Substituted Obligor definition

Substituted Obligor means a single purpose company incorporated in any jurisdiction;

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Substituted Obligor means a single purpose company incorporated in any jurisdiction that meets the SPV Criteria;

Substituted Obligor has the meaning given in Condition 14(a);

Examples of Substituted Obligor in a sentence

The Trustee may also rely and act upon certificates and/or information addressed to it from, or delivered by, the Issuer, the Guarantor, any Substituted Obligor or any one or more directors of the Issuer, the Guarantor or any Substituted Obligor or any of their respective auditors, liquidators, administrators or other insolvency officials.
On completion of the formalities set out in this Clause 16.2, the Substituted Obligor will be deemed to be named in this Trust Deed and the Notes as the principal debtor in place of the Issuer (or of any previous substitute) or as the Guarantor (or of any previous substitute) as the case may be and this Trust Deed and the Notes will be deemed to be amended as necessary to give effect to the substitution.
The Trustee may also rely and act upon certificates and/or information addressed to it from, or delivered by, the Issuer, the Guarantor, the Substituted Obligor or any one or more directors of the Issuer, the Guarantor or the Substituted Obligor or any of their respective auditors, liquidators, administrators or other insolvency officials.

More Definitions of Substituted Obligor

Substituted Obligor has the meaning specified in Clause 15.3.1;

Substituted Obligor has the meaning given to it in the Conditions.

Substituted Obligor means a single purpose company that meets the SPV Criteria;

Substituted Obligor means any company which is 100 per cent. directly or indirectly owned by Nomura Holdings, Inc.

Substituted Obligor has the meaning given in Condition 15; “ Talons ” has the meaning given in the preamble to these Condition s; “ Target System ” means the Trans - European Automated Real - Time Gross Settlement Express Transfer (known as TARGET2) System which was launched on 19 November 2007 or any successor thereto; “ Taxes ” has the meaning given in Condition 13; a “ Tax Deductibility Event ” shall be deemed to have occurred if as a result of a Tax Law Change: (a) in respect of the Issuer’s obligation to make any Interest Payment on the next following Interest Payment Date, the Issuer or (provided there has been no default by the Issuer in respect of such Interest Payment and the Guarantor is treated for tax purposes as payer of that Interest Payment) the Guarantor would not be entitled to claim a deduction in respect of the expense recognised by the Issuer for accounting purposes as attribu table to such Interest Payment in computing its taxation liabilities in the United Kingdom, or such entitlement is materially reduced or materially delayed (a “ disallowance ”); or KLOCAL - 0000039 ICM:33027863.

Substituted Obligor has the meaning given in Condition 15; “Taxes” has the meaning given in Condition 13; a “Tax Deductibility Event” shall be deemed to have occurred if as a result of a Tax Law Change:

Substituted Obligor has the meaning assigned to such term in Section 4.15. “Substitution” has the meaning assigned to such term in Section 4.15.