Obligation Default definition

Obligation Default means one or more Obligations in an aggregate amount of not less than the Default Requirement have become capable of being declared due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

Obligation Default means that the Reference Asset [Insert if Credit Events apply to Obligations: and/or any Obligation] [Insert if "Default Requirement" is specified as applicable: in an aggregate amount not less than the Default Requirement] has become capable of being declared due and payable before it would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described) [Insert if Credit Event "Failure to Pay" is applicable: , other than a failure to make any required payment, in respect of the Reference Asset [Insert if Credit Events apply to Obligations: or the Obligation], provided that the determination of the occurrence of an Obligation Default shall be made without regard to any grace period or any conditions precedent to the commencement of any grace period applicable to the Reference Asset [Insert if Credit Events apply to Obligations: or the Obligation] [any event or circumstance which may with giving notice by the holders of the Reference Asset [Insert where Credit Events apply to Obligations: or the Obligation] (or the relevant quorum of holders of the Reference Asset [Insert if Credit Events apply to Obligations: or the Obligation]) or the lapse of time or both, result in the Reference Asset [Insert where Credit Events apply to Obligations: or the Obligation] becoming due and

Obligation Default means that one or more Obligations in an aggregate amount of not less than the Default Requirement specified in the applicable Pricing Supplement (or if none is specified, US$10,000,000 or the equivalent in the relevant currency) have become capable of being declared due and payable before they would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described), other than a failure to make any required payment, in respect of a Reference Entity under one or more Obligations.

Examples of Obligation Default in a sentence

• SIR and each obligor provided an undertaking to cooperate and explore all options with the Fund to maximize value to the Fund's unitholders and SIR and its shareholders in exchange for the Subordinating Parties not demanding repayment or enforcing security as a result of any such Related Party Obligation Default.

• Examples of Credit Events that might apply to individual Credit Linked Securities include Bankruptcy, Failure to Pay, Restructuring, Obligation Acceleration, Obligation Default and Repudiation/Moratorium.

• Secured Obligation Default Loans shall be due and payable upon written demand.

• Obligation Acceleration Obligation Default Repudiation/Moratorium Restructuring: [Restructuring Maturity Limitation and Fully Transferable Obligation: Applicable] [Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation: Applicable] The occurrence of one or more of the Credit Events specified in respect of the relevant Transaction Type corresponding to any Reference Entity in the Matrix during the Reference Period.

• Obligation Acceleration] [Obligation Default] [Rating Downgrade] [Repudiation/Moratorium] [Governmental Intervention] [Restructuring: [Multiple Holder Obligation: Applicable] [Mod R: Applicable] 8This relates to the Reference Entity and/or the Reference Obligation.

• In the event that any Partner (the “Partner-in-Default”) defaults on an obligation that is secured by a security interest in such Partner’s Partnership Interest (a “Secured Obligation Default”), the Partnership and the other XXXXX’X COFFEE ASIA PACIFIC PARTNERS, LP PARTNERSHIP AGREEMENT PAGE 8 OF 29 Partner shall have the right but not the obligation to pay all such amounts (each the “Cure Amount”) as may be necessary to cure any Secured Obligation Default.

• Any such Secured Obligation Default Loan shall bear interest at rate equal to fifteen percent (15%) per annum until repaid in full.

• Nevertheless, a survey of major operators including Third-Party Logistics Operators, Ship operators, Shippers and Beneficial Cargo Owners, and Major Port Authorities carried out by Faber et al in 2012 indicated that the operators surveyed had a clear understanding of the environmental benefits of slow steaming in terms of NOX and SOX emissions reduction as well as CO2 emissions reduction (Faber et al 2012).

• Persons who use crutches, canes, walkers, braces, artificial limbs, or orthopedic shoes are included in this category.

• Other than as expressly modified by the Amendment, the Merger Agreement, which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by CBS with the Securities and Exchange Commission on August 19, 2019, remains in full force and effect.

More Definitions of Obligation Default

Obligation Default means that the Reference Asset [Insert if Credit Events apply to Obligations: and/or any Obligation] [Insert if "Default Requirement" is specified as applicable: in an aggregate amount not less than the Default Requirement] has become capable of being declared due and payable before it would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described) [Insert if Credit Event "Failure to Pay" is applicable: , other than a failure to make any required payment, in respect of the Reference Asset [Insert if Credit Events apply to Obligations: or the Obligation], provided

Obligation Default means the Reference Assets [Insert where Credit Events apply to Obligations: or one or more of the Obligations in an aggregate amount not less than the Material Amount (individually or collectively)] have become capable of being declared due and payable before it would otherwise have been due and payable as a result of, or on the basis of, the occurrence of a default, event of default or other similar condition or event (however described) [Insert if Failure to Pay is applicable: , other than a failure to make any required payment, in respect of such Reference Assets [Insert where Credit Events apply to Obligations: or such Obligations], provided that the determination of the occurrence of an Obligation Default shall be made without regard to any grace period or any conditions precedent to the commencement of any grace period applicable to such Reference Assets [Insert where Credit Events apply to Obligations: or any of such Obligations] [any event or circumstance which may with giving notice by the holders of such Reference Assets [Insert where Credit Events apply to Obligations: or any of the Obligations] (or the relevant quorum of holders of the Reference Assets [Insert where Credit Events apply to Obligations: or such Obligation]) or the lapse of time or both, result in such Reference Assets [Insert where Credit Events apply to Obligations: or such Obligation] becoming due and payable before they would have been due and payable, as the case may be, and as a result of, or on the basis of, the occurrence of a default, event of default or similar condition or event (howsoever described) in accordance with the terms of such Reference Assets [Insert where Credit Events apply to Obligations: or such Obligation] or otherwise.]