Examples of Obligation Category in a sentence
References to Deliverable Obligation, Deliverable Obligation Category and Deliverable Obligation Characteristics in the definition of Reference Obligation are for convenience only and are not intended to amend Cash Settlement as the Settlement Method.
If the Obligation Characteristic “Listed” is specified as being applicable in the relevant Standard, the Notes or, as the case may be, the Swap Agreement shall be construed as though Listed had been specified as an Obligation Characteristic only with respect to Bonds and shall only be relevant if Bonds are covered by the selected Obligation Category.
The Obligation Category “Borrowed Money” and the Obligation Category and Reference Obligation Category “Bond” shall be deemed to include distributions payable under an Insured Instrument in the form of a pass-through certificate or similar funded beneficial interest, the Reference Obligation Category “Bond” shall be deemed to include such an Insured Instrument and the terms “obligation” and “obligor” in respect of such an Insured Instrument shall be construed accordingly.
Grace Period Extension:Not applicable Obligations: The Specified Reference Obligation and any other obligation of the Reference Entity (either directly or as provider of any Qualifying Guarantee or, if All Guarantees is specified as applicable, as provider of any Qualifying Guarantee) as described in accordance with the Obligation Category and Obligation Characteristics set out below.
For purposes of Section 3.2(a) (Valuation Obligation), the term "Valuation Obligation" may be defined as each obligation of the Reference Entity described by the Valuation Obligation Category specified as being applicable in the Standard, and, subject to Section 3.15 (Interpretation of Provisions), having each of the Valuation Obligation Characteristics, if any, specified as being applicable in the Standard, in each case, as of the Valuation Date (unless otherwise specified).