The issuer and the obligor
may not be in the same reporting entity; therefore, a primary government and a component unit, or two component units of the same primary government, may not be parties to a conduit debt transaction.
At approximately 19% of the total, the largest single obligor
is the Great Lakes Water Authority (GLWA; parity first and second lien bonds rated 'A' and 'A-', respectively).
"renounce solidarity" in favor of that obligor
. This variant
Whether an act of God or an act of man, to constitute a fortuitous event, it must be shown that: a) the cause of the unforeseen and unexpected occurrence or of the failure of the obligor
to comply with its obligations was independent of human will; b) it was impossible to foresee the event or, if it could have been foreseen, to avoid it; c) the occurrence rendered it impossible for the obligor
to fulfill its obligations in a normal manner; and d) said obligor
was free from any participation in the aggravation of the injury or loss.
the obligation of the guarantor is incidental to the obligation of the principal obligor
. Any discharge of the principal obligor
's obligations may, therefore, result in the guarantee no longer being valid; and
(2) The final source of concentration risk I will mention is obligor
exposure concentrations--a portfolio with large unhedged exposures to individual borrowers.
Incorporated in 2006, the obligor
is a world-class oil services company that has significant operations in surface oil-based services in the Middle East.
[p.sub.i]: marginal probability that ith obligor
For example, prior to July 1, if an obligor
earned $11,000 per month in gross income, he or she would pay the same approximate amount ($1,990) whether the obligee earned $1,500 or $4,000 per month.
Moody's CreditView US Public Finance includes a streamlined bond selection tool that displays both issuer and obligor
. Users can scan the issuers, obligors
and sales more quickly and easily, without having to switch between multiple views.
PepsiCo Global Investments (the obligor
) was a Dutch limited liability company indirectly wholly owned by PepsiCo Inc., and was classified as a corporation for U.S.
A copy of this form and a copy of the OMB Income Withholding for Support form, signed by the judge, should be sent to the obligor
's payor by certified mail, return receipt requested.