Reference Obligation Only definition

Reference Obligation Only means any obligation that is a Reference Obligation and no Obligation Characteristics shall be applicable to Reference Obligation Only;
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Reference Obligation Only means that only the Reference Obligation which is specified in the Specific Terms will constitute an "Obligation".
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Reference Obligation Only means any obligation that is a Reference Obligation and no Obligation Characteristics (for purposes of determining Obligations) or, as the case may be, no Deliverable Obligation Characteristics (for purposes of determining Deliverable Obligations) shall be applicable where Reference Obligation Only applies.
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Examples of Reference Obligation Only in a sentence

  • Reference Obligation Only Termination Amount:Not Applicable.Paragraph 18 ( Early redemption of Reference Obligation Only Securities following a Substitution Event) of the Credit Terms shall not apply to the Notes and shall be deleted (without renumbering any remaining paragraphs).

  • For the avoidance of doubt, no Substitute Reference Obligation shall be determined in respect of any Credit Linked Notes that are Reference Obligation Only Notes.

  • If the Warrants are terminated early (for example for an illegality or, in the case of Reference Obligation Only Warrants, following a Substitution Event) or a Credit Event Determination Date occurs in respect of a Reference Entity prior to the Scheduled Cut-off Date, no amounts will be payable to investors in respect of such issue price on such termination or on settlement following the relevant Credit Event Determination Date.

  • For the avoidance of doubt, no Substitute Reference Obligation shall be determined in respect of any Notes that are Reference Obligation Only Notes.

  • Obligation Category means one of the following categories: Payment, Borrowed Money, Reference Obligation Only, Bond, Loan, Bond or Loan.

  • If a Substitution Event occurs in respect of the Reference Obligation in Reference Obligation Only Notes and unless Substitution Event Early Redemption is specified as “Not Applicable” in these Terms and Conditions the Calculation Agent shall consider such event as an event triggering the early redemption of the Notes and the Issuer shall terminate its obligations under the Notes and shall pay or cause to be paid an Early Redemption Amount on the basis of the Market Value.

  • The Obligation Category applicable to a Reference Entity will be specified in the applicable Pricing Supplement from among the following: (i) Payment, (ii) Borrowed Money, (iii) Reference Obligation Only, (iv) Bond, (v) Loan and (vi) Bond or Loan.

  • The Obligation Characteristics applicable to a Reference Entity will be specified in the applicable Pricing Supplement from among the following: (i) Not Subordinated, (ii) Specified Currency, (iii) Not Sovereign Lender, (iv) Not Domestic Currency, (v) Not Domestic Law, (vi) Listed and (vii) Not Domestic Issuance; provided that no Obligation Characteristics shall apply if the Obligation Category is Reference Obligation Only.

  • This would include but not be limited to Reference Obligation Only Transactions, Loan Only Transactions, Preferred CDS Transactions and Fixed Recovery Transactions.

  • Section 12.15 of the 2014 Credit Derivatives Definitions is amended by replacing the words "the earliest to occur of (a) the Scheduled Termination Date, (b) the Event Determination Date and (c) in the case of a Reference Obligation Only Trade only, the Termination Date" with "the earlier to occur of the Scheduled Termination Date and the Calculation Date on which the Outstanding Swap Notional Amount is reduced to zero".


More Definitions of Reference Obligation Only

Reference Obligation Only means any obligation that is a Reference Obligation and no Obligation Characteristics or, as the case may be, Deliverable Obligation Characteristics shall be applicable where Reference Obligation Only applies.
Sample 1Sample 2
Reference Obligation Only means any obligation that is a Reference Obligation and no Obligation Characteristics (for purposes of determining Obligations) or, as the case may
Sample 1Sample 2

Related to Reference Obligation Only

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

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

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

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

  • Guarantor Subordinated Obligation means, with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinate in right of payment to the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee pursuant to a written agreement.

  • 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.

  • cross-default obligation means a term of any agreement or arrangement whereby the Appointee's liability to pay or repay any debt or other sum arises or is increased or accelerated by reason of a default of any person other than the Appointee. 6.12 Without prejudice to the application of paragraph 6.2 the Appointee shall declare or pay dividends only in accordance with a dividend policy which has been approved by the Board of the Appointee and which complies with the following principles -

  • 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 1.06. 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.

  • Liquidity Obligations “Loan Trustee”, “Non-Extended Facility”, “Note Purchase Agreement”, “Operative Agreements”, “Participation Agreement”, “Performing Equipment Note”, “Person”, “Pool Balance”, “Rating Agencies”, “Regular Distribution Date”, “Replacement Liquidity Facility”, “Responsible Officer”, “Scheduled Payment”, “Special Payment”, “Stated Interest Rate”, “Subordination Agent”, “Taxes”, “Threshold Rating”, “Transfer”, “Trust Agreement”, “Trustee”, “Underwriters”, and “Underwriting Agreement”.

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

  • 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: