Conditional obligation

CONDITIONAL OBLIGATION. One which is superseded by a condition under which it was created and which is not yet accomplished. Poth. Obl. n. 176, 198.

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The programme would provide opportunities to vulnerable people which also place conditional obligation on them to secure food by their own.
The company's second argument was that the obligation to pay the redemption amount existed and was enforceable but was conditioned upon a redemption election by the investors so the company had a conditional obligation that should be treated as a debt.
She ruled that language in the will of Josephine Newcomb contained "no enforceable conditional obligation to support" claims of the plaintiffs, The Future of Newcomb College (TFNC).
A financial instrument that embodies an unconditional obligation, or a financial instrument other than an outstanding share that embodies a conditional obligation, that the issuer must or may settle by issuing a variable number of its equity shares, if, at inception, the monetary value of the obligation is based solely or predominantly on any of the following:
43% stake in Enel OGK-5 to investment funds for $625mplus conditional obligations, which we view as quite favorable.

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