Not Contingent definition

Not Contingent means any obligation having as of the Delivery Date or Valuation Date, as applicable, and all times thereafter an outstanding principal balance or, in the case of obligations that are not Borrowed Money, a Due and Payable Amount, that pursuant to the terms of such obligation may not be reduced as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). A Convertible Obligation, an Exchangeable Obligation and an Accreting Obligation shall satisfy the Not Contingent Deliverable Obligation Characteristic if such Convertible Obligation, Exchange Obligation or Accreting Obligation otherwise meets the requirements of the preceding sentence so long as, in the case of a Convertible Obligation or an Exchangeable Obligation, the right (A) to convert or exchange such obligation or (B) to require the issuer to purchase or redeem such obligation (if the issuer has exercised or may exercise the right to pay the purchase or redemption price, in whole or in part, in Equity Securities) has not been exercised (or such exercise has been effectively rescinded) on or before the Delivery Date or Valuation Date, as applicable. If a Reference Obligation is a Convertible Obligation or an Exchangeable Obligation, then such Reference Obligation may be included as a Deliverable Obligation only if the rights referred to in clauses (A) and (B) above have not been exercised (or such exercise has been effectively rescinded) on or before the Delivery Date or Valuation Date, as applicable.
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Not Contingent means any obligation having as of the relevant Relevant Date and all times thereafter an outstanding principal balance or, in the case of obligations that are not Borrowed Money, a Due and Payable Amount, that pursuant to the terms of such obligation may not be reduced as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). A Convertible Obligation, an Exchangeable Obligation and an Accreting Obligation shall satisfy the “Not Contingent” Reference Obligation Characteristic if such Convertible Obligation, Exchangeable Obligation or Accreting Obligation otherwise meets the requirements of the preceding sentence so long as, in the case of a Convertible Obligation or an Exchangeable Obligation, the right (A) to convert or exchange such obligation or (B) to require the issuer to purchase or redeem such obligation (if the issuer has exercised or may exercise the right to pay the purchase or redemption price, in whole or in part, in Equity Securities) has not been exercised (or such exercise has been effectively rescinded) on or before the relevant Relevant Date. If a Reference Obligation is a Convertible Obligation or an Exchangeable Obligation, then (subject to Section 7.4 hereof) such Reference Obligation may be included as a Reference Obligation only if the rights referred to in clauses (A) and (B) of this Section 2.20(b)(i) have not been exercised (or such exercise has been effectively rescinded) on or before the relevant Relevant Date. An Insured Instrument will not be regarded as failing to satisfy the “Not Contingent” Reference Obligation Characteristic solely because such Insured Instrument is subject to provisions limiting recourse in respect of such Insured Instrument to the proceeds of specified assets (including proceeds subject to a priority of payments) or reducing the amount of any Instrument Payments owing under such Insured Instrument, provided that such provisions are not applicable to the Qualifying Policy by the terms thereof and the Qualifying Policy continues to guarantee or insure, as applicable, the Instrument Payments that would have been required to be made absent any such limitation or reduction.
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Not Contingent means any obligation having as of the relevant Relevant Date and all times thereafter an outstanding principal balance or, in the case of obligations that are not Borrowed Money, a Due and Payable Amount, that pursuant to the terms of such obligation may not be reduced as a result of the occurrence or non-occurrence of an event or circumstance (other than payment). A Convertible Obligation, an Exchangeable Obligation and an Accreting Obligation shall satisfy the “Not Contingent” Reference Obligation Characteristic if such Convertible Obligation, Exchangeable Obligation or Accreting Obligation otherwise meets the requirements of the preceding sentence so long as, in the case of a Convertible Obligation or an Exchangeable Obligation, the right
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Examples of Not Contingent in a sentence

  • This Agreement is: (check one) ☐ – Not Contingent on the Buyer obtaining financing.

  • Deliverable Obligation Characteristics: Not Subordinated, Specified Currency, Not Contingent, Assignable Loan, Consent Required Loan, Transferable,Maximum Maturity: 30 years, Not Bearer.

  • The Documentation evidencing any Protocol Covered Transaction or Protocol Covered Agreement shall be amended by deleting the words "Not Contingent" and any provision relating to such definitions.

  • The Documentation evidencing any Affected Credit Linked Certificate shall be amended by deleting the words "Not Contingent" and any provisions relating to such definitions.

  • This Agreement is: (check one) ☐ - Not Contingent on the Buyer obtaining financing.

  • Confirms that the Exclusion of Extraterritorial Income Is Not Contingent Upon the Use of Domestic Over Imported GoodsThe foregoing discussion of why the Act’s 50 per cent rule does not violate Article 3.1(b) is confirmed by the Appellate Body report in Canada Autos.

  • A new CME Rule 80202.O (Not Contingent Deliverable Obligation Characteristic) has been added to provide that CDX Untranched Terms will be amended by deleting the words ‘‘Not Contingent’’ to address the removal of this concept in the 2014 ISDA Definitions.

  • ECF No. 48 at 1-2.Solid Rock’s Water Rights Are Present, Not Contingent Solid Rock currently owns water rights as defined and recognized by Nevada law.

  • This Agreement is: (check one) ☒ - Not Contingent on the Buyer obtaining financing.

  • A new CME Rule 80202.O (Not Contingent Deliverable Obligation Characteristic) has been added to provide that CDX Untranched Terms will be amended by deleting the words “Not Contingent” to address the removal of this concept in the 2014 ISDA Definitions.


More Definitions of Not Contingent

Not Contingent means an obligation which on or prior to the date on which it is to be delivered in an Auction has terms such that its outstanding principal balance, or the amount that is due and payable whether by reason of acceleration, maturity, termination or otherwise, is not capable of being reduced as a result of the occurrence or non-occurrence of an event or circumstance (other than payment).
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Not Contingent means any obligation having as of the Credit Event Redemption Date and all times thereafter an outstanding principal balance that pursuant to the terms of such obligation may not be reduced as a result of the occurrence or non-occurrence of an event or circumstance (other than payment).
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Not Contingent means any obligation having at the first Valuation Date and at all times thereafter an outstanding principal amount, or in the case of obligations that are not Borrowed Money, a Due and Payable Amount, that pursuant to the terms of such obligation may not be reduced as a result of the occurrence or the non-occurrence of an event or circumstance (other than payment).
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Not Contingent means, as an Obligation Characteristic or Deliverable Obligation Characteristic, any obligation (a) the payment or repayment of principal in respect of which is not in an amount determined by reference to any formula or index, or which is not subject to any contingency, and (b) which bears interest at either a fixed or floating rate that is paid on a periodic basis and computed on a benchmark interest rate plus or minus a spread, if any;
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Related to Not Contingent

  • Management Control means the possession, directly or indirectly of the power to direct or cause the direction of the management and policies of the Concessionaire, whether through the ownership of voting securities, by contract or otherwise or the power to elect or appoint more than 50% (fifty percent) of the directors, managers, partners or other individuals exercising similar authority with respect to the Concessionaire.

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Family relationship means a relationship between a person and another person within the third degree by consanguinity or the second degree by affinity, as those terms are defined by Subchapter B, Chapter 573, Texas Government Code.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Financially Evaluated Entity means the company which has been evaluated for the satisfaction of the financial requirement set forth in Clause 2.1.3 hereof;

  • Immediate jeopardy means a crisis situation in which the health and safety of patients is at risk. It is a deficient practice which indicates an inability to furnish safe care and services.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;