Affected Reference Obligation definition

Affected Reference Obligation means, in respect of each Default Swap Agreement, a Reference Obligation in respect of which the Swap Counterparty has delivered a Credit Event Notice and a Notice of Publicly Available Information (or, as the case may be, a Credit Event Certificate);
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Affected Reference Obligation means a Reference Obligation of a Reference Entity in respect of which a Protection Event Notice has been delivered by the Buyer to the Seller;
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Affected Reference Obligation means, at any time, a Reference Obligation in relation to which the Conditions to Settlement have been satisfied, but the relevant Cash Settlement Date has not yet occurred.
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Examples of Affected Reference Obligation in a sentence

  • Following satisfaction of the Conditions to Settlement and the determination of the actual Settlement Amount in respect of a Protection Event an Additional Interest Amount will be calculated as if the deemed reduction of the outstanding Principal Amount of the Notes had been equal to the actual Settlement Amount, rather than the Affected Reference Obligation Notional Amount.

  • With effect from the Protection Event Date the outstanding Principal Amount of the Notes will be deemed, for interest calculation purposes, to be reduced by an amount equal to the Affected Reference Obligation Notional Amount of the relevant Affected Reference Obligation.

  • Following commencement of enforcement procedures, the relevant Eligible Booking Entity may be able to, inter alia, terminate certain agreements related to the Affected Reference Obligation, substitute the Reference Entity or sell assets of the relevant Reference Entity.Investors should note that Reference Entities are incorporated in a variety of jurisdictions and may therefore be subject to differing insolvency regimes.

  • If the Protection Buyer or Eligible Booking Entity has not otherwise determined the Final Loss in relation to an Affected Reference Obligation by the Fall-back Recovery Date then the Protection Buyer will determine the Final Loss by reference to the accounting provision made with respect to the relevant Affected Reference Obligation in the books and records of the Protection Buyer or relevant Eligible Booking Entity.

  • The Settlement Amount which is paid by the Issuer to the Buyer in relation to an Affected Reference Obligation will be determined based on the Final Loss suffered by the Buyer or relevant Eligible Booking Entity in relation thereto.

  • In case an indentor has so indicated, the printed copies will be distributed by the Press in accordance with the distri- bution list to a limited number of bulk consignees.

  • The Settlement Amount which is paid by the Issuer to the Buyer in relation to an Affected Reference Obligation will be determined based on the Final Loss suffered by the Eligible Booking Entity in relation thereto.

  • Enforcement of relevant collateral against Reference Entities may (as well as being limited because of the nature of the assets) be restricted by applicable local insolvency law.There can be no guarantee as to the length of time that any enforcement procedures may take to complete, nor that such procedures will yield sufficient returns to meet all outstanding amounts of principal, interest and other amounts due from the Reference Entity under the related Affected Reference Obligation.

  • In respect of each Affected Reference Obligation, the Buyer shall deliver a Recoveries Certificate to the Verification Agent promptly following the relevant Final Collection Date.

  • The events set out in Sections 4(A), (B), (C) and (D) below and the occurrence of the Scheduled Ramp-Down Date constitute the events which initiate the process set out in this Confirmation by which each Affected Reference Obligation or the relevant portion of the Traded Face Amount thereof is valued and removed from the Portfolio.


More Definitions of Affected Reference Obligation

Affected Reference Obligation means, in respect of a Change in Law Event, a Reference Obligation which is both (i) a Related Reference Obligation, and (ii) a DSCR Reduced Reference
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Affected Reference Obligation means in the context of (1) an election to delete made by Party B pursuant to Section 4(A), each Reference Obligation selected by Party B for deletion from the Portfolio, (2) the occurrence of a Permanent Reduction, Conversion Event or Hedge Event, each Reference Obligation to which such event applies, (3) following the occurrence of an Adverse Claim, each Reference Obligation to which such Adverse Claim applies, (4) the occurrence of the Scheduled Ramp-Down Date, each Reference Obligation comprised in the Portfolio as of the Scheduled Ramp-Down Date, or (5) following the designation of an Early Termination Date, each Reference Obligation comprised in the Portfolio as of the Early Termination Date.
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Related to Affected Reference Obligation

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

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

  • Reference Obligations The residential mortgage loans identified on xxxx://xxx.xxxxxxxxxx.xxx/creditriskofferings/security_data.html.

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

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

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with any issue of trust certificates or other securities intended to be issued in compliance with the principles of Shari’a, whether or not in return for consideration of any kind;

  • Finance Obligations means, at any date, (i) all Senior Credit Obligations, (ii) all Swap Obligations of a Loan Party permitted hereunder owed or owing to any Swap Creditor and (iii) all Cash Management Obligations.

  • Floating Rate Obligation Any Collateral Obligation that bears a floating rate of interest.

  • 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.

  • 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.

  • Zero Coupon Obligation means a debt security that does not expressly provide for the accrual of interest, and includes the former component parts of a debt security that did expressly provide for the accrual of interest if that component part does not itself expressly provide for the accrual 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.

  • 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.

  • Relevant Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of Islamic-compliant certificates, whether or not in return for consideration of any kind, which for the time being are, or are intended to be, or are capable of being, quoted, listed or ordinarily dealt in or traded on any stock exchange, over-the-counter or other securities market.

  • 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:

  • 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 -

  • Other First Lien Obligations means (a) the due and punctual payment by any Loan Party of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding) on Indebtedness under any Other First Lien Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, and (ii) all other monetary obligations of such Loan Party to any Secured Party under any Other First Lien Agreement, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable as a claim in such proceeding), (b) the due and punctual performance of all other obligations of such Loan Party under or pursuant to any Other First Lien Agreement and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to any Other First Lien Agreement.

  • Parity Obligation means any instrument or other obligation issued or entered into by the Issuer that constitutes or qualifies as Additional Tier 1 Capital (or its equivalent) under applicable Capital Regulations or any instrument or other obligation issued, entered into, or guaranteed by the Issuer that ranks or is expressed to rank pari passu with the Capital Securities by operation of law or contract, which for the avoidance of doubt, excludes any Junior Obligations of the Issuer.

  • Additional First Lien Obligations means all amounts owing to any Additional First-Lien Secured Party (including the Initial Additional First-Lien Secured Parties) pursuant to the terms of any Additional First-Lien Document (including the Initial Additional First-Lien Documents), including, without limitation, all amounts in respect of any principal, premium, interest (including any interest accruing subsequent to the commencement of a Bankruptcy Case at the rate provided for in the respective Additional First-Lien Document, whether or not such interest is an allowed claim under any such proceeding or under applicable state, federal or foreign law), penalties, fees, expenses, indemnifications, reimbursements, damages and other liabilities, and guarantees of the foregoing amounts.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Structured Finance Obligation means any obligation issued by a special purpose vehicle and secured directly by, referenced to, or representing ownership of, a pool of receivables or other financial assets of any obligor, including collateralized debt obligations and mortgaged-backed securities. For the avoidance of doubt, if an obligation satisfies the definition of “Structured Finance Obligation”, such obligation shall not (a) qualify as any other category of Portfolio Investment and (b) be included in the Borrowing Base.

  • Additional Second Lien Obligations means, with respect to any Grantor, any obligations of such Grantor owed to any Additional Second Lien Secured Party (or any of its Affiliates) in respect of the Additional Second Lien Documents.

  • Secured Longer-Term Indebtedness means, as at any date, Indebtedness for borrowed money (other than Indebtedness hereunder) of the Borrower (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum (or an amount in excess of 1% of the aggregate initial principal amount of such Indebtedness per annum on terms mutually agreeable to the Borrower and the Required Lenders)) or mandatory redemption, repurchase or prepayment prior to, and a final maturity date not earlier than, six months after the Maturity Date; (b) is incurred pursuant to documentation containing (i) financial covenants, covenants governing the borrowing base, if any, covenants regarding portfolio valuations, and events of default that are no more restrictive in any respect than those set forth in this Agreement (other than, if such Indebtedness is governed by a customary indenture or similar instrument, events of default that are customary in indentures or similar instruments and that have no analogous provisions in this Agreement or credit agreements generally) (provided that, upon the Borrower’s request, this Agreement will be deemed to be automatically amended (and, upon the request of the Administrative Agent or the Required Lenders, the Borrower and the Lenders shall enter into a document evidencing such amendment), mutatis mutandis, to make such covenants more restrictive in this Agreement as may be necessary to meet the requirements of this clause (b)(i)) and (ii) other terms (other than interest and any commitment or related fees) that are no more restrictive in any material respect than those set forth in this Agreement; and (c) ranks pari passu with the obligations under this Agreement and is not secured by any assets of any Person other than any assets of any Obligor pursuant to the Security Documents and the holders of which, or the agent, trustee or representative of such holders on behalf of and for the benefit of such holders, have agreed to be bound by the provisions of the Security Documents in a manner reasonably satisfactory to the Administrative Agent and the Collateral Agent. For the avoidance of doubt, (a) Secured Longer-Term Indebtedness shall also include any refinancing, refunding, renewal or extension of any Secured Longer-Term Indebtedness so long as such refinanced, refunded, renewed or extended Indebtedness continues to satisfy the requirements of this definition and (b) any payment on account of Secured Longer-Term Indebtedness shall be subject to Section 6.12.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • 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.

  • Specified Obligations means Obligations consisting of the principal and interest on Loans, reimbursement obligations in respect of LC Disbursements and fees.