Reference Obligation Holder definition

Reference Obligation Holder means a notional broker/dealer (i) holding the Reference Asset, which holding is intended to be held to maturity and (ii) domiciled and subject to taxation and the same securities law and regulations in the jurisdiction where Standard Chartered Bank or any of its affiliates may hold the Reference Obligation (which for the purposes of this Transaction shall be London).
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Reference Obligation Holder means a notional broker/dealer (i) holding the Reference Asset, which holding is intended to be held to maturity and (ii) domiciled and subject to taxation in United Kingdom.
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Reference Obligation Holder means a notional broker/dealer (i) holding the Reference Assets, which holding is intended to be held to maturity and (ii) domiciled and subject to taxation (including, but not limited to Clause 12 of the Reference Obligation Terms, If applicable) and the same securities law and regulations in the jurisdiction where Standard Chartered Bank or any of its affiliates may hold the Reference Obligation.
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Examples of Reference Obligation Holder in a sentence

  • If the Issuer (or its affiliate) is unable to obtain any firm bid quotations for the Reference Asset from leading dealers in such manner during the Sale Period, or if no sale of the Reference Asset could be effected by a Reference Obligation Holder during the Sale Period for whatever reason, as determined by the Calculation Agent, the Credit Event Local Currency Sale Proceeds shall be deemed to be zero.

  • If the Issuer (or its affiliate) obtains one or more such firm bid quotation on any day during the Sale Period, it shall use the highest of such firm bid quotations (or any highest firm bid quotation in the case of joint highest firm bid quotations), or, if only one such firm bid quotation is obtained, such firm bid quotation, to determine the sale proceeds that would be realised by a Reference Obligation Holder for the sale of the Reference Asset during the Sale Period.

  • Applicable Capital Gains Tax Rateany Business Day, the applicable tax rate in respect of capital gains as determined by the Calculation Agent that would be imposed or would be reasonably likely to be imposed by the government of the Islamic Republic of Pakistan on a Reference Obligation Holder assuming that such Reference Obligation Holder received no exemptions, in whole or in part, from such tax under the terms of any tax treaty between the Islamic Republic of Pakistan and any other country.

  • Applicable Super Tax Rate means as of anyAct, 2015, and later amended in 2017, and may be subjected to further revisions from time to time) as determined by the Calculation Agent that would be imposed or would be reasonably likely to be imposed by the government of the Islamic Republic of Pakistan on a Reference Obligation Holder that were also a banking company for the purposes of the laws, regulations and/or tax codes of the Islamic Republic of Pakistan which impose such super tax.

  • For the avoidance of doubt, the Interest Amount of the Notes will take into account the withholding tax (which, as at the Trade Date, is 7.5%) that is currently imposed by the government of People’s Republic of Bangladesh on a Reference Obligation Holder.

  • No Interest Amount shall be payable by the Issuer in respect of any Interest Payment Date unless and until the relevant Reference Asset Coupon Amount has actually been received by the Reference Obligation Holder and such amount has been fully converted into USD by the Calculation Agent by the Reference Asset Coupon Amount Conversion Date applying the Average Spot Rate in respect of the relevant Averaging Period.

  • A new Paragraph 2(iii) shall be included in the Credit Terms: (iii) the Securityholder will receive a payment from the Issuer of an amount in USD equivalent to the cash payments (if any) actually received by a Reference Obligation Holder from the Reference Entity in respect of periodic interest and any principal payments (if applicable) during the period from but excluding the Credit Event Determination Date to the Final Delivery Date, with the delivery of any Asset Amount by the Issuer.

  • For the avoidance of doubt, the Interest Amount of the Notes will take into account any applicable withholding tax in force as at the relevant Reference Asset Interest Amount Payment Date that is imposed on a Reference Obligation Holder.

  • Applicable Super Tax Rate means as of anyAct, 2015, and later amended in 2017, and may besubjected to further revisions from time to time) as determined by the Calculation Agent that would be imposed or would be reasonably likely to be imposed by the government of the Islamic Republic of Pakistan on a Reference Obligation Holder that were also a banking company for the purposes of the laws, regulations and/or tax codes of the Islamic Republic of Pakistan which impose such super tax.

  • Applicable Super Tax RateAct, 2015, and later amended in 2017, and may besubjected to further revisions from time to time) as determined by the Calculation Agent that would be imposed or would be reasonably likely to be imposed by the government of the Islamic Republic of Pakistan on a Reference Obligation Holder that were also a banking company for the purposes of the laws, regulations and/or tax codes of the Islamic Republic of Pakistan which impose such super tax.


More Definitions of Reference Obligation Holder

Reference Obligation Holder means a holder of the Reference Obligation with the same tax status as BNPP or, if any Affiliate of BNPP or the Hedging Vehicle holds the Reference Obligation to hedge BNPP’s obligations hereunder, such Affiliate or Hedging Vehicle, as the case may be, in any case assuming that BNPP, such Affiliate or Hedging Vehicle, as the case may be, treats Counterparty as the beneficial owner of the Reference Obligation for U.S. federal income tax purposes.
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Reference Obligation Holder means a notional broker/dealer which (i) holds the Reference Assets, with an intention to hold them to maturity and (ii) is domiciled and subject to taxationand the same securities law and regulations in the jurisdiction where Standard Chartered Bank or any of its affiliates may hold the Reference Obligation.
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Reference Obligation Holder means a notional broker/dealer (i) holding the Reference Assets, which holding is intended to be held to maturity and (ii) resident and subject to taxation and securities laws and regulations in the same jurisdictions as the Issuer from time to time, which may include the Islamic Republic of Pakistan.
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Reference Obligation Holder means, in respect of a Reference Obligation, a hypothetical holder of record (domiciled, for tax purposes, in Canada) of such Reference Obligation who, through a purchase transaction, is the beneficial owner of an amount of the relevant Reference Obligation, in a principal amount equal to the Face Amount of such Reference Obligation, on the Effective Date or the relevant Addition Commitment Date and who remains, as of the relevant day of determination, the holder of such amount of such Reference Obligation.
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Related to Reference Obligation Holder

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

  • Reference Obligations The residential mortgage loans identified on xxxx://xxx.xxxxxxxxxx.xxx/creditriskofferings/security_data.html. Reference Pool: All of the Reference Obligations, collectively.

  • Credit Event Reference Obligation means, with respect to any Payment Date, any Reference Obligation with respect to which a Credit Event has occurred.

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Compliance obligation means the quantity of verified reported emissions or assigned emissions for which an entity must submit compliance instruments to ARB.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.

  • Service obligation means the contractual obligation undertaken by an individual under section 2705 or section 2707 to provide health care services for a determinable time period at a site designated by the department.

  • Reversed Credit Event Reference Obligation With respect to any Payment Date means a Reference Obligation formerly in the Reference Pool that became a Credit Event Reference Obligation in a prior Reporting Period that is found in the related Reporting Period, through Xxxxxxx Mac’s quality control process, to have an Underwriting Defect or a data correction that invalidates the previously determined Credit Event.

  • Guarantor Subordinated Obligations means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • Finance Obligations means, at any date, (i) all Senior Credit Obligations, (ii) all Swap Obligations of a Loan Party permitted hereunder owed or owing to any Swap Creditor and (iii) all Cash Management Obligations.

  • Eligible obligation means an obligation issued or incurred by an authority or by a municipality on behalf of an authority before August 19, 1993 and its subsequent refunding by a qualified refunding obligation. Eligible obligation includes an authority’s written agreement entered into before August 19, 1993 to pay an obligation issued after August 18, 1993 and before December 31, 1996 by another entity on behalf of the authority.

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Fixed Rate Obligation means any Collateral Loan that bears a fixed rate of interest.

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied:

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of trust certificates or other instruments intended to be issued in compliance with the principles of Shari'ah, whether or not in return for consideration of any kind.

  • Secured Recourse Indebtedness means all Indebtedness (including Guaranties of Secured Indebtedness) that is Secured Indebtedness and is not Nonrecourse Indebtedness.

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Guaranty Obligation has the meaning specified in the definition of "Contingent Obligation."

  • Relevant Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of Islamic-compliant certificates, whether or not in return for consideration of any kind, which for the time being are, or are intended to be, or are capable of being, quoted, listed or ordinarily dealt in or traded on any stock exchange, over-the-counter or other securities market.

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Secured Longer-Term Indebtedness means, as at any date, Indebtedness for borrowed money (other than Indebtedness hereunder) of the Borrower (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum (or an amount in excess of 1% of the aggregate initial principal amount of such Indebtedness per annum on terms mutually agreeable to the Borrower and the Required Lenders)) or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date; (b) is incurred pursuant to documentation containing (i) financial covenants, covenants governing the borrowing base, if any, covenants regarding portfolio valuations, and events of default that are no more restrictive in any respect than those set forth in this Agreement (other than, if such Indebtedness is governed by a customary indenture or similar instrument, events of default that are customary in indentures or similar instruments and that have no analogous provisions in this Agreement or credit agreements generally) (provided that, upon the Borrower’s request, this Agreement will be deemed to be automatically amended (and, upon the request of the Administrative Agent or the Required Lenders, the Borrower and the Lenders shall enter into a document evidencing such amendment), mutatis mutandis, to make such covenants more restrictive in this Agreement as may be necessary to meet the requirements of this clause (b)(i)) and (ii) other terms (other than interest and any commitment or related fees) that are no more restrictive in any material respect than those set forth in this Agreement; and (c) ranks pari passu with the obligations under this Agreement and is not secured by any assets of any Person other than any assets of any Obligor pursuant to the Security Documents and the holders of which, or the agent, trustee or representative of such holders on behalf of and for the benefit of such holders, have agreed to be bound by the provisions of the Security Documents in a manner reasonably satisfactory to the Administrative Agent and the Collateral Agent. For the avoidance of doubt, (a) Secured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Secured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition and (b) any payment on account of Secured Longer-Term Indebtedness shall be subject to Section 6.12.

  • Excluded Hedge Obligation means, with respect to any Guarantor, any Hedge Obligation if, and to the extent that, all or a portion of the Guaranty of such Credit Party of, or the grant by such Credit Party of a security interest to secure, such Hedge Obligation (or any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Credit Party’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guaranty of such Credit Party or the grant of such security interest becomes effective with respect to such Hedge Obligation. If a Hedge Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Hedge Obligation that is attributable to swaps for which such Guaranty or security interest is or becomes illegal.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter Incurred) which is subordinate or junior in right of payment to the Securities pursuant to a written agreement.

  • Issuer Secured Obligations means the Insurer Issuer Secured Obligations and the Trustee Issuer Secured Obligations.