect to a Deferrable Obligation or Partial Deferrable Obligation, that portion of deferred or capitalized interest that remains unpaid and is included in the calculation of the Principal Balance of such Deferrable Obligation or Partial Deferrable Obligation.
Deferring Obligation: A Deferrable Obligation (x) that is deferring the payment of interest due thereon and has been so deferring the payment of interest due thereon for the shorter of two consecutive accrual periods under its Underlying Instrument and one year and (y) with respect to which the deferred interest has not, as of the date of determination, been paid in Cash.