Derivative Obligation definition

Derivative Obligation means any obligation of the Borrower in respect of any rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of the foregoing transactions) or any combination of the foregoing transactions, in each case owing to any Person that was a Lender or Lender Affiliate on the trade date for such Derivative Obligation (or an assignee of such Person).

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Derivative Obligation means, with respect to any Person, any obligations of such Person in respect of any rate swap transaction, basis swap, forward rate swap transaction, commodity swap transaction, commodity option, equity or equity index swap, equity or equity index swap option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction or any combination of the foregoing transactions.

Derivative Obligation means, with respect to any person, any obligation to pay or perform under any Derivative Transaction.

Examples of Derivative Obligation in a sentence

The Company will use the proceeds of the Loan to repay the Terminated Derivative Obligation on the Closing Date.
The Company hereby irrevocably instructs the Initial Lender (or the Initial Lender’s nominee) to apply the proceeds of the Loan to the Terminated Derivative Obligation as specified above.
All interest payable in respect of the Terminated Derivative Obligation pursuant to the Confirmation shall have been paid in US Dollars and in immediately available funds no later than 11:00 a.m. (New York City time) on the Closing Date.
In addition, any Lender that enters into any Derivative Obligation or any modification of a Derivative Obligation with a Credit Party may provide notice thereof to the Administrative Agent.
The face amount of any Derivative Obligation shall be reserved from Availability at 100% of the face amount of such Derivative Obligation if the Derivative Obligation, or the remaining life of the Derivative Obligation, is for a term of two Business Days or less.
All interest and fees payable in respect of each Terminated Derivative Obligation pursuant to the Confirmations shall have been paid in US Dollars and in immediately available funds no later than 11:00 a.m. (New York City time) on the Closing Date.
The Borrowers will not, and will not permit any of their Subsidiaries to, enter into any Derivative Obligation except for (a) Derivative Obligations with any of the Lenders under interest rate protection agreements or foreign exchange agreements or (b) Derivative Obligations entered into for bona fide hedging purposes, and not for speculative purposes.
In addition, any Lender or any Affiliate of a Lender that enters into any Derivative Obligation or any modification of a Derivative Obligation with a Credit Party may provide notice thereof to the Administrative Agent.
Agent reserves the right to create additional reserves based on the mark-to-market value of the Derivative Obligation from time to time.
Mar▇-▇▇-Market Adjustment– the fluctuating credit exposure of a Lender Counterparty under an agreement evidencing a Derivative Obligation included within the Obligations based on increases or decreases in interest rates, exchange rates or commodity prices.

More Definitions of Derivative Obligation

Derivative Obligation means every obligation of a Person under any forward contract, futures contract, exchange contract, swap, option or other financing agreement or arrangement (including, without limitation, caps, floors, collars and similar agreement), the value of which is dependent upon interest rates, currency exchange rates, commodities or other indices.

Derivative Obligation means any obligation of the Borrower in respect of any rate swap transaction, basis swap, forward rate transaction, commodity 4

Derivative Obligation means, as to any Person, any direct or indirect liability of that Person, whether or not contingent, with or without recourse, with respect to Hedge Agreements. The amount of any Derivative Obligation, as of any date of determination, shall be deemed equal to the fair mark-to-market value as of the last day of the most recent fiscal q▇▇▇▇er ending on or before such date of determination.

Derivative Obligation means, with respect to the Borrower, any obligation of the Borrower in respect of any rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of the foregoing transactions) or any combination of the foregoing transactions, in each case owing to any Person that was a Lender or Lender Affiliate on the trade date for such Derivative Obligation (or an assignee of such Person).

Derivative Obligation. Financial obligation based upon or derived from another financial obligation pursuant to the Third Party Servicing Agreements, including but not limited to options, swaps, interests only strips and similar instruments or obligations.