Modified Modified Restructuring definition

Modified Modified Restructuring means that the Restructuring Credit Event is applicable with the Deliverable Obligations being subject to Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation (known as “Mod Mod R”). 2. Guarantees N. America/ MonolineWestern Europe 3. Obligation Category N. America/ MonolineWestern Europe 4. Obligation Characteristics N. America/ MonolineWestern Europe N. America/ MonolineWestern EuropeJapanAustralia/ New Zealand Where “Not Subordinated” is specified as an Obligation Characteristic for a particular Regional Designation, this Obligation Characteristic shall not apply if “Subordinated” is specified in Schedule B as applying to a Reference Entity bearing such Regional Designation.Where both “Domestic Currency” and “Standard Specified Currencies” are specified as “Applicable” in the above table, Obligations need only satisfy one of these characteristics. 5. Reference Obligation Category N. America / MonolineWestern Europe 6. Reference Obligation Characteristics N. America/ MonolineWestern Europe N. America/ MonolineWestern EuropeJapanAustralia/ New ZealandSingaporeOther AsiaLatin America Where both “Domestic Currency” and “Standard Specified Currencies” are specified as “Applicable” in the above table, Deliverable Obligations need only satisfy one of these characteristics.Where “Not Subordinated” is specified as a Deliverable Obligation Characteristic for a particular Regional Designation, this Deliverable Obligation Characteristic shall not apply if “Subordinated” is specified in Schedule B Annex A as applying to a Reference Entity with such Regional Designation.7. Additional Provisions applicable to Reference Entities incorporated in JapanNotwithstanding anything to the contrary in the Confirmation:With respect to a Reference Entity with a Regional Designation of “Japan”, “Greenwich Mean Time” in Section 3.3 of the Credit Derivatives Definitions shall be replaced by “Tokyo time”.With respect to a Reference Entity assigned with a Regional Designation of “Japan”, Section 3.9 of the Credit Derivatives Definitions shall not apply. Payment Requirement means, with respect to a Reference Entity assigned a Regional Designation “Japan”, and if the currency of the Floating Rate Payer Calculation Amount is in JPY, JPY 100,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay.Default Requirement means, with respect to a Reference Entity assigned a Regional Designation “Japan”, an...
Sample 1Sample 2
Modified Modified Restructuring means that the Restructuring Credit Event is applicable with the Deliverable Obligations being subject to Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation (known as “Mod Mod R”). 2. Guarantees North America/ MonolineWestern Europe/Israel 3. Obligation Category North America/ MonolineWestern Europe/Israel 4. Obligation Characteristics North America/ MonolineWestern Europe/Israel North America/ MonolineWestern Europe/IsraelJapanAustralia/ New Zealand Where “Not Subordinated” is specified as an Obligation Characteristic for a particular Regional Designation, this Obligation Characteristic shall not apply if “Subordinated” is specified in Schedule B as applying to a Reference Entity bearing the relevant Regional Designation.Where both “Domestic Currency” and “Standard Specified Currencies” are specified as “Applicable” in the above table, Obligations need only satisfy one of these characteristics.5. Reference Obligation Category North America / Monoline 6. Reference Obligation Characteristics North America/ MonolineWestern Europe/Israel North America/ MonolineWestern Europe/IsraelJapanAustralia/ New ZealandSingaporeOther AsiaLatin America Where both “Domestic Currency” and “Standard Specified Currencies” are specified as “Applicable” in the above table, Deliverable Obligations need only satisfy one of these characteristics.Where “Not Subordinated” is specified as a Deliverable Obligation Characteristic for a particular Regional Designation, this Deliverable Obligation Characteristic shall not apply if “Subordinated” is specified in Schedule B as applying to a Reference Entity with the relevant Regional Designation.7. Additional Provisions applicable to Reference Entities incorporated in JapanNotwithstanding anything to the contrary in the Confirmation:With respect to a Reference Entity with a Regional Designation of “Japan”, “Greenwich Mean Time” in Section 3.3 of the Credit Derivatives Definitions shall be replaced by “Tokyo time”.With respect to a Reference Entity assigned with a Regional Designation of “Japan”, Section 3.9 of the Credit Derivatives Definitions shall not apply.
Sample 1Sample 2
Modified Modified Restructuring means that the Restructuring Credit Event is applicable with the Deliverable Obligations being subject to Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation (known as “Mod Mod R”).
Sample 1Sample 2

Examples of Modified Modified Restructuring in a sentence

  • Considering trading volume in the European credit derivative market and data availability, we have decided to use data on CDS contracts with a Modified Modified Restructuring option (MM) which are based on senior debt instruments.

  • Any appraisal of the Property shall be the responsibility of Buyer.

  • A Credit Event Notice may be delivered once only in relation to each Reference Entity comprised in the Equity Portfolio 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.

  • 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.


More Definitions of Modified Modified Restructuring

Modified Modified Restructuring means that the Restructuring Credit Event is applicable with the Deliverable Obligations being subject to Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation (known as “Mod Mod R”). 2. Guarantees N. America / Monoline Western Europe 3. Obligation Category N. America / Monoline Western Europe 4. Obligation Characteristics N. America / Monoline Western Europe Not Domestic Issuance Applicable Where “Not Subordinated” is specified as an Obligation Characteristic for a particular Regional Designation, this Obligation Characteristic shall not apply if “Subordinated” is specified as applying to a Reference Entity bearing such Regional Designation.Where both “Domestic Currency” and “Standard Specified Currencies” are specified as “Applicable” in the above table, Obligations need only satisfy one of these characteristics. 5. Deliverable Obligation Category N. America / Monoline Western Europe 6. Deliverable Obligation Characteristics N. America / Monoline Western Europe Restructuring Maturity Limitation and Fully Transferable Obligation Applicable Applicable Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation Where both “Domestic Currency” and “Standard Specified Currencies” are specified as “Applicable” in the above table, Deliverable Obligations need only satisfy one of these characteristics.Where “Not Subordinated” is specified as a Deliverable Obligation Characteristic for a particular Regional Designation, this Deliverable Obligation Characteristic shall not apply if “Subordinated” is specified as applying to a Reference Entity with such Regional Designation. 7. Additional Provisions applicable to Reference Entities incorporated in JapanNotwithstanding anything to the contrary in the Confirmation:With respect to a Reference Entity with a Regional Designation of “Japan”, “Greenwich Mean Time” in Section 3.3 of the Credit Derivatives Definitions shall be replaced by “Tokyo time”.With respect to a Reference Entity assigned with a Regional Designation of “Japan” Section 3.9 of the Credit Derivatives Definitions shall not apply.Payment Requirement means, with respect to a Reference Entity assigned a Regional Designation “Japan”, and if the currency of the Floating Rate Payer Calculation Amount is JPY, JPY 100,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay.Default Requirement means, with respect to a Reference Entity assigned a Regiona...
Sample 1
Modified Modified Restructuring means that the Restructuring Credit Event is applicable with the Reference Obligations being subject to Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation (known as “Mod Mod R”). 2 Guarantees N. America / MonolineWestern Europe Israel 3 Obligation Category N. America / Monoline 4 Obligation Characteristics N. America / Monoline Where “Not Subordinated” is specified as an Obligation Characteristic for a particular Regional Designation, this Obligation Characteristic shall not apply if “Subordinated” is specified in Schedule B as applying to a Reference Entity bearing such Regional Designation.Where both “Domestic Currency” and “Standard Specified Currencies” are specified as “Applicable” in the above table, Obligations need only satisfy one of these characteristics. 5 Business Days N. America / Monoline Additional Provisions applicable to Reference Entities incorporated in JapanNotwithstanding anything to the contrary in the Confirmation:With respect to a Reference Entity with a Regional Designation of “Japan, “Greenwich Mean Time” in Section 3.3 of the Credit Derivatives Definitions shall be replaced by “Tokyo time”.With respect to the Reference Entity assigned with a Regional Designation of “Japan” Section 3.9 of the Credit Derivatives Definitions shall not apply.Payment Requirement means, with respect to a Reference Entity assigned a Regional Designation “Japan”, and if the currency of the Floating Rate Payer Calculation Amount is JPY, JPY 100,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Failure to Pay.Default Requirement means, with respect to a Reference Entity assigned a Regional Designation “Japan”, an the currency of the Floating Rate Payer Calculation Amount is in JPY, JPY 1,000,000,000 or its equivalent in the relevant Obligation Currency as of the occurrence of the relevant Credit Event. Schedule D Sovereign Regional DifferencesThis Schedule D is subject to change as agreed between the Substitution Agent and the Swap Counterparty from time to time pursuant to the Substitution Agency Agreement to reflect the then current market terms.Where “Sovereign” is specified as a Regional Designation with respect to a Reference Entity in Schedule B, the following provisions in this Schedule D shall apply, determined in accordance with the other Regional Designation specified with respect to that Reference Entity in Schedule B.
Sample 1

