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 repayments.
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).
The
obligor'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.