Repudiation/Moratorium definition

Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than the Default Requirement or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to the Default Requirement, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.
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Repudiation/Moratorium means the occurrence of both of the following events:
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Repudiation/Moratorium means that the Reference Entity or Governmental Authority (a) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount not less than the Default Requirement, or (b) declares or imposes a moratorium, standstill or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than the Default Requirement.
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Examples of Repudiation/Moratorium in a sentence

  • A Repudiation/Moratorium Extension Notice shall be subject to the requirements regarding notices set forth in Section 1.10.

  • The Calculation Agent shall only deliver a Repudiation/Moratorium Extension Notice where it determines that Publicly Available Information exists confirming the existence or occurrence of the relevant Potential Repudiation/Moratorium.

  • The Calculation Agent may deliver multiple Repudiation/Moratorium Extension Notices in respect of a Reference Entity.

  • In particular, the Calculation Agent may deliver a Repudiation/Moratorium Extension Notice such that there is an Uncured Default in respect of one or more Specified Payment Dates.

  • The Spokane City Council’s Public Works Committee meeting will be held at 1:30 p.m. on August 10, 2015 in Council Briefing Center, Lower Level, City Hall, 808 West Spokane Falls Boulevard, Spokane, Washington.

  • An Event Determination Date may result from a Credit Event occurring at any time from and including the Credit Event Backstop Date to and including the Credit Observation End Date (or the Extension Date, if a Potential Failure to Pay or Potential Repudiation/Moratorium occurs).

  • If a Potential Failure to Pay or Potential Repudiation/Moratorium occurs, interest will be suspended and if an Event Determination Date subsequently occurs, no interest will be payable following the Interest Payment Date immediately preceding the date on which such Potential Failure to Pay or Potential Repudiation/Moratorium occurs.

  • The Principal Paying Agent on behalf of the Company shall as soon as practicable give notice to the Noteholders in accordance with Condition 17 of the determination by the Calculation Agent of the existence or occurrence of a Credit Event or the existence or occurrence of a Potential Failure to Pay, a Potential Repudiation/Moratorium or any other event which leads to a reduction in the amount payable in respect of the Notes on any date.

  • Where Repudiation/Moratorium is specified as a Credit Event in the applicable Final Terms, the provisions of this § 6(4) shall apply.

  • 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.


More Definitions of Repudiation/Moratorium

Repudiation/Moratorium means, in respect of the Reference Asset, the occurrence of both of the following events:
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Repudiation/Moratorium means, with respect to any Reference Entity, the occurrence of both of the following events:
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Repudiation/Moratorium means any Collateral Issuer or Governmental Authority
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Repudiation/Moratorium means, with respect to the Reference Security, the occurrence of both of the following events:
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Repudiation/Moratorium means, with respect to the Reference Security, the occurrence of both of the following events: (i) an authorized officer of the Reference Entity or a Governmental Authority (a) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, the Reference Security or (b) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to the Reference Security and (ii) a failure to pay or a Restructuring with respect to the Reference Security occurs on or prior to the date that is the later of (a) the date that is 60 days after the occurrence of an event described in paragraph
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Repudiation/Moratorium means the occurrence of both of the following events: (i) an authorised officer of a Reference Entity or a Governmental Authority (x) disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, one or more Obligations in an aggregate amount of not less than USD10,000,000 (or its equivalent in other currencies) or (y) declares or imposes a moratorium, standstill, roll-over or deferral, whether de facto or de jure, with respect to one or more Obligations in an aggregate amount of not less than USD10,000,000 (or its equivalent in other currencies) and (ii) a Failure to Pay, determined without regard to the Payment Requirement, or a Restructuring, determined without regard to any minimum aggregate amount, with respect to any such Obligation occurs on or prior to the Repudiation/Moratorium Evaluation Date.
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Related to Repudiation/Moratorium

  • Repudiation/Moratorium means the occurrence of both of the following events:

  • moratorium, control share acquisition" or other similar antitakeover statute or regulation enacted under state or federal laws.

  • Potential Repudiation/Moratorium means the occurrence of an event described in paragraph (a) of the definition of Repudiation/Moratorium.

