Potential Credit Event Notice means an irrevocable notice in writing delivered by the Buyer to the Seller and the Calculation Agent which notifies them that a Potential Credit Event has occurred and confirms the Potential Credit Event occurred on or after the Trade Date and at any time prior to 11.59 am (Luxembourg time) on the second Business Day immediately preceding the Scheduled Maturity Date or the Early Redemption Date, as the case may be.
Potential Credit Event Notice means a notice given in writing on a day falling not more than 20 and not less than 5 Business Days prior to the Final Maturity Date by the CDS Counterparty to the Issuer (copied to the Rating Agencies, the Determination Agent, the Trustee and the Portfolio Administrator) stating that the CDS Counterparty reasonably believes that a potential failure to pay has occurred which would after the expiration of any applicable grace period constitute a Credit Event and citing Publicly Available Information to that effect. For the avoidance of doubt only one Potential Credit Event Notice may be given in connection with any one Reference Obligation.
Potential Credit Event Notice means a notice delivered by the Determination Agent on or prior to the day that falls five Business Days prior to the Scheduled Maturity Date (or the Early Redemption Date) to the Issuer, the Trustee, the Swap Counterparty, the Portfolio Administrator and the Rating Agency stating that it (in its sole discretion) considers that a Potential Credit Event has occurred in relation to the Reference Obligation specified in such notice.For the avoidance of doubt only one Potential Credit Event Notice may be given in connection with any one Reference Obligation.
Examples of Potential Credit Event Notice in a sentence
See “Payments in the Notes may be deferred or suspended” risk factor in “Risk Factors” above.Notice of any Potential Credit Event Notice will be given to the Noteholders in accordance with Condition 16 (Notices) by the Issuer promptly after receipt by the Issuer thereof from the Swap Counterparty.
See “Payments in the Notes may be deferred or suspended” risk factor in “Risk Factors” above.Notice of any Potential Credit Event Notice will be given to the Noteholders in accordance with Condition 16 ( Notices) by the Issuer promptly after receipt by the Issuer thereof from the Swap Counterparty.
See also “Payments in the Notes may be deferred or suspended” risk factor in “Risk Factors” above.Notice of any Potential Credit Event Notice will be given to the Noteholders in accordance with Condition 17 (Notices) by the Issuer promptly after receipt by the Issuer thereof from the Swap Counterparty.
Notice of any Potential Credit Event Notice will be given to the Noteholders in accordance with Condition 16 (Notices) by the Issuer promptly after receipt by the Issuer thereof from the Swap Counterparty.
Index/Formula (Indexed Notes):Notice of any Potential Credit Event Notice will be given to the Noteholders in accordance with Condition 16 ( Notices) by the Issuer promptly after receipt by the Issuer thereof from the Swap Counterparty.
More Definitions of Potential Credit Event Notice
Potential Credit Event Notice means a notice given in writing on a day falling not more than 20 and not less than 2 Business Days prior to the Final Maturity Date by the Swap Counterparty to the Issuer (copied to the Determination Agent and the Trustee) starting that it reasonably believes that a potential failure to pay has occurred which would after the expiration of any applicable grace period constitute a Credit Event. For the avoidance ofdoubt only one Potential Credit Event Notice may be given in connection with any one Reference Obligation.
Potential Credit Event Notice means an irrevocable notice in writing delivered by the Credit Default Swap Counterparty to the Issuer, the Calculation Agent, S&P, the Cash Managerand the Trustee which notifies them that a Potential Credit Event has occurred and confirms the Potential Credit Event occurred on or after the Trade Date and at any time prior to 11.59 am (Luxembourg time) on the second Business Day immediately preceding the Latest Scheduled Maturity Date or the Early Redemption Date, as the case may be. 6.18 Any early termination of a Credit Default Swap Agreement will not affect the obligations of the parties in respect of Credit Event Notices which have already been served. Consequently, premium and other amounts due to and from the Issuer and Cash Settlement Amounts due to the Credit Default Swap Counterparty from the Issuer in respect of Credit Event Notices duly served on the Issuer, but which have not been paid, will continue to be paid until the Final Redemption Date relating to the last Class of Notes outstanding.
