Credit Events definition

Credit Events means the execution, delivery and performance by the Borrower of this Agreement, the borrowing of Loans and the use of the proceeds thereof.

Credit Events means the occurrence of any one or more of the Credit Events specified in these Credit Linked Conditions, which may include Bankruptcy, Failure to Pay, Obligation Acceleration, Obligation Default, Repudiation/Moratorium, Restructuring or Governmental Intervention. If an occurrence would otherwise constitute a Credit Event, such occurrence will constitute a Credit Event whether or not such occurrence arises directly or indirectly from, or is subject to a defence based upon:

Credit Events means events when: the Guarantor or the Reference Bond fails to make any interest, redemption or other payment as defined in these terms and conditions or those of the Reference Bond; an event has occurred that causes payments (interest, redemption or other payments) to be delayed or different in amount; a credit event (as defined in the ISDA Definitions) has occurred with respect to the Guarantor or Refer- ence Bond; any other event occurs with respect to the Guarantor or Reference Bond Issuer which results in non-payment or late payment of any amount due. In the event of a credit event any return of investors initial capital, if any, will be paid at maturity.

Examples of Credit Events in a sentence

• Prospective investors should note that not all Credit Events have easily ascertainable triggers and disputes can and have arisen as to whether a specific event did or did not constitute a Credit Event.

• For Nth to Default CLNs, while the occurrence of the N-1 Credit Events has no impact on the Redemption Amount and (if any) interest payments, the Nth Credit Event will have a more than proportional impact on these figures.

• The fair value of financial assets and financial liabilities are determined in accordance with generally accepted pricing models based on discounted cash flow analysis.

• Creation of Segregated Portfolio shall be based on issuer level Credit Events as detailed above and implemented at the ISIN level.

• If there are any Unsettled Credit Events as at the Credit Event Observation Period End Date, the Warrant Extended Maturity Date may not be the final maturity date for the Notes and the final maturity date will be the later of the Extended CDS Termination Date and the Warrant Extended Maturity Date.

More Definitions of Credit Events

Credit Events under such transaction shall include "Bankruptcy" and "Failure to Pay", (iv) such transaction shall provide for "Cash Settlement" in Dollars only and (v) the documentation governing such credit default swap transaction shall be substantially in the form attached as Exhibit D (or in such other form as the Required Committed Lenders (and, solely in the case of Credit Default Swaps entered into on the Closing Date, each Funding Agent) may approve in their reasonable discretion; provided that if the only material differences between the documentation set forth in Exhibit D and the documentation proposed to be used for such credit default swap transaction arise out of changes to the standard form credit default swap documentation published by the International Swap and Derivatives Association, Inc. (or any successor thereto), then the Transferor may use such proposed documentation without the consent of any party other than the Administrative Agent.

Credit Events means a Borrowing, the issuance of a Letter of Credit, an LC Disbursement or any of the foregoing.

Credit Events shall have the meaning set forth in the Second Amendment.

Credit Events. The Credit Event(s) specified in the Applicable Convention Terms. Obligation(s): Obligation Category: The Obligation Category specified in the Applicable Convention Terms.

Credit Events means a Borrowing, the issuance of a Letter of Credit, an LC Disbursement or any of the foregoing. “Credit Exposure” means, as to any Lender at any time, the sum of (a) such Lender’s Revolving Exposure at such time,plus (b) an amount equal to its Applicable Percentage, if any, of the aggregate principal amount of Protective Advances outstanding atsuch time.

Credit Events. The following Credit Events shall apply to this Transaction (and the first sentence of Section 4.1 of the Credit Derivatives Definitions shall be amended accordingly): Failure to Pay: Payment Requirement: U.S. $1.00 (one U.S. dollar)

Credit Events has the meaning given to such term in Article 3.