Deliverable Obligation definition

Deliverable Obligation means each obligation of the Loan Parties that would constitute a “Deliverable Obligation” under a market standard credit default swap transaction documented under the ISDA CDS Definitions and specifying any of the Loan Parties as a Reference Entity. Each capitalized term used but defined in the preceding sentence has the meaning specified in the ISDA CDS Definitions, as applicable.

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Deliverable Obligation means an obligation referred to in a Synthetic Security as the "Deliverable Obligation" which is deliverable upon termination prior to the scheduled maturity thereof.

Deliverable Obligation means, subject as provided in Condition 6(c):

Examples of Deliverable Obligation in a sentence

• For purposes of Section 2.15, the term "Deliverable Obligation" may be defined as each direct obligation of each Reference Entity that (i) is described by the Deliverable Obligation Category specified in the related Confirmation; (ii) has each of the Deliverable Obligation Characteristics, if any, specified in the related Confirmation and (iii) satisfies the other requirements set out at Section 2.15, in each case, as of the Delivery Date.

• An obligation of the Reference Entity selected by [] that is capable of constituting a Deliverable Obligation as at the Valuation Date.

• Deliverable Obligation Category: Reference Obligation Only Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation and returning it to us.

• An obligation of the Reference Entity selected by [ ] that is capable of constituting a Deliverable Obligation as at the Valuation Date]1 Other Provisions2 The “Additional Provisions for the Russian Federation: Obligation Characteristics and Deliverable Obligation Characteristics”, published on August 13, 2004, are incorporated by reference herein and shall be applicable to the Russian Federation if it is a Reference Entity.

• Where there is a fraction of a Reference Asset or a Deliverable Obligation, a Noteholder will be entitled to receive an amount in cash rounded to the nearest whole unit of currency in lieu of such fraction.

More Definitions of Deliverable Obligation

Deliverable Obligation means an obligation referred to in a Synthetic Security as the "Deliverable Obligation" which is deliverable upon the occurrence of a "credit event" as defined therein.

Deliverable Obligation means, subject to Conditions CL10(c) and (d) (Restructuring Credit Event Applicable):

Deliverable Obligation means an obligation referred to in a Synthetic Security, as the “Deliverable Obligation” which is deliverable upon termination prior to the scheduled maturity thereof, provided that such obligation does not consist of any Dutch Ineligible Securities.

Deliverable Obligation means (a) with respect to the Subordinate Auction, the Senior Obligations and the Subordinate Obligations and (b) with respect to the Senior Auction, the Senior Obligations only.

Deliverable Obligation means an obligation referred to in a Synthetic Security as the “Deliverable Obligation” which is deliverable upon the occurrence of a “credit event” or similar event, as defined by the terms of such Synthetic Security provided that such obligation does not consist of any Dutch Ineligible Securities.

Deliverable Obligation means an obligation referred to in a Synthetic Security as the "Deliverable Obligation" which is deliverable upon termination prior to the scheduled maturity thereof and which is not a Dutch Ineligible Security.

Deliverable Obligation means (a) each obligation of a Reference Entity described by the Deliverable Obligation Category specified as being applicable with respect to a Reference Entity, and having each of the Deliverable Obligation Characteristics, if any, specified as being applicable with respect to a Reference Entity, in each case, as of the Valuation Date and (b) the Reference Obligation; provided, however that if an Excluded Deliverable Obligation is specified with respect to a Reference Entity, such Excluded Deliverable Obligation shall not be an Obligation for the purposes of this definition.