Direct Obligations definition

Direct Obligations means noncallable Government Obligations.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Direct Obligations means direct noncallable obligations of (including obligations issued or held in book-entry form on the books of) the Department of the Treasury of the United States of America, obligations unconditionally guaranteed as to principal and interest by the United States of America and evidences of ownership interests in such direct or unconditionally guaranteed obligations.

Direct Obligations means direct obligations of, and obligations fully guaranteed as to timely payment of principal and interest by, the United States of America or any agency or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United States of America.

Examples of Direct Obligations in a sentence

• EXTEL covenants and agrees to fully pay AUGI, within twenty-four (24) hours of written demand therefor, for any payments made or amounts which AUGI becomes legally obligated to pay (and reimburse AUGI, to the extent payment is made by it) in connection with any of the AUGI Direct Obligations.

• EXTEL does hereby irrevocably, absolutely and unconditionally indemnify, defend and hold harmless AUGI from and against any claim against AUGI in respect of any act, omission, neglect, breach or failure by Buyer to timely and fully pay, when due, those Assumed Liabilities which consist of liabilities to T&W which are guaranteed by or primary obligations of AUGI ("AUGI Direct Obligations").

• Such diversification requirement will not apply with respect to Direct Obligations of the US Treasury (item 1.

• Tenant hereby acknowledges that Landlord shall have no responsibility or liability arising from matters relating in any way, directly or indirectly, to Tenant’s Direct Obligations under this Section 6.3(c) and Tenant hereby agrees to indemnify and hold Landlord harmless from and against all such claims, losses and charges.

• At such times as a Bond shall be deemed to be paid hereunder, as aforesaid, it shall no longer be secured by or entitled to the benefits hereof, except for the purposes of any such payment from such moneys or Direct Obligations.

More Definitions of Direct Obligations

Direct Obligations means direct obligations of the United States, and any obligations the payment of which is fully and unconditionally guaranteed by the United States.

Direct Obligations means (a) cash, (b) Government Obligations, and (c) money market funds registered under the Federal Investment Company Act of 1940, whose shares are registered under the Federal Securities Act of 1933, and having a rating by S&P of AAAm-G, AAAm, or AA-m and if rated by Moody’s rated Aaa, Aa1 or Aa2.

Direct Obligations means (without duplication) (i) Obligations arising from loans or advances (whether or not payable upon demand or at a specified maturity date) made by the Syndicated Group or the Metals Lender to, or for the account of, or overdrafts paid by the Syndicated Group for, the Debtor; (ii) actual and contingent Obligations of the Debtor in respect of documentary and standby letters of credit issued or confirmed by the Syndicated Group or the Metals Lender for the account of the Debtor; (iii) Obligations of the Debtor in respect of bankers acceptance facilities (including unmatured drafts) or letters of indemnity or steamship guaranties created or provided by the Syndicated Group or the Metals Lender for the Debtor; and (iv) to the extent not included in the foregoing, all Loan/Trading Obligations. Notwithstanding the foregoing, Direct Obligations shall exclude Obligations of the Debtor under a guaranty in favor of the Syndicated Group or Metals Lender of the obligations of another person, firm, corporation or other entity to the Syndicated Group or Metals Lender, as applicable.

Direct Obligations. As defined in the definition of Eligible Investments.

Direct Obligations include U.S. Treasury bills, notes, and bonds. "Government Agency" covers those non-mortgage related obligations issued by federal agencies including but not limited to, the Student Loan Marketing Association (SLMA), the Federal Farm Credit Bank, the Federal Deposit Insurance Corporation (FDIC), and the Federal Financing Bank. These obligations are backed by the full faith and credit of the U.S. government.

Direct Obligations means non-callable direct obligations (including obligations issued or held in book entry form) of the Department of Treasury of the United States of America.

Direct Obligations means direct obligations of the United States of America (including obligations issued or held in book-entry form on the books of the U.S. Department of the Treasury), or obligations of any agency, corporation or public body that is controlled or supervised by and acting as an instrumentality of the United States of America, the timely payment of the principal of and interest on which is fully guaranteed by the United States of America, provided that the full faith and credit of the United States of America is pledged to any such direct obligations or guarantee.