Underlying Obligation definition
Underlying Obligation means, with respect to a guarantee, the obligation which is the subject of the guarantee.
Underlying Obligation means any Obligation of the Underlying Obligor from Borrowed Money for which the Reference Entity is acting as provider of a Qualifying Guarantee.
Underlying Obligation has the meaning given in paragraph 6.3 of Part B of Schedule 2.2 (Performance Measures and Monitoring);
Examples of Underlying Obligation in a sentence
The Exercise Price less the Reference Price of the Underlying Obligation, multiplied by the number or amount of the Underlying Obligations that are affected by the exercise of the relevant option.
The Pledgor will not amend, modify, terminate or waive any provision of any Affiliate Transfer Document or any agreement giving rise to an Underlying Obligation in any manner.
More Definitions of Underlying Obligation
Underlying Obligation means, with respect to a Qualifying Guarantee, the obligation that the applicable Reference Entity is guaranteeing.
Underlying Obligation has the meaning set forth in Section 5.7(b).
Underlying Obligation means the obligations of any Underlying Obligor with respect to an Underlying Transaction.
Underlying Obligation has the meaning specified in the definition of Qualifying Affiliate Guarantee.
Underlying Obligation means the obligations of the related Pledgor to the Seller with respect to an Affiliate Transfer.
Underlying Obligation has the meaning ascribed thereto in section 8.2(h);
Underlying Obligation means an obligation in respect of which the Reference Entity has agreed to pay all the amounts due thereunder.