Additional Credit Event definition

Additional Credit Event means an additional credit event as defined in the Final Terms.
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Additional Credit Event means an additional credit event as defined in the Pricing Supplement.
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Additional Credit Event means, in respect of Notes, an event specified as such in the applicable Pricing Supplement.
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Examples of Additional Credit Event in a sentence

  • Such notice shall specify the aggregate principal or face amount of the Additional Credit Event in which each such other Revolving Credit Lender will participate.

  • MascoTech shall give prompt written notice to the Administrative Agent and each other Revolving Credit Lender of the occurrence of (a) any Additional Credit Event and (b) any Additional Credit Disbursement.

  • Automatically and contemporaneously with each Additional Credit Event occurring on or after the Closing Date, each such other Revolving Credit Lender will acquire a Pro Rata Percentage participation in all of the Additional Credit Exposure represented by each Additional Credit Event.


More Definitions of Additional Credit Event

Additional Credit Event means the incurrence by MascoTech of any Guarantee obligation or Indebtedness in respect of (a) any Designated Letter of Credit or (b) any Designated Guarantee Obligation.
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Related to Additional Credit Event

  • Credit Event shall have the meaning assigned to such term in Section 4.01.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Credit Event UPB With respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Credit Event Amount With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • DC Credit Event Announcement means, with respect to the Reference Entity, a public announcement by the DC Secretary that the relevant Credit Derivatives Determinations Committee has Resolved that an event that constitutes a Credit Event has occurred on or after the Credit Event Backstop Date and on or prior to the Extension Date, provided that if the Credit Event occurred after the Scheduled Maturity Date, the DC Credit Event Announcement 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.

  • Extension of Credit means, as to any Lender, the making of a Loan by such Lender (or a participation therein by a Lender) or the issuance of, or participation in, a Letter of Credit by such Lender.

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Credit Event Net Loss With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the sum of: (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation, over (b) the related Net Liquidation Proceeds.

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

  • Letter of Credit Default means with respect to a Letter of Credit, the occurrence of any of the following events:

  • Incremental Revolving Lender has the meaning specified in Section 2.14(d).

  • Credit Event Net Gain With respect to any Credit Event Reference Obligation, an amount equal to the excess, if any, of (a) the related Net Liquidation Proceeds; over (b) the sum of (i) the related Credit Event UPB; (ii) the total amount of prior principal forgiveness modifications, if any, on the related Credit Event Reference Obligation; and (iii) delinquent accrued interest thereon, calculated at the related Current Accrual Rate from the related last paid interest date through the date Freddie Mac determines such Reference Obligation has been reported as a Credit Event Reference Obligation.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).