ESG Collateral Obligation means any debt obligation or debt security acquired by the Issuer after the First Refinancing Date where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is any of the following: (i) the speculative extraction of oil and gas from tar sands and arctic drilling, thermal coal mining or the generation of electricity using coal; (ii) the production of palm oil; (iii) the production or distribution of opioids; (iv) the operation, management or provider of services to private prisons;
ESG Collateral Obligation. In the sole determination of the Collateral Manager as of the related trade date, any debt obligation or debt security where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is any of the following: (i) the speculative extraction of oil and gas from tar sands and arctic drilling, thermal coal mining or the generation of electricity using coal; (ii) the production of palm oil; (iii) the production or distribution of opioids; (iv) the operation, management or provider of services to private prisons; (v)
ESG Collateral Obligation. Any debt obligation or debt security where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is any of the following:
Examples of ESG Collateral Obligation in a sentence
In relation to the obligor under a debt obligation or debt security, for the purpose of determining whether such Collateral Obligation is an ESG Collateral Obligation, where such obligor derives more than 50% of its revenues from the relevant business, trade or production (as applicable).
In relation to a consolidated group of companies, for the purposes of determining whether a debt obligation or debt security is an ESG Collateral Obligation, where such group derives more than 50% of its revenues from the relevant business, trade or production (as applicable) at the time of purchase of the ESG Collateral Obligation, as determined by the Collateral Manager.
More Definitions of ESG Collateral Obligation
ESG Collateral Obligation. Any debt obligation or debt security where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is any of the following: (i) the production of or trade in controversial weapons or the production of or trade in components or services that have been specifically designed or designated for military purposes for the functioning of controversial weapons; (ii) firearms; (iii) the manufacturing or trade in tobacco or tobacco-related products; (iv) opioid drug manufacturing and distribution; (v) the production of or trade in pornography, adult entertainment or prostitution; (vi) the extraction of thermal coal, fossils fuels from unconventional sources (including artic drilling, tar sands, shale oil and shale gas) or other fracking activities, or coal mining and/or coal based power generation;
ESG Collateral Obligation. Any debt obligation or debt security where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is any of the following: (i) the production of or trade in controversial weapons or the production of or trade in components or services that have been specifically designed or designated for military purposes for the functioning of controversial weapons; (ii) firearms; (iii) the manufacturing or trade in tobacco or tobacco-related products; (iv) opioid drug manufacturing and distribution; (v) the production of or trade in pornography, adult entertainment or prostitution; (vi) the extraction of thermal coal, fossils fuels from unconventional sources (including artic drilling, tar sands, shale oil and shale gas) or other fracking activities, or coal mining and/or coal based power generation; (vii) the oil sands and associated pipelines industry; (viii) upstream production of palm oil and palm fruits products; (ix) the provision of services relating to payday lending; and (x) the trade in endangered or protected wildlife. “European Transparency Requirements”: The transparency requirements under Article 7 of the EU Securitization Regulation, including Commission Implementing Regulation (EU) 2020/1225 and Commission Delegated Regulation (EU) 2020/1224 and any relevant
ESG Collateral Obligation means any debt obligation or debt security where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is:
ESG Collateral Obligation means any debt obligation or debt security where the consolidated group to which the relevant obligor belongs is a group whose Primary Business Activity is any of the following: (i) the speculative extraction of oil and gas from tar sands and arctic drilling, thermal coal mining or the generation of electricity using coal; (ii) the production of palm oil; (iii) the production or distribution of opioids; (iv) the operation, management or provider of services to private prisons; (v) (a) the production of or trade in Controversial Weapons; or (b) the production of or trade in components or services that have been specifically designed or designated for military purposes for the functioning of Controversial Weapons; (vi) the trade in: