Long Dated Obligation definition

Long Dated Obligation. Any Collateral Obligation, the stated maturity date of which is extended to occur after the earliest Stated Maturity of any Secured Note Outstanding pursuant to an amendment or modification of its terms following its acquisition by the Issuer and any Additional Long Dated Obligation.

Long Dated Obligation means any Collateral Debt Obligation that matures after the Stated Maturity Date of the Notes.

Long Dated Obligation means any Underlying Asset with a maturity later than the Stated Maturity of the Notes.

Examples of Long Dated Obligation in a sentence

• Collateral Obligation included in the CCC/Caa Excess will be the Market Value of such Collateral Obligation; provided further that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Security, Long-Dated Obligation or Discount Obligation or is included in the CCC/Caa Excess will be the lowest amount determined pursuant to clauses (a), (b), (c) or (d) above.

• Long-Dated Obligation: A Collateral Obligation that has a stated maturity later than the Stated Maturity of the Notes.

• For the avoidance of doubt, a Long-Dated Obligation shall not constitute For purposes of calculating the Overcollateralization Ratio with respect to any specified Class or Classes of Notes, the Minimum Weighted Average Fixed Rate Coupon Test and the Weighted Average Spread Test, any Issuer Subsidiary Asset shall be treated as having a value no more than the applicable value therefor as determined pursuant to the definition of Par Value Numerator.

More Definitions of Long Dated Obligation

Long Dated Obligation. Any Collateral Obligation (or portion thereof) with a maturity later than the earliest Stated Maturity of the Notes.

Long Dated Obligation. Any Collateral Obligation (or portion thereof) with a maturity later than the earliest Stated Maturity of the Debt.

Long Dated Obligation. A Collateral Obligation, the stated maturity date of which is extended to occur after the Stated Maturity pursuant to an amendment or modification of its terms following its acquisition by the Issuer; provided that, if any Collateral Obligation has scheduled distributions that occur both before and after the Stated Maturity, only the scheduled distributions on such Collateral Obligation occurring after the Stated Maturity of the Secured Debt will constitute a Long Dated Obligation; provided, further, that in determining the scheduled distributions on any Collateral Obligation occurring after the Stated Maturity of the Secured Debt, such Collateral Obligation will be deemed to have a maturity and amortization schedule based on zero unscheduled prepayments.

Long Dated Obligation means an obligation that has a Collateral Obligation Maturity later than the earliest Stated Maturity of the Secured Notes on the date of acquisition; provided that, if any Collateral Obligation has scheduled distributions that occur both before and after the Stated Maturity, only the scheduled distributions on such Collateral Obligation occurring after the Stated Maturity will constitute a Long-Dated Obligation.

Long Dated Obligation. Any Collateral Obligation included in the Assets as permitted under this Indenture the stated maturity date of which is (or becomes) scheduled to occur after the Stated Maturity.

Long Dated Obligation means a Collateral Debt Obligation, the Stated Maturity of which falls beyond the Maturity Date (but not more than two years beyond such Maturity Date);

Long Dated Obligation. An obligation that has a scheduled maturity later than the Stated Maturity of the Notes.