Credit Default definition

Credit Default means an “Event of Default” under and as defined in the Current Credit Agreement (as in effect on the First Amendment Date).
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Credit Default has the meaning given such term in Clause 24(c).
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Credit Default means any Default which is (or may be) the subject of measures provided for in the Credit Policy, and Credit Defaults shall be construed accordingly;
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Examples of Credit Default in a sentence

  • Liquidity in the corporate debt market has been improving due to the entry of more players and due to various measures taken by the regulators to increase the liquidity and transparency such as introduction of repo in corporate bonds, Credit Default Swaps, compulsory reporting of secondary market OTC transactions on exchange platforms to name a few.

  • The Scheme may invest in Credit Default Swaps (CDS) in accordance with SEBI Circular No. CIR/IMD/DF/23/2012 dated November 15, 2012.

  • The Sub-Fund may be exposed to high yield credit via the use of CDS (Credit Default Swaps).

  • A Credit Default Swap is a bilateral financial contract in which one counterparty (the protection buyer) pays a periodic fee in return for a contingent payment by the protection seller following a credit event of a reference issuer.

  • A Credit Default Swap (CDS) is an over-the-counter (OTC) credit derivative that enables investors to gain/hedge exposure to/from the credit risk of an issuer.


More Definitions of Credit Default

Credit Default means Level 1 Credit Default or Level 2 Credit Default;
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Credit Default means “Event of Default” under and as defined in the Current Credit Agreement (as in effect on the First Amendment Effective Date).
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Credit Default has the meaning set forth in the Disbursement Agreement.
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Credit Default shall occur (i) if Customer fails to make full and timely payment for all amounts due (subject to Section 5 herein governing billing disputes). In the event of a Credit Default, Atron Solutions may, in addition to its rights available to it at law or in equity: (i) suspend any or all Services to Customer upon written notice;
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Credit Default with respect to any particular Contract or the Customer -------------- thereunder means any payment default by such Customer which continues for a period of 90 days, default by the Customer under the terms of the Contract (but not including any default arising solely from the Customer's failure to make Payments), the filing of a voluntary or involuntary bankruptcy petition naming such Customer as debtor thereunder, the commencement of any other insolvency 25 of 30 proceedings by or against such Customer, the failure by such Customer to continue its business or legal existence, the meeting by such Customer with a committee of its creditors, the making of any assignment or the appointment of any receiver for any such Creditor or its property, or any other similar event evidencing an insolvency of or imposing upon or seeking any insolvency relief for such Customer.
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Credit Default means any condition or event which with the giving of notice or lapse of time or both would, unless cured or waived, become a Credit Event of Default.
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Credit Default shall occur (i) if Customer fails to make full and timely payment for all amounts due (subject to Section 5 herein governing billing disputes) and/or (ii) if Customer fails to comply with a request for assurance (subject to Section 6 herein governing compliance with credit limits) as required under this TSA and such failure remains uncorrected for five (5) calendar days from such date or the Due Date if applicable. In the event of a Credit Default, WilTel may, in addition to its rights available to it at law or in equity: (i) suspend any or all Services to Customer upon written notice; (ii) cease accepting or processing Service Orders; and/or (iii) terminate this TSA upon written notice. If this TSA is terminated because of a Credit Default, all Early Termination Charges (defined in Section 19 below) shall apply. Vyvx and WilTel are registered trademarks of WilTel Communications Group, Inc. The WilTel logo is a service mark of WilTel Commxxxxations Group, Inc.
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