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 defaults.
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.
