Nth to Default Transaction definition
Nth to Default Transaction means a Credit Derivative Transaction that references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to Buyer after the Conditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in respect of which an Event Determination Date has occurred, where "n" is a number specified for such purpose in the documentation in respect of the relevant Credit Derivative Transaction.
Nth to Default Transaction means a Credit Derivative Transaction that references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to the Buyer after the Conditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in respect of which an Event Determination Date has occurred, where "n" is a number specified for such purpose in the Docuemntation in respect of the relevant Credit Derivative Transaction.
Nth to Default Transaction means a Credit Derivative Transaction linked to more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts will only be paid to Buyer after the occurrence of Credit Events in respect of a specified number of Reference Entities and for which Landsbanki was designated by the parties as the Nth to default.
More Definitions of Nth to Default Transaction
Nth to Default Transaction means a Credit Derivative Transaction linked to more than one Reference Credit Agreement pursuant to which Cash Settlement Amounts or Physical Settlement Amounts will only be paid to the Buyer after the occurrence of Credit Events in respect of a specified number of Reference Credit Agreements.
Nth to Default Transaction means a Credit Derivative Transaction linked tothat references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to the Buyer after the occurrence of Credit Events in respect of a specified number of Reference EntitiesConditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in respect of which an Event Determination Date has occurred, where "n" is a number specified for such purpose in the Docuemntation in respect of the relevant Credit Derivative Transaction.
Nth to Default Transaction means a Credit Derivative Transaction that references more than one Reference Entity pursuant to which Cash Settlement Amounts or Physical Settlement Amounts, as applicable, will only be paid to Buyer after the Conditions to Settlement have been satisfied in respect of any of the relevant Reference Entities that is the nth Reference Entity in