Potential Credit Event Notice means an irrevocable notice in writing delivered by the Credit Default Swap Counterparty to, inter alia, the Issuer and the Trustee which notifies them that a Potential Credit Event has occurred and confirms the Potential Credit Event occurred on or after the Trade Date and at any time prior to 11.59 am (Luxembourg time) on the second Business Day immediately preceding the Scheduled Maturity Date or the Early Redemption Date, as the case may be.Final Cash Settlement Date: Terms Sub-Module 5.5.1 shall be applicable.Retentions and different currency denominations:Not applicable.(e) Purchase: Applicable.(f) Conditions 6(d) and (e): Any references in Conditions 6(d) and (e) to
Potential Credit Event Notice. The Buyer may on or prior to the Initial Termination Date deliver to the Seller a written notice (such notice, a "Potential Credit Event Notice") that contains information that confirms in reasonable detail the occurrence of a Potential Failure to Pay on or after the Effective Date and on or prior to the Initial Termination Date in respect of a Reference Obligation. Potential Failure to Pay: Section 1.13 of the 2003 Definitions is deleted and replaced with the following: "Potential Failure to Pay. "Potential Failure to Pay" means the failure by a Reference Entity in respect of a Reference Obligation to make, when and where due, any payments with respect to such Reference Obligation, without regard to any grace period or any conditions precedent to the commencement of any grace period applicable to such Reference Obligation, in accordance with the terms of such Reference Obligation at the time of such failure." Credit Events: The following Credit Events shall apply to this Transaction: Bankruptcy Failure to Pay Restructuring Obligations: Reference Obligations Only Section 2.30 of the 2003 Definitions shall not apply to this Agreement. Section 2.31 of the 2003 Definitions shall not apply to this Agreement. Failure to Pay: Section 4.5 of the 2003 Definitions is deleted and replaced with the following: "Failure to Pay" means after the expiration of 90 days from the due date, the failure by the Reference Entity to make, when and where due, any payments under the Reference Obligation in accordance with the terms of such Reference Obligation, at the time of such failure.
Potential Credit Event Notice means a notice delivered by the Swap Counterparty on or prior to the day which is two Note Business Days prior to the Scheduled Redemption Date to the Issuer, the Trustee, the Swap Calculation Agent, the Principal Paying Agent and the Rating Agency stating that it (in its sole discretion) considers that a Credit Event has occurred in relation to the Reference Entity or Reference Entities specified in such notice but that it is not yet in a position to satisfy the Conditions to Settlement (a "Potential Credit Event"). Any Potential Credit Event Notice relating to a Reference Entity shall cease to be of effect once the Conditions to Settlement have been satisfied in relation to the Reference Entity specified in such Potential Credit Event Notice.Swap Counterparty Payment On the first day of each Note Interest Period, the Swap Counterparty will be required by the terms of the Credit Default Swap to pay to the Issuer an amount (the "Swap Counterparty Payment") equal to the sum of the items below:
Potential Credit Event Notice means a notice delivered by the Swap Counterparty on or prior to the day that falls two Business Days prior to the Scheduled Maturity Date to the Issuer and the Trustee stating that it (in its sole discretion) considers that a Potential Failure to Pay or a Potential Repudiation/Moratorium has occurred in relation to the Reference Entity specified in such notice.For the avoidance of doubt, only one Potential Credit Event Notice may be given in connection with any one Reference Entity.
Potential Credit Event Notice means an irrevocable notice in writing delivered by the Credit Default Swap Counterparty to, inter alia, the Issuer and the Trustee which notifies them that a Potential Credit Event has occurred and confirms the Potential Credit Event occurred on or after the Trade Date and at any time prior to 11.59 am(Luxembourg time) on the second Business Day immediately preceding the Scheduled Maturity Date or the Early Redemption Date, as the case may be. Reference Loss Percentage: Terms Sub-Module 2.9.1.5 shall apply. Conditions for Cash Settlement Amounts to be payable by the Issuer:Terms Sub-Module 2.10.3 shall apply provided that: