Examples of Consent Required Loan in a sentence
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.
Where a Quotation is sought in respect of a Valuation Obligation which is a Consent Required Loan, any firm bid quotations received from Dealers in respect of such Valuation Obligation shall be treated as firm bid quotations notwithstanding that the Dealers express such firm bid quotations as being subject to the loan documentation.
Deliverable Obligation Characteristics: Not Subordinated, Specified Currency, Not Contingent, Assignable Loan, Consent Required Loan, Transferable,Maximum Maturity: 30 years, Not Bearer.
Where a Quotation is sought in respect of a Valuation Obligation which is a Consent Required Loan, any firm bid quotations received from Dealers in respect of such Valuation Obligation shall be treated as firm bid quotations notwithstanding that the Dealers expresssuch firm bid quotations as being subject to the loan documentation.
Where a Valuation Obligation is a Consent Required Loan, the relevant Quotations shall be obtained from each quoting Dealer expressly as if the relevant consent had been obtained for the transfer of such Consent Required Loan to such Dealer.
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.Deliverable Obligation Characteristics: Not Subordinated, Specified Currency, Not Contingent, Assignable Loan, Consent Required Loan, Transferable, Maximum Maturity: 30 years, Not Bearer.
If more than one Assignable Loan and Consent Required Loan are specified as Deliverable Obligation Characteristics in the applicable Final Terms, the Deliverable Obligation may include any Loan that satisfies any one of such Deliverable Obligation Characteristics specified and need not satisfy all such Deliverable Obligation Characteristics.
For the avoidance of doubt, if the assignment or novation of a Loan requires the consent of any lender or any other party to such Loan other than the borrower, guarantor or agent of such loan, it shall not satisfy the definition of Consent Required Loan.
But when the secondary system also fails for example in a core software problem then the primary and secondary systems will fail so we go to stateC.