Credit Event Date definition

Credit Event Date means the day on which the Calculation Agent gives notice to the Company that a Credit Event has occurred.

Credit Event Date means the date as notified by the Issuer in the Credit Event Notice which shall be the date on which a Credit Event has occurred as Resolved by the Credit Derivatives Determinations Committee and published on the website http://dc.isda.org or any successor website or as determined by the Calculation Agent in its reasonable discretion (§ 315 BGB).

Credit Event Date means the date of a Credit Event.

Examples of Credit Event Date in a sentence

• Besides, there can be temporary illiquidity of the securities that are lent out and the scheme will not be able to sell such 4) Illustration of Segregated Portfolio Portfolio Date : 1/7/2019 NAV : 12.0000 Credit Event Date : 2/7/2019 lent out securities until they are returned.

• This, along 4) Illustration of Segregated Portfolio Portfolio Date : 1/7/2020 NAV : 12.0000 Credit Event Date : 2/7/2020 with a simultaneous fall in value of collateral would render potential loss to the Scheme.

• Where a Credit Event Notice has been deemed withdrawn under this Condition, on the next Interest Payment Date (or the Maturity Date as the case may be) any amount of interest that is due (on the basis that the related Credit Event Date and Credit Event Notice Date had never occurred) but which remains unpaid shall be paid (subject to the provision of any other Credit Event Notice).

• Pursuant to the terms hereof, both (i) a Credit Event Notice, (ii) a Credit Event Date and/or (iii) a Credit Event Notice Date, can be given and subsequently deemed to be withdrawn, or, can occur and subsequently be deemed not to have occurred (each as the case may be) any number of times without affecting the Calculation Agent’s ability to give a valid Credit Event Notice hereunder or settlement occurring in accordance with the terms hereof.

• The event the subject of the Credit Event need not be continuing on the Credit Event Date nor on the date the Noteholders are notified by the Principal Paying Agent on behalf of the Company of the determination by the Calculation Agent of the existence or occurrence of a Credit Event.

More Definitions of Credit Event Date

Credit Event Date means the date as notified by the Calculation Agent in the Credit Event Notice which shall be the date on which a Credit Event has occurred as Resolved by the Credit Derivatives Determinations Committee or as determined by the Calculation Agent in its reasonable discretion (§ 317 BGB).

Credit Event Date means the day on which the Calculation Agent gives notice to the Company that a Credit Event has occurred.The following provisions shall apply to Reference Entities in respect of which a Restructuring Credit Event has occurred and in respect of which “Multiple Credit Event Notices” is specified as being applicable in the relevant Standard:A Reference Entity which has been subject to a Restructuring Credit Event and in respect of which “Multiple Credit Event Notices” is specified as being applicable in the relevant Standard shall be treated as a separateDefaulted Credit in respect of each Valuation Date Designation Notice with a Credit Position equal to the relevant Designated Amount and all provisions related to the calculation of principal and interest payable under the Notes shall be construed accordingly. Notwithstanding the provisions of Condition 11 where the Notes provide that following the occurrence of a Credit Event (and satisfaction of any conditions related thereto) the Redemption Amount shall become due, the Redemption Amount shall not become due as a result of a Restructuring Credit Event unless a Valuation Date Designation Notice has been given and only in respect of the Designated Amount. Notwithstanding the provisions of Condition 6 no adjustment to the amount of interest payable in respect of the Notes shall be made as a result of a Restructuring Credit Event unless a Valuation Date Designation Notice has been given and only in respect of the Designated Amount. For the avoidance of doubt a Restructuring Credit Event must occur on or prior to the Credit Observation End Date or as the case may be the Cut-off Date but a Valuation Date Designation Notice may be given after the Credit Observation End Date or as the case may be the Cut-off Date.Where the Notes provide that following the occurrence of a Credit Event (and satisfaction of any conditions related thereto) there shall be a Liquidation of the Outstanding Charged Assets, following each Valuation Date Designation Notice there shall be a Liquidation of a proportionate amount of the Outstanding Charged Assets equal to the proportion which the relevant Designated Amount bears to the Credit Position of the relevant Defaulted Credit and for this purpose, notwithstanding Condition 4(d), the “ Liquidation Period” shall be the period from and including the later of (i) the day on which the Valuation Date Designation Notice is given to but excluding the date falling 7 Payment Business Days after ...

Credit Event Date means each of the Signing Date, the Initial Funding Date, each Subsequent Funding Date and each other date on which any Borrowing is made or any Letter of Credit is issued, amended, renewed or extended.

Credit Event Date means the date on which (i) the Consolidated EBITDA of Holdings and its Subsidiaries is at least $25 million, and (ii) the ratio of the Consolidated Indebtedness of Holdings and its Subsidiaries to Consolidated EBITDA of Holdings and its Subsidiaries is less than 3.5:1.

Credit Event Date means the date of making any Credit Extension.

Credit Event Date means the date of the making of a Revolving Loan by the Lenders or of the issuance of a Letter of Credit by the LC Bank.

Credit Event Date shall have the meaning provided in the definition of the term Pro Forma Financial Covenant Compliance.