Related to Modified Modified Restructuring

  • Modified Restructuring Maturity Limitation Date means with respect to a Reference Obligation, the date that is the later of (x) the Scheduled Maturity Date of the Notes and (y) 60 months following the Restructuring Date in the case of a Restructured Bond or Loan, or 30 months following the Restructuring Date in the case of all other Reference Obligations.

  • Permitted Modification shall have the meaning ascribed thereto in Section 4.02.

  • Significant Modification As defined in Section 3.25.

  • Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.

  • Permitted Restructuring means the completion of: (a) an offer made by, or on behalf of, an Eligible Company to all (or as nearly as may be practicable all) of the shareholders of the Issuer (or, if the Issuer is not then the Ultimate Owner, to the shareholders of the then Ultimate Owner) to acquire the whole (or as nearly as may be practicable the whole) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued ordinary share capital) other than those already held by or on behalf of such Eligible Company; or (b) a reorganisation or restructuring whether by way of a scheme of arrangement or otherwise pursuant to which an Eligible Company acquires all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or, if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued share capital) other than those already held by such Eligible Company or pursuant to which all (or as nearly as may be practicable all) of the issued ordinary share capital of the Issuer (or if the Issuer is not then the Ultimate Owner, the then Ultimate Owner’s issued capital) not held by the New Holding Company is cancelled;

  • Restructuring Transaction means a tax free distribution under section 355 of the internal revenue code and includes tax free transactions under section 355 of the internal revenue code that are commonly referred to as spin offs, split ups, split offs, or type D reorganizations.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Restructuring Plan means the Restructuring Plan attached hereto as Schedule 1.1.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.

  • Permitted Modifications As defined in Section 2.02(a) of the Servicing Agreement.

  • Permitted Lock-Up Agreement means an agreement (the “Lock-up Agreement”) between a Person and one or more holders of Voting Shares (each holder referred to herein as a “Locked-up Person”), the terms of which are publicly disclosed and a copy of which is made available to the public, including the Corporation, pursuant to which such holders agree to deposit or tender Voting Shares to a Take-over Bid (the “Lock-up Bid”) made by the Person or any of such Person’s Affiliates or Associates or any other Person referred to in clause (iii) of the definition of Beneficial Owner, whether such Lock-up Bid is made before or after the Lock-up Agreement is signed, provided that: (i) the Lock-up Agreement permits the Locked-up Person to terminate its agreement to deposit or tender to or to not withdraw Voting Shares from the Lock-up Bid in the event a “Superior Offer” is made to the Locked-up Person. For purposes of this subsection, a “Superior Offer” is any Take-over Bid, amalgamation, arrangement or similar transaction pursuant to which the cash equivalent value of the consideration per share to be received by holders of the Voting Shares under such transaction (the “Superior Offer Consideration”) is greater than the cash equivalent value per share to be received by holders of Voting Shares under the Lock-up Bid (the “Lock-up Bid Consideration”). Notwithstanding the foregoing, the Lock-up Agreement may require that the Superior Offer Consideration must exceed the Lock-up Bid Consideration by a specified percentage before such termination rights take effect, provided such specified percentage is not greater than 7%. For greater clarity, the Lock-up Agreement may contain a right of first refusal or require a period of delay to give the Person who made the Lock-up Bid an opportunity to match a higher price in another Take-over Bid or transaction or similar limitation on the Locked-up Person’s right to withdraw Voting Shares from the agreement, so long as the limitation does not preclude the exercise by the Locked-up Person of the right to withdraw Voting Shares during the period of the other Take-over Bid or transaction; and (ii) no “break-up” fees, “top-up” fees, penalties, expenses, or other amounts that exceed, in the aggregate, the greater of:

