Reference Obligation Characteristics definition

Reference Obligation Characteristics means each of the following Deliverable Obligation Characteristics:Not Contingent Transferable Assignable Loan Consent Required Loan Not BearerMaximum Maturity: 30 years Specified Currency: Standard Specified Currencies All Guarantees: Applicable 2 Initial Exchange Amounts Party B Initial Exchange Amount: EUR 5,000,000 Party A Initial Exchange Amount: The Initial Collateral Obligations. Party A shall transferto Party B the Initial Collateral Obligations with full title guarantee, and shall deliver such Initial Collateral Obligations to, or to the order of, the Custodian on behalf of Party B. Title to such Initial Collateral Obligations shall remain with Party A until the Notes are credited, upon their issue, to the securities account of Party A with Euroclear.Party B and Party A Initial Exchange Date:The Effective Date 3 Party A Fixed AmountsParty A Calculation Amount: EUR 5,000,000, provided that if Party A determinesthat a Credit Event has occurred and the Conditions to Settlement are met, the Party A Calculation Amount shall be reduced to zero with effect from the Party A Payment Date immediately preceding the Determination Date (or if such date precedes the first Party A Payment Date, the Effective Date).Party A Payment Dates: 1st June in each year, commencing on 1st June 2010 andending on the Scheduled Termination Date subject to adjustment in each case in accordance with the Following Business Day Convention. If a Party A Payment Date would otherwise have fallen in a Potential Credit Event Period, it shall be deemed to be postponed in accordance with Section 8.1 below.Party A Calculation Periods: Each period from, and including, a Party A Payment Date(or, in the case of the first Calculation Period, the Settlement Date of the Notes) to, but excluding, the next succeeding Party A Payment Date.Party A Fixed Rate: 5.00 per cent. Business Day Convention: Modified Following Party A Fixed Rate Day Count Fraction:4 Final Exchange30/360Party B Final Exchange Date: The earlier to occur of (i) the Maturity Date and (ii) theEarly Redemption Date.Party B Final Exchange Amount: The Collateral Obligations, provided that Party B shallonly transfer the Collateral Obligations which have not matured or otherwise been redeemed in full as at the Party B Final Exchange Date. Party B shall transfer such Collateral Obligations with full title guarantee.Party A Final Exchange Date: The earlier to occur of (i) the Maturity Date and (ii) thetenth Business Day following the Ea...
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Examples of Reference Obligation Characteristics in a sentence

  • For the purposes of the application of the Obligation Characteristics or the Reference Obligation Characteristics to an Underlying Obligation or Insured Instrument, as the case may be, references to the Reference Entity shall be deemed to refer to the Underlying Obligor or Insured Obligor, as the case may be.

  • If the “Assignable Loan”, “Consent Required Loan”, “Direct Loan Participation” or “Transferable” Reference Obligation Characteristics are specified in the relevant Standard, if the benefit of the Qualifying Policy is not transferred as part of any transfer of the Insured Instrument, the Qualifying Policy must be transferable at least to the same extent as the Insured Instrument.

  • For the purposes of the application of the Obligation Characteristics or the Reference Obligation Characteristics, only the Qualifying Policy must satisfy on the relevant Relevant Date the Obligation Characteristic or the Reference Obligation Characteristic of Not Subordinated, if specified in the relevant Standard.

  • For the purposes of the application of the Obligation Characteristics or the Reference Obligation Characteristics both the Qualifying Guarantee and the Underlying Obligation must satisfy on the Relevant Date each of the applicable Obligation Characteristics or Reference Obligation Characteristics if any, specified in the relevant Standard from the following list: “Not Subordinated”, “Standard Specified Currency”, “Not Sovereign Lender”, “Not Domestic Currency” and “Not Domestic Law” .

  • Reference Obligation Characteristics:In respect of a Reference Entity, the Reference Obligation Characteristics specified in the applicable Standard Terms.

  • For the avoidance of doubt, Section 2.21 of the Credit Derivatives Definitions shall apply for the purposes of determining whether an obligation falls within the said Reference Obligation Category and satisfies the Reference Obligation Characteristics.

  • Reference Obligation Characteristics: With respect to each Reference Entity of a particular Regional Designation, the Reference Obligation Characteristics (if any) specified in Schedule C as “Applicable” with respect to Reference Entities of such Regional Designation.

  • References to Deliverable Obligation Category and Deliverable Obligation Characteristics in Sections 2.20 and 2.21 of the Credit Derivatives Definitions shall be construed as references to the Reference Obligation Category and the Reference Obligation Characteristics, respectively and the reference in the first sentence of Section 2.20 to Section 2.15 of the Credit Derivatives Definitions shall be construed as a reference to the definition of Reference Obligation below.

