No Auction Announcement Date definition

No Auction Announcement Date means, with respect to a Reference Entity and a Credit Event, the date on which ISDA first publicly announces that (a) no Transaction Auction Settlement Terms and, if applicable, no Parallel Auction Settlement Terms will be published, (b) following the occurrence of a Restructuring with respect to a Reference Entity for which either “Restructuring Maturity Limitation and Fully Transferable Obligation Applicable” or “Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation Applicable” is specified as being applicable in the relevant Standard only, no Transaction Auction Settlement Terms will be published, but Parallel Auction Settlement Terms will be published or (c) the relevant Credit Derivatives Determinations Committee has resolved that no relevant Auction will be held following a prior public announcement by ISDA to the contrary. For the avoidance of doubt, the No Auction Announcement Date shall be the date of the relevant announcement by ISDA and not the date of any related determination by the Calculation Agent that such announcement relates to Transaction Auction Settlement Terms, Parallel Auction Settlement Terms or a relevant Auction.

No Auction Announcement Date means, with respect to a Credit Event, the date on which the DC Secretary first publicly announces that:

No Auction Announcement Date means, with respect to a a Credit Event, the date on which ISDA first publicly announces that (a) no Transaction Auction Settlement Terms and, if applicable, no Parallel Auction Settlement Terms will be published, (b) following the occurrence of a Restructuring with respect to a Reference Entity for which either "Mod R" or "Mod Mod R" is specified as being applicable, no Transaction Auction Settlement Terms will be published, but Parallel Auction Settlement Terms will be published or (c) the relevant Credit Derivatives Determinations Committee has resolved that no relevant Auction will be held following a prior public announcement by ISDA to the contrary, in circumstances where either no Parallel Auction will be held or one or more Parallel Auctions will be held. For the avoidance of doubt, the No Auction Announcement Date shall be the date of the relevant announcement by ISDA and not the date of any related determination by the Calculation Agent that such announcement relates to Transaction Auction Settlement Terms, Parallel Auction Settlement Terms or a relevant Auction.

Examples of No Auction Announcement Date in a sentence

• The Valuation Date shall be a Business Day selected by Buyer that is at least five (5) Business Days after the occurrence of an Auction Cancellation Date, a No Auction Announcement Date or such other date as referred to in Section6.1 of the Credit Derivatives Definitions (as the case may be) upon which it is determined that the Fallback Settlement Method shall apply.

• For the avoidance of doubt, the No Auction Announcement Date shall be the date of the relevant announcement by ISDA and not the date of any related determination by the Calculation Agent that such announcement relates to Applicable Transaction Auction Settlement Terms, Parallel Auction Settlement Terms or an Applicable Auction.

• For the avoidance of doubt, the No Auction Announcement Date shall be the date of the relevant announcement by the DC Secretary and not the date of any related determination by the Calculation Agent that such announcement relates to Transaction Auction Settlement Terms, Parallel Auction Settlement Terms or an Auction.

• In certain circumstances, if following a Restructuring Credit Event a No Auction Announcement Date has occurred pursuant to sub-paragraph (b) of the definition of No Auction Announcement Date, the Calculation Agent may elect, in its sole discretion, to exercise the Movement Option, by delivering an effective Notice to Exercise Movement Option to the Bank on or prior to the Movement Option Cut-off Date.

• The Valuation Date shall be a Business Day selected by Buyer that is at least five (5) Business Days after the occurrence of an Auction Cancellation Date, a No Auction Announcement Date or such other date as referred to in Section 6.1 of the Credit Derivatives Definitions (as the case may be) upon which it is determined that the Fallback Settlement Method shall apply.

More Definitions of No Auction Announcement Date

No Auction Announcement Date means, with respect to a Credit Event, the date on which ISDA first publicly announces that (a) no Transaction Auction Settlement Terms and, if applicable, no Parallel Auction Settlement Terms will be published; (b) following the occurrence of a Restructuring in respect of which either "Restructuring Maturity Limitation and Fully Transferable Obligation Applicable" or "Modified Restructuring Maturity Limitation and Conditionally Transferable Obligation Applicable" is specified to be applicable in the Standard Terms with respect to the relevant Reference Entity, no Transaction Auction Settlement Terms will be published, but Parallel Auction Settlement Terms will be published or (c) the relevant Credit Derivatives Determinations Committee has Resolved that no Auction will be held following a prior public announcement by ISDA to the contrary.

No Auction Announcement Date means, with respect to any Reference Entity and a Credit Event, the date on which the DC Secretary first publicly announces that:

No Auction Announcement Date means, with respect to any Reference Entity, the date on which ISDA announces that:

No Auction Announcement Date means, where "Auction Settlement" is specified as applicable in the Issue Terms, with respect to a Reference Entity and a Credit Event, the date on which ISDA first publicly announces that (a) no Credit Derivatives Auction Settlement Terms will be published with respect to such Reference Entity and Credit Event, (b) Credit Derivatives Auction Settlement Terms will be published with respect to such Reference Entity and Credit Event but the Auction Conditions will not be satisfied or (c) the relevant Credit Derivatives Determinations Committee has Resolved that no Auction will be held with respect to such Reference Entity and Credit Event following a prior public announcement by ISDA to the contrary.

No Auction Announcement Date means, with respect to a Reference Entity and a Credit Event, the date on which the DC Secretary first publicly announces that (i) no Credit Derivatives Auction Settlement Terms and, if applicable, no Parallel Auction Settlement Terms will be published, (ii) following the occurrence of an M(M)R Restructuring with respect to a Reference Entity, no Credit Derivatives Auction Settlement Terms will be published, but Parallel Auction Settlement Terms will be published, or (iii) the relevant

No Auction Announcement Date means, with respect to a Credit Event, the date on which ISDA first publicly announces that:

No Auction Announcement Date means the date on which ISDA first publicly announces that (i) no Credit Derivatives Auction Settlement Terms will be published with respect to the Reference Entity and the relevant Credit Event, (ii) Credit Derivatives Auction Settlement Terms will be published with respect to the Reference Entity and the relevant Credit Event, but they shall not be deemed applicable for the purpose of Auction Settlement hereunder (as determined in accordance with the definition of Credit Derivatives Auction Settlement Terms), or (iii) the relevant Credit Derivatives Determinations Committeehas Resolved that no Auction will be held with respect to the Reference Entity and the relevant Credit Event following a prior public announcement by ISDA to the contrary;