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.
Credit Event Notice means an irrevocable notice from the Buyer (which may be in writing (including by facsimile and/or email) and/or telephone) to the Seller that describes a Credit Event that occurred on or after the Credit Event Backstop Date (determined by reference to Greenwich Mean Time) and, on or prior to the Extension Date (determined by reference to Greenwich Mean Time).
Credit Event Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Credit Event that occurred on or after the Credit Event Backstop Date and on or prior to the Extension Date. Any Credit Event Notice that describes a Credit Event that occurred after the Scheduled Maturity Date must relate to the relevant Potential Failure to Pay, in the case of a Grace Period Extension Date, or the relevant Potential Repudiation/Moratorium, in the case of a Repudiation/Moratorium Evaluation Date. A Credit Event Notice must contain a description in reasonable detail of the facts relevant to the determination that a Credit Event has occurred. The Credit Event that is the subject of the Credit Event Notice need not be continuing on the date the Credit Event Notice is effective. A Credit Event Notice shall be subject to the requirements regarding notices set out in Credit Linked Condition 17.
Examples of Credit Event Notice in a sentence
Following the delivery of a Credit Event Notice or a CDS Event Notice with respect to any Reference Entity, the return payable to an investor in the Credit Linked Notes will be reduced and may be reduced substantially but there is no need for the Issuer to suffer any loss or provide evidence of financial loss in such instances.
The delivery of or failure to deliver copies of a Credit Event Notice and Notice of Publicly Available Information (if applicable) to Noteholders will not affect the effectiveness of such notices.
The Swap Counterparty cannot make such determination without some information to support its determination that a Credit Event has occurred and where a Notice of Publicly Available Information is applicable it must cite Publicly Available Information confirming the occurrence of the Credit Event described in the Credit Event Notice.The Credit Event Notice and Notice of Publicly Available Information (if applicable) are effective when delivered to the Issuer.
A Noteholder may disagree with Publicly Available Information contained in the Credit Event Notice delivered by or on behalf of the Issuer to the relevant Clearing System for the Noteholders’ information, but will nevertheless be bound by that determination under the terms of the Notes.
Restructured Bond or Loan means an Obligation which is a Bond or Loan and in respect of which the Restructuring that is the subject of a Credit Event Notice has occurred.
More Definitions of Credit Event Notice
Credit Event Notice means an irrevocable notice from the Issuer to the Security Holder in accordance with § 12, specifying that a Credit Event has occurred as well as the date of the occurrence and which contains a de- scription in reasonable detail of the facts relevant to the determination that a Credit Event has occurred. The Credit Event that is subject to the Credit Event Notice need not be continuing on the date the Credit Event Notice is effective.
Credit Event Notice is defined in Section 4.01(c) of this Agreement.
Credit Event Notice means an irrevocable notice (which Buyer has the right but not the obligation to deliver) from Buyer (which may be oral including by telephone to be confirmed in writing) to Seller that describes a Credit Event that occurred during the Credit Event Observation Period.A Credit Event Notice must contain a description in reasonable detail of the facts relevant to the determination that a Credit Event has occurred and must also specify any applicable Exercise Amount that the Credit Event relates to. The Credit Event that is the subject of the Credit Event Notice need not be continuing on the date the Credit Event Notice is effective.
Credit Event Notice means an irrevocable notice (which Party A has the right but not the obligation to deliver) from Party A (which may be oral including by telephone to be confirmed in writing) to Party B (with a copy to the Issuing and Paying Agent) during the Notice Delivery Period (or any other period permissible pursuant to the terms of the Credit Default Swap) that describes a Credit Event that occurred on or after the Credit Linkage Start Date to and including the Extension Date or (if applicable and earlier) the Early Redemption Date, each as determined by reference to Greenwich Mean Time.
Credit Event Notice means an irrevocable notice from the Calculation Agent (which may be by telephone) to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Credit Event that occurred at or after 12.01 a.m. Greenwich Mean Time on the Trade Date and at or prior to 11.59 p.m., Greenwich Mean Time, on the latest of:
Credit Event Notice means a notice of the occurrence of a Credit Event (irrespective of whether it is continuing), describing the Credit Event and giving Publicly Available Information in respect of such Credit Event, given by the Calculation Agent to the Issuer (and copied to the Issuing and Paying Agent, the Trustee and the Swap Counterparty) at the election of the Calculation Agent in its sole and absolute discretion at any time prior to the Maturity Date.
Credit Event Notice means an irrevocable notice (which Party A has the right but not the obligation to deliver) from Party A (which may be oral including by telephone to be confirmed in writing) to Party B and S&P delivered during the Notice Delivery Period that describes a Credit Event that occurred during the Credit Observation Period.A Credit Event Notice must contain a description in reasonable detail of the facts relevant to the determination that a Credit Event has occurred. The Credit Event that is the subject of the Credit Event Notice need not be continuing on the date the Credit Event Notice is effective.A Credit Event Notice may be delivered once only in relation to each Reference Entity except in respect of a Reference Entity for which Modified Restructuring or Modified Modified Restructuring applies as set out in Schedule C, where the Calculation Agent may deliver multiple Credit Event Notices in respect of such Reference Entity. Each such Credit Event Notice must specify the percentage of the Reference Entity Notional Amount of the Reference Entity to which such Credit Event Notice applies (the “Exercise Amount”). When such Credit Event Notice specifies an Exercise Amount less than the relevant Reference Entity Notional Amount, such Reference Entity shall continue to be a Reference Entity and further Credit Event Notices may be given and the Conditions to Settlement satisfied inrespect of such Reference Entity, but the relevant Reference Entity Notional Amount will be reduced by the relevant Exercise Amount.If subsequent to satisfaction of the Conditions to Settlement with respect to any Reference Entity, such Reference Entity becomes the Successor to one or more other Reference Entities in respect of which an Event Determination Date has not occurred, the Conditions to Settlement may be satisfied again in relation to that Reference Entity such number of times as is equal to the number of Reference Entities in respect of which that Reference Entity is the Successor (excluding such Reference Entity itself).If a Credit Event Notice contains the information required in the Notice of Publicly Available Information, such Credit Event Notice shall be deemed to be both a Credit Event Notice and a Notice of Publicly Available Information.Credit Events: With respect to each Reference Entity of a particular Regional Designation, the Credit Events specified in Schedule C hereto as “Applicable” with respect to Reference Entities of such Regional Designation.Obligation: With...