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 - Standard Specified Currencies, 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 most senior Benchmark Obligation in priority of payment or (ii) if no Benchmark Obligation is specified with respect to the relevant Reference Entity in the Swap Agreement or, as the case may be, the Final Terms, any unsubordinated Borrowed Money obligation of the Reference Entity. For purposes of determining whether an obligation satisfies the “Not Subordinated” Obligation Characteristic or Reference Obligation Characteristic , the ranking in priority of payment of each Benchmark Obligation shall be determined as of the later of (1) (x) the Trade Date or (y) if later, the date on which the related entity becomes a Reference Entity and (2) the date on which such Benchmark Obligation was issued or incurred and shall not reflect any change to such ranking in priority of payment after such later date. (B) “Subordination” means, with respect to an obligation (the “Subordinated Obligation”) and another obligation of the Reference Entity to which such obligation is being compared (the “Senior Obligation”), a contractual, trust or similar arrangement providing that (i) upon the liquidation, dissolution, reorganisation or winding up of the Reference Entity, claims of the holders of the Senior Obligation will be satisfied prior to the claims of the holders of the Subordinated Obligation or (ii) the holders of the Subordinated Obligation will not be entitled to receive or retain 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 Senior 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, the existence of preferred creditors arising by operation of law or of collateral, credit support or other credit enhancement 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.
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

  • 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.

  • 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.

  • 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 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.

  • 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.

  • 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.

  • It was agreed that the Council did not wish to add cover for terrorism, equipment breakdown, gates and fencing but that cover for sports equipment should be increased to £20,000.

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

Related to Bond or Loan

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

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Loan or Loans means, as the context may require, Revolving Loans and/or Swing Line Loans.

  • PPP Loan has the meaning set forth in Section 3.28.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Subsidy Loan Any Mortgage Loan subject to a temporary interest subsidy agreement pursuant to which the monthly interest payments made by the related Mortgagor will be less than the scheduled monthly interest payments on such Mortgage Loan, with the resulting difference in interest payments being provided by the employer of the Mortgagor. Each Subsidy Loan will be identified as such in the Mortgage Loan Schedule.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Lender-Paid Mortgage Insurance Loan Each of the Mortgage Loans identified on the Mortgage Loan Schedule as having a Lender-Paid Mortgage Insurance Rate.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • DIP Loan Any Loan (i) with respect to which the related Obligor is a debtor-in-possession as defined under the Bankruptcy Code, (ii) which has the priority allowed pursuant to Section 364 of the Bankruptcy Code and (iii) the terms of which have been approved by a court of competent jurisdiction (the enforceability of which is not subject to any pending contested matter or proceeding).

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Mortgage Loan shall have the meaning assigned to such term in the recitals.

  • Loan means an extension of credit by a Lender to the Borrower under Article II in the form of a Committed Loan or a Swing Line Loan.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Secured Loan has the meaning specified in Section 2(e) hereof.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Eurodollar Loan means any Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.