Unfunded Obligation definition

Unfunded Obligation. This Note constitutes an unfunded obligation of Borrower for income tax purposes. Lender’s rights under the Note shall be no greater than those of a general unsecured creditor of Borrower. The Note is not transferable or assignable pursuant to operation of law or otherwise. BRAINTECH, INC. By: _____________________________ Name: ___________________________ Title: ____________________________ Date: ____________________________
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Unfunded Obligation shall have the meaning set forth in Section 7.7.1 hereof.
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Unfunded Obligation means, as to any Person as of a given date, any purchase obligation, repurchase obligation, forward commitment, unfunded obligation or guarantee of such Person and its Consolidated Subsidiaries, including without limitation any obligation of such Person and its Consolidated Subsidiaries under an agreement to acquire a quantity of a Security.
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Examples of Unfunded Obligation in a sentence

  • Open-Group Unfunded Obligation Consistent with practice since 1965, this report focuses on a 75-year open- group valuation to evaluate the long-run financial status of the OASDI pro- gram.

  • Table IV.A4.—Reasons for Change in Trust Fund (Unfunded Obligation) Ratios at the Beginning of the Tenth Year of Projection Under Intermediate Assumptions [In percent] Item OASITrust Fund DITrust FundOASI and DI Trust Funds, combined Trust fund ratio shown in last year’s report for calendar year 2029 .

  • The Mayor said he would be calling a meeting as the residents must feel vulnerable, as the crossing will be closed 58 minutes out of every 60 minutes.

  • You’ll leave class with a series of flash fictions ready to be pol- ished or expanded in your writing practice.

  • Interest 5,093 4,977 Subtotal Net Periodic Costs89,48488,016 Premium Payments(2,012)(1,934) Actuarial Liability as of September 3087,47286,082 Fund Balance at September 30(35,482)(32,610) Unfunded Obligation at September 3051,99053,472 24Chapter IV FY 2009FY 2008$ Var.% Var.

  • Reconciliation of Present Value of Defined Benefit Obligation and the Fair Value of AssetsPresent Value of Funded Obligation as at March 31, 2016 84.73145.91Fair Value of Plan Assets as at March 31, 2016 84.73145.91Funded Status (579.50)(662.48)Present Value of Unfunded Obligation as at March 31, 2016 579.50662.48Unfunded Net Liability Recognised in the Balance Sheet disclosedunder Current Liabilities and Provisions (Refer note 5 & 9) 579.50 662.48e.

  • Table IV.A4.—Reasons for Change in Trust Fund (Unfunded Obligation) Ratios at the Beginning of the Tenth Year of Projection Under Intermediate Assumptions [In percent] Item OASITrust Fund DITrust FundOASI and DI Trust Funds, combinedTrust fund ratio shown in last year’s report for calendar year 2022a.

  • Fair Value of Assets Year Ended March 31, 2014Year Ended March 31, 2013 (`)(`)Present Value of Funded Obligation as at end of the period--Fair Value of Plan Assets as at end of the period--Funded Asset recognized in the Balance Sheet--Included in provision (Schedule )--Present Value of Unfunded Obligation as at end of the period--Unrecognized Actuarial gains / (losses)--Unfunded Liability recognized in the Balance Sheet--Included in provision (Schedule )19,06,08517,20,102C.

  • Fair Value of Assets Year EndedYear Ended March 31, 2016 March 31, 2015 (Rs.)(Rs.)Present Value of Funded Obligation as at end of the period--Fair Value of Plan Assets as at end of the period--Funded Asset recognized in the Balance Sheet--Included in provision (Schedule )--Present Value of Unfunded Obligation as at end of the period--Unrecognized Actuarial gains / (losses)--Unfunded Liability recognized in the Balance Sheet--Included in provision (Schedule )23,35,94121,73,195C.

  • Present Value of Unfunded Obligation at the beginning of the year3,228.143,039.032.


