Applicable Credit Event definition

Applicable Credit Event means such of the Credit Events as are applicable to the Guarantor and its Obligations pursuant to the Credit Derivatives Physical Settlement Matrix published by ISDA, as the same may be amended and supplemented from time to time (the “Credit Derivatives Matrix”);
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Applicable Credit Event means, in respect of a Reference Entity, each of the following events which the Calculation Agent determines is applicable to such Reference Entity by reference to the
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Applicable Credit Event means, in respect of a Reference Entity, each of the following events which the Calculation Agent determines is applicable to such Reference Entity by reference to the applicable Transaction Type and the most recent version of the Credit Derivatives Physical Settlement Matrix published by ISDA as at the Trade Date in respect of the relevant Securities:
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Examples of Applicable Credit Event in a sentence

  • Conditions to Settlement: Credit Event Notice Notifying Party: Buyer or Seller Notice of Publicly Available Information: Applicable Notice of Physical Settlement: Applicable Credit Event: The following Credit Events shall apply with respect to any Reference Entity specified in the Reference Portfolio: Bankruptcy Failure to Pay Payment Requirement: USD 1,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay.

  • Conditions to Settlement: • Credit Event Notice Notifying Party: Buyer or Seller • Notice of Physical Settlement: Applicable • Notice of Publicly AvailableInformation: Applicable Credit Event: The following Credit Events shall apply to this Transaction: Bankruptcy Failure to PayGrace Period Extension: Not Applicable Payment Requirement: USD 1,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay.

  • Conditions to Settlement: • Credit Event Notice Notifying Party: Buyer or Seller • Notice of PhysicalSettlement: Applicable • Notice of PubliclyAvailable Information: Applicable Credit Event: The following Credit Events shall apply to this Transaction: Bankruptcy Failure to PayGrace PeriodExtension: Not Applicable Payment Requirement:USD 1,000,000 or itsequivalent in therelevant Obligation Currency as of the occurrence of the relevant Failure to Pay.

Related to Applicable Credit Event

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Credit Event shall have the meaning assigned to such term in Section 4.01.

  • Applicable Creditor has the meaning assigned to such term in Section 9.14(b).

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of "AAA" in the case of S&P or "Aaa" in the case of Xxxxx'x. For any short-term deposit or security, a rating of "A-l+" in the case of S&P or "P-1" in the case of Xxxxx'x.

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Credit Event UPB With respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Applicable Currency means, as to any particular payment or Loan, Dollars or the Offshore Currency in which it is denominated or is payable.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinated Certificates, the corresponding percentage described below, as of the Closing Date: Class M...................4.25% Class B-1.................2.30% Class B-2.................1.50% Class B-3.................1.00% Class B-4.................0.55% Class B-5.................0.20%

  • Aggregate Credit Exposure means, at any time, the aggregate Credit Exposure of all the Lenders at such time.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Applicable Commitment Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Applicable Commitment Fee Margin means, for each Pricing Period, the margin set forth below (expressed in basis points per annum) opposite the Applicable Pricing Level for that Pricing Period: II 10.0 V 17.5

  • Aggregate Credit Exposures means, at any time, in respect of (a) the Term Facility, the aggregate amount of the Term Loans outstanding at such time and (b) in respect of the Revolving Credit Facility, the sum of (i) the unused portion of the Revolving Credit Facility at such time and (ii) the Total Revolving Credit Outstandings at such time.

  • Applicable Commitment Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Commitment Fee.”

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Credit Extension Date means the Borrowing Date for an Advance or the issuance date for a Facility LC.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.