Bond or Loan definition

Bond or Loan means any obligation that is either a Bond or a Loan.

Bond or Loan means any obligation that is either a Bond or a Loan.(b) "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:(i) (A) "Not Subordinated" means an obligation that is not Subordinated to(I) the Reference Obligation or (II) the Prior Reference Obligation, if applicable;(B) "Subordination" means, with respect to an obligation (the "Second Obligation") and another obligation of the Reference Entity to which such obligation is being compared (the "First Obligation"), a contractual, trust or similar arrangement providing that (I) upon the liquidation, dissolution, reorganization or winding-up of the Reference Entity, claims of the holders of the First Obligation are required to be satisfied prior to the claims of the holders of the Second Obligation, or(II) the holders of the Second Obligation will not be entitled to receive or retain principal payments in respect of their claims against the Reference Entity at any time that the Reference Entity is in payment arrears or is otherwise in default under the First Obligation. "Subordinated" will be construed accordingly. For purposes of determining whether Subordination exists or whether an obligation is Subordinated with respect to another obligation to which it is being compared, (x) the existence of preferred creditors arising by operation of law or of collateral, credit support or other credit enhancement or security arrangements shall not be taken into account, except that, notwithstanding the foregoing, priorities arising by operation of law shall be taken into account where the Reference Entity is a Sovereign and (y) in the case of the Reference Obligation or the Prior Reference Obligation, as applicable, the ranking in priority of payment shall be determined as of the date as of which it was issued or incurred (or incircumstances where the Reference Obligation or a Prior Reference Obligation is the Standard Reference Obligation and "Standard Reference Obligation" is applicable, then the priority of payment of the Reference Obligation or the Prior Reference Obligation, as applicable, shall be determined as of the date of selection) and, in each case, shall not reflect any change to such ranking in priority of payment after such date; and(C) "Prior Reference Obligation" means, in circumstances where no Reference Obligation is applicable to a Reference Entity, (I) the Referen...

Bond or Loan means any obligation that is either a Bond or a Loan. (B) "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 specified in the applicable Final Terms, where: (1)

Examples of Bond or Loan in a sentence

• Restructuring Date means, with respect to a Restructured Bond or Loan, the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

• Restructured Bond or Loan means an Obligation which is a Bond or Loan and in respect of which the Restructuring that is the subject of a Credit Event Notice has occurred.

• In the event that the Scheduled Maturity Date is later than (i)(A) the final maturity date of the Latest Maturity Restructured Bond or Loan, if any, or (B) the 2.5-year Limitation Date, and, in either case, no Enabling Obligation exists or (ii) the 20-year Limitation Date, the Restructuring Maturity Limitation Date will be the Scheduled Maturity Date.

• Borrowed Money None defined None Bond or Loan Not SubordinatedSpecified Currency: Standard Specified Currencies Not ContingentAssignable Loan Consent Required Loan TransferableMaximum Maturity: 30 years Not Bearer None ApplicableSettlement Protocol: If a protocol or other market standard valuation procedure sponsored by the International Swaps and Derivatives Association, Inc.

• Notwithstanding the foregoing, for purposes of this paragraph, in the case of a Restructured Bond or Loan with a final maturity date on or prior to the 10-year Limitation Date, the final maturity date of such Bond or Loan shall be deemed to be the earlier of such final maturity date or the final maturity date of such Bond or Loan immediately prior to the relevant Restructuring.

• Notwithstanding the foregoing, for purposes of this part (D), in the case of a Restructured Bond or Loan with a final maturity date on or prior to the 10- year Limitation Date, the final maturity date of such Bond or Loan shall be deemed to be the earlier of such final maturity date or the final maturity date of such Bond or Loan immediately prior to the relevant Restructuring.

• The Reference Obligation will be obligations of the relevant Reference Entity selected by the Calculation Agent in its sole and absolute discretion which satisfy the following Deliverable Obligation Category and Deliverable Obligation Characteristics: Deliverable Obligation Category: Bond or Loan.

• 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.

• If Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation are applicable and if the Scheduled Maturity Date is later than the 2.5-year Limitation Date and prior to the 5-year Limitation Date, a Restructured Bond or Loan will not constitute an Enabling Obligation.

• For the purposes of this paragraph only and notwithstanding the foregoing, in the case of a Restructured Bond or Loan with a final maturity date on or prior to the 10-year Limitation Date, the final maturity date of such Bond or Loan shall be deemed to be the earlier of such final maturity date or the final maturity date of such Bond or Loan immediately prior to the relevant Restructuring.

More Definitions of Bond or Loan

Bond or Loan. (Anleihe oder Darlehen) means any obligation that is either a Bond or a Loan.] [If appropriate, insert other definition.]

Bond or Loan means any obligation that is either a Bond or a Loan. (B) 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 Specified, where: (1) Not Subordinated means an obligation that is not Subordinated to (I) the Reference Obligation or, (II) the Prior Reference Obligation, if applicable;

Bond or Loan means any obligation that is either a Bond or a Loan. Source: 2003 ISDA Credit Derivatives Definitions (pp.12 ‐13)Note: Capitalized terms have the meaning prescribed to them in the 2003 ISDA Credit Derivatives Definitions. Exhibit 8: Obligation Characteristics Definitions Any characteristics can be specified in the CDS contract (Confirmation). Obligation Characteristics1) Not Subordinated: means any obligation that is not Subordinated to (i)the most senior Reference Obligation in priority of payment or (ii) if no Reference Obligation is specified in the related Confirmation, any unsubordinated Borrowed Money obligation of the Reference Entity.2) Specified Currency: means an obligation that is payable in the currency or currencies specified as such in the related Confirmation (or, if Specified Currency is specified in a Confirmation and no currency is so specified, any of the lawful currencies of Canada, Japan, Switzerland, the United Kingdom and the United States of America and the euro and any successor currency to any of the aforementioned currencies, which currencies shall be referred to collectively in a Confirmation as the “Standard Specified Currencies”.3) Not Sovereign Lender: means any obligation that is not primarily owed to a Sovereign or Supranational Organization, including, without limitation, obligations generally referred to as “Paris Club debt”.4) Not Domestic Currency: means any obligation that is payable in any currency other than the Domestic Currency.5) Not Domestic Law: means any obligation that is not governed by the laws of (A) the relevant Reference Entity, if such Reference Entity is a Sovereign, or (B) the jurisdiction of organization of the relevant Reference Entity, if such Reference Entity is not a Sovereign.6) Listed: means an obligation that is quoted, listed or ordinarily purchased and sold on an exchange.