Examples of Repudiation/Moratorium Evaluation Date in a sentence
Any Credit Event Notice that describes a Credit Event that occurred after the Scheduled Maturity Date must relate to the relevant Potential Failure to Pay, in the case of a Grace Period Extension Date, or the relevant Potential Repudiation/Moratorium, in the case of a Repudiation/Moratorium Evaluation Date.
Repudiation/Moratorium is specified as applicable in the Credit Default Swap with respect to such Reference Entity, a Potential Repudiation/Moratorium has occurred with respect to such Reference Entity and the Repudiation/Moratorium Extension Condition has been satisfied but the Repudiation/Moratorium Evaluation Date has not yet occurred.
The amount payable in respect of principal of and interest on any Notes will be dependent in part upon whether, and the extent to which, during the period from and including the Trade Date specified in the Portfolio CDS to and including the Scheduled Termination Date, the Grace Period Extension Date or the Repudiation/Moratorium Evaluation Date, as applicable one or more Credit Events has occurred in relation to any Reference Entity comprised in the Reference Portfolio from time to time.
Accordingly, at the association’s 2021 Annual Meeting, IAATO’s Climate Change Working Group was upgraded to a Climate Change Committee1.
If the Calculation Agent determines, in it sole and absolute discretion, that a Potential Repudiation/Moratorium has occurred, no payment whatsoever shall be made under the Securities from and including the date of such determination until three Business Days following the Repudiation/Moratorium Evaluation Date (a “ Potential Repudiation/Moratorium Period”).