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.
The remaining obligors
accounting for more than 5.0% of the pool's total are Oakland County (9.0%), Dearborn (6.3%), Wayne County (5.3%, general obligation debt rated 'BBB-'), and Ann Arbor (5.3%).
Cal are Art's joint obligors
, not solidary obligors
If there are N obligors
in a credit portfolio then, conditional on the realized value of the common market factor, [[??].sub.M] = [e.sub.M], the number of portfolio defaults, n, has a binomial distribution,
m: number of obligors
in the portfolio that have the probability to default,
The previous guidelines failed to incorporate in a substantive way the obligee's income in determining the amount to be paid by the obligor
is the person who is obligated to pay the support ordered by the court and the obligee is the person entitled to receive the support awarded by the court.
305 ILCS 5/10-16.4, 750 ILCS 5/706.3, and 750 ILCS 45/20.5 all contain corresponding provisions providing for the publishing of names of delinquent support obligors
. 750 ILCS 5/706.3 states as follows:
Of note, one of the goals of the SNC enhancements is to gather private obligor
default ratings by banks and to aggregate same to build a composite rating system for regulators to use to assess counterparty risk.
As a lender, if you are financing equipment to obligors
in an INDUSTRY that is easily impacted by common economic factors, it will be difficult to accurately predict losses.
In a typical company's portfolio of receivables, it is not uncommon to have four or five obligors
representing a large proportion of the total risk.
In 1996, the Second District Court of Appeal reversed the trier of fact who had imputed income to an incarcerated obligor
. In Waugh v.