More Definitions of Unfunded Obligation

Unfunded Obligation. This Note constitutes an unfunded obligation of Borrower for income tax purposes. Lender’s rights under the Note shall be no greater than those of a general unsecured creditor of Borrower. The Note is not transferable or assignable pursuant to operation of law or otherwise. BRAINTECH, INC. By: __________________________ Name: ________________________ Title: _________________________ Date: _________________________
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Unfunded Obligation means each item described in Schedule D.
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Unfunded Obligation means those payment amounts associated with a Covered Obligation but for which no coverage is provided under the Liquidation Plan. The specific Unfunded Obligations which are subject to this Agreement are included in Exhibit 7.1.1 and are specifically two situations: (1) those circumstances where a California resident would receive eighty percent (80%) of the benefit payment leaving twenty percent (20%) as the Unfunded Obligation with the shortfall resulting from the enabling act of the California Life and Health Insurance Guarantee Association; and (2) those circumstances where certain term policies were issued by LML more than ninety (90) days after issuance of the original policy.
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Related to Unfunded Obligation

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • 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.

  • Unfunded Pension Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Amount means, at any time, the sum of (i) the aggregate Exposure Amount at such time plus (ii) the aggregate Unsettled Amount at such time.

  • Unfunded Liabilities means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Single Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for single employer plan terminations.

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Liability means the amount (if any) by which the present value of all vested and unvested accrued benefits under a Single Employer Plan exceeds the fair market value of assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for single employer plan terminations.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Unfunded Vested Liabilities means, for any Plan at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued benefits under such Plan exceeds the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

  • 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.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrower on the assumption that each Lender has made available to the Administrative Agent such Xxxxxx’s share of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.12(b) and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrower or made available to the Administrative Agent by any such Lender, and (b) with respect to any L/C Issuer, the aggregate amount, if any, of amounts drawn under Letters of Credit in respect of which a Revolving Credit Lender shall have failed to make Revolving Credit Loans or L/C Advances to reimburse such L/C Issuer pursuant to Section 2.03(d).

  • Unfunded Exposure Amount means, as of any date of determination, with respect to a Delayed Draw Loan Asset or a Revolving Loan, as applicable, an amount equal to the aggregate amount of all unfunded commitments associated with such Loan Asset as of such date.

  • Unfunded Commitment means, with respect to each Lender, the Revolving Commitment of such Lender less its Revolving Exposure.

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • Excluded Obligations has the meaning set forth in Section 2.5.

  • Unfunded Current Liability of any Plan shall mean the amount, if any, by which the actuarial present value of the accumulated plan benefits under the Plan as of the close of its most recent plan year exceeds the fair market value of the assets allocable thereto, each determined in accordance with Statement of Financial Accounting Standards No. 87, based upon the actuarial assumptions used by the Plan's actuary in the most recent annual valuation of the Plan.

  • Credit Obligations means all principal, interest, fees, reimbursements, indemnifications, and other amounts now or hereafter owed by the Borrower to the Agent and the Banks (or with respect to the Interest Hedge Agreements, any Affiliates of the Banks) under this Agreement, the Notes, the Letter of Credit Documents, and the other Credit Documents and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those obligations.

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

  • 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.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Unfunded Commitments means legally binding investment commitments that are tracked and recorded by the institution's financial reporting system.

  • Current Pay Obligation means a Collateral Debt Obligation that would otherwise be a Defaulted Obligation, but as to which:

  • Canadian Obligations means all amounts, indemnities and reimbursement obligations, direct or indirect, contingent or absolute, of every type or description, and at any time existing, owing by the Canadian Borrowers to the Global Agent, the Revolver Agent, any Canadian Lender or each LC Issuer pursuant to the terms of this Agreement or any other Loan Document (including, but not limited to, interest and fees that accrue after the commencement by or against any Credit Party of any insolvency proceeding, regardless of whether such interest and fees are allowed claims in such proceeding).