Outstanding Credit Event definition

Outstanding Credit Event means, at any time, a Credit Event in respect of a Long Reference Entity or Short Reference Entity in respect of which an Event Determination Date has occurred, but the Cash Settlement Date in respect of such Credit Event has not occurred, in each case at or prior to such time.
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Outstanding Credit Event means, at any time, a Credit Event in respect of which an Event Determination Date has occurred, but the Cash Settlement Date in respect of such Credit Event has not occurred, in each case at or prior to such time.‌
Sample 1
Outstanding Credit Event means, in relation to a Reference Entity, if the Conditions to Settlement have been satisfied in relation to such Reference Entity on or before the Scheduled Termination Date, however, as of the Scheduled Termination Date, the relevant Cash Settlement Date is still to occur.
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Examples of Outstanding Credit Event in a sentence

  • Outstanding Credit Event Reference Entity means, each Reference Entity in respect of which an Event Determination Date has occurred but the Cash Settlement Date has not occurred.

  • Maximum Loss Amount means the product of: (a) the sum of the Reference Entity Notional Amounts in respect of each Outstanding Credit Event Reference Entity; and (b) 70 per cent.

  • They shall then dispose of the remaining assets in a manner consistent with the goals of the Corporation and in accordance with all applicable provisions of the Internal Revenue Code governing tax- exempt organizations.

  • Final Exchange Amount III : An amount (if any) equal to the aggregate PrincipalAmount Outstanding in respect of the Notes on such Early Redemption Date provided that where an Uncured Default or Outstanding Credit Event exists on the Early Redemption Cut-off Date, the Final Exchange Amount III shall be an amount equal to the aggregate Interest Bearing Amount in respect of the Notes on such date.

  • For the purposes of this sub-paragraph 13(L): Excess Deferred Amount means, in relation to each Outstanding Credit Event and a Reference Obligation, (i) the relevant Maximum Cash Settlement Amount less (ii) the Cash Settlement Amount payable on the relevant Cash Payment Date.

Related to Outstanding Credit Event

  • Outstanding Credit Exposure means, as to any Bank at any time, the sum of (i) the aggregate principal amount of its Loans outstanding at such time, plus (ii) an amount equal to its Pro Rata Share of the LC Obligations at such time.

  • Outstanding Credits means, on any date of determination, the sum of (i) the aggregate principal amount of all Loans outstanding on such date plus (ii) the LC Outstandings on such date. The Outstanding Credits with respect to any Lender at any time shall be its Commitment Percentage of the total Outstanding Credits at such time.

  • Aggregate Outstanding Credit Exposure means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders.

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Total Revolving Credit Exposure means, at any time, the sum of the outstanding principal amount of all Lenders’ Revolving Loans, their LC Exposure and their Swingline Exposure at such time; provided, that clause (a) of the definition of Swingline Exposure shall only be applicable to the extent Lenders shall have funded their respective participations in the outstanding Swingline Loans.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Outstanding Letters of Credit shall have the meaning given such term in Section 2.02(j).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Credit Expiration Date means September 30, 2000.

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • LC Outstandings means, on any date of determination, the sum of (i) the undrawn stated amounts of all Letters of Credit that are outstanding on such date plus (ii) the aggregate principal amount of all unpaid reimbursement obligations of the Borrower on such date with respect to payments made by any LC Issuing Bank under any Letter of Credit (excluding reimbursement obligations that have been repaid with the proceeds of any Borrowing). The LC Outstandings with respect to any Lender at any time shall be its Commitment Percentage of the total LC Outstandings at such time.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.