Unfunded Obligation definition

Unfunded Obligation. This Note constitutes an unfunded obligation of Borrower for income tax purposes. Lender’s rights under the Note shall be no greater than those of a general unsecured creditor of Borrower. The Note is not transferable or assignable pursuant to operation of law or otherwise.
Sample 1Sample 2Sample 3
Unfunded Obligation shall have the meaning set forth in Section 7.7.1 hereof.
Sample 1Sample 2
Unfunded Obligation means those payment amounts associated with a Covered Obligation but for which no coverage is provided under the Liquidation Plan. The specific Unfunded Obligations which are subject to this Agreement are included in Exhibit 7.1.1 and are specifically two situations: (1) those circumstances where a California resident would receive eighty percent (80%) of the benefit payment leaving twenty percent (20%) as the Unfunded Obligation with the shortfall resulting from the enabling act of the California Life and Health Insurance Guarantee Association; and (2) those circumstances where certain term policies were issued by LML more than ninety (90) days after issuance of the original policy.
Sample 1

Examples of Unfunded Obligation in a sentence

  • Fearing democracy in India and communalism in Pakistan, he hoped, to stay out of both and to continue to wield power as an independent ruler.

  • After giving effect to such Advance, the Company shall cause the proceeds of such Advance and cash from other sources that are available in accordance with the terms of this Agreement in an amount equal to the aggregate Unfunded Exposure Shortfall to be deposited in the Unfunded Exposure Account and/or any applicable Non-USD Unfunded Obligation Account.

  • Table IV.A4.—Reasons for Change in Trust Fund (Unfunded Obligation) Ratios at the Beginning of the Tenth Year of Projection Under Intermediate Assumptions [In percent] Item OASITrust Fund DITrust FundOASI and DI Trust Funds, combined Trust fund ratio shown in last year’s report for calendar year 2029 .

  • Reconciliation of Present Value of Defined Benefit Obligation and the FairValue of AssetsPresent Value of Funded Obligation as at March 31, 2016 187.22147.84Fair Value of Plan Assets as at March 31, 2016 187.22147.84Funded Status (83.58)(147.48)Present Value of Unfunded Obligation as at March 31, 2016 83.58147.48Unfunded Net Liability Recognised in the Balance Sheetdisclosed under Current Liabilities and Provisions (Refer note 5 & 9) 83.58 147.48e.

  • Reconciliation of Present Value of Defined Benefit Obligation and the Fair Value of AssetsPresent Value of Funded Obligation as at March 31, 2016 84.73145.91Fair Value of Plan Assets as at March 31, 2016 84.73145.91Funded Status (579.50)(662.48)Present Value of Unfunded Obligation as at March 31, 2016 579.50662.48Unfunded Net Liability Recognised in the Balance Sheet disclosedunder Current Liabilities and Provisions (Refer note 5 & 9) 579.50 662.48e.

  • Table IV.A4.—Reasons for Change in Trust Fund (Unfunded Obligation) Ratios at the Beginning of the Tenth Year of Projection Under Intermediate Assumptions [In percent] OASI DIOASI and DI Trust Funds,Item Trust FundTrust FundcombinedTrust fund ratio shown in last year’s report for calendar year 2028 .

  • All rights with respect to the Award shall be exercisable during the Participant’s lifetime only by the Participant or the Participant’s guardian or legal representative.13.3 Unfunded Obligation.

  • Table IV.A4.—Reasons for Change in Trust Fund (Unfunded Obligation) Ratios at the Beginning of the Tenth Year of Projection Under Intermediate Assumptions [In percent] Item OASITrust Fund DITrust FundOASI and DI Trust Funds, combinedTrust fund ratio shown in last year’s report for calendar year 2022a.

  • Fair Value of Assets Year EndedYear Ended March 31, 2016 March 31, 2015 (Rs.)(Rs.)Present Value of Funded Obligation as at end of the period--Fair Value of Plan Assets as at end of the period--Funded Asset recognized in the Balance Sheet--Included in provision (Schedule )--Present Value of Unfunded Obligation as at end of the period--Unrecognized Actuarial gains / (losses)--Unfunded Liability recognized in the Balance Sheet--Included in provision (Schedule )23,35,94121,73,195C.

  • Fair Value of Assets Year Ended March 31, 2015(Rs.)Year Ended March 31, 2014(Rs.)Present Value of Funded Obligation as at end of the period--Fair Value of Plan Assets as at end of the period--Funded Asset recognized in the Balance Sheet--Included in provision (Schedule )--Present Value of Unfunded Obligation as at end of the period--Unrecognized Actuarial gains / (losses)--Unfunded Liability recognized in the Balance Sheet--Included in provision (Schedule )21,73,19519,06,085C.


