Multiple Holder Obligation means an Obligation that (i) at the time of the event which constitutes a Restructuring, is held by more than three holders that are not Affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six-and-two-thirds is required to consent to the event which constitutes a Restructuring, provided that any Obligation that is a Bond shall be deemed to satisfy the requirement in clause (ii) of this definition.
Multiple Holder Obligation means an Obligation that (i) at the time of the event which constitutes a Restructuring Credit Event is held by more than three holders that are not Affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six per cent. and/or two-thirds is required to consent to the event which constitutes a Restructuring Credit Event.
Multiple Holder Obligation means an Obligation that
Examples of Multiple Holder Obligation in a sentence
If Multiple Holder Obligation is specified as applicable despite anything to the contrary in the provisions of the definition of Restructuring, the occurrence of, agreement to, or announcement of, any of the events described in (a)(i) to (v) of the definition of Restructuring shall not be a Restructuring if the Obligation in respect of any such events is not a Multiple Holder Obligation.
Multiple Holder Obligation means an Obligation that (i) at the time the Credit Event Notice is delivered, is held by more than three holders that are not affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six-and-two-thirds is required to consent to the event which would otherwise constitute a 'Restructuring' Credit Event.
Any Obligation that is a Bond shall be deemed to satisfy the requirement of sub-section (ii) of this definition of Multiple Holder Obligation.
Repudiation/Moratorium Restructuring: Multiple Holder Obligation: Applicable.
Obligation Acceleration] [Obligation Default] [Rating Downgrade] [Repudiation/Moratorium] [Governmental Intervention] [Restructuring: [Multiple Holder Obligation: Applicable] [Mod R: Applicable] 8This relates to the Reference Entity and/or the Reference Obligation.
More Definitions of Multiple Holder Obligation
Multiple Holder Obligation means an Obligation that (i) at the time of the event which would have constituted a Restructuring, assuming such Restructuring was determined by reference to such Obligation, is held by more than three holders that are not affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six-and-two-thirds is required to consent to the event which would have constituted a Restructuring Credit Event, assuming such Restructuring was determined by reference to such Obligation; provided that any Obligation that is a Bond shall be deemed to satisfy the foregoing requirement (ii) above;
Multiple Holder Obligation means an Obligation that (i) at the time of the event which constitutes a Restructuring Credit Event is held by more than three holders that are not Affiliates of each other and
Multiple Holder Obligation means an Obligation that (i) at the time of the event which constitutes a Re- structuring Credit Event is held by more than three holders that are not Affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six and two-thirds is required to consent to the event which constitutes a Restructuring Credit Event. (13) (i) Provisions taken from the ISDA supplement titled “Additional Provisions-Monoline Insurer as Reference Entity (May 2003)” If § 6(13)(i) is specified as applicable in the applicable Final Terms, the following provisions will apply:
Multiple Holder Obligation means an Obligation that (i) at the time the Credit Event Notice is delivered, is held by more than three unaffiliated holders and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation) at least equal to sixty-six-and–two-thirds is required to consent to the event which would otherwise constitute a Restructuring Credit Event.
Multiple Holder Obligation means an Obligation that (a) at the time of the event which constitutes a Restructuring Credit Event is held by more than three holders that are not Affiliates of each other and (b) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six-and-two-thirds is required to consent to the event which constitutes a Restructuring Credit Event.
Multiple Holder Obligation means an Obligation that (i) at the time of the event which constitutes a Restructuring, is held by more than three holders that are not Affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation as in effect on the date of such event) at least equal to sixty-six-and-two-thirds is required to consent to the event which constitutes a Restructuring, provided that any Obligation that is a Bond shall be deemed to satisfy the requirement in clause (ii) of this definition. ARTICLE V FIXED AMOUNTSN/AARTICLE VI GENERAL TERMS RELATING TO SETTLEMENT Section 6.1. Settlement Method. “Settlement Method” means the Settlement Method specified in the Notes or, as the case may be, the Swap Agreement, or if no Settlement Method is specified in the Notes or, as the case may be, the Swap Agreement, Auction Settlement. Section 6.2. Settlement Date. N/A Section 6.3. Settlement Currency. N/A Section 6.4. Fallback Settlement Method. “Fallback Settlement Method” means, if “Auction Settlement” is specified as the Settlement Method in the Notes or, as the case may be, the Swap Agreement pursuant to Section 6.1, Cash Settlement. Section 6.5. Settlement Suspension. If, following the determination of an Event Determination Date in accordance with Section 1.8(a)(i) but prior to a Valuation Date, ISDA publicly announces that the conditions to convening a Credit Derivatives Determinations Committee to Resolve the matters described in Sections 1.24(a) and (b) are satisfied in accordance with the Rules, the timing requirements of Sections 7.4 and 7.8, as applicable, or any other Section of these Credit Provisions that pertains to valuation and settlement, shall toll and remain suspended until such time as ISDA subsequently publicly announces that the relevant Credit Derivatives Determinations Committee has Resolved (a) the matters described in Sections 1.24(a) and (b) or (b) not to determine such matters. During such suspension period, the Calculation Agent is not obliged to, nor is it entitled to, take any action in connection with the settlement of any Defaulted Credit. Once ISDA has publicly announced that the relevant Credit Derivatives Determinations Committee has Resolved (i) the matters described in Sections 1.24(a) and (b) or (ii) not to determine such matters, the relevant timing requirements of Sections 7.4 and 7.8, as applicable, or any other Section of these Credit Provisions that pertains to valuation and ...
Multiple Holder Obligation means an Obligation that (i) at the time the Credit Event Notice is delivered, is held by more than three holders that are not Affiliates of each other and (ii) with respect to which a percentage of holders (determined pursuant to the terms of the Obligation) at least equal to sixty- six-and-two-thirds is required to consent to the event which would otherwise constitute a Restructuring Credit Event, provided that (ii) above shall not apply to any Obligations which are Bonds.