Credit Event Trigger Date definition

Credit Event Trigger Date means, in respect of a Credit Event Redemption, the Auction Final Price Determination Date or Valuation Date (as applicable) as a result of an Event Determination Date.
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Examples of Credit Event Trigger Date in a sentence

  • If the Asset Swap is subject to a Termination Event or an Additional Termination Event (save for an Additional Termination Event in respect of the Asset Swap caused by the occurrence of a Credit Event Trigger Date), all Transactions under the Agreement shall be deemed to be Affected Transactions with respect thereto.

  • If the Credit Default Swap is subject to a Termination Event or an Additional Termination Event (other than an Additional Termination Event in respect of the Credit Default Swap following the occurrence of a Credit Event Trigger Date), all Transactions under the Agreement shall be deemed to be Affected Transactions with respect thereto.

  • If a Credit Event Trigger Date occurs, the Notes will be redeemed at the credit event settlement amount on the credit event settlement date.

  • If a Credit Event Trigger Date occurs, the Notes will be redeemed at the Credit Event Settlement Amount on the Credit Event Settlement Date.

  • Notwithstanding any other provisions of the Agreement, insofar as an Early Termination Amount is to be calculated in respect of this Transaction in accordance with Section 6(e) of the Agreement in the case that an Early Termination Date is deemed to have been designated on, and as a result of, a Credit Event Trigger Date, such amount shall be determined assuming that no Fixed Amounts are payable pursuant to this Transaction.

  • Interest Amounts shall cease to accrue from (and including) the Interest Payment Date immediately preceding an Event Determination Date (or, if there is no such Interest Payment Date, the Interest Commencement Date), provided that if, prior to the Credit Event Trigger Date, the Event Determination Date is subsequently reversed or otherwise deemed not to have occurred pursuant to the terms of the relevant Swap Agreement, such cessation shall also be deemed not to have occurred.

  • If the Swap Counterparty delivers to the Issuer an Extension Notice, Interest Amounts shall cease to accrue from (and including) the Interest Payment Date immediately preceding the date of the Extension Notice, provided that, if no Credit Event Trigger Date subsequently occurs, such cessation shall also be deemed not to have occurred.

  • If the Swap Counterparty gives the Issuer an Extension Notice, Interest Amounts shall cease to accrue from (and including) the Interest Period End Date immediately preceding the date of the Extension Notice, provided that, if no Credit Event Trigger Date subsequently occurs, such cessation shall also be deemed not to have occurred.

  • Interest Amounts shall cease to accrue from (and including) the Interest Period End Date immediately preceding an Event Determination Date (or, if there is no such Interest Period End Date, the Interest Commencement Date), provided that if, prior to the Credit Event Trigger Date, the Event Determination Date is subsequently reversed or otherwise deemed not to have occurred pursuant to the terms of the Credit Default Swap Confirmation, such cessation shall also be deemed not to have occurred.

  • If a Credit Event Trigger Date occurs, the Notes will beredeemed at the Credit Event Settlement Amount on the Credit Event Settlement Date.

Related to Credit Event Trigger Date

  • 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.

  • 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 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.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Credit Event Net Loss With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the sum of: (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation, over (b) the related Net Liquidation Proceeds.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

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

  • DC Credit Event Announcement means, with respect to the Reference Entity, a public announcement by the DC Secretary that the relevant Credit Derivatives Determinations Committee has Resolved that an event that constitutes a Credit Event has occurred on or after the Credit Event Backstop Date and on or prior to the Extension Date, provided that if the Credit Event occurred after the Scheduled Maturity Date, the DC Credit Event Announcement 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.

  • Credit Event Upon Merger has the meaning specified in Section 5(b).

  • Credit Event Reference Obligation means, with respect to any Payment Date, any Reference Obligation with respect to which a Credit Event has occurred.

  • Debt Repayment Triggering Event means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note, debenture or other evidence of indebtedness (or any person acting on such holder’s behalf) the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Credit Event Net Gain With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the related Net Liquidation Proceeds; over (b) the sum of (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation.

  • Cumulative Loss Trigger Event If, with respect to any Distribution Date, the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Due Period, divided by (y) the Cut-off Date Pool Principal Balance, exceeds the applicable Cumulative Loss Percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage March 2008 through February 1.400% for the first month, plus an additional 2009 1/12th of 1.750% for each month thereafter (e.g., 2.275% in September 2008) March 2009 through February 3.150% for the first month, plus an additional 2010 1/12th of 1.750% for each month thereafter (e.g., 4.025% in September 2009) March 2010 through February 4.900% for the first month, plus an additional 2011 1/12th of 1.400% for each month thereafter (e.g., 5.600% in September 2010) March 2011 through February 6.300% for the first month, plus an additional 2012 1/12th of 0.750% for each month thereafter (e.g., 6.675% in September 2011) March 2012 and thereafter 7.050%

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Lender shall have been made).

  • Credit Event Resolution Request Date means, with respect to a notice to ISDA requesting that a Credit Derivatives Determinations Committee be convened to resolve:

  • Reversed Credit Event Reference Obligation With respect to any Payment Date means a Reference Obligation formerly in the Reference Pool that became a Credit Event Reference Obligation in a prior Reporting Period that is found in the related Reporting Period, through Xxxxxxx Mac’s quality control process, to have an Underwriting Defect or a data correction that invalidates the previously determined Credit Event.

  • Extension Determination Date means, in respect of a Series of Covered Bonds, the date falling two Business Days after the expiry of seven days from (and including) the Final Maturity Date of such Covered Bonds.

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Make-Whole Fundamental Change Effective Date means (A) with respect to a Make-Whole Fundamental Change pursuant to clause (A) of the definition thereof, the date on which such Make-Whole Fundamental Change occurs or becomes effective; and (B) with respect to a Make-Whole Fundamental Change pursuant to clause (B) of the definition thereof, the applicable Redemption Notice Date.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Default Event means an event or circumstance which leads Operator to determine that a Venue User is or appears to be unable or likely to become unable to meet its obligations in respect of an Order or Transaction or to comply with any other obligation under an Agreement or Applicable Law.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).