Euro Government Obligations means Euro-denominated direct non-callable obligations of, or obligations guaranteed by, a member state of the European Union for the payment of which guarantee or obligations the full faith and credit of such member state is pledged.
Euro Government Obligations means any security that is (1) a direct obligation of any country that is a member of the European Monetary Union whose long-term debt is rated ‘‘A-1’’ or higher by Xxxxx’x or ‘‘A+’’ or higher by S&P or the equivalent rating category of another internationally recognized rating agency on the date of this Indenture, for the payment of which the full faith and credit of such country is pledged or (2) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause (1) or (2), is not callable or redeemable at the option of the issuer thereof and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Euro Government Obligations or a specific payment of principal of or interest on any such Euro Government Obligations held by such custodian for the account of the holder of such depository receipt; 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 depository receipt from any amount received by the custodian in respect of the Euro Government Obligations or the specific payment of principal of or interest on the Euro Government Obligations evidenced by such depository receipt.
Euro Government Obligations means any security that is (i) a direct obligation of Ireland, Belgium, the Netherlands, France, Germany or any country that is a member of the EMU on the Issue Date, for the payment of which the full faith and credit of such country is pledged or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause (i) or (ii), is not callable or redeemable at the option of the issuer thereof.
Examples of Euro Government Obligations in a sentence
The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the Euros or Euro Government Obligations deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the outstanding Notes.
It shall apply the deposited money in euros, Euro Government Obligations or a combination thereof through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest, and Additional Amounts, if any, on the Notes.
The Trustee shall be under no obligation to invest said Euro Legal Tender or Euro Government Obligations except as it may agree with the Company.
Deposited Money and Euro Government Obligations to Be Held in Trust; Other Miscellaneous Provisions 74 SECTION 8.06.
The Trustee or Paying Agent shall hold in trust Euro Legal Tender or Euro Government Obligations deposited with it pursuant to this Article Eight, and shall apply the deposited Euro Legal Tender and the money from Euro Government Obligations in accordance with this Indenture to the payment of principal of, premium, if any, and interest on the Notes.
More Definitions of Euro Government Obligations
Euro Government Obligations means any security that is (i) a direct obligation of the Federal Republic of Germany or the Kingdom of the Netherlands, where the timely payment or payments thereunder are supported by the full faith and credit of the Federal Republic of Germany or the Kingdom of the Netherlands, respectively or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of the Federal Republic of Germany or the Kingdom of the Netherlands, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the Federal Republic of Germany or the Kingdom of the Netherlands, respectively, which, in either case under the preceding clause (i) or (ii), is not callable or redeemable at the option of the issuer thereof.
Euro Government Obligations means a direct obligation or obligations guaranteed by a member state of the Pre-Expansion European Union, and the payment for which such member state of the Pre-Expansion European Union pledges its full faith and credit.
Euro Government Obligations means any security that is (i) a direct obligation of Ireland, Belgium, the Netherlands, France, Germany or any country that is a member of the European Monetary Union
Euro Government Obligations means any security that is (1) a direct obligation of any country that is a member of the European Monetary Union whose long-term debt is rated ‘‘A-1’’ or higher by Moody’s or ‘‘A+’’ or higher by S&P or the equivalent rating category of another internationally recognized rating agency on the date of this Indenture, for the payment of which the full faith and credit of such country is pledged or (2) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause (1) or (2), is not callable or redeemable at the option of the issuer thereof.
Euro Government Obligations means any security that is (1) a direct obligation of any country that is a member of the European Monetary Union whose long-term debt is rated ‘‘A-1’’ or higher by Moody’s or ‘‘A+’’ or higher by S&P or the equivalent rating category of another internationally recognized rating agency on the date of this Indenture, for the payment of which the full faith and credit of such country is pledged or (2) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clauses (1) and (2), is not callable or redeemable at the option of the issuer thereof and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such Euro Government Obligations or a specific payment of principal of or interest on any such Euro Government Obligations held by such custodian for the account of the holder of such depository receipt; 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 depository receipt from any amount received by the custodian in respect of the Euro Government Obligations or the specific payment of principal of or interest on the Euro Government Obligations evidenced by such depository receipt.
Euro Government Obligations means securities that are (i) direct obligations of an Eligible Jurisdiction for the timely payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of an Eligible Jurisdiction, the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by an Eligible Jurisdiction, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such Euro Government Obligation or a specific payment of principal of or interest on any such Euro Government Obligation held by such custodian for the account of the holder of such depository receipt; 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 depository receipt from any amount received by the custodian in respect of the Euro Government Obligation or the specific payment of principal of or interest on the Euro Government Obligation evidenced by such depository receipt.
Euro Government Obligations means any security that is (i) a direct obligation of Ireland, Belgium, the Netherlands, France, Germany or any country that is a member of the European Monetary Union on the Issue Date, for the payment of which the full faith and credit of such country is pledged or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of any such country the payment of which is unconditionally guaranteed as a full faith and credit obligation by such country, which, in either case under the preceding clause (i) or (ii), is not callable or redeemable at the option of the issuer thereof.