Examples of Updated 2003 Definitions in a sentence
Because no contractual grace period applies to the Relevant 2016 Legacy Notes (as noted above), the DC determined that a grace period of 3 Grace Period Business Days should be deemed to apply pursuant to Section 1.46(c) of the 2014 Definitions and Section 1.12(a)(iii) of the Updated 2003 Definitions.
The Bank’s obligation to disburse the Facility is subject to the Borrower depositing either with the Dealer/Seller from whom he/she proposes to purchase the Vehicle or with the Bank, a percentage of the price of the Vehicle to be purchased which should not be less than the amount/percentage specifically mentioned in the Schedule hereto (hereinafter referred to as “Margin Money”).
The DC noted the distinction in drafting between the 2014 Definitions and the Updated 2003 Definitions and was of the view that the relief sought pursuant to the RJ proceedings did constitute such “other relief”, considering the universal application of the automatic stay on lawsuit proceedings and enforcement actions, the payment obligation relief, and cram down provisions under RJ proceedings.
Indeed, as noted above the Oi Companies, including the Reference Entity, expressly state that they are not bankrupt at paragraph 131 on page 41 of the RJ petition filed by the Oi Companies.11 The DC also considered limb (f) of the definition of Bankruptcy Credit Event in Section 4.2 of the 2014 Definitions and the Updated 2003 Definitions and whether the judicial administrator appointed by the court under RJ was similar to the types of official described in that limb.
Notwithstanding paragraphs 1 and 2 above, if the Documentation evidencing any Protocol Covered Transaction or Protocol Covered Agreement specifies "Escrow" as applicable, Section 8.11 of the Updated 2003 Definitions shall continue to apply to such Protocol Covered Transaction or Protocol Covered Agreement.
Updated 2003 Definitions means the 2003 ISDA Credit Derivatives Definitions as supplemented by the 2009 ISDA Credit Derivatives Determinations Committees, Auction Settlement and Restructuring Supplement published on July 14, 2009 and/or the 2009 ISDA Credit Derivatives Determinations Committees and Auction Settlement Supplement published on March 12, 2009.
There may be a little discomfort that induces sneezing, coughing and, rarely, minor bleeding for a short period of time.
Under the Updated 2003 Definitions, the additional requirement in order to constitute a Bankruptcy Credit Event is that the relief sought be "a judgment of insolvency or bankruptcy or any other relief" (emphasis added).
Each capitalized term used in this Protocol or Schedule 1 (Amendments) hereto but not defined herein has the meaning given to such term in the 2014 ISDA Credit Derivatives Definitions as published by ISDA (the 2014 Definitions) or the Updated 2003 Definitions, as applicable.
Under the Updated 2003 Definitions, the additional requirement in order to constitute a Bankruptcy Credit Event is that the relief sought be “a judgment of insolvency or bankruptcy or any other relief” (emphasis added).