Examples of Grace Period Extension Date in a sentence
If, in respect of these Notes, a Risk Event Notice has not been given on or prior to the scheduled Maturity Date or the or the Grace Period Extension Date (if applicable) but a Risk Event may have occurred, such date may be postponed and, if a Risk Event subsequently occurs, these Notes will be redeemed as further described in the Conditions.
The Issuer may be liable to pay a Cash Settlement Amount determined to be due to the Swap Counterparty under the Credit Default Swap if a Credit Event occurs thereunder on or prior to such Grace Period 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.
The delivery by the Swap Counterparty of a Potential Failure to Pay Extension Notice with respect to a Reference Obligation will have the effect of extending the Notice Delivery Period in respect of the relevant Reference Obligation to the date falling 10 Business Days after the Grace Period Extension Date.
The amount payable in respect of principal of and interest on any Notes will be dependent in part upon whether, and the extent to which, during the period from and including the Trade Date specified in the Portfolio CDS to and including the Scheduled Termination Date, the Grace Period Extension Date or the Repudiation/Moratorium Evaluation Date, as applicable one or more Credit Events has occurred in relation to any Reference Entity comprised in the Reference Portfolio from time to time.