Examples of Relevant Credit Event in a sentence
Redemption may occur irrespective of whether the Relevant Credit Event is continuing on or after a Relevant Event Determination Date.
Such determination shall be made as if an Early Termination Date shall be deemed to have been designated in respect of the Notional Affected Portion of this Transaction as of the Relevant Credit Event Determination Date.
If a Credit Event has occurred but a Credit Event Notice has not yet been served on or prior to the Scheduled Redemption Date, or, where the terms of the Credit Linked Securities in question so permit, where an event or circumstance which may subsequently constitute a Relevant Credit Event has occurred, the Issuer may elect to extend the maturity of the Credit Linked Securities by service of an Extension Notice.
Neither the Issuer, the Determination Agent nor any of their respective affiliates has any responsibility to avoid or mitigate the effects of a Credit Event that is deemed to have taken place prior to the Trade Date or the Issue Date (as the case may be), and no such entity has any obligation to disclose to you or to take into consideration any information, fact or matter including in relation to any such Relevant Credit Event.
Where your Securities are linked to more than one Reference Entity, you should be aware that the credit and other risks associated with such Reference Entities may be correlated such that the likelihood of Relevant Credit Events occurring in respect of multiple Reference Entities simultaneously or the occurrence of a Relevant Credit Event in respect of any one Reference Entity may result in the occurrence or the increased likelihood of the occurrence of a Relevant Credit Event for other Reference Entities.