Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

Obligation Acceleration means any amount payable in respect of the Reference Asset has become due and payable before it would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment.

Obligation Acceleration means the Reference Asset [Insert if Credit Events apply to Obligations: and/or any Obligation] [Insert if "Default Requirement" for Obligation Acceleration is specified as applicable: in an aggregate amount not less than the Default Requirement] has become due and payable before it would otherwise have been due and payable as a result of, or on the basis of, the occurrence of default, event of default or another similar condition or event (however described) [Insert if Credit Event "Failure to Pay" is applicable: , other than a failure to make any required payment, in respect of the Reference Asset [Insert if Credit Events apply to Obligations: or the Obligation]].]

Examples of Obligation Acceleration in a sentence

Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.
Authorizes $250,000,000 in State Pension Obligation Acceleration Bonds to be sold to pay for accelerated pension benefit payments to eligible persons.
Amends the State Finance Act to create the State Pension Obligation Acceleration Bond Fund.
The Credit Event Obligation Acceleration can occur in all types of Reference Entities.A Credit Event Obligation Acceleration occurs, for example, in the following situations:One or more Obligations of a Reference Entity are accelerated.
Examples of Credit Events that might apply to individual Credit Linked Securities include Bankruptcy, Failure to Pay, Restructuring, Obligation Acceleration, Obligation Default and Repudiation/Moratorium.

More Definitions of Obligation Acceleration

Obligation Acceleration means one or more Obligations in an aggregate amount of not less that the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

Obligation Acceleration means that one or more Obligations in an aggregate amount of not less than the Default Requirement specified in the specified Pricing Supplement (or if none is specified, US$10,000,000 or the equivalent in the relevant currency) have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

Obligation Acceleration means one or more Obligations in an aggregate amount of not less than the Acceleration Default Requirement have become due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Corporate Reference Entity in respect of which the Reference Registry records Mexico as the country or jurisdiction in which it is organised or has its principal place of business.

Obligation Acceleration means any amount of the Reference Security have become due and payable before such amount would otherwise have become due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of the Reference Entity under the Reference Security.

Obligation Acceleration means one or more Obligations are accelerated due to an event of default or similar event, other than a failure to make any required payment under one or more Obligations; provided, however, (a) the relevant Obligation(s) must have a face amount of at least $10 million (or an equivalent amount in another currency), and (b) the Obligation must not be repaid, and the default, event of default or similar event, must continue to exist, for at least a period of time equal to the greater of (i) 60 days and (ii) the number of days ending on the next payment date with respect to the relevant obligation.

Obligation Acceleration means that one or more Obligations of the Reference Entity in an aggregate amount corresponding to not less than the Default Requirement have become due and payable before they would otherwise have been due and payable as a result of the occurrence of an event of default or other similar condition (however discribed), other than a payment default.