Federal Republic of Germany obligations means (1) securities that are direct obligations of the Federal Republic of Germany for the payment of which its full faith and credit is pledged or (2) obligations of a person controlled or supervised by and acting as an agency or instrumentality of the Federal Republic of Germany, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the Federal Republic of Germany, which, in either case under clauses (1) or (2) are not callable or redeemable at the option of the issuer thereof.
Federal Republic of Germany obligations means direct noncallable obligations of the Federal Republic of Germany, noncallable obligations the payment of the principal of and interest on which is fully guaranteed by the Federal Republic of Germany, and noncallable obligations on which the full faith and credit of the Federal Republic of Germany is pledged to the payment of the principal thereof and interest thereon.
Federal Republic of Germany obligations means securities that are direct and unconditional obligations of the Federal Republic of Germany or any of its states (Bundeslander), as defined in Section 1807 No. 2 of the German Civil Code (Burgerliches Gesetzbuch), as from time to time amended, and are not callable or redeemable at the option of the issuer thereof.
Examples of Federal Republic of Germany obligations in a sentence
By the Paris Protocols of 1954, the mutual defence obligations of the 1948 Brussels Treaty were reinforced by assigning Western European Union’s (WEU) defence role to the North Atlantic Treaty Organisation while placing upon the Federal Republic of Germany obligations not to develop nuclear, chemical or biological weapons, strategic bombers, large capital ships or offensive missiles.
For states such as the Federal Republic of Germany, obligations also arise from the principle of commitment to international law, which is enshrined in the constitution, and from the legal system that is derived from it6.
More Definitions of Federal Republic of Germany obligations
Federal Republic of Germany obligations means (1) securities that are direct obligations of the Federal Republic of Germany for the payment of which its full faith and