Substitute Reference Obligation definition
Substitute Reference Obligation means one or more obligations of a Reference Entity (either directly or as provider of a Qualifying Affiliate Guarantee or, if All Guarantees is specified as applicable, as provider of any Qualifying Guarantee) that will replace one or more Reference Obligations, identified by the Calculation Agent in accordance with the following procedures:
Substitute Reference Obligation means, with respect to a Non-Standard Reference Obligation to which a Substitution Event has occurred, the obligation that will replace the Non-Standard Reference Obligation, determined by the Calculation Agent as follows:
Substitute Reference Obligation means one or more obligations of the Reference Entity (either directly or as provider of a Qualifying Affiliate Guarantee, or, if “All Guarantees” is applicable in the relevant Pricing Supplement, Qualifying Guarantee) that will replace one or more Reference Obligations, identified by the Calculation Agent in accordance with the following procedures:
Examples of Substitute Reference Obligation in a sentence
The Substitute Reference Obligation or Substitute Reference Obligations identified by the Calculation Agent shall, without further action, replace such Reference Obligation or Reference Obligations.
More Definitions of Substitute Reference Obligation
Substitute Reference Obligation means one or more obligations of a Reference Entity (either directly or as provider of a Qualifying Guarantee) that will replace the Reference Obligation of such Reference Entity, identified by the Calculation Agent in accordance with the following procedures:
Substitute Reference Obligation means one or more obligations of a Reference Entity (either directly or as provider of a Qualifying Affiliate Guarantee or, if All Guarantees is specified as applicable to such Reference Entity, as provider of any Qualifying Guarantee) that will replace one or more Reference Obligations identified by the relevant Credit Derivatives Determinations Committee. If the relevant Credit Derivatives Determinations Committee has not identified a Substitute Reference Obligation, the Calculation Agent, in its sole and absolute discretion, will identify a Substitute Reference Obligation in accordance with the following provisions.
Substitute Reference Obligation means one or more obligations (either directly or as provider of a Qualifying Guarantee) of a Reference Entity that will replace one or more Reference Obligations of such Reference Entity (if applicable), as determined by the Calculation Agent, in accordance with the following procedures:
Substitute Reference Obligation means an Obligation that replaces a Reference Obligation pursuant to “Description of the Notes – Substitute Reference Obligations” herein.
Substitute Reference Obligation means any T-Bond Obligation of the Reference Entity that satisfies the Not Subordinated Deliverable Obligation Characteristic, as selected by the Calculation Agent in its sole and absolute discretion.
Substitute Reference Obligation means one or more obligations of the Reference Entity (either directly or as provider of a Qualifying Affiliate Guarantee or, with respect to the Reference Entities, as specified in the Standard Terms applicable to each such Reference Entity, as provider of any Qualifying Guarantee) that will replace one or more Reference Obligations, identified by the Swap Calculation Agent in accordance with the following procedures:
Substitute Reference Obligation means one or more obligations of the Reference Entity (either directly or as provider of a Qualifying Affiliate Guarantee, or, if “All Guarantees” is applicable in the relevant Pricing Supplement, Qualifying Guarantee) that will replace one or