Underlying Obligation means, with respect to a guarantee, the obligation which is the subject of the guarantee.
Underlying Obligation means any Obligation of the Underlying Obligor from Borrowed Money for which the Reference Entity is acting as provider of a Qualifying Guarantee.
Underlying Obligation has the meaning given in paragraph 6.3 of Part B of Schedule 2.2 (Performance Measures and Monitoring);
Examples of Underlying Obligation in a sentence
The Pledgor will not amend, modify, terminate or waive any provision of any Affiliate Transfer Document or any agreement giving rise to an Underlying Obligation in any manner.
More Definitions of Underlying Obligation
Underlying Obligation has the meaning set forth in Section 5.7(b).
Underlying Obligation means the obligations of any Underlying Obligor with respect to an Underlying Transaction.
Underlying Obligation means, with respect to a Qualifying Guarantee, the obligation that the applicable Reference Entity is guaranteeing.
Underlying Obligation. Nothing herein shall modify any term of the Guaranty unless specifically provided herein. Governing Law: New York. Please evidence your acceptance of the terms of this letter by executing below, and return a duplicate original of this letter, together with copies of all underlying documents which create an obligation of Genuity that is guaranteed by the Guaranty, to GTE at the address set forth below. GTE Corporation By: ____________________________ Title:____________________________ Notices to be delivered to: ___________________________ ___________________________ ___________________________ Accepted this ____ day of _________, 2000 Genuity Inc. By: _____________________________ Title:____________________________ Notices to be delivered to: ___________________________ ___________________________
Underlying Obligation has the meaning ascribed thereto in section 8.2(h);
Underlying Obligation has the meaning specified in the definition of Qualifying Affiliate Guarantee.
Underlying Obligation means an asset or obligationof a risk transferring participant as specified in an agreement of risk participation.