  • Repudiation/Moratorium Evaluation Date means, if a Potential Repudiation/Moratorium occurs on or prior to the Credit Observation End Date (i) if the Obligations to which such Potential Repudiation/Moratorium relates include Bonds, the date that is the later of (A) the date that is sixty days after the date of such Potential Repudiation/Moratorium and (B) the first payment date under any such Bond after the date of such Potential Repudiation/Moratorium (or, if later, the expiration date of any applicable Grace Period in respect of such payment date) and (ii) if the Obligations to which such Potential Repudiation/Moratorium relates do not include Bonds, the date that is sixty days after the date of such Potential Repudiation/Moratorium; provided that, in either case, the Repudiation/Moratorium Evaluation Date shall occur no later than the Credit Observation End Date unless the Repudiation/Moratorium Extension Condition is satisfied.

  • Moratorium Period means the period of maximum months from the Commencement Date provided by DMRC to the Lessee for carrying out Fit Out Activities in order to operationalize the Leased Space(s).

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

  • Receivership means a proceeding in which a receiver is appointed.

  • corrupt and fraudulent practice means the offering, giving, receiving, or soliciting, of anything of value to influence the action of a public official or the contractor in the procurement process or in contract execution to the detriment of the procuring agency; or misrepresentation of facts in order to influence a procurement process or the execution of a contract, collusive practices among applicants/bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the procuring agency of the benefits of free and open competition and any request for, or solicitation of anything of value by any public official in the course of the exercise of his duty;

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • fraudulent practice means a misrepresentation of facts in order to influence a procurement process or the execution of a contract to the detriment of the Procuring Entity, and includes collusive practices among Bidders (prior to or after bid submission) designed to establish bid prices at artificial, non-competitive levels and to deprive the Procuring Entity of the benefits of free and open competition.

  • fraudulent practices which means any act or omission, including a misrepresentation, that knowingly or recklessly misleads, or attempts to mislead, a party to obtain a financial or other benefit or to avoid an obligation; and

  • Fraudulent Transfer Laws has the meaning set forth in Section 2.2.

  • Act of Insolvency means any act as such as defined by the Presidency Towns Insolvency Act or in Provincial Insolvency act or any amending status.

  • Fraudulent Conveyance means a fraudulent conveyance under Section 548 of Chapter 11 of Title II of the Bankruptcy Code or a fraudulent conveyance or fraudulent transfer under the applicable provisions of any fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time.

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • crematorium means an establishment with one or more cremation chambers used only for the reduction of the human body to ashes by heat and where funeral services will not be permitted to be conducted; [2009-06]

  • Insolvency Act means the Insolvency Xxx 0000;

  • Body piercing means the creation of an opening in a human body for the purpose of inserting jewelry or other decoration. "Body piercing" includes, but is not limited to, the piercing of an ear, including the tragus, lip, tongue, nose, or eyebrow. "Body piercing" does not include the piercing of an ear, except for the tragus, with a disposable, single-use, presterilized stud and clasp or solid needle that is applied using a mechanical device to force the needle or stud through the ear.

  • Threat of violence means an unjustified expression of intention to inflict injury or damage that is made by a student and directed to another student.

  • fradulent practice means a misrepresentation or omission of facts in order to influence a procurement process or the execution of contract;

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • Anti-Money Laundering Law means applicable laws or regulations in any jurisdiction in which any Loan Party or any Subsidiary is located or doing business that relates to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto.

  • Receivership court means the court in the insolvent or impaired insurer's state having jurisdiction over the conservation, rehabilitation, or liquidation of the member insurer.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Dishonest or Fraudulent Act means any dishonest or fraudulent act, including “larceny and embezzlement” as defined in Section 37 of the Investment Company Act of 1940, committed with the conscious manifest intent (1) to cause the Insured to sustain a loss and (2) to obtain financial benefit for the perpetrator or any other person (other than salaries, commissions, fees, bonuses, awards, profit sharing, pensions or other employee benefits). A Dishonest or Fraudulent Act does not mean or include a reckless act, a negligent act, or a grossly negligent act.