Substituted Obligor definition

Substituted Obligor means a single purpose company incorporated in any jurisdiction;
Substituted Obligor means a single purpose company incorporated in any jurisdiction that meets the SPV Criteria;
Substituted Obligor has the meaning specified in Clause 15.2.1;

Examples of Substituted Obligor in a sentence

  • On completion of the formalities set out in this Condition 14.3 and the Security Documents, the Substituted Obligor shall be deemed to be named in these Conditions, the Security Documents, the other Programme Documents and the ETP Securities as the principal debtor in place of the Issuer (or of any previous substitute) and these Conditions, the Security Documents, the other Programme Documents and the ETP Securities shall be deemed to be amended as necessary to give effect to the substitution.

  • The Substituted Obligor shall give notice of the substitution to the ETP Securityholders within 14 calendar days of the execution of such documents and compliance with such requirements.

  • The Trustee shall be entitled to refuse to approve any Substituted Obligor if, pursuant to the law of the jurisdiction of incorporation of the Substituted Obligor, the assumption by the Substituted Obligor of its obligations hereunder imposes responsibilities on the Trustee over and above those which have been assumed under this Trust Deed.

  • The Trustee may also rely and act upon certificates and/or information addressed to it from, or delivered by, the Issuer, any Substituted Obligor or any one or more Directors or any Substituted Obligor or any of their respective auditors, liquidators, administrators or other insolvency officials.

  • Upon any substitution of obligor in accordance with Section 5.03, the Substituted Obligor shall succeed to, and be substituted for, and may exercise every right and power of the Company under this Indenture and the Securities with the same effect as if such Substituted Obligor had been named as the Company herein.


More Definitions of Substituted Obligor

Substituted Obligor has the meaning given to it in the Conditions.
Substituted Obligor has the meaning given in Condition 14(a);
Substituted Obligor means a single purpose company that meets the SPV Criteria;
Substituted Obligor has the meaning given to it in the Conditions;
Substituted Obligor has the meaning ascribed to it in Section 6.5.
Substituted Obligor has the meaning given in Condition 15;
Substituted Obligor has the meaning given to it in the Trust Deed;