  • Permit modification means a revision to a Title V operating permit that cannot be accomplished under the provisions for administrative permit amendments found at rule 567—22.111(455B). A permit modification for purposes of the acid rain portion of the permit shall be governed by the regulations pertaining to acid rain found at rules 567—22.120(455B) to 567—22.147(455B). This definition of “permit modification” shall be used solely for purposes of this chapter governing Title V operating permits.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

  • Restructuring Term Sheet means the term sheet attached as Exhibit A to the Restructuring Support Agreement.

  • Modified Mortgage Loan Any Mortgage Loan that has been the subject of a Servicing Modification.

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Equity Restructuring means a nonreciprocal transaction between the Company and its stockholders, such as a stock dividend, stock split, spin-off, rights offering or recapitalization through a large, nonrecurring cash dividend, that affects the number or kind of Shares (or other securities of the Company) or the share price of Common Stock (or other securities) and causes a change in the per-share value of the Common Stock underlying outstanding Awards.

  • Reportable Modified Mortgage Loan Any Mortgage Loan that (i) has been subject to an interest rate reduction, (ii) has been subject to a term extension or (iii) has had amounts owing on such Mortgage Loan capitalized by adding such amount to the Stated Principal Balance of such Mortgage Loan; provided, however, that a Mortgage Loan modified in accordance with clause (i) above for a temporary period shall not be a Reportable Modified Mortgage Loan if such Mortgage Loan has not been delinquent in payments of principal and interest for six months since the date of such modification if that interest rate reduction is not made permanent thereafter.

  • Modified Asset Any Serviced Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special Servicer pursuant to Section 3.24 of this Agreement in a manner that:

  • Restructuring Date means the date on which a Restructuring is legally effective in accordance with the terms of the documentation governing such Restructuring.

  • Restructuring Transactions Memorandum means a document, to be included in the Plan Supplement, that sets forth the material components of the Restructuring Transactions and a description of the steps to be carried out to effectuate the Restructuring Transactions in accordance with the Plan, including the reorganization of the Debtors and issuance of the New Valaris Equity, through the Chapter 11 Cases, the Plan, or any Implementation Mechanism (including, in the United Kingdom, through the Administration).

  • Permitted Tax Restructuring means any reorganizations and other activities related to tax planning and tax reorganization (as determined by the Company in good faith) so long as such Permitted Tax Restructuring is not materially adverse to the Holders of the Notes.

  • Modified EDFR means a reference rate equal to the EDFR plus the EDFR Spread;

  • Alternative Acquisition Agreement has the meaning set forth in Section 5.3(d).

  • Pre-Closing Restructuring has the meaning specified in Section 6.14(a).

  • Alternative Restructuring Proposal means any inquiry, proposal, offer, bid, term sheet, discussion, or agreement with respect to a sale, disposition, new-money investment, restructuring, reorganization, merger, amalgamation, acquisition, consolidation, dissolution, debt investment, equity investment, liquidation, tender offer, recapitalization, plan of reorganization, share exchange, business combination, or similar transaction involving any one or more Company Parties or the debt, equity, or other interests in any one or more Company Parties that is an alternative to one or more of the Restructuring Transactions.