Asset Package definition

Asset Package means, in respect of an Asset Package Credit Event, all of the Assets in the proportion received or retained by a Relevant Holder in connection with such relevant Asset Package Credit Event (which may include the Prior Deliverable Obligation or Package Observable Bond, as the case may be). If the Relevant Holder is offered a choice of Assets or a choice of combinations of Assets, the Asset Package will be the Largest Asset Package. If the Relevant Holder is offered, receives and retains nothing, the Asset Package shall be deemed to be zero.
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Asset Package means any Assets (which may include the Reference Asset) that a Reference Holder received, retained or becomes entitled to receive for all or parts of the Reference Asset (including accrued but unpaid interest) [for whatever reason][following a Risk Event].]
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Asset Package means, in respect of an Asset Package Credit Event, all of the Assets in the proportion received or retained by a Relevant Holder in connection with such relevant Asset Package Credit Event (which may include the Prior Deliverable Obligation or Package Observable Bond, as the case may be). If the Relevant Holder is offered, receives and retains nothing, the Asset Package shall be deemed to be zero. An Asset package shall be treated as having the same currency and Outstanding Principal Balance as that of the Prior Deliverable Obligation or Package Observable Bond (as applicable) to which it corresponds immediately prior to the Asset Package Credit Event.
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Examples of Asset Package in a sentence

  • For the avoidance of doubt, if the Asset Package is deemed to be zero, the Final Price shall be zero.

  • For purposes of determining the applicability of Valuation Obligation Characteristics and the requirements specified in Sections 3.31(a) ( Mod R) and 3.32(a) (Mod Mod R) to a Prior Valuation Obligation or a Package Observable Bond, any such determination shall be made by reference to the terms of the relevant obligation in effect immediately prior to the Asset Package Credit Event.

  • Such Asset Package may be worth significantly less than the original Package Observable Bond prior to such Asset Package Credit Event and may result in a significantly lower Early Cash Redemption Amount being paid out to Noteholders than would have been the case following the relevant Credit Event had the Auction Final Price ben determined only by reference to Deliverable Obligations.

  • Future amendments or supplements to the terms applicable to credit derivatives generally will only apply to Credit Linked Notes that have already been issued if the Issuer and the Noteholders agree to amend the Credit Linked Notes to incorporate such amendments or supplements and other conditions to amending the Credit Linked Notes have been met.The 2014 ISDA Credit Derivatives Definitions introduced the new Asset Package Delivery provisions.

  • For purposes of determining the applicability of Deliverable Obligation Characteristics to a Prior Deliverable Obligation or a Package Observable Bond, any such determination shall be made by reference to the terms of the relevant obligation in effect immediately prior to the Asset Package Credit Event.

  • A CDS Clearing Member must be a member of, or have access to, at least one physical settlement system, other than any settlement system only required for Asset Package Delivery, that is customary for the settlement of all potentially applicable Deliverable Obligations under all CDS Contracts of all Sets which it is authorised to enter into, where such a physical settlement system exists.

  • Any Manual MP Notices (including memoranda of telephone notices) and all other Credit Event Notices, Notices to Exercise Movement Option, Notices of Physical Settlement, NOPS Amendment Notices, Asset Package Delivery Notices and other notices provided for by the Applicable Credit Derivatives Definitions under a CDS Contract shall be copied or sent to the following e-mail address of the Clearing House: cdscen@theice.com or the following fax number: +44 (0) 207 979 0119.

  • As at the date of this Base Prospectus, the Auction Redemption Terms have not been updated to reflect such Asset Package Delivery provisions.

  • For the avoidance of doubt, the Electronic Notice Process does not apply to Notices of Physical Settlement, NOPS Amendment Notices or Asset Package Delivery Notices.

  • Such Asset Package may be worth significantly less than the original Prior Deliverable Obligation or Package Observable Bond prior to such Asset Package Credit Event and may result in a significantly lower Cash Redemption Amount being paid out to Noteholders than would have been the case following the relevant Credit Event had the Value of the Valuation Obligations been determined only by reference to Deliverable Obligations.

Related to Asset Package

  • Work package means a major sub-division of the proposed project.

  • Information Package means the most recent compilation of financial and other data with respect to the Failed Bank, including any amendments or supplements thereto, provided to the Assuming Institution by the Corporation on the web site used by the Corporation to market the Failed Bank to potential acquirers.