Obligation Characteristics definition
Examples of Obligation Characteristics in a sentence
For purposes of Section 2.15, the term "Deliverable Obligation" may be defined as each direct obligation of each Reference Entity that (i) is described by the Deliverable Obligation Category specified in the related Confirmation; (ii) has each of the Deliverable Obligation Characteristics, if any, specified in the related Confirmation and (iii) satisfies the other requirements set out at Section 2.15, in each case, as of the Delivery Date.
An obligation of the Reference Entity selected by [ ] that is capable of constituting a Deliverable Obligation as at the Valuation Date]1 Other Provisions2 The “Additional Provisions for the Russian Federation: Obligation Characteristics and Deliverable Obligation Characteristics”, published on August 13, 2004, are incorporated by reference herein and shall be applicable to the Russian Federation if it is a Reference Entity.
The “Additional Provisions for the Republic of Hungary: Obligation Characteristics and Deliverable Obligation Characteristics”, published on February 14, 2005, are incorporated by reference herein and shall be applicable to the Republic of Hungary if it is a Reference Entity.
The Reference Obligation and any other obligation of the Reference Entity (either directly or as provider of any Relevant Guarantee or, if All Guarantees is specified as applicable, as provider of any Qualifying Guarantee) as described in accordance with the Obligation Category and Obligation Characteristics set out below.
Characteristics: The Deliverable Obligation Characteristic(s) specified in the Applicable Convention Terms.