Reference Obligation definition

Reference Obligation means an obligation used for the purposes of determining the cash settlement value of a credit derivative;

Reference Obligation means the Standard Reference Obligation, if any, unless:

Reference Obligation means each obligation specified as such in the Final Terms or any Substitute Reference Obligation (as defined in the Credit Linked Derivatives Annex).

Examples of Reference Obligation in a sentence

• Without prejudice to the provisions of Paragraph 3 of this Confirmation, the parties acknowledge and agree that the payments to be made by Party B will be made independently and are not conditional upon Party A sustaining or being exposed to risk or loss and that the rights and obligations of the parties hereunder are not dependent upon Party A owning or having any legal, equitable or other interest in the Reference Obligation.

• The Calculation Agent or the Issuer or any of their respective Affiliates thereof may participate in any auction without regard to the interests of the investors.Such participation may have a material effect on the outcome of the relevant auction and may adversely affect the Settlement Amount.The Auction Final Price determined pursuant to an auction may be less than the market value that would otherwise have been determined in respect of the relevant Reference Obligation.

More Definitions of Reference Obligation

Reference Obligation means each obligation specified or of a type described as such in the applicable Final Terms (if any are so specified or described) and any Substitute Reference Obligation.

Reference Obligation means each obligation specified as such or of a type described in the applicable Final Terms and any Substitute Reference Obligation.

Reference Obligation means (a) the Reference Obligation specified in the Issue Terms and (b) any Substitute Reference Obligation.

Reference Obligation means, in respect of each Reference Entity:

Reference Obligation means the portion specified by the applicable Reference Obligation Percentage of each certain multifamily mortgage loan, deed of trust or similar security instrument encumbering the related mortgaged property that meets the Eligibility Criteria, as described under “Scaled Cut-Off Balance” in Appendix A to the Preliminary PPM and Final PPM, and collectively, the “Reference Obligations”.

Reference Obligation means each obligation specified as such or of a type described in the related Confirmation.

Reference Obligation means a debt obligation to which a Synthetic Security is linked that satisfies the Eligibility Criteria.