The phrase "explicit obligation" is correct and can be used in written English.
It refers to a clear and specific responsibility or duty that must be fulfilled. Example: As a manager, it is your explicit obligation to ensure the safety and well-being of your employees.
"What we are proposing today is a range of proposals, including a non-executive director who has an explicit obligation to engage with the workforce, to report into the board, to chair a stakeholder panel and influence the renumeration committee".
In the case of critically under-capitalised banks, the law tells regulators to close them or sell them, and to require interest payments to unprotected creditors to be suspended.More generally, the Federal Deposit Insurance Corporation is under an explicit obligation to deal with failed banks in a way that minimises the cost to the deposit-insurance fund.
Federal Farm Credit Bank (FFCB) is a GSE, thus carrying an implicit guarantee on its debt, while Private Export Funding Corp. (PEFCO) bonds are backed by U.S. government securities (held as collateral), and the interest payments are considered an explicit obligation of the U.S. government.
The guidance notes say: "It will provide an explicit obligation on CSPs [communications service providers] to assist in giving effect to equipment interference warrants".
In practice, there would be no point proceeding on that basis, so the legislation to privatise would have to erode the explicit obligations or give the investor scope to ignore the spirit, if not the letter, of them.
Chairman Arafat, for his part, did not carry out an explicit Oslo obligation of crucial importance to Israel: ending terrorism.
That leaves an unpalatable choice between making the cost of the system an explicit government obligation, or making it harder for Americans to buy homes.
But critics of elginism argue that, even absent any explicit legal obligation to do so, the return of such relics remains a moral duty.
If, given the political realities of the electricity market, prices lack the ability to move up and down as necessary to induce investment when capacity tightens, then an explicit capacity obligation is needed to signal capacity shortages (and surpluses) and induce investment when appropriate.
After selling a player a consumable virtual good, Zynga maintained, "there are no further implicit or explicit performance obligations".
"Not only does Martin Marietta's misuse of information constitute a violation of explicit contractual obligations and the federal securities laws," Vulcan said in its complaint, "but it also offends all notions of business ethics and fair dealing".
