Examples of Additional Termination Event in a sentence
If any “Additional Termination Event” is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).
It is assumed that where an Additional Termination Event arises, all Transactions will be Affected Transactions and the non-Affected Party will be entitled to terminate them.
A Change of Ownership clause and full prepayment of a loan linked to a swap are other common examples of an Additional Termination Event.
GLOSSARY OF MOST TERMS IN SECTION 14 Additional Termination Event An extra Termination Event chosen by the parties, e.g. a change of control event or a credit ratings downgrade event.