More Definitions of Unfunded Obligation

Unfunded Obligation means, as to any Person as of a given date, any purchase obligation, repurchase obligation, forward commitment, unfunded obligation or guarantee of such Person and its Consolidated Subsidiaries, including without limitation any obligation of such Person and its Consolidated Subsidiaries under an agreement to acquire a quantity of a Security.
Sample 1
Unfunded Obligation means each item described in Schedule D.
Sample 1

Related to Unfunded Obligation

  • Refunded Obligations means, collectively, the Refunded Notes, if any, and the Refunded Bonds, if any, refunded by each Series.

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Unfunded Pension Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Amount means, with respect to any Collateral Loan, as of any date of determination, the unfunded commitment of the Borrower with respect to such Collateral Loan as of such date.

  • Unfunded Liabilities means the amount (if any) by which the present value of all vested nonforfeitable benefits under all Single Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans.

  • Unfunded Pension Liability means the excess of a Pension Plan's benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan's assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Liability means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Pension Plans exceeds the fair market value of all assets allocable to those benefits, all determined as of the then most recent valuation date for each Pension Plan, using PBGC actuarial assumptions for single employer plan terminations.

  • L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • Unfunded Vested Liabilities means, for any Plan at any time, the amount (if any) by which the present value of all vested nonforfeitable accrued benefits under such Plan exceeds the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

  • Unfunded Exposure Shortfall has the meaning set forth in Section 8.1(a).

  • Net Obligation means the amount owed to PJMSettlement and PJM for purchases from the PJM Markets, Transmission Service, (under Tariff, Parts II and III , and other services pursuant to the Agreements, after applying a deduction for amounts owed to a Participant by PJMSettlement as it pertains to monthly market activity and services. Should other markets be formed such that Participants may incur future Obligations in those markets, then the aggregate amount of those Obligations will also be added to the Net Obligation.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrower on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrower or made available to the Administrative Agent by any such Lender, (b) with respect to the Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Facility Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Facility Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

  • Unfunded Exposure Amount means, as of any date of determination, with respect to a Delayed Draw Loan Asset or a Revolving Loan, as applicable, an amount equal to the aggregate amount of all unfunded commitments associated with such Loan Asset as of such date.

  • Unfunded Commitment means, with respect to each Lender, the Revolving Commitment of such Lender less its Revolving Exposure.

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • Unfunded Current Liability of any Plan shall mean the amount, if any, by which the present value of the accrued benefits under the Plan as of the close of its most recent plan year exceeds the fair market value of the assets allocable thereto, determined in accordance with Section 412 of the Code.

  • Credit Obligations means all present and future liabilities, obligations and Indebtedness of the Company, any of its Subsidiaries or any other Obligor owing to the Agent or any Buyer (or any Affiliate of a Buyer) under or in connection with this Agreement or any other Transaction Document.

  • Loan obligation means a bond, note, or other evidence of an obligation issued by a qualified borrower.

  • Credit Improved Obligation means any Collateral Debt Obligation which, in the Investment Manager’s judgment, has significantly improved in credit quality and in respect of which one of the following is satisfied:

  • Sukuk Obligation means any undertaking or other obligation to pay any money given in connection with the issue of trust certificates or other instruments intended to be issued in compliance with the principles of Shari'ah, whether or not in return for consideration of any kind.

  • L/C Reimbursement Obligation means, for any Letter of Credit, the obligation of the Borrower to the L/C Issuer thereof, as and when matured, to pay all amounts drawn under such Letter of Credit.

  • Domestic Obligations means all Obligations other than Canadian Liabilities.

  • U.S. Obligations means non-redeemable securities evidencing an obligation to timely pay principal and/or interest in a full and timely manner that are direct obligations of the United States of America for the payment of which its full faith and credit is pledged.

  • DIP Obligations means “DIP Obligations” as defined in the DIP Order.

  • Unfunded Commitments means legally binding investment commitments that are tracked and recorded by the institution's financial reporting system.

  • Current Pay Obligation Any Collateral Obligation that would otherwise be treated as a Defaulted Obligation but as to which no payments are due and payable that are unpaid and with respect to which the Collateral Manager has certified to the Trustee (with a copy to the Collateral Administrator) in writing that it believes, in its reasonable business judgment, that the Obligor of such Collateral Obligation (a) is current on all interest payments, principal payments and other amounts due and payable thereunder and will continue to make scheduled payments of interest thereon and will pay the principal thereof and all other amounts due and payable thereunder by maturity or as otherwise contractually due, (b) if the Obligor is subject to a bankruptcy proceeding, it has been the subject of an order of a bankruptcy court that permits it to make the scheduled payments on such Collateral Obligation and all interest payments, principal payments and other amounts due and payable thereunder have been paid in Cash when due and (c) the Collateral Obligation has a Market Value of at least 80% of its par value.