Successor Notice definition

Successor Notice means an irrevocable notice from the Calculation Agent to the Issuer that describes a succession (or, in relation to a Reference Entity that is a Sovereign, a Sovereign Succession Event) in respect of which a Succession Date has occurred and pursuant to which one or more Successors to the Reference Entity can be determined.

Successor Notice is defined in Section 8.1(b).

Successor Notice has the meaning set forth in Section 8.01(b).

Examples of Successor Notice in a sentence

• Notwithstanding Section 2.2(m) ( Successor Notice) of the Credit Derivatives Definitions, for the purposes of the Transaction “Succession Notice” means a notice from the Calculation Agent to the Issuer and the Swap Counterparty that describes a succession in respect of which a Succession Date has occurred and pursuant to which one or more Successors to the Reference Entity can be determined.

• Notwithstanding Section 2.2(m) ( Successor Notice) of the Credit Derivatives Definitions, for the purposes of the Transaction “Succession Notice” means a noticefrom the Calculation Agent to the Issuer and the Swap Counterparty that describes a succession in respect of which a Succession Date has occurred and pursuant to which one or more Successors to the Reference Entity can be determined.

• If the Issuer delivers a Credit Event Notice or a Successor Notice to a Securityholder, such Securityholder should be aware that such notice may be superseded by a determination of the Credit Derivatives Determinations Committee.

• If more than one Successor is identified as a Reference Entity by the Issuer, the following applies:(y) each such Successor is, from the relevant date, a Reference Entity for the purposes of the Securities with a weighted amount equal to the ratio of the Calculation Amount and the number of Successors as spec- ified in the Successor Notice (the " Weighted Amount"); (z) in relation to each of these Reference Entities, a Credit Event may occur.

• Paragraph 4(g) ( Restriction on Delivery of Credit Event Notice and Successor Notice) shall not apply to this Transaction.

More Definitions of Successor Notice

Successor Notice means an irrevocable notice from the Calculation Agent to the Issuer that describes a succession (or, in relation to a Reference Entity that is a Sovereign, a Sovereign Succession Event) in respect of which a Succession Date has occurred and pursuant to which one or more Successors to the Reference Entity can be determined. A Successor Notice must contain a description in reasonable detail of the facts relevant to the determination to be made pursuant to paragraph (a) of the definition of Successor above.

Successor Notice has the meaning set forth in Section 17.15.2(e) of the Management Agreement.

Successor Notice means an irrevocable notice from the Issuer to the Security Holder pursuant to § 12 in a timely manner after the Issuer becomes aware of the Publicly Available Successor Information that describes

Successor Notice has the meaning set forth in SECTION 8.1(b).

Successor Notice has the meaning set forth in SECTION 8.01(B) of the XXX Purchase Agreement.

Successor Notice has the meaning set forth in Section 8.01(B). ---------------- ---------------

Successor Notice has the meaning set forth in Section 8.01(a) of the Receivables Purchase Agreement.