Examples of Credit Derivatives Determinations Committees in a sentence
In making any determination with respect to a credit event or a succession event, the Calculation Agent under the Swap may have regard to announcements, determinations and resolutions made by ISDA and/or the ISDA Credit Derivatives Determinations Committees.
Holders will have no control over the process for selecting institutions to participate on the ISDA Credit Derivatives Determinations Committees and, to the extent provided for in the Securities, will be subject to the determinations made by such selected institutions in accordance with such rules.
In certain circumstances, the Securities may be subject to the announcements, determinations and resolutions made by ISDA and/or the ISDA Credit Derivatives Determinations Committees.
In addition, the composition of the ISDA Credit Derivatives Determinations Committees will change from time to time in accordance with its rules, as the term of a member institution may expire or a member institution may be required to be replaced.
Furthermore, the member institutions of the ISDA Credit Derivatives Determinations Committees from time to time will not owe any duty to the Holders, and the Holders will be prevented from pursuing legal claims with respect to actions taken by such member institutions under such rules.
In addition, the ISDA Credit Derivatives Determinations Committees are not obligated to follow previous determinations and, therefore, could reach a conflicting determination for a similar set of facts.
Holders will not be able to refer questions to the ISDA Credit Derivatives Determinations Committees Holders, in their capacity as Holders of the Securities, will not have the ability to refer questions to an ISDA Credit Derivatives Determinations Committee since the Securities are not a credit default swap transaction and the Securities do not otherwise allow for such referral.
Holders should also be aware that member institutions of the ISDA Credit Derivatives Determinations Committees have no duty to research or verify the veracity of information on which a specific determination is based.
Holders will have no role in the composition of the ISDA Credit Derivatives Determinations Committees Separate criteria will apply to the selection of dealer and non-dealer institutions to serve on the ISDA Credit Derivatives Determinations Committees, and Holders will have no role in establishing such criteria.
The Calculation Agent under the Swap has no duty to the Holders to refer specific questions to the ISDA Credit Derivatives Determinations Committees.