Sentence examples for obligations on which from inspiring English sources

And the authority to make up money does come from all of us, but we're also not really supposed to understand how it all works, so as to ensure that we continue to treat debts we owe in this money that we just authorised bankers to magic into being as sacred obligations, on which no decent person could ever default.

It is committing $22.5 billion to set up a special purpose vehicle to manage some of AIG's residential mortgage-backed securities, and it is financing $30 billion of a second fund to hold $70 billion of multi-sector collaterized debt obligations on which AIG wrote credit default swaps.

The feast of the Immaculate Conception is celebrated on December 8 and is usually a holy day of obligation (on which Catholics are required to attend mass).

It is in this distinctive relationship between a law firm and a lawyer hired as an associate that plaintiff finds the implied-in-law obligation on which he founds his claim.

Although Qualcomm had to pay more than $20 million of an obligation on which Globalstar defaulted in June, in exchange for a promissory note, the company plans to retain its interest in the venture.

But more immediately, the governors are failing to meet their own obligations on debts, which total $20 billion.

Mr Straw told the BBC: "As I've made repeatedly clear, I applied myself assiduously to the legal obligations on me, which were above all to ensure that people's human rights were observed and that any action I took was within the law.

The GDPR creates and reinforces obligations on controllers which extend beyond the nine principles developed in the Privacy Shield.

Pursuant to section 265(a)(2), the debt is treated as indebtedness incurred or continued to purchase or carry obligations the interest on which is wholly exempt from Federal income tax, and, accordingly, interest on the debt is disallowed.

Thus, for example, interest expense treated under section 265(a)(2) as interest on indebtedness incurred or continued to purchase or carry obligations the interest on which is wholly exempt from Federal income tax is not deductible regardless of the expenditure to which the underlying debt is allocated under this section.

(ii), excluded obligations the interest on which was excludible from gross income under section 103, expanded provisions of former cl.