  • For the purposes of the application of the Obligation Characteristics or the Reference Obligation Characteristics both the Qualifying Guarantee and the Underlying Obligation must satisfy on the Relevant Date each of the applicable Obligation Characteristics or Reference Obligation Characteristics if any, specified in the relevant Standard from the following list: “Not Subordinated”, “Standard Specified Currency”, “Not Sovereign Lender”, “Not Domestic Currency” and “Not Domestic Law”.

  • If the Reference Obligation specified in Appendix B ceases to be an obligation of any Successor hereunder, the Calculation Agent shall select a replacement Reference Obligation in its sole and absolute discretion which is a Bond or a Loan and which has the relevant Reference Obligation Characteristics.

Related to Reference Obligation Characteristics

  • Obligation Characteristics means any one or more of Not Subordinated, Specified Currency, Not Sovereign Lender, Not Domestic Currency, Not Domestic Law, Listed and Not Domestic Issuance, and:

  • Reference Obligations The residential mortgage loans identified on xxxx://xxx.xxxxxxxxxx.xxx/creditriskofferings/security_data.html. Reference Pool: All of the Reference Obligations, collectively.

  • Reference Obligation means an obligation used for the purposes of determining the cash settlement value of a credit derivative;

  • Deliverable Obligation Characteristics means Not Subordinated, Specified Currency, Not Contingent, Assignable Loan, Consent Required Loan, Transferable, Not Bearer, Maximum Maturity – 30 years.

  • Credit Event Reference Obligation means, with respect to any Payment Date, any Reference Obligation with respect to which a Credit Event has occurred.

  • Reversed Credit Event Reference Obligation With respect to any Payment Date means a Reference Obligation formerly in the Reference Pool that became a Credit Event Reference Obligation in a prior Reporting Period that is found in the related Reporting Period, through Xxxxxxx Mac’s quality control process, to have an Underwriting Defect or a data correction that invalidates the previously determined Credit Event.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Fixed Rate Obligation Any Collateral Obligation that bears a fixed rate of interest.

  • Compliance Obligations means obligations of the AMC to comply with: (a) laws or international guidance and internal policies or procedures, (b) any demand or request from authorities or reporting, disclosure or other obligations under laws, and (c) laws requiring us to verify the identity of our customers.

  • Compliance obligation means the quantity of verified reported emissions or assigned emissions for which an entity must submit compliance instruments to ARB.

  • 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.

  • Case characteristics means demographic or other objective characteristics of a small

  • Swap Agreement Obligations means any and all obligations of the Loan Parties and their Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any Swap Agreement permitted hereunder with a Lender or an Affiliate of a Lender, and (b) any cancellations, buy backs, reversals, terminations or assignments of any Swap Agreement transaction permitted hereunder with a Lender or an Affiliate of a Lender.

  • Safety Obligations means all applicable obligations concerning health and safety (including any duty of care arising at common law, and any obligation arising under statute, statutory instrument or mandatory code of practice) in Great Britain;

  • Affected Reference Entity means, in respect of a Specified Payment Date, that the Reference Entity was a Non-Determined Reference Entity as of the Cut-off Date relating to that Specified Payment Date (in each case determined by reference to Greenwich Mean Time (or, if the relevant Standard is Japan or Japan Sovereign, Tokyo time)) or that a Deferral Notice has been given to the Company after the Cut-off Date relating to that Specified Payment Date but on or prior to that Specified Payment Date (in each case determined by reference to Greenwich Mean Time).

  • Privacy Obligations means (a) applicable privacy, information security and data protection Laws, (b) applicable self-regulatory standards and (c) published policies or notices of the Company and the Company Subsidiaries, in each case, to the extent related to privacy, information security, data protection or the Processing of Personal Information.

  • 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:

  • Service obligation means the contractual obligation undertaken by an individual under section 2705 or section 2707 to provide health care services for a determinable time period at a site designated by the department.

  • Reference Asset Weight means, in respect of a Reference Asset, the proportion of the Reference Portfolio set out under the heading “Reference Portfolio Weight” for such Reference Asset in the table included under “THE REFERENCE PORTFOLIO, subject to adjustments that may be made pursuant to “DESCRIPTION OF THE NOTES – Adjustments and Exceptional Circumstances”.

  • Deactivation Avoidable Cost Rate means the formula rate established pursuant to Tariff, Part V, section 115 of this Tariff. Deactivation Date:

  • Financial Instrument Obligations means obligations arising under:

  • Net Hedging Obligations means, as of any date, the Termination Value of any such Hedging Agreement on such date.

  • Specified Obligations means Obligations consisting of the principal of and interest on Loans, reimbursement obligations in respect of Swing Line Loans and L/C Obligations (including interest accrued thereon), and fees.

  • E-Auction Process Information Document means this document including all the appendices hereto, for the purposes of setting out the process for submission of a bid and selection of Successful Bid in accordance with the provisions of the IBC and shall include all supplements, modifications, amendments, alterations or clarifications thereto issued in accordance with the terms hereof.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

  • Bondable stranded costs rate order means one or more