Additionally, some issuers enter into lease-like "associated arrangements" in which they hold legal title to assets that are purchased or constructed with the conduit debt proceeds and receive payments from the obligor
for its use of that underlying asset.
Both senior and subordinate bonds are secured by pledged obligor
, which is presumptively gratuitous, to be gratuitous
A: If the negligence or fault of the obligor
coincided with the occurrence of the fortuitous event, and caused the loss or damage or the aggravation thereof, the fortuitous event cannot shield the obligor
from liability for his negligence.
Under article 824 of the Civil Code the creditor must first exhaust its remedies against the primary obligor
before taking enforcement measures against the guarantor.
Most credit portfolios contain obligor
concentration risk and yet international bank regulatory capital rules and many industry models assume perfect diversification.
The Introductory Price for the MuniFocus service for an obligor
is $29.99 for an entire 52-week period and includes available current year budget, CAFR and first audits as well as weekly updates of Budget or Finance committee meeting agendas, minutes and support documents.
According to the bond credit rating scale, a Caa3 rating means that "the obligor
is currently vulnerable, and is dependent upon favourable business, financial, and economic conditions to meet its financial commitments," while a B3 rating means that "the obligor
is less vulnerable in the near term than other lower-rated obligors
The facility is a pioneering landmark transaction that enabled the obligor
to successfully securitise its future receivables guaranteed by multinational oil and gas companies (MNOCs).
's capacity to meet its financial commitment on the obligation is very strong.
Eventually, we put parameters of [mu], [sigma], and L into (4) to obtain default probability of every single obligor
at time T.
Under the previous formula and guidelines, an obligor
paid child support based on a percentage of his or her net income.