Relevant Obligations means the Obligations constituting Bonds and Loans of the Reference Entity outstanding immediately prior to the effective date of the Succession Event, excluding any debt obligations outstanding between the Reference Entity and any of its Affiliates, as determined by the Calculation Agent. The Calculation Agent will determine the entity which succeeds to such Relevant Obligations on the basis of the Best Available Information. If the date on which the Best Available Information becomes available or is filed precedes the legally effective date of the relevant Succession Event, any assumptions as to the allocation of obligations between or among entities contained in the Best Available Information will be deemed to have been fulfilled as of the legally effective date of the Succession Event, whether or not this is in fact the case.

Relevant Obligations means the Obligations of the Reference Entity which fall within the Obligation Category "Bond or Loan" and which are outstanding immediately prior to the Succession Date (or, if there is a Steps Plan, immediately prior to the legally effective date of the first succession), provided that:

Relevant Obligations shall have the meaning provided in Section 13.07(c)(ii).

Examples of Relevant Obligations in a sentence

CAPACITY USER shall ensure that in connection with the TERMINAL USE AGREEMENT all ASSOCIATED PERSONS shall be subject to a written contract which imposes RELEVANT OBLIGATIONS on the ASSOCIATED PERSONS.
CAPACITY USER shall be responsible for the observance and performance by the ASSOCIATED PERSONS of the RELEVANT OBLIGATIONS and shall be directly liable to OPERATOR for any breach of the RELEVANT OBLIGATIONS by any ASSOCIATED PERSON.

More Definitions of Relevant Obligations

Relevant Obligations means any existing, future or contingent obligations of a collateral provider or another person;

Relevant Obligations means, as of any date of determination, the aggregate principal amount (or in the case of obligations or other credit support not in respect of Indebtedness, the aggregate maximum amount of such obligations or other credit support (or if less, the maximum amount of the underlying obligations held by the beneficiary such obligations or other credit support supported thereby) as of such date in respect of, without duplication,

Relevant Obligations means the Issuer Obligations and the Guarantor Obligations (as the case may be);

Relevant Obligations. , in relation to a company, means the company’s obligations under—

Relevant Obligations means the obligations of the Performing Subsidiary to the Compensation Funds under clauses 6 and 9, and the obligations of JHINV under the JHINV Guarantee.

Relevant Obligations has the meaning given to it in Condition 4.2 (Subordination);