Assertion: debt instrument | /r/CapableOf | pay amount
Facets:
value: in respect of that instrument
type: OTHER
value: to the eventual recipient
type: TRANSITIVE-OBJECT
Source sentences:
text: the entity has no obligation to pay amounts to the eventual recipient unless it collects equivalent amounts on the original asset
text: In this regard, it has now been clarified (with effect from 1 January 2016 and applicable in respect of years of assessment commencing on or after that date) that a hybrid debt instrument will exist in a particular year of assessment where the obligation to pay an amount owing in respect of an instrument on a date or dates falling within that year of assessment has been deferred by reason of that obligation being conditional upon the market value of the assets of that company not being less than the amount of the liabilities of that company.
text: Provided that, where the company has the right to convert that instrument to, or exchange that instrument for, a financial instrument other than a share, that conversion or exchange will be deemed to be an arrangement in respect of that instrument; the company is in that year of assessment entitled to convert or exchange that amount (or any part thereof) in any year of assessment for shares in that company or in any other company that forms part of the same group of companies as that company; or the obligation to pay an amount in respect of that instrument is conditional upon the market value of the assets of the company not being less than the liabilities of the company.
text: In this regard, it has now been clarified (with effect from 1 January 2016 and applicable in respect of years of assessment commencing on or after that date) that a hybrid debt instrument will exist in a particular year of assessment where the obligation to pay an amount owing in respect of an instrument on a date or dates falling within that year of assessment has been deferred by reason of that obligation being conditional upon the market value of the assets of that company not being less than the amount of the liabilities of that company.