Relevant Obligations definition

Relevant Obligations means the Obligations constituting Bonds and Loans of the Reference Entity outstanding immediately prior to the effective date of the Succession Event, excluding any debt obligations outstanding between the Reference Entity and any of its Affiliates, as determined by the Calculation Agent. The Calculation Agent will determine the entity which succeeds to such Relevant Obligations on the basis of the Best Available Information. If the date on which the Best Available Information becomes available or is filed precedes the legally effective date of the relevant Succession Event, any assumptions as to the allocation of obligations between or among entities contained in the Best Available Information will be deemed to have been fulfilled as of the legally effective date of the Succession Event, whether or not this is in fact the case.
Relevant Obligations means the Obligations of the Reference Entity which fall within the Obligation Category "Bond or Loan" and which are outstanding immediately prior to the Succession Date (or, if there is a Steps Plan, immediately prior to the legally effective date of the first succession), provided that:
Relevant Obligations shall have the meaning provided in Section 13.07(c)(ii).

Examples of Relevant Obligations in a sentence

  • The rights and claims of the Trustee and the Certificateholders against the Bank in respect of the Relevant Obligations are subordinated as described in Condition 4.2 (Subordination).

  • All gains and losses are included in operations in the period in which they arise.

  • The right of an Affected Party to relief under Clause 17.2 shall cease on the earlier of: the date on which its performance of the Relevant Obligations is no longer prevented or materially impeded by the Relevant Force Majeure Event; and the date on which such performance would no longer have been prevented or materially impeded if the Affected Party had complied with its obligations under Clause 17.6.

  • In addition, if a DIB Event occurs and DIB has failed to satisfy any of the Solvency Conditions or if a bankruptcy order in respect of DIB has been issued by a court in the UAE, all claims of the Trustee in respect of the Relevant Obligations will be extinguished and the Certificates will be cancelled without any further payment to be made by DIB in respect of the Relevant Obligations.

  • With a hierarchy of models working on dif- ferent scales we want to close the gap between cur- rent existing Arctic climate models which are still not able to reproduce the rapid Arctic climate changes.During the kick-off meeting we enforced our bylaws, and elected the representatives and bodies of the TR 172, as well as the members of our external Scientific Advi- sory Board (SAB).


More Definitions of Relevant Obligations

Relevant Obligations means the Obligations constituting Bonds and Loans of the Reference Entity outstanding immediately prior to the effective date of the Succession Event, excluding any debt obligations outstanding between the Reference Entity and any of its affiliates, as determined by the Calculation Agent in its sole discretion;
Relevant Obligations means any existing, future or contingent obligations of a collateral provider or another person;
Relevant Obligations. , in relation to a company, means the company’s obligations under—
Relevant Obligations means, as of any date of determination, the aggregate principal amount (or in the case of obligations or other credit support not in respect of Indebtedness, the aggregate maximum amount of such obligations or other credit support (or if less, the maximum amount of the underlying obligations held by the beneficiary such obligations or other credit support supported thereby) as of such date in respect of, without duplication,
Relevant Obligations means the Issuer Obligations and the Guarantor Obligations (as the case may be);
Relevant Obligations means the obligations of the Performing Subsidiary to the Compensation Funds under clauses 6 and 9, and the obligations of JHINV under the JHINV Guarantee.
Relevant Obligations means confidentiality obligations of Disclosing Party or any of its Affiliates under any agreement with a third party (including, without limitation, the Sale Agreement and the Marketing Agreement) to which any Confidential Information is subject.