Obligation Category definition
Examples of Obligation Category in a sentence
For purposes of Section 2.15, the term "Deliverable Obligation" may be defined as each direct obligation of each Reference Entity that (i) is described by the Deliverable Obligation Category specified in the related Confirmation; (ii) has each of the Deliverable Obligation Characteristics, if any, specified in the related Confirmation and (iii) satisfies the other requirements set out at Section 2.15, in each case, as of the Delivery Date.
Deliverable Obligation Category: Reference Obligation Only Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation and returning it to us.
The Reference Obligation and any other obligation of the Reference Entity (either directly or as provider of any Relevant Guarantee or, if All Guarantees is specified as applicable, as provider of any Qualifying Guarantee) as described in accordance with the Obligation Category and Obligation Characteristics set out below.
For purposes of Section 2.15, the term "Deliverable Obligation" may be defined as each direct obligation of each Reference Entity that (i) is described by the Deliverable Obligation Category specified in the related Confirmation; (ii) has each of the Deliverable Obligation Characteristics, if any, specified in the related Confirmation and (iii) satisfies the other requirements set out in Section 2.15, in each case, as of the Delivery Date.
As used in this section, "Obligation Category" means the following groups of Obligations: (a) payments due and owing to Lenders under Sections 5.9, 10.2 or 10.3 hereof or under any similar sections of any other Transaction Documents, (b) interest due and payable in respect of the Loans and payment of fees due and owing to Lenders under Section 2.9, and (c) the outstanding principal amount of the Loans.