Reference Obligation definition

Reference Obligation means an obligation used for the purposes of determining the cash settlement value of a credit derivative;

Reference Obligation means the Standard Reference Obligation, if any, unless:

Reference Obligation means each obligation specified as such in the Final Terms or any Substitute Reference Obligation (as defined in the Credit Linked Derivatives Annex).

Examples of Reference Obligation in a sentence

• With respect to any Reference Obligation, a forbearance or mortgage rate modification relating to such Reference Obligation.

• In relation to each Reference Obligation in the Reference Portfolio, each period from and including any date upon which a payment of interest is made on such Reference Obligation to but excluding the next such date; provided that (a) the initial Fixed Amount Payer Calculation Period shall commence on and include the Obligation Settlement Date for such Reference Obligation and (b) the final Fixed Amount Payer Calculation Period shall end on, but exclude, the related Obligation Termination Date.

• In relation to any Reference Obligation that is a Term Obligation (and the related Transaction) as of any date of determination, the Notional Amount of such Reference Obligation.

• Following any Repayment Date, Citibank shall promptly prepare and deliver to Counterparty a revised Annex I showing the revised Reference Amount for the related Reference Obligation.

• The Issuer generally will have no right directly to enforce compliance by the Reference Entity with the terms of the Reference Obligation nor any rights of set-off against the Reference Entity, nor have any voting rights with respect to the Reference Obligation.

More Definitions of Reference Obligation

Reference Obligation means each obligation specified or of a type described as such in the applicable Final Terms (if any are so specified or described) and any Substitute Reference Obligation.

Reference Obligation means each obligation specified as such or of a type described in the applicable Final Terms and any Substitute Reference Obligation.

Reference Obligation means the Reference Obligation of the relevant Reference Entity, as specified in § 17 of the Product Data, or, if the Issuer made a notification pursuant to § 12 regarding an equally ranked obligation (the "Replacement Reference Obligation") the Replacement Reference Obligation.

Reference Obligation means the portion specified by the applicable Reference Obligation Percentage of each certain multifamily mortgage loan, deed of trust or similar security instrument encumbering the related mortgaged property that meets the Eligibility Criteria, as described under “Scaled Cut-Off Balance” in Appendix A to the Preliminary PPM and Final PPM, and collectively, the “Reference Obligations”.

Reference Obligation means (a) the Reference Obligation specified in the Issue Terms and (b) any Substitute Reference Obligation.

Reference Obligation means, in respect of each Reference Entity:

Reference Obligation means a debt obligation to which a Synthetic Security is linked that satisfies the Eligibility Criteria.