Initial Obligation definition

Initial Obligation means, in respect of the Initial Period, the sum of (i) the Initial Environmental Obligation in respect of the Initial Period, plus (ii) any Disallowance Payment as of the Initial Period, plus (iii) any Cumulative Outstanding Liability Transfer Losses, calculated as of December 1, 2018.

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Initial Obligation means the U.S.$1,265,000,025 8.05% subordinated obligation issued by Deutsche Bank Aktiengesellschaft acquired by the Company using the proceeds from the issuance of the Class B Preferred Securities.

Initial Obligation means the U.S.$1,265,000,025 8.05% perpetual subordinated note issued by the Bank acquired by the Company using the proceeds from the issuance of the Class B Preferred Securities.

Examples of Initial Obligation in a sentence

Thirty (30) days following the Distribution Date, Indemnitor shall pay to Indemnitee the Estimated Initial Obligation; provided, that, in the event that the Estimated Initial Obligation exceeds the Initial Cap, Indemnitor shall pay to Indemnitee an amount equal to the Initial Cap.
No registration of any of the Deutsche Bank Entities under the U.S. Investment Company Act of 1940, as amended, is required for the offer and sale of the Securities by the Trust, the Class B Preferred Securities by the Company or the Initial Obligation or the Subordinated Guarantees by the Bank.
The Initial Obligation has been duly executed and delivered by the Bank under the law of the State of New York and is the valid, binding and enforceable obligation of the Bank.
We express no opinion as to the subject matter jurisdiction of any United States federal court to adjudicate any action relating to the Securities, the Class B Preferred Securities, the Class B Preferred Securities Guarantee, the Trust Preferred Securities Guarantee, the Initial Obligation or the Transaction Documents, where jurisdiction based on diversity of citizenship under 28 U.S.C. § 1332 does not exist.
In consideration of Ranchcorp entering into this Agreement and of the Tejon Interests entering into the Transaction Agreement, PEF agrees, subject to Section 2.2, to pay $5 million to Ranchcorp (the "Initial Obligation").

More Definitions of Initial Obligation

Initial Obligation means an amount equal to (i) 90% of Losses incurred by Payee Parties in respect of (A) Environmental Claims, (B) US Bendix Claims and (C) Ex-US Bendix Claims, in each case, incurred during the Initial Period, less (ii) 90% of (A) Environmental Insurance Receipts, (B) Affirmative Environmental Litigation Proceeds, (C) US Bendix Insurance Receipts, (D) Ex-US Bendix Insurance Receipts, (E) Co-Contributions Proceeds and (F) Property Sales Proceeds, in the case of (A), (B), (C), (D) and (E), in respect of Losses incurred during the Initial Period, and in the case of (F), in respect of property sales consummated during the Initial Period, plus (iii) any Disallowance Payment calculated as of the last day of the Initial Period.

Initial Obligation means the subordinated obligation of the Bank acquired by the Company using the proceeds from the issuance of the Class B Preferred Securities and the Class A Preferred Security.

Initial Obligation means an amount equal to (i) 90% of Losses incurred by Payee Parties in respect of (A) Environmental Claims,

Initial Obligation means the U.S.$1,100,000,025 8.05% perpetual subordinated note of the Bank, acquired by the Company using proceeds from the issuance of the Class B Preferred Securities.

Initial Obligation means the €[nominal plus €1,000] [⚫]% subordinated note of the Bank, acquired by the Company using proceeds from the issuance of the Class B Preferred Securities.

Initial Obligation means subordinated obligations of the Bank acquired by the Company using the proceeds from the issuance of the Company Capital Securities and the Company Common Security.

Initial Obligation means our U.S.$800,000,025 6.55% perpetual subordinated note of, acquired by the Company using proceeds from the issuance of the Class B Preferred Securities.