Eligible Obligors definition

Eligible Obligors means all Obligors except for the Obligors separately identified by the Borrower to the Administrative Agent and the Facility Agents, and agreed to in writing by the Administrative Agent and each Facility Agent.
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Eligible Obligors or "Required Reserves" or to any defined terms used for the purpose of such definitions shall require the consent of Liquidity Lenders holding more than 66-2/3% of the Liquidity Commitments, and the Conduit Lender if any CP Rate Advances are outstanding. No failure or delay on the part of the Agent, any Lender or the holder of any Note in exercising any power or right under this Agreement or any other Transaction Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on the Borrower in any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by the Agent, any Lender or the holder of any Note under this Agreement or any other Transaction Document shall, except as may be otherwise stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval hereunder shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder.
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Eligible Obligors has the meaning assigned to it in the First Schedule of this Agreement;
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Examples of Eligible Obligors in a sentence

  • In order to reflect the requirements of the FCA Guidance, VWFS may, depending upon the remaining term under the Financing Contract and an Obligor's circumstances, offer VWFS Payment Deferrals comprising Payment Holidays with No Term Extensions and Payment Holidays With Term Extensions to COVID-19 Eligible Obligors and Further VWFS Payment Deferrals comprising Further Payment Holiday with no Term Extensions and Further Payment Holiday with Term Extension to Existing COVID-19 Eligible Obligors.

  • In order to reflect the requirements of the FCA Guidance, VWFS offered VWFS Payment Deferrals comprising Payment Holidays with No Term Extensions and Payment Holidays With Term Extensions to COVID-19 Eligible Obligors and Further VWFS Payment Deferrals comprising Further Payment Holiday with no Term Extensions and Further Payment Holiday with Term Extension to Existing COVID-19 Eligible Obligors.

  • For the purposes of this announcement, VWFS distinguishes between COVID Eligible Obligors which have not previously received a VWFS Payment Deferral ("New COVID Eligible Obligors") and COVID Eligible Obligors which have previously received a VWFS Payment Deferral and which may apply for a further VWFS Payment Deferral ("Existing COVID Eligible Obligors").

  • VWFS Payment Deferrals will only be offered to COVID Eligible Obligors as originally defined in the Issuer's announcement of 2 May 2020.

  • VWFS may offer VWFS Payment Deferrals to New COVID Eligible Obligors in accordance with the Issuer's announcement dated 2 May 2020 (as reaffirmed and updated by VWFS on 7 August 2020 and outlined in 2.B.(i) above) by applying to VWFS for a payment deferral in the period up to 31 October 2020.

  • In order to reflect the requirements of the FCA Guideline, VWFS may, depending upon the remaining term under the Financing Contract and an Obligor's circumstances, offer VWFS Payment Deferrals comprising Payment Holidays with No Term Extensions and Payment Holidays With Term Extensions to COVID-19 Eligible Obligors.

  • Notwithstanding the foregoing, in no event shall Indemnified Amounts include any amounts unpaid, paid over or repaid to any Person with respect to any Receivables as a result of the financial inability of an Eligible Obligor, or the uncollectability of the underlying Receivable as a result of the Eligible Obligor's creditworthiness.

  • In order to reflect the requirements of the FCA Guidance, VWFS offered VWFS Payment Deferrals comprising Payment Holiday with No Term Extensions and Payment Holiday With Term Extensions to COVID-19 Eligible Obligors and Further VWFS Payment Deferrals comprising Further Payment Holiday with no Term Extensions and Further Payment Holiday with Term Extension to Existing COVID-19 Eligible Obligors.

  • Using a union-find algorithm we group hosts that either share the same rightmost non-generic suffix or have an IP address in common into sets.

  • Approve minutes for October 16, 2018 meeting; b) Approve minutes for November 1, 2018 special meeting; c) Approve City warrants for October 2018 in the amount of $887,648.15; c) Adopt Resolution #2018-42 removing inactive water & sewer accounts in the amount of $27.30.


More Definitions of Eligible Obligors

Eligible Obligors are Obligors which:
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Eligible Obligors means Obligors who are:
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Eligible Obligors means the Federal Republic of Germany, the Kingdom of the Netherlands, the Kingdom of Sweden, the Republic of Finland, the Kingdom of Sweden, the Republic of France, the United Kingdom, the Kingdom of Belgium, the Republic of Ireland, the Kingdom of Spain, the Republic of Austria, the Portuguese Republic, the Republic of Italy, the Swiss Confederation, the Kingdom of Norway, the International Bank for Reconstruction and Development, the European Investment Bank, Kreditanstalt für Wiederaufbau (KfW), Bank Nederlandse Gemeenten, Oesterreichische Kontrollbank AG, the Inter-American Development Bank or any other European Sovereign or Supranational Organisation which is rated at least AA- by S&P, Aa3 by Moody’s and/or AA- by Fitch and is not on negative credit watch by any such rating agency.
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Related to Eligible Obligors

  • Eligible Obligor On any date of determination, any Obligor that:

  • Eligible Obligations means (a) with respect to Securities denominated in Dollars, Governmental Obligations; or (b) with respect to Securities denominated in a currency other than Dollars or in a composite currency, such other obligations or instruments as shall be specified with respect to such Securities, as contemplated by Section 2.01.

  • Eligible obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority before August 19, 1993 and its subsequent refunding by a qualified refunding obligation. Eligible obligation includes an authority’s written agreement entered into before August 19, 1993 to pay an obligation issued after August 18, 1993 and before December 31, 1996 by another entity on behalf of the authority.

  • Deliverable Obligation Category means Bond or Loan.

  • 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.

  • Convertible Obligation means any obligation that is convertible, in whole or in part, into Equity Securities solely at the option of holders of such obligation or a trustee or similar agent acting for the benefit only of holders of such obligation (or the cash equivalent thereof, whether the cash settlement option is that of the issuer or of (or for the benefit of) the holders of such obligation).

  • L/C Supportable Obligations means (i) obligations of the Borrower or any of its Subsidiaries with respect to insurance obligations and workers compensation, surety bonds and other similar statutory obligations and (ii) such other obligations of the Borrower or any of its Subsidiaries as are reasonably acceptable to the Administrative Agent and the respective Issuing Lender and otherwise permitted to exist pursuant to the terms of this Agreement.

  • Exchangeable Obligation means any obligation that is exchangeable, in whole or in part, for Equity Securities solely at the option of holders of such obligation or a trustee or similar agent acting for the benefit only of holders of such obligation (or the cash equivalent thereof, whether the cash settlement option is that of the issuer or of (or for the benefit of) the holders of such obligation).

  • Eligible owner means an owner of real property who is eligible to or has entered into an installment agreement.

  • Fully Transferable Obligation means a Deliverable Obligation that is either Transferable, in the case of Bonds, or capable of being assigned or novated to all Eligible Transferees without the consent of any person being required, in the case of any obligation other than Bonds. Any requirement that notification of novation, assignment or transfer of a Deliverable Obligation be provided to a trustee, fiscal agent, administrative agent, clearing agent or paying agent for an obligation shall not be considered to be a requirement for consent for purposes of the foregoing. For purposes of determining whether a Deliverable Obligation satisfies the requirements of the definition of Fully Transferable Obligation, such determination shall be made as of the Delivery Commencement Date, taking into account only the terms of the Deliverable Obligation and any related transfer or consent documents which have been obtained by Bank or Designated Affiliate;

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to satisfy such criteria at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Loan Party from a Credit Card Issuer or Credit Card Processor, and in each case is originated in the ordinary course of business of such Loan Party, and (ii) in each case is not ineligible for inclusion in the calculation of the Borrowing Base, pursuant to any of clauses (a) through (g) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Loan Party as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Loan Party may be obligated to rebate to a customer, a Credit Card Issuer or Credit Card Processor pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Except as otherwise agreed by the Agent, any Credit Card Receivable included within any of the following categories shall not constitute an Eligible Credit Card Receivable:

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

  • Eligible Bank means a bank or trust company (i) that is organized and existing under the laws of the United States of America or Canada, or any state, territory, province or possession thereof, (ii) that, as of the time of the making or acquisition of an Investment in such bank or trust company, has combined capital and surplus in excess of $500.0 million and (iii) the senior Debt of which is rated at least “A-2” by Moody’s or at least “A” by S&P.

  • Designated Account Bank has the meaning specified therefor in Schedule D-1.

  • Eligible Account Holder means any Person holding a Qualifying Deposit on the Eligibility Record Date for purposes of determining Subscription Rights and establishing subaccount balances in the liquidation account to be established pursuant to Section 15 hereof.

  • Foreign Government Obligation means with respect to Securities of any series which are not denominated in the currency of the United States of America (x) any security which is (i) a direct obligation of the government which issued or caused to be issued the currency in which such security is denominated and for the payment of which obligations its full faith and credit is pledged or, with respect to Securities of any series which are denominated in euros, a direct obligation of any member nation of the European Union for the payment of which obligation the full faith and credit of the respective nation is pledged so long as such nation has a credit rating at least equal to that of the highest rated member nation of the European Economic Area, or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of a government specified in clause (i) above the payment of which is unconditionally guaranteed as a full faith and credit obligation by the such government, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any Foreign Government Obligation which is specified in clause (x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any Foreign Government Obligation which is so specified and held, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the Foreign Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt.

  • Credit Enhancer means the Credit Enhancer identified in the Adoption Annex.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Obligor Concentration Limit means, at any time, in relation to the aggregate Outstanding Balance of Receivables owed by any single Obligor and its Affiliates (if any), the applicable concentration limit shall be determined as follows for Obligors who have short term unsecured debt ratings currently assigned to them by S&P and Moody's (or in the absence thereof, the equivalent long term unsecured senior debt ratings), the applicable concentration limit shall be determined according to the following table: Allowable % of S&P Rating Xxxxx'x Rating Eligible Receivables -------------------------------------------------------------------------------------------- A-1+ P-1 10% -------------------------------------------------------------------------------------------- A-1 P-1 8% -------------------------------------------------------------------------------------------- A-2 P-2 6% -------------------------------------------------------------------------------------------- A-3 P-3 3% -------------------------------------------------------------------------------------------- Below A-3 or Not Rated by either Below P-3 or Not Rated by S&P or Moody's either S&P or Moody's 2.5% -------------------------------------------------------------------------------------------- ; PROVIDED, HOWEVER, that (a) if any Obligor has a split rating, the applicable rating will be the lower of the two, (b) if any Obligor is not rated by either S&P or Moody's, the applicable 62 Obligor Concentration Limit shall be the one set forth in the last line of the table above, and (c) subject to satisfaction of the Rating Agency Condition or an increase in the percentage set forth in clause (a)(i) of the definition of "REQUIRED RESERVE," upon the Borrower's request from time to time, the Administrative Agent may agree to a higher percentage of Eligible Receivables for a particular Obligor and its Affiliates (each such higher percentage, a "SPECIAL CONCENTRATION LIMIT"), it being understood that any Special Concentration Limit may be cancelled by the Administrative Agent upon five Business Days' notice to the Loan Parties. The Administrative Agent hereby agrees that International Business Machines Corp. shall have a Special Concentration Limit of 11%.

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Government Obligation means (a) any security that is (i) a direct obligation of the United States of America of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (b) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any Government Obligation that is specified in clause (a) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any Government Obligation that is so specified and held, provided, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of principal or interest evidenced by such depositary receipt.