Asset Issuer Obligation definition

Asset Issuer Obligation means, (a) where “Asset Event-Linked to Assets Only” is specified as the applicable Asset Event Type in the relevant Final Terms, Pricing Supplement, Series Prospectus or Series Listing Particulars, the Principal Assets or (b) where “Asset Event-Linked to All Bonds” is specified as the applicable Asset Event Type in the relevant Final Terms, Pricing Supplement, Series Prospectus or Series Listing Particulars, (i) the Principal Assets and (ii) any Bond (ATE) obligation or any Loan (ATE) obligation of the Asset Issuer to the extent that such obligation constitutes, as at the date of occurrence of the relevant Asset Trigger Event, a security possessing all of the Eligibility Characteristics (ATE) and including any Qualifying Guarantee (ATE) to the extent that this and where relevant, the Underlying Obligation, possesses all of the relevant Eligibility Characteristics (ATE)
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Examples of Asset Issuer Obligation in a sentence

  • For purposes of this definition of “Asset Restructuring”, the term Asset Issuer Obligation shall be deemed to include Underlying Obligations for which the Asset Issuer is acting as provider of any Qualifying Guarantee (ATE).

  • Consequently, the Swap will not constitute a purchase or other acquisition or assignment of any interest in any Asset Issuer Obligation or the Asset Issuer (other than in respect of the Assets acquired by the Issuer from the Swap Counterparty on the Issue Date pursuant to and in accordance with the terms of the Swap).

  • Moreover, Bulk Trading had delegated conduct of the arbitration to an agent who was not notified of the proceedings.

  • The Issuer and the Trustee will have rights solely against the Swap Counterparty and, under the Swap, will have no recourse against the obligor in respect of any Asset Issuer Obligation or the Asset Issuer.

  • Moreover, the Swap Counterparty will not grant the Issuer or the Trustee any security interest in any such Asset Issuer Obligation or the Asset Issuer.(e) Asset ReplacementUnder the Conditions, the Issuer may agree to substitute the Principal Assets with Eligible Replacement Assets.

  • None of the Issuer, the Trustee, the Noteholders or any other entity will have any rights to acquire from the Swap Counterparty (or to require the Swap Counterparty to transfer, assign or otherwise dispose of) any interest in any Asset Issuer Obligation or the Asset Issuer (save, in the case of the Issuer, in connection with the purchase of the Assets from the Swap Counterparty on the Issue Date pursuant to and in accordance with the Swap).

Related to Asset Issuer Obligation

  • debt obligation means a public security, as defined by Government Code 1201.002, secured by and payable from ad valorem taxes. The term does not include public securities that are designated as self-supporting by the political subdivision issuing the securities. Gov’t Code 1251.051(1)

  • Subordinated Obligation means any Indebtedness of the Company (whether outstanding on the Issue Date or thereafter incurred) that is subordinated or junior in right of payment to the Notes pursuant to a written agreement.

  • Borrower Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender (or, in the case of any Hedge Agreement referred to below, any Affiliate of any Lender), whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, the other Loan Documents, any Letter of Credit or any Hedge Agreement entered into by the Borrower with any Lender (or any Affiliate of any Lender) or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • Junior Obligation means the Shares, and any other class of the Issuer’s share capital and any instrument or other obligation (including without limitation any preference shares) issued or guaranteed by the Issuer that ranks or is expressed to rank junior to the Capital Securities by operation of law or contract.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Subordinated Obligations has the meaning specified in Section 7.05.

  • Multiple Holder Obligation means an Obligation that (i) at the time of the event which constitutes a Restructuring, is held by more than three holders that are not Affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six-and-two-thirds is required to consent to the event which constitutes a Restructuring, provided that any Obligation that is a Bond shall be deemed to satisfy the requirement in clause (ii) of this definition.

  • Investment Obligations means and include, except as otherwise provided in the Supplemental Indenture providing for the authorization of Bonds, any of the following securities, if and to the extent that such securities are legal investments for funds of the Issuer